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Education Loans

Begin with a 100 per cent equity portfolio, which you can reduce gradually as the goal approaches

Updated On: 09 Jan 2025 | 3:23 PM IST
Bs_logoHow to create a roadmap for funding your child's higher education

Education loans-focused lender Credila Financial Services Ltd, formerly known as HDFC Credila Financial Services Ltd, has filed papers with markets regulator Sebi for an initial public offering (IPO) through a confidential pre-filing route. The confidential pre-filing route allows the company to withhold public disclosure of details under the draft red herring prospectus (DRHP). In a public announcement on Friday, Credila said it has "filed pre-draft red herring prospectus with the Sebi and stock exchanges ... in relation to the proposed initial public offering of its equity shares on the main board". This development follows a significant change in the company's ownership during the financial year ended March 31, 2024. A private equity consortium of EQT and ChrysCapital acquired a 90.01 per cent stake in Credila for Rs 9,060 crore, including a fresh equity infusion of Rs 2,003.61 crore. Of this, Rs 700 crore was infused in June 2023 by the erstwhile HDFC Ltd, while the remaining R

Updated On: 28 Dec 2024 | 6:40 PM IST
Bs_logoEdu loan provider Credila Financial Services files IPO papers with Sebi

IPO-bound overseas education loan company Credila suspected fraud during the September quarter

Updated On: 18 Dec 2024 | 5:26 PM IST
Bs_logoEdu loan provider Credila suspects fraud, sets aside Rs 80 cr provision

As per the NIRF rankings, students admitted to any of the 860 top-ranking quality higher educational institutions (QHEIs) in India will be eligible for the PM-Vidyalaxmi scheme

Updated On: 06 Nov 2024 | 5:58 PM IST
Bs_logoCabinet approves PM-Vidyalaxmi scheme for students; know all about it

Cabinet allocates Rs 3,600 crore to the scheme which helps meritorious students from economically disadvantaged backgrounds pursue higher education

Updated On: 06 Nov 2024 | 4:57 PM IST
Bs_logoPM-Vidyalaxmi scheme approved to provide collateral-free student loans

Whether it's tuition fees, books, or even a laptop, education loans help cover the costs and make education more affordable

Updated On: 17 Sep 2024 | 5:18 PM IST
Bs_logoLack funds for education? Here's all you need to know about education loans

Lenders have reduced exposure to those studying in Canada to 15 per cent in FY24

Updated On: 13 Sep 2024 | 5:54 AM IST

The one-time ex-gratia payment is a way to motivate the young workforce, said HDFC Bank CEO

Updated On: 21 Apr 2024 | 7:49 PM IST

In UP, the number of digital transactions jumped nearly threefold to 11.74 billion in FY23 from 4.26 billion in FY22

Updated On: 25 Mar 2024 | 5:18 PM IST

The donation made by former Professor Ruth Gottesman stands as one of the largest charitable contributions to an educational institution in the United States

Updated On: 28 Feb 2024 | 1:24 PM IST

The 2024 Study Abroad Trends Report 3.0 find that study-abroad aspirants prefer countries in the European Union, prioritising education quality, affordability, and job opportunities

Updated On: 14 Feb 2024 | 5:06 PM IST

The National Education Policy, introduced in 2020, states that 6% of the country's GDP should go towards education. Here is a look on how the country has fared in over a decade of education

Updated On: 29 Dec 2023 | 5:42 PM IST

CARE Ratings indicated that Indian students in Canada contribute nearly CAD 10 billion annually, a figure projected to rise in the long term

Updated On: 16 Oct 2023 | 9:15 PM IST

Experts told Mint that the difficult job market in Punjab has led to young individuals seeking opportunities abroad

Updated On: 04 Sep 2023 | 12:59 PM IST

By proactively managing your payments, you can ease the financial impact of the loan and potentially save on overall interest expenses

Updated On: 27 Jul 2023 | 10:15 AM IST

Education finance is a complex and dynamic sector. There are too many variables - the course, the calibre of students, the universities, and the job prospects once the course is over

Updated On: 25 Jun 2023 | 4:19 PM IST

Banks are in a bind as Kerala High Court directs them to exercise more compassion with students, as guarantors frequently default on education loan repayments

Updated On: 08 Jun 2023 | 12:31 PM IST

The recent surge in gold prices has made the yellow metal shinier as it fetches more funds for borrowers. Significantly, gold prices shot to Rs 60,000 per 10 grams from about Rs 50,000 a year ago

Updated On: 31 May 2023 | 11:03 AM IST

Some recent moderation in credit growth; delinquencies reducing except in credit cards, study loans

Updated On: 21 Apr 2023 | 11:53 PM IST

The education loans by NBFCs would grow moderately but still be healthy as compared with the previous fiscal year, CRISIL said

Updated On: 20 Apr 2023 | 5:22 PM IST