Union Cabinet approved PM Vidyalaxmi scheme to provide Guarantor Free Education Loans for 22 Lakh Aspiring Students who get admission in the top 860 quality higher educational institutions of the […]
Ministry of Finance has issued clarifications on its announcement of 3 months EMI Moratorium on All bank Loans outstanding.
Clarification on 3 Months EMI Moratorium on all Bank Loans Outstanding Read More »
All commercial banks (including regional rural banks, small finance banks and local area banks), co-operative banks, all-India Financial Institutions, and NBFCs (including housing finance companies and micro-finance institutions) (“lending institutions”) are being permitted to allow a moratorium of three months on payment of instalments in respect of all term loans outstanding as on March 1, 2020
Moratorium of 3 months instalments for all term loans outstanding as on 1st March 2020 Read More »
Insurance for Education Loan Education loans are extended as per Model Educational Loan Scheme of Indian Banks’ Association (IBA), as adopted by the Banks. As per the Model Scheme, scheduled
Waiving off Education Loan At present, there is no proposal under the consideration of the Government to waive off the education loans sanctioned to the students who could not get
Education Loans for Engineering Students The India Banks’ Association (IBA) had circulated a Model Educational Loan Scheme for implementation to its member banks with broad operational guidelines. Banks may adopt
