Bridg­ing the Gaps

Consumer Voice - - Bfsi/ For Higher Studies Abroad -

Timely re­lease of loan will en­able stu­dents to plan their date of travel and join the course of study on time. The cost of yearly travel home from the host coun­try can be in­cluded in the loan. When credit guar­an­tee is ex­panded/ex­tended to cover loans up to at least Rs 10 lakhs (for stud­ies in In­dia as well as abroad), it will send out a strong sig­nal for banks to step up lend­ing to el­i­gi­ble stu­dents (es­pe­cially when ed­u­ca­tion loans up to Rs 10 lakhs and Rs 20 lakhs for stud­ies abroad are el­i­gi­ble to be cov­ered un­der banks’ pri­or­ity-sec­tor lend­ing un­der the ex­tant RBI guide­lines).

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