The burden of education loan

The burden of education loan

With the cost of education rising, more students seem to prefer education loans. But, many are finding themselves without jobs, even after paying for expensive education. According to recent reports, the total education loan dues in the banking system had risen from Rs 48,382 crore to Rs 72,336 crore, a rise of 49.5 per cent, between March 2013 and December 2016. In comparison, non-performing assets in this segment was up 142 per cent, from Rs 2,615 crore to Rs 6,336 crore in the same period. Clearly, more and more students…

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Ease your financial burden

Ease your financial burden

Sudarshan Motwani is the founder and CEO of BookMyForex, an online marketplace for foreign currency exchange. He has introduced several new products and delivery channel-innovations throughout his banking career of over 30 years. He holds a postgraduate diploma in finance and marketing from Delhi University. In this interview, he talks about the dos and don’ts involved in seeking an education loan. What are the advantages of new age technology-backed currency exchange marketplaces? Traditional foreign exchange providers such as banks and moneychangers typically add a hefty margin for exchanging currency that…

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