HDFC Credila vs. SBI: Which is Better for Abroad Education Loans? | GyanDhan
Education loans have been witnessing remarkable growth from both Non-Banking Financial Companies (NBFCs) and public banks in recent times. In the fiscal year 2021-22, public banks in India disbursed over 7500+ cr in abroad education loans, as reported by the Ministry of Finance. Simultaneously, CRISIL ratings predict a substantial 40% increase in abroad education loans from NBFCs for the fiscal year 2023-24. Clearly, students are turning to both public banks and NBFCs for financial support when pursuing education abroad.
This is a companion discussion topic for the original entry at https://www.gyandhan.com/blogs/hdfc-credila-vs-sbi-education-loan