Education loans play a crucial role in assisting students who lack sufficient funds to pursue their studies abroad. In India, besides public and private banks, Non-Banking Financial Companies (NBFCs) have emerged as prominent lenders of education loans for international studies. The current economic conditions indicate a robust growth of 35% - 40% for NBFCs, reaching around INR 35,000 Cr in the financial year 2023-24, according to CRISIL (Credit Rating Information Services of India Limited).
This is a companion discussion topic for the original entry at https://www.gyandhan.com/blogs/hdfc-credila-vs-auxilo-education-loan