Key Points
A growing desire for international education is sweeping small towns across the country, spurring demand for study loans and underscoring the burgeoning ambitions of young Indians..
Guntur, Rangareddy, Krishna, Surat, Prakasam, Warangal, Visakhapatnam, Ludhiana, Nellore, Patiala, Amravati, Bijnor, Medak, Ajmer, Bhilwara, Churu, Darjeeling, Mahbubnagar and Nalanda are among towns that have seen the most applications for education loans in 2023, according to lenders whom ET spoke to...
As much as 70-72% of the students funded by Avanse Financial Services in 2023 belonged to tier II-III and beyond, said the education-focused nonbanking financial companys managing director and chief executive, Amit Gainda..
Small towns are actively shaping the trajectory of education financing, said Amit Singh, founder of UniCreds, a provider of foreign education loans..
It also reflects the increasingly competitive terms and conditions offered by banks and NBFCs to students, he said.. Experts cite increased accessibility to tailored education loans as another factor for the strong interest..
