03
Jul
Students who have deferred or changed their plans of heading to Canada or Australia for graduation courses are also picking up loans from these non-banking financial companies (NBFCs) to enrol in expensive courses in India, particularly in smaller towns. For instance, Bengaluru-based fintech Propelld has seen the volume of students taking loans increase by 15-20% over the past one year. About 45% of the loans are for coaching fees and a similar percentage for upskilling programs. The balance 10% is for higher education in tier-II and tier-III colleges, which can be for a ₹5 lakh-10 lakh loan for a two-year…