The education loan asset under management (AUM) of non-banking financial companies (NBFCs) in India is projected to grow by 40-45% to exceed Rs 60,000 crore in the current fiscal, driven by rising demand for higher education abroad, according to a CRISIL Ratings report. Despite robust growth, only a small fraction of Indian students are funded by NBFCs. However, rising tuition costs, inflation, and limited alternatives suggest substantial growth potential for NBFCs in the education loan sector.
NBFC Education Loans in India to Surge by 40-45% Amid Growing Demand for Overseas Studies
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