How do NBFCs approve loans with zero current income?

About this episode

The episode discusses how NBFCs evaluate student loans based on future income potential and the importance of credit scores.

Can you fund a world-class higher education without draining your parents' retirement funds or destroying your own financial future? On this episode of Paisa Vaisa , host Anupam Gupta is joined by Vivek Baranwal, CBO, Education Loan - Domestic Business at Avanse Financial Services. Together, they break down the structural shift in how student loans are evaluated in India today. Learn how modern lenders underwrite based entirely on a student's future income potential, the realistic costs of top-tier Indian engineering, MBA, and medical programs, and the critical importance of maintaining a clean co-applicant credit score. Vivek also shares invaluable data on using micro-loans for short-term upskilling in AI and Data Science to combat India's 45% unemployability rate, and how international campuses in Gift City are changing the game. Whether you are a parent planning ahead or a young professional looking to upgrade your skills, plug in your earphones for a highly pragmatic take on balancing career dreams with financial reality. Tune in for an engaging discussion on creativity, careers, business, and the evolving world of entertainment. From decoding your personal finances to…

People in this episode

Host: Anupam Gupta

Guest: Vivek Baranwal

Topics covered

• student loans
• financial education
• upskilling
• credit score
• higher education
• employment

Keywords

• NBFCs
• loans
• education
• financial services
• micro-loans
• AI
• Data Science
• unemployability
• engineering
• MBA

Mentioned in this episode

Organizations: Avanse Financial Services

Places: India, Gift City

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