Benefits of Education Loans and Other More Details.

According to the data available with Indian Banks' Association (IBA). The answer to this mystery lines in the loan amount. A large part of Bank's Education Loan accounts, around 62%, is under 4 Lakhs Amounts.

The policies are such that the meritorious students we cant really demand any security, they take Education Loan. Economic slowdown also has a role to pay. Sometimes, when students do not get the kind of job they are looking for, they prefere to wait for the right job with inevitably delays the repayment of loan.

Sometimes, sutdents just do not have the intention to pay back, opine bankers. With the problem banks have decided to approve the loan only after accessing their earning capacity rather than their family wealth.

Posted in: Education Loan