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Factors Affecting the Approval of your Education Plan

Factors affecting the approval of your Education Plan • Credit High Earning BANK History Potential • Collateral • Institutional Refused Accreditation • Interest • Academic Rate Record <> HDFC SALES

Factors Affecting the Approval of your Education Plan

shared by HDFCSales21 on Dec 23

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Education Loans were started in 2001 as an incentive with the help of the Indian Bankers' Association (IBA). This incentive was to bridge the gap for students aiming at higher studies in their respect... ive fields. In March 2018, the Education Loan category had NPAs (Non-Performing Assets) of 8.97% which is a sharp rise from 7.3% in 2016. This data charted out by IBA also unveiled the total outstanding loan amount of Rs. 71,724.65 Crores out of which, NPAs held Rs. 6,434.62 Crores. The obvious deduction here has made banks fixate on stricter rules making them vigilant simultaneously. Visit our website to learn more in detail.

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