Banks have become cautious about the disbursement of student loans. The situation has primarily arisen due to the rise of unemployment.
The ability of those who have already availed of conventional education loans to repay on time has drastically reduced. This way, non-performing assets (NPAs) have gone up in the last 1.5 years.
It is where banks have become cautious about sanctioning an education loan for abroad studies. They don’t want to initiate a loan with fewer chances of timely repayments.
What is the solution then for people looking to apply for an education loan? You can apply for an education loan against property.
Read on and know more about it!
What is the education loan against property?