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Source: Economic Times
Smaller cities account for over 86% of education loan requests
India’s smaller cities are driving demand for education loans, accounting for more than 86% of applications. Uttar Pradesh and Maharashtra lead in application volumes.
The education loan market is seeing a growing share of requests from Tier II and Tier III cities, according to the Economic Times report. The figures highlight how strongly demand for financing studies is coming from outside larger urban centres.
Uttar Pradesh and Maharashtra account for the highest application volumes among states. However, the report does not give their individual shares or a state-wise breakdown. It also does not identify which smaller cities are contributing the most requests.
Job training courses and MBA programmes are the leading choices among courses financed by students. The report does not provide separate figures for these two categories, so their relative contribution to education borrowing cannot be compared.
The numbers describe applications, not loans actually approved or paid out. No total application count, loan value or reporting period has been stated. That limits what can be concluded about the size of the market, growth over time or how much of this demand turns into lending.
