EDUCATIONAL LOAN PORTFOLIOS IN MIDDLE-CLASS FAMILIES AT BANK OF INDIA

Abstract

The purpose of this study is to look into the management of educational loan portfolios by middle-class households that use Bank of India services. It demonstrates the growing importance of these loans in supporting families in affording their education when their income decreases and their expenses rise. This study looks at students' and guardians' financial commitments, the consequences of interest rates, and repayment habits. Furthermore, it studies how student loans affect the availability of higher education in India and other nations. The research looks into the way the Bank of India manages risk while dealing with this demographic. It analyzes how the bank provides low-cost loans to help individuals advance through society. The poll also highlights worries about the need for flexible repayment schedules, late payments, and loan defaults. It emphasizes the value of bank-led efforts and policies that educate borrowers about money.