Tier II and III Towns Lead India's Education Loan Growth

Students from Tier II and Tier III cities now drive the growth of India's education loan sector, shifting the market beyond major metro areas. These smaller cities account for the vast majority of all loan applications and approvals across the country. Total education loan disbursals have reached a record high. Job training courses lead the way in these disbursals, as more students borrow money specifically for career-focused programmes.