1Research Scholar, Department of Management Studies, Pondicherry University, Kalapet, Pondicherry-605 014, fathimanatraj@gmail.com
2Associate Professor, Department of Management Studies, Pondicherry University, Kalapet, Pondicherry-605 014, kasimeena@gmail.com
Online published on 15 February, 2019.
The Reserve Bank asked banks not to reject any educational loan application even if the residence of the borrower does not fall under their service area."… This study attempts to find out the borrowers perception of reasons for rejecting educational loan application. The data are collected from 300 educational loan borrowers in Puducherry. The analysis reveals that borrowers’ inability to arrange proper collateral securities followed by insufficient income is the reason for rejection. The difference in perception arises mainly from different social class and different age category people. Amount of loan asked for and course of study and collateral demanded are correlated.
Educational loan, reasons for rejecting educational loan application, borrowers perception, educational loan in Pondicherry
