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  Poonawalla Fincorp Limited, a well-established non-banking finance company, has stepped into the education loan sector with an initiative designed to support students pursuing higher education abroad. With this move, the company aims to provide students and their families with easy access to financial assistance, making global education more attainable. One of the key highlights of this offering is the provision of instant loan sanction of up to Rs. 75 lakhs, which sets a new benchmark in student financing. Loan Options Tailored to Student Needs Understanding the diverse financial needs of students, Poonawalla Fincorp Limited has introduced flexible loan options. Students can avail of loans up to Rs. 1 crore without requiring any collateral, offering them an accessible way to fund their education without the stress of asset pledging. For those seeking higher loan amounts, the company is offering loans up to Rs. 3 crore against collateral. This facility ensures that a wide range ...

The phrase "NPA" is highly relevant in the world of finance, particularly when referring to the Indian economy. Non-Performing Assets, or NPAs, are loans or advances that no longer generate income for their lenders owing to default or non-payment by borrowers. The stability and expansion of the Indian economy are significantly impacted by these NPAs. We will explore the idea of NPA, its causes, effects, and impact on the Indian economy in this article. Defining NPA Non-Performing Assets, or NPAs, are loans or advances provided by financial institutions that have not generated any interest or principal repayment for a specified period. The Reserve Bank of India (RBI) mandates specific criteria for classifying loans as NPAs, based on the length of overdue payments. Loans that remain unpaid for more than 90 days are typically considered NPAs. Also Read: Why Unsecured Business Loans Have Become Popular In India? Causes of NPA Several factors contribute to the rise of NPAs in the ...