Reliance Arc Education Loan Settlement | GyanDhan
Education loan borrowers often face challenges while repaying their education loan. Did you know that in March 2023, Reliance Asset Reconstruction Company (RARC)* received a INR 306.4 crore education loan portfolio from Indian Overseas Bank (IOB) through a Swiss auction. The portfolio included INR 10,705 non-performing education loan accounts. RARC's successful bid of INR 122.5 crore allowed IOB to recover over 40% of the loan amount. This is where Reliance Arc Education Loan proves to be most useful. It helps students struggling with education loan debt.
This is a companion discussion topic for the original entry at https://www.gyandhan.com/blogs/education-loan/reliance-arc-education-loan-settlement