Authors : Kapil Kumar Tiwari and Rashmi Somani
Abstract: The paper focuses on Unsecured loan especially personal loan. A personal loan is a kind of credit borrowed either from a banking institution or Non-banking institution for private utility; it enables the person to buy essential goods or services to sustain a livelihood. This research also highlights the Personal Loan Disbursement Portfolio of banks in Bhopal. To analyze the trend and challenges of defaults or NPA of unsecured loans. Presently, banking and financial institution’s overabundance facilitates a variety of loans like a car loan, home loan, personal loan, mortgage loan and agriculture loan. To attract or influence the customers, the banking providing several tactics to connect with their banking facilities like easy payment services, low-interest rate, rapid availability of loans, less paperwork, etc. Enhance the chances of NPA and defaulter cases. Moreover, the paper keenly and comprehensively analyzes the issues and measures to reduce defaults the defaulter by conducting a questionnaire survey method and demonstrating the consequences that can help overcome the defaulting, strengthening the market’s feasibility.
Kapil Kumar Tiwari and Rashmi Somani, 2021. Why Unsecured Loan Having High Loan Delinquency. International Business Management, 15: 262-268.