Poonawalla Fincorp Forays into Education Loans Business
1 min read
Poonawalla Fincorp Limited (PFL), a Cyrus Poonawalla Group-promoted NBFC arm focused on Consumer & MSME Lending, has launched an education loan business focusing on students pursuing higher education in international universities.
The offering aims to provide faster turnaround time and quick sanctions to deliver a hassle-free experience. As part of this launch, the company announced an industry-first initiative of providing instant sanction for education loans.
- Loan up to INR 3 Crore with collateral: Covers tuition, living, travel, books, and insurance premiums for students and co-applicants, with hassle-free approvals
- Loan up to INR 1 Crore: Option available with zero collateral
- Instant Sanctions: An industry-first initiative for loans up to INR 75 Lakh, ensuring a faster decision-making process.
- Interest Rates: Offering competitive interest rates, making financing more accessible for all students planning to study in international universities
Commenting on the launch, Mr. Arvind Kapil, Managing Director & CEO of Poonawalla Fincorp, said, “Education is the most powerful investment in the future, and finance should never be a barrier to ambition. With our education loan solutions, we are committed to empowering students to access world-class learning opportunities and build a brighter tomorrow.”
The launch of the education loan business is part of PFL’s strategic expansion plan to diversify its product offerings and deliver comprehensive financial solutions. The company recently launched the digital prime personal loan for salaried professionals.
