Poonawalla Fincorp Launches Education Loan Services, Offering Up to INR 3 Crore Financing
Poonawalla Fincorp Limited (PFL), a Non-Banking Financial Company (NBFC) under the Cyrus Poonawalla Group, has ventured into the education loan sector, targeting students aspiring to study abroad. This new initiative aims to provide seamless financial assistance through faster approvals and an industry-first feature of instant loan sanctions. By leveraging technology and a customer-focused approach, Poonawalla Fincorp Limted ensures a hassle-free borrowing experience.
Comprehensive Financial Support for Students
The rising cost of international education often becomes a hurdle for students and their families. Poonawalla Fincorp Limted’s education loan offerings are designed to eliminate financial stress and provide tailored solutions for different needs.
Loans up to INR 3 Crore (With Collateral) – Covers tuition, living expenses, travel, books, and insurance for students and co-applicants.
Loans up to INR 1 Crore (Without Collateral) – A flexible option for students who prefer unsecured financing.
Instant Sanction for Loans up to INR 75 Lakh – Ensuring faster decision-making and quick disbursals.
Competitive Interest Rates – Making international education more accessible without excessive financial burden.
Speaking on the launch, Mr. Arvind Kapil, Managing Director & CEO of Poonawalla Fincorp, stated, “Education is one of the most valuable investments for the future. Our goal is to ensure that financial constraints do not stand in the way of students’ aspirations. With our education loan solutions, we aim to provide world-class financial support to those pursuing higher education abroad.”
Catering to a Growing Demand for Education Loans
With an increasing number of Indian students choosing international universities, the demand for education loans has significantly risen. Understanding this trend, Poonawalla Fincorp Limted is positioning itself as a key player in the sector by offering a customer-friendly and need-based approach.
To strengthen its offerings, Poonawalla Fincorp Limited has collaborated with leading educational consultants across India. These partnerships help students receive end-to-end financial guidance, ensuring they secure the right funding for their academic journey. The company is also onboarding industry professionals to provide insights and support for borrowers, further enhancing customer experience.
Strategic Growth and Innovation
The launch of education loans aligns with Poonawalla Fincorp Limted ’s broader strategy to expand its portfolio and diversify its lending services. The company recently introduced a digital prime personal loan for salaried professionals, showcasing its commitment to innovation and convenience.
By embracing a risk-first approach, Poonawalla Fincorp Limted ensures that its financial solutions remain sustainable while delivering quick and effective lending experiences. The company prioritizes simplicity, transparency, and efficiency in loan approvals, making financial assistance more accessible to students.
With its entry into the education loan market, Poonawalla Fincorp Limted is setting a benchmark for hassle-free lending, reinforcing its position as a leading NBFC in India. Through innovative financial products and a strong customer-oriented approach, the company is empowering students to pursue their dreams without financial obstacles.
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