Poonawalla Fincorp Offers ₹3 Crore Education Loans for Students Going Abroad

Poonawalla Fincorp Limited (Poonawalla Fincorp Limited), a key financial services provider under the Cyrus Poonawalla Group, has rolled out a dedicated education loan service for Indian students planning to study overseas. With loan amounts reaching up to ₹3 crore, this offering brings substantial financial support to students who need funding for global university programs.

The launch reaffirms Poonawalla Fincorp Limited’s focus on broadening its product range while creating accessible solutions for today’s aspiring students.

Up to ₹1 Crore with No Collateral Needed

The loan structure allows students to avail up to ₹1 crore without pledging any collateral, making the process convenient for middle-income families. For larger amounts—between ₹1 crore and ₹3 crore—collateral submission is required based on the applicant’s profile.

Another standout feature is instant loan sanction for amounts up to ₹75 lakh, providing peace of mind to students dealing with tight deadlines for applications, visas, and course enrollments.

Also Read: The New Age of Personal Loan Disbursals: Speed, Simplicity, and Smart Tech

Covers Every Major Educational Expense

Poonawalla Fincorp’s education loans don’t just stop at tuition support. They have been designed to offer a complete financial package for students and their co-applicants. The loan covers:

  • University tuition and enrollment charges

  • Cost of living and accommodation abroad

  • Airfare and travel-related expenses

  • Academic supplies, including books and equipment

  • Medical and travel insurance premiums

This wide coverage ensures that families don’t have to source separate loans or funds for different education-related costs.

Poonawalla Fincorp Limited


Aligning with Poonawalla Fincorp Limited’s Growth and Innovation Plans

The launch of this education loan product is in line with Poonawalla Fincorp Limited’s continuous focus on expanding its customer offerings. Just recently, the company had introduced digital prime personal loans—a quick-access product for salaried professionals seeking fast and paperless financial support.

The education loan solution further strengthens Poonawalla Fincorp Limited’s commitment to creating digital-first financial services for modern Indian consumers.

Also Read: Poonawalla Fincorp: Revolutionizing Retail Lending with Digital Innovation

CEO’s Statement Reinforces Educational Vision

Poonawalla Fincorp Limited’s Managing Director and CEO, Arvind Kapil, expressed the company’s mission clearly, stating, “Education is the most powerful investment in the future, and finance should never be a barrier to ambition.” This statement highlights the company’s goal of supporting deserving students through accessible funding.

Market Response and Current Performance

Following the announcement, Poonawalla Fincorp’s shares were seen trading at ₹290.40 on the NSE, reflecting a positive movement of ₹1.95 or 0.68%. This reaction from the market reflects the anticipation of strong demand for education loans and overall optimism around Poonawalla Fincorp Limited’s evolving financial services strategy.

Portfolio Beyond Education Loans

While the education loan product is the latest addition, Poonawalla Fincorp Limited has an established suite of financial services for different borrower categories. These include loans tailored to individuals, professionals, vehicle buyers, and small businesses. Some of the key products include:

Personal Loans

These are fully digital and unsecured loans meant for salaried individuals. They are disbursed quickly and come with transparent terms and flexible repayment options, ideal for situations like family functions, emergencies, or leisure travel.

Professional Loans

These loans are designed specifically for practicing professionals like doctors, lawyers, and accountants. With flexible structures, these loans support business setup, clinic expansion, or working capital needs.

Pre-Owned Car Loans

Poonawalla Fincorp Limited supports individuals looking to purchase used cars through structured loans that require minimal down payment and provide competitive interest rates, making vehicle ownership more accessible.

Business Loans

For micro, small, and medium enterprises, Poonawalla Fincorp Limited offers unsecured business loans. These loans serve various needs like equipment purchase, inventory stocking, and working capital, all with fast processing.

Loan Against Property

Customers can also take advantage of high-ticket loans by pledging their commercial or residential property. The funds can be used for education, business expansion, or other large expenses.

Presence and Operational Scale

With headquarters in Pune, Poonawalla Fincorp operates in 18 states and 2 Union Territories. It has a workforce of approximately 2,560 employees, ensuring that its services are accessible across different parts of India.

As of December 31, 2024, the company reported Assets Under Management (AUM) of ₹30,984 crore, which reflects its strong customer base and operational efficiency.

Fast, Paperless, and Digital Experience

A major highlight of Poonawalla Fincorp Limited’s services is its commitment to a digital-first approach. Students can apply for education loans online without physically visiting a branch. The documentation, approvals, and disbursement processes are all digital, reducing delays and increasing ease of access.

This digital structure is especially relevant to students already dealing with multiple formalities for foreign university admissions and visa interviews.

Also Read: Unlocking Global Education: The Power of Collateral-Free Education Loans

Empowering Aspirations Through Financial Inclusion

Overseas education is a dream for many Indian students, but financial barriers often hold them back. Poonawalla Fincorp Limited’s new loan service brings real relief by offering flexible options and instant approvals. With a product designed around the real expenses of studying abroad, the company is helping more students explore international academic opportunities.

This move also contributes to the broader vision of building India’s global academic presence by enabling access through simple, practical finance.

Closing Thoughts

With this entry into the education loan market, Poonawalla Fincorp has made a strong statement. Its new offering brings together high-value loans, non-collateral flexibility, instant sanctions, and end-to-end expense coverage—all in one place.

As the company continues to grow its customer-centric portfolio, this education loan initiative demonstrates its focus on meaningful financial solutions. Backed by the strength of the Cyrus Poonawalla Group and driven by digital innovation, Poonawalla Fincorp Limited is paving the way for Indian students to turn their global dreams into reality.

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