Poonawalla Fincorp (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 at providing faster turnaround time and quick sanctions to deliver a hassle-free experience.
As part of this launch, the company has also announced an industry-first initiative of providing instant sanction for education loans. This seamless, technology-driven financing experience is available to both new and existing PFL customers.
The offering provides:
- 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 ₹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.
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.”
