Poonawalla Fincorp Limited (PFL), a leading NBFC under the Cyrus Poonawalla Group, has introduced an education loan business catering to students aiming for higher education in international universities. This new offering ensures a seamless, technology-driven experience, enabling faster loan approvals with minimal hassle.
What sets this initiative apart is the introduction of instant sanctions, an industry-first feature for loans up to INR 75 lakh. With quick decision-making and hassle-free processing, students and parents can now secure funding without delays. PFL offers loans up to INR 3 crore with collateral, covering tuition fees, living expenses, travel, books, and insurance premiums. For those looking for a zero-collateral option, loans up to INR 1 crore are available. Additionally, competitive interest rates make these loans accessible to a wider audience.
Speaking on the launch, Mr. Arvind Kapil, Managing Director & CEO of Poonawalla Fincorp, stated, “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.”
