Poonawalla Fincorp Powers Study Abroad Dreams with Loans Up to Rs 3 Crores
Tuesday, 11 March 2025, 09:53 IST
Poonawalla Fincorp, a leading non-banking finance company, has announced its entry into the education loan sector with a comprehensive solution for students aspiring to study abroad. The offering includes instant loan sanctions of up to Rs 75 lakh and flexible financing options tailored to ease the financial burden on students and their families.
Flexible Loan Options for Global Education
The newly introduced education loan allows students to borrow up to Rs 1 crore without collateral, while loans up to Rs 3 crore are available with collateral. The loan covers tuition fees, travel expenses, books, and insurance reimbursements for both students and co-applicants, streamlining the financing process with hassle-free approvals.
Poonawalla Fincorp aims to make overseas education more accessible by offering attractive interest rates, ensuring students can focus on academics without financial stress. Both new and existing customers of the company can benefit from this offering.
CEO’s Vision for Empowering Education
Arvind Kapil, CEO and Managing Director of Poonawalla Fincorp, emphasized the importance of financial support for education, stating, “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”.
Strategic Growth and Industry Collaboration
The company’s entry into the education loan space aligns with its strategy to diversify its product portfolio. Poonawalla Fincorp has partnerewith education counselors and industry professionals across India to provide personalized financial solutions, enhancing customer experience and expanding its reach to more families.
This launch follows the company’s recent introduction of the Prime digital loan for salaried customers, which provides up to ₹15 lakh in just 15 minutes. With these strategic initiatives, Poonawalla Fincorp continues to strengthen its position as a versatile financial solutions provider.
Flexible Loan Options for Global Education
The newly introduced education loan allows students to borrow up to Rs 1 crore without collateral, while loans up to Rs 3 crore are available with collateral. The loan covers tuition fees, travel expenses, books, and insurance reimbursements for both students and co-applicants, streamlining the financing process with hassle-free approvals.
Poonawalla Fincorp aims to make overseas education more accessible by offering attractive interest rates, ensuring students can focus on academics without financial stress. Both new and existing customers of the company can benefit from this offering.
CEO’s Vision for Empowering Education
Arvind Kapil, CEO and Managing Director of Poonawalla Fincorp, emphasized the importance of financial support for education, stating, “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”.
Strategic Growth and Industry Collaboration
The company’s entry into the education loan space aligns with its strategy to diversify its product portfolio. Poonawalla Fincorp has partnerewith education counselors and industry professionals across India to provide personalized financial solutions, enhancing customer experience and expanding its reach to more families.
This launch follows the company’s recent introduction of the Prime digital loan for salaried customers, which provides up to ₹15 lakh in just 15 minutes. With these strategic initiatives, Poonawalla Fincorp continues to strengthen its position as a versatile financial solutions provider.
