Pune: Poonawalla Fincorp Limited (PFL), the consumer and MSME-focused NBFC arm of the Cyrus Poonawalla Group, has launched its education loan business, targeting students aspiring for higher education abroad. The new initiative aims to offer a technology-driven, hassle-free financing experience with a focus on quick approvals and faster turnaround times.
As part of this launch, PFL has introduced an industry-first feature of instant sanctions for education loans up to ₹75 lakh, enabling faster decision-making and removing financial hurdles for students and parents.
Key Features of PFL’s Education Loan Offering
Loans up to ₹3 crore with collateral, covering tuition, accommodation, travel, books, and insurance.
Loans up to ₹1 crore without collateral, providing greater flexibility to borrowers.
Instant sanction facility for loans up to ₹75 lakh, ensuring quick processing.
Competitive interest rates, making overseas education more financially accessible.
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.”
Tapping into a Growing Market
With India’s increasing emphasis on global education, the education loan segment has witnessed robust growth. PFL sees this as a strategic expansion opportunity and aims to establish itself as a trusted financial partner for students and their families. The company has also collaborated with educational counselors across India to ensure personalized financial assistance.
This initiative aligns with PFL’s broader strategy to expand its financial solutions portfolio, following its recent launch of digital prime personal loans for salaried professionals. The company remains committed to a risk-first approach, focusing on simplified lending, customer-centric innovation, and enhanced financial accessibility.
