Poonawalla Fincorp Enters Education Loan Market with Up To ₹3 Crore Financing

Poonawalla Fincorp Limited (PFL) has introduced an education loan business aimed at students aspiring to pursue higher education at international universities. 

The initiative promises a seamless, technology-driven experience with faster turnaround times and hassle-free approvals. Notably, PFL has launched an industry-first instant sanction feature for loans up to ₹75 lakh, enhancing accessibility for students and parents.

Key Features of PFL’s Education Loan Offering

• Loan Amounts: Up to ₹3 crore with collateral, covering tuition, living expenses, travel, books, and insurance. Loans up to ₹1 crore are available without collateral.
• Instant Sanctions: A first in the industry, ensuring quick decision-making for loans up to ₹75 lakh.
• Competitive Interest Rates: Designed to make financing more affordable for students studying abroad.

The growing cost of higher education has made financing a crucial aspect of overseas education planning. PFL’s instant sanction facility and collateral-free options offer greater flexibility to students and parents, reducing financial stress and ensuring a smoother transition into global education.

Strategic Expansion into a Growing Market

India’s increasing focus on higher education and student aspirations has fueled growth in the education loan sector. PFL aims to capitalise on this demand by offering tailored financial solutions. The company has partnered with educational counselors and onboarded industry professionals to support students throughout their financial journey.

This expansion aligns with PFL’s broader strategic goal of diversifying its product portfolio. Recently, it introduced a digital prime personal loan for salaried professionals, reinforcing its commitment to innovative financial solutions.

Commenting on the launch, the Managing Director & CEO of Poonawalla Fincorp, Mr Arvind Kapil, 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.”

Conclusion

With a risk-first approach, PFL continues to focus on simplifying lending, enhancing customer experience, and driving financial inclusion. 

On March 10, 2025, Poonawalla Fincorp share price opened at ₹290.00, up from its previous close of ₹288.45. At 11:20 AM, the share price of Poonawalla Fincorp was trading at ₹292.60, up by 1.44% on the NSE.

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