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Poonawalla Fincorp Launches Education Loan Up to Rs.3 Crores
New Delhi [India], March 10 : Poonawalla Fincorp, a non-banking finance company, recently announced its entry into the education loan market. The financial solution is focused on providing loans for students pursuing higher education in foreign universities. This new announcement includes the industry-first initiative of providing instant sanction for education loans of up to ₹75 […]
New Delhi [India], March 10 : Poonawalla Fincorp, a non-banking finance company, recently announced its entry into the education loan market. The financial solution is focused on providing loans for students pursuing higher education in foreign universities. This new announcement includes the industry-first initiative of providing instant sanction for education loans of up to ₹75 lakhs for students.
Why This Matters to Students and Parents
The education loan announced by Poonawalla Fincorp Limited offers the option of taking the loan with or without the need for collateral. Students can avail of loans up to ₹1 crore without collateral. Loans up to ₹3 crore, available with collateral, will cover tuition fees, travel expenses, books, and insurance reimbursements for students as well as co-applicants. This process ensures hassle-free approvals.
