Education sector-focused non-banking financial company, Avanse Educational Loans, is aiming at a five-fold jump in its higher education loans this year at Rs 250 crore, up from Rs 50 crore last year.
Avanse, which is an arm of NBFC housing lender DHFL, said it planned to reach out to 2,500 students pan-India this year as against 600 it catered to last year.
According to it, the market size of higher education loans in the country is Rs 80,000 crore (both domestic and overseas), and was growing at 18 per cent every year.
The company today announced the launch of '5 Benefit Pack' in the Andhra Pradesh market for outbound students availing of its education loans.
The pack includes special telecom services, travel assistance and insurance, personal and etiquette training, luggage shopper and flight/ baggage discounts.
Avanse, which is an arm of NBFC housing lender DHFL, said it planned to reach out to 2,500 students pan-India this year as against 600 it catered to last year.
According to it, the market size of higher education loans in the country is Rs 80,000 crore (both domestic and overseas), and was growing at 18 per cent every year.
Also Read
The company said it was in the process of approaching banks for funding requirements. Neeraj Saxena, CEO of Avanse, said, "We have the potential to leverage around Rs 300 crore under the NBFC category."
The company today announced the launch of '5 Benefit Pack' in the Andhra Pradesh market for outbound students availing of its education loans.
The pack includes special telecom services, travel assistance and insurance, personal and etiquette training, luggage shopper and flight/ baggage discounts.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%