Poonawalla Fincorp has launched an education loan business focusing on students pursuing higher education in international universities. As part of this launch, the company has also announced an industry-first initiative
of providing instant sanction for education loans. This seamless, technology-driven financing experience is available to both new and existing PFL customers.
Features of the new education loan:
Loan up to Rs 3 crore with collateral: Covers tuition, living, travel, books, and insurance premiums for students and co-applicants, with hassle-free approvals
Loan up to Rs 1 crore: Option available with zero collateral
Instant Sanctions: An industry-first initiative for loan up to Rs 75 lakh, ensuring faster decision-making process
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