Poonawalla Fincorp Introduces Education Loans for Aspiring International Students with Limit Up to ₹3 Crore

Poonawalla Fincorp Limited (Poonawalla Fincorp Limited), a prominent non-banking financial company from the Cyrus Poonawalla Group, has taken a significant step forward by launching a new education loan offering. This service is specifically targeted at Indian students looking to pursue higher studies in foreign universities and aims to remove financial constraints that often become roadblocks in academic journeys.

The announcement underscores Poonawalla Fincorp Limited’s ongoing expansion into consumer lending segments and emphasizes its focus on offering need-based, accessible financing solutions.

High Loan Limits and Quick Approval Options

Under the new offering, eligible students can avail of loans up to ₹3 crore based on their academic plan and destination. The company is offering loans up to ₹1 crore without asking for collateral. For loan amounts above ₹1 crore and up to ₹3 crore, collateral will be mandatory, based on the risk profile and repayment capacity.

A notable highlight is instant loan sanctions for amounts up to ₹75 lakh, allowing students to receive timely confirmation. This speed is crucial during the admission and visa process, when time is of the essence.

Also Read: The New Age of Personal Loan Disbursals: Speed, Simplicity, and Smart Tech

Extensive Expense Coverage for Students and Families

Poonawalla Fincorp Limited’s education loans are structured to handle the complete cost of studying abroad. The loan will not only support tuition fees but will also take care of all critical expenses that a student might face, including:

• Monthly living expenses abroad

• Costs of air tickets and international travel

• Academic books and study essentials

• Insurance coverage for the student and co-applicant

This complete coverage ensures that families do not have to worry about arranging funds from multiple sources, as all major financial needs are addressed under one umbrella.

Also Read: Poonawalla Fincorp: Revolutionizing Retail Lending with Digital Innovation

Reinforcing the Company’s Consumer-First Strategy

The launch comes shortly after Poonawalla Fincorp Limited introduced Digital Prime Personal Loans for salaried individuals—a product designed for fast disbursals through a digital journey. The education loan product follows the same approach of ease, speed, and full digital accessibility, making it convenient for tech-savvy students and their guardians.

Poonawalla Fincorp Limited has made it clear that its goal is to become a comprehensive service provider in retail finance, and the education loan vertical strengthens that position further.

Leadership’s Perspective

Commenting on the launch, Arvind Kapil, the Managing Director and CEO of Poonawalla Fincorp Limited, stated, “Education is the most powerful investment in the future, and finance should never be a barrier to ambition.” His message reflects the company's belief in using financial tools to promote growth and equal opportunity, particularly for India’s youth.

Also Read: Unlocking Global Education: The Power of Collateral-Free Education Loans

Stock Market Shows Confidence

As of the morning of March 10, 2025, Poonawalla Fincorp's shares were trading at ₹290.40, showing a modest increase of ₹1.95 or 0.68% on the NSE. The uptick indicates a positive response from the market, with investors likely factoring in the long-term growth potential of Poonawalla Fincorp Limited’s expanding product offerings.

A Well-Established Portfolio of Financial Services

While education loans are the latest addition, Poonawalla Fincorp Limited already offers a wide variety of financial solutions, catering to individuals, professionals, and small businesses. These services include:

Personal Loans

Unsecured and digital-first, these loans are aimed at salaried individuals who need quick access to funds. They are suitable for various needs including emergencies, vacations, or home-related expenses.

Loans for Professionals

These are structured for medical practitioners, accountants, architects, and other working professionals to support clinic setups, office expansion, or operational upgrades.

Used Car Loans

Poonawalla Fincorp Limited supports pre-owned car buyers with structured loans that come with competitive interest rates and simple approval processes, allowing vehicle ownership without large upfront costs.

Business Loans

Targeting SMEs and MSMEs, these unsecured business loans are designed to meet cash flow requirements, expansion plans, or technology upgrades for enterprises.

Loan Against Property

This product allows property owners to leverage the value of their residential or commercial real estate for larger funding requirements. The funds can be used for business needs, education, or personal goals.

Strong Operational Network and AUM Growth

Headquartered in Pune, Poonawalla Fincorp maintains a presence in 18 states and 2 Union Territories, with a team strength of around 2,560 employees. As of December 31, 2024, the company reported Assets Under Management (AUM) of ₹30,984 crore, which shows its growing scale and robust financial performance.

The company's widespread footprint enables it to serve customers across metro cities and smaller towns, ensuring accessibility and reach.

Easy Digital Process for Students

True to its digital-first philosophy, Poonawalla Fincorp Limited has enabled a completely online loan application and approval process for its education loan service. Students and co-applicants can apply, upload documents, and track loan status entirely online. This level of convenience is crucial for students who may already be juggling application deadlines, document submissions, and travel planning.

Digital tools like loan eligibility checkers and EMI calculators are also available, helping applicants make informed decisions before taking on a financial commitment.

Creating New Pathways for Indian Students

By offering such a well-rounded loan product, Poonawalla Fincorp Limited is helping unlock opportunities for thousands of Indian students who aim to pursue global education but face funding issues. With international tuition and living costs rising steadily, this initiative comes at a much-needed time.

The ease of access, combined with fast sanctioning and full-cost coverage, is expected to make Poonawalla Fincorp Limited a preferred lender in the education finance space.

Conclusion

Poonawalla Fincorp’s entry into education loans marks another step in its journey as a versatile, consumer-driven NBFC. Offering up to ₹3 crore in loans with student-friendly features, the company has positioned itself as a dependable financial partner for students seeking global academic excellence.

This move not only broadens Poonawalla Fincorp Limited’s services but also aligns with its mission of financial empowerment through practical, tech-driven lending solutions. With the backing of the Cyrus Poonawalla Group, the company’s approach to accessible education funding could redefine student financing in India.