Poonawalla Fincorp Steps Up with Student Loans for Global Education

Poonawalla Fincorp Limited, a non-banking finance company promoted by the Cyrus Poonawalla Group, has formally entered the education loan segment. This move is aimed at supporting Indian students who plan to pursue higher education overseas. The company is offering tailored loans up to ₹3 crore with collateral and up to ₹1 crore without collateral—marking its serious entry into a space that demands both scale and speed.

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Instant Sanction Feature Brings Relief

Poonawalla Fincorp is setting itself apart by launching an instant sanction facility for education loans up to ₹75 lakh, a feature not commonly seen in this segment. With student timelines getting tighter each year due to university deadlines and visa schedules, such a move significantly eases the financial process for families.

These loans will cover a full spectrum of study-related costs, including tuition, accommodation, air travel, books, and insurance. It’s a complete solution for students preparing to study in countries where the cost of education can quickly add up.

Digitally-Driven and User-Centric Approach

Recognizing the urgent nature of education funding, Poonawalla Fincorp has built a tech-enabled platform that allows students to access funds quickly. The system minimizes paperwork, speeds up turnaround time, and delivers an efficient experience suited for today’s tech-savvy youth.

To further bridge the information gap, Poonawalla Fincorp has tied up with a nationwide network of educational advisors and finance professionals. These experts are equipped to help students and co-applicants make informed decisions and pick loan products that match their goals and repayment capacity.

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Backed by Experience and National Footprint

Although the education loan is a fresh offering, Poonawalla Fincorp’s entry into the space comes with a strong foundation. Registered with the RBI as a systemically important NBFC and headquartered in Pune, the company has nearly 30 years of experience in the financial services industry. It is also listed on both BSE and NSE.

As of December 31, 2024, Poonawalla Fincorp had reported assets under management (AUM) of ₹30,984 crore. It currently operates in 18 states and two Union Territories and employs over 2,560 staff members. Its product portfolio spans various categories, including personal loans, business financing, pre-owned car loans, machinery loans, and loans against property. The introduction of education loans is in line with its expansion strategy.

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Serving a Growing Demand

The education loan market in India is seeing considerable growth, with more students setting their sights on universities abroad. However, access to funds—especially large-ticket loans—is often a limiting factor. Poonawalla Fincorp’s new offering directly tackles this issue by ensuring that funds are available quickly, and through a process that’s both simple and transparent.

By delivering a range of options, digital application tools, and timely sanctions, the company is aligning its product with real student needs. Its risk-first lending model adds a layer of safety while still keeping the experience smooth and responsive.

Conclusion

With its entry into the education loan segment, Poonawalla Fincorp is extending support where it truly matters—at a life stage that defines futures. This isn’t just another product; it’s a step toward changing how financing works for students in India.