Poonawalla Fincorp shares edge higher after THIS business update. Do you own?

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Stock Market Today: Poonawalla Fincorp shares edged higher in the morning trades on Monday after it announced a business update. Poonawalla Fincorp announced its foray in to the education loan business.

Poonawalla Fincorp share price opened at 290 on the BSE on Monday. This opening price was higher than previous days closing price of Poonawalla Fincorp shares at 288.25. The Poonawalla Fincorp share price edged hgher to 293.30 levels on Monday which translated in to 1-2% gains

Poonawalla Fincorp business update

Poonawalla Fincorp on Monday 10 March 2025 announced its Foray into Education Loans Business, Offers Financing up to 3 Crore’

The Press release issued by the Company on the exchanges highlighted that , has launched an education loan business focusing on students pursuing higher education in international universities. Poonawalla Fincorp Limited, a Cyrus Poonawalla Group promoted NBFC arm focused on Consumer & MSME Lending, said that the offering aims at providing faster turnaround time and quick sanctions to deliver hassle-free experience.

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 , as per Poonawalla Fincorp is available to both new and existing Poonawalla Fincorp customers.

Commenting on the launch, Arvind Kapil, Managing Director & CEO of Poonawalla Fincorp, in a statement said, “Education is the most powerful investment in the future, and finance should never be a barrier to ambition. With our education loan solutions, we are committed to empowering students to access world-class learning opportunities and build a brighter tomorrow.

Poonawalla Fincorp Education Loan- Key details

Loan up to 3 Crore with collateral: This Covers tuition, living, travel, books, and insurance premiums for students and co-applicants, with hassle-free approvals

For Loan up to 1 Crore, Option are available with zero collateral

Instant Sanctions: An industry-first initiative for loan up to 75 Lakh, ensures faster decision-making process

Interest Rates: Poonawalla Fincorp highlighted that it is offering competitive interest rates, making financing more accessible for all students planning to study in international universities

Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.



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