A digital-first NBFC with quick turnaround, flexible co-applicant norms and unsecured structures for eligible courses. Useful when timelines are tight or collateral is not available.
Typically 1–2% of the sanctioned amount plus taxes
Prepayment
Allowed after the lock-in period as per lender policy
Lender type
NBFC
Loan products offered by Poonawalla Fincorp Education Loan
A breakdown of the loan structures this partner typically offers, who each one suits, the security expected and how the pricing compares. Your counsellor will confirm which product fits your course, institution and co-applicant profile.
Product 1
Digital collateral-free education loan
Students with tight visa timelines and no property to pledge.
Fast digital processing and quick in-principle decisions
Unsecured options for eligible courses and institutions
Flexible co-applicant profiles including self-employed families
Pre-visa sanction letters for overseas applications
Considerations
Rates are higher than public-sector bank schemes
Processing fee applies on sanction
Course and institution list drives unsecured eligibility
Application process
Share your course, country and co-applicant profile
ShikshaVahini checks course-list and unsecured eligibility
Upload documents digitally for credit assessment
Receive sanction letter for visa or admission use
Agreement signing and disbursement per fee schedule
EMI calculator for Poonawalla Fincorp Education Loan
Pre-filled with this lender's indicative starting rate. Adjust the amount, course duration and tenure to see the monthly instalment after your moratorium.
₹25 lakh
11.00% p.a.
2 years
6 months
10 years
Indicative starting rate for Poonawalla Fincorp Education Loan. Your sanctioned rate depends on your profile, collateral and the lender's spread.
This calculator is an estimate. It assumes a fixed rate and equal monthly instalments. Actual EMIs depend on your lender's rate reset policy, interest capitalisation method, fees and disbursement schedule.
Frequently asked questions
Rates, fees and terms are subject to lender policies, scheme changes and your applicant profile. ShikshaVahini does not guarantee approval or any specific rate.
Not sure which lender fits your profile?
Share your course, country and collateral position. A ShikshaVahini counsellor will walk you through realistic options.
