Avanse Financial Services, a non banking finance company (NBFC) is aiming payout of 250 crore education loans in the 2014-15 financial year.
June 6, 2014 (Newswire) - Avanse Financial Services, a non banking finance company (NBFC) is aiming payout of 250 crore education loans in the 2014-15 financial year.
According to CEO of Avanse, Neeraj Saxena, the organization is aiming to provide loan to around 2500 students across the nation this financial year as against 600 it catered to last year.. They are also planning to offer loans to schools and colleges for development of education infrastructure from next month.
Avanse with a vision: "To empower the Indian youth in their quest for a better future, by fueling their aspirations through easy access to education finance" is able to give tough competition to its competitor Credila within a span of just one-and-a-half-year.
The company recently launched the 5 benefits education loan package with benefits like no margin money, interest rate starting at 12.75%, 4 days loan sanction, no hidden costs and flexible repayment options.
Avanse is surely living its mission to provide hassle-free and 100% education finance to Indians, to study in India or abroad through customized solutions and flexible repayment plans.
Avanse is a new age educationfinance company. We are an Associate Company of Dewan Housing Finance Ltd. (DHFL), a leading player in the housing finance sphere. Avanse is a Non Banking Finance Company (NBFC) and is regulated by the Reserve Bank of India. The word Avanse has been derived from the French word 'Avance', which means 'to advance'. This meaning has become the cornerstone of the brand promise, which encourages students to chart out the course to their future, without encumbrances or any limits.