lender_profile // poonawalla-fincorp
Poonawalla Fincorp Education Loan
Poonawalla Fincorp is a nbfc on the Path Navigators education-loan panel, funding overseas and domestic study with collateral-free lines.
type
NBFC
secured rate
NA
unsecured rate
11.25% – 14.5%
max secured
NA
max unsecured
₹50 L
rating
4.0
key_terms
- Collateral-free lending — no property or FD pledge required
- Unsecured band 11.25%–14.5% for eligible profiles
- Processing fee Up to 2% + GST, margin money Nil
- Moratorium: Course + 6 months — repay after the course plus grace period
eligibility
- · Indian citizen (or eligible NRI) with a confirmed or conditional admit
- · Co-applicant with a stable income and healthy CIBIL score (700+ preferred)
- · Course must be a recognised full-time programme at an approved institution
- · Applicant age typically 18–35 at the time of sanction
documents
- · KYC of applicant and co-applicant (PAN, Aadhaar, address proof)
- · Academic records: 10th, 12th, degree marksheets and certificates
- · Test scores (IELTS / TOEFL / PTE / GRE / GMAT)
- · Admission or conditional offer letter with fee structure
- · Co-applicant income proof: 3 years ITR, 6 months bank statement, salary slips
- · Collateral papers where a secured loan is applied for
processing fee
Up to 2% + GST
margin money
Nil
moratorium
Course + 6 months
sanction time
5–10 working days from complete file
expenses_covered
Tuition and university feesLiving expenses and accommodationAirfare and travelLaptop, books and study materialHealth insurance and exam/visa fees
Co-applicant requirement: Parent, sibling, spouse or close relative. Indicative bands published by the lender; the final offer depends on profile, collateral and co-applicant credit.