Mumbai, September 1, 2014: Avanse Education Loans (Avanse), a new age education finance company, has announced its foray into lending for educational institutions, towards fulfilling their expansion and growth plans. In addition to providing education loans to students to pursue their career aspirations, the company now also funds educational institutions such as universities, colleges, schools, pre-school, coaching classes amongst others for expansion.
Mr Neeraj Saxena, CEO, Avanse Education Loans, said, “I am pleased that in addition to providing financial access to students, we are also looking at enabling better educational infrastructure in India, with this institutional lending business. Lending under this category could be for adding infrastructure such as buildings, libraries, laboratories, amongst others. The ticket size of such loans would be in the range of Rs. 50 lakh to Rs. 5 crore.''
Avanse becomes the first dedicated education finance company in India to venture into lending for educational institutions, towards their expansion plans.
The company has been offering students flexible education loans for undergraduate and advanced education programs, of upto 100% of all expenditure including living spends (especially if they are travelling for overseas studies). Avanse does not only provide education loans but also other value-added services/benefits for easing student challenges. Some of these services include telecom services, travel assistance & insurance, personality and etiquette training, ISIC student card, luggage shopper discounts, and flight/baggage discounts.
Besides providing education loans for postgraduate (both in India and overseas) and undergraduate courses, the company also funds new age courses like photography, music, image consulting etc.
Avanse is an Associate Company of Dewan Housing Finance Corporation Limited (DHFL), India’s second largest private housing finance company, set up in conjunction with the International Finance Corporation (IFC), an arm of the World Bank. IFC holds 20% equity stake in Avanse.
About Avanse Education Loans:
Avanse Education Loans, a new age education finance company is an Associate Company of Dewan Housing Finance Corporation Limited (DHFL), India’s second largest private housing finance company. The International Finance Corporation (IFC), an arm of the World Bank holds 20% equity stake in Avanse. Avanse is a Non-banking Finance Company (NBFC) and is regulated by the Reserve Bank of India. The company was conceived with the aim to enable financial access to deserving students, thus enabling every student to pursue their right to advanced education of their choice. 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. The essence of the brand has thus been distilled and well encapsulated in the tagline: “Aspire Without Boundaries”.
Avanse provides financial assistance through Avanse standalone offices and also through the DHFL network offices. The company funds students travelling to all key international advanced education destinations including US, UK, Australia etc. With Avanse’s efficient servicing network established across the world, servicing students in their overseas destinations is a differentiator for the company. The company has been enabling access to easy and fast funding for aspiring students who wish to study overseas.