Avanse Education Loans Launches “Swalaksh” To Commemorate Women’s Day
First
Dedicated Education Finance Product in the private sector offering 5%
Scholarship Structured for Girls Pursuing UG and PG Education
Mumbai, March 07, 2017: Avanse Education Loans (Avanse), a new
age education finance company and an affiliate company of DHFL, announced the launch of “Swalaksh”
–
A unique product that offers 5 % scholarship based on the tuition fee,
to girls who are keen to pursue undergraduate and post graduate
education across any
preferred segment. The product is an industry-first within the private
sector that will translate into a cashback advantage for students on
successful completion of the identified course. This scholarship will be
available to girl students who avail of an
education loan from Avanse across India, that are offered at very
competitive interest rates.
This
endeavour reiterates Avanse’s vision of enabling education finance to
seeking students who are academically inclined. This is one of the most
unique products in
the education finance space that aims to help students to continue
higher education, work towards a career option of their choice and
foster an academically empowered environment within the country.
A girl student
with an inclination to study further, in addition to the credibility of
the college and course, will be eligible to apply for the scholarship
anywhere
in India as well as overseas. For instance, based on a tuition fee of
Rs. 20 lakh for any global institution, “Swalaksh” product will offer a
5% scholarship or Rs. 1 lakh cash back advantage, on completion of the
course. This benefit becomes more compelling
since it is over and above the competitive interest rates and flexible
repayment plans, offered by Avanse Education Loans.
Around
this development the company said, “The quantum of girls pursuing under
graduate and post graduate education has been reflecting good growth.
The launch of our
product “Swalaksh” to commemorate Women’s Day is an endeavor to ensure
continuation and sustenance of this positive trend. This product is to
support girl students who are keen to further their interest in chosen
fields and universities in a hassle free manner
anywhere in India and globally.
About 25% of
Avanse’s total loan portfolio comprises interest from academically
inclined girls. The launch of “Swalaksh” is also in alignment to the
Government’s active
support towards education for girls with several key initiatives
undertaken to uplift the education sector specifically like the ‘Beti
Bacaho / Beti Padhao and Vidyalakshmi, STEP Scheme and NPEGEL
initiatives. Our brand complements the education sector and
engages with students and educators to metamorphose financial solutions
that are new age and tailored for specific needs.”
Since
its inception, Avanse has addressed to the growing need of holistic
education finance for aspiring students and has been committed in
fulfilling dreams of young
India. Over and on top of funding streams like Engineering, Science,
Technology, Management, Medicine, Health, Humanities, etc at the
graduate (Masters’) as well as Undergraduate (Bachelors’) level, Avanse
also provides 100% education finance to students applying
for niche courses like Music, Dance, Image Consulting etc. With a
hassle free education loan process, Avanse strives to approve the loan
in a maximum of four days and provide loans upto 100% of the application
amount, even as high as Rs 1 crore. Avanse provides
students with flexible repayment plans, with repayment tenure up to 10
years (120 months) minimizing the burden on the student.
Regards,
Aparna Nair
Senior Executive Corporate Communications & PR.
Dewan Housing Finance Corporation Ltd.
HDIL Tower, Ground Floor, Anant Kanekar Marg, Bandra (East), Mumbai - 400 051.
T: 91 (022) 71583413 | Mobile No. +91 9664638547 | Fax: (022) 2658 3344 |
Email :
aparna.nair@dhfl.com
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