Dewan Housing Finance enters education loan segment
By Neelima Shankar
Feb 8, 2013
Print    Email    RSS   

Non-banking finance company, Dewan Housing Finance Ltd (DHFL) has entered into the education loan segment with ‘Avanse' where it targets to have a education loan portfolio of Rs 200 crore in the first year of operations.

The loans will be provided at an interest rate over and above the base rate which is at 11.50 per cent. Mr. Kapil Wadhawan, Chairman and Managing Director of DHFL said, "We aim to grow at a margin of about 2.5 to 3 per cent targeting a portfolio of Rs 4,000 crore in the next five years".

The new loan segment will focus towards providing education loans for higher studies in engineering, business, management and new age courses like Aquaculture, Photo Journalism, etc.

According to Mr. Wadhawan, education loans business is still untapped by the non-banking entities which provides a large business opportunity with around 3 million students pursuing higher studies annually.

Avanse will be a subsidiary of DHFL with a capital base of Rs 50 crore and it will cover complete cost of education including living and other expenses. The company offers educational loans with minimum loan value being Rs 50,000 up with repayment tenure of up to 10 years.


(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Changing face of education loans
Collateral and co-applicant requirements...
Carnival of Indian Personal Finance Blogs #2
Carnival of Indian Personal Finance Blogs #4
Interest servicing during moratorium...

Where is Dissertation Help India whose email is...
ROPAR: CaℒL Giℛℒ In Kurali 09855660911...
Why Pitampura Tutors (Ph:- 9911742311) & Private...

Banks to look forward to hire students from IIT/IIM Feb 18, 2015
Union Bank of India hiring for the post of specialist officers Feb 16, 2015
Canara bank launched scholarship Scheme Feb 13, 2015
AXIS bank started ‘My idea of progress’ Campaign Feb 12, 2015
RBI inviting applications for the guard post Feb 11, 2015
News Archive