Avanse Financial Services Ltd. (Avanse) has launched ‘SWALAKSH’, a specialised education loan tailored for female students aspiring to study abroad. This initiative aims to empower more women by providing financial support and exclusive benefits, reinforcing Avanse’s commitment to fostering higher education for women.
With this unique offering, Avanse is extending the following benefits to female students pursuing international education:
- Interest Rate Benefit: A 0.25% concession on loan interest rates.
- Affordable Processing Fee: A flat INR 10,000 processing charge.
- Merit-Based Rewards: Students with an academic score above 80% are eligible for benefits worth INR 10,000.
- Performance-Based Incentives: An additional INR 10,000 for students maintaining a CGPA of 3.5 at the end of their course.
- EMI Waiver: The last 12 EMIs of the repayment structure will be waived.
Avanse has consistently championed women’s empowerment through education financing. As of March 31, 2024, nearly 30% of Avanse-funded students were women, and the company aims to increase this share further. In alignment with this mission, Avanse has launched the #StartYourStory campaign across social media platforms, encouraging female students to take charge of their academic journey.
Speaking on this initiative, Amit Gainda, Managing Director & CEO, Avanse Financial Services, stated:
“To celebrate International Women’s Day and to salute the power of womanhood, we have designed this special product for female aspirants so that they can pursue their overseas higher education independently. At Avanse, we firmly believe that education is one of the most powerful tools for empowerment. This product offering reinforces our commitment to empowering female students to fulfil their higher education dreams.
Also Read | Prodigy Finance Secures $310 Mn from DFC to Expand Social Impact in Education Loans
He further emphasized India’s growing focus on gender parity in STEM (Science, Technology, Engineering, and Mathematics) fields, aligning with the government’s vision to drive national development by 2047.
With ‘SWALAKSH,’ Avanse Financial Services reaffirms its dedication to providing financial access and opportunities to women, fostering an inclusive and educated future for India.
Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/
