Avanse Financial closes first securitisation of education loans

Mumbai: Education-focused NBFC, Avanse Financial Services, and fintech marketplace, Vivriti Capital, on Wednesday closed first securitisation of education loans in the country amounting to Rs 108 crore. [caption id=“attachment_4269047” align=“alignleft” width=“380”] Avanse Financial closes first securitisation of education loans. Reuters image.[/caption] “For the education sector, such deals could go a long way in aiding the growth of the industry,” Avanse Financial Services chief executive, Amit Gainda, said in a release. Avanse Financial Services is the NBFC arm of Wadhawan Global Capital and an associate company of DHFL. It lends to students and to educational institutions. Chennai-headquartered Vivriti Capital addresses debt requirements of its target clientele comprising financial institutions, corporates, small enterprises, and individuals that lack efficient access to financial services.