Avanse Financial closes first securitisation of education loans

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

PTI March 22, 2018 15:10:37 IST
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.

Avanse Financial closes first securitisation of education loans

Avanse Financial closes first securitisation of education loans. Reuters image.

"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.

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