TechFino Capital disburses over INR 15 crore in education loans per month – India Education | Latest Education News | World Education News

New Delhi: TechFino Capital Private Limited (TechFino), a registered NBFC, disburses in INR 15 crores education loans per month. Among which, the improvement and certification programs are very promising for the future. TechFino is committed to providing defined short-term consumer loans for end use in the education and healthcare segment through a robust technology platform.

TechFino adds around 2,000 quality customers per month, expected to achieve > 3000 in the coming months. More … than 25,000 of loans have been disbursed since the start of their business operations, with a total loan value greater than INR 180 crores. The company has demonstrated exceptional commitment with a collection efficiency of more than 99% and the profitability of the last 24 months. The company has achieved a strong return on equity (ROE) of more than 20% while maintaining solid portfolio quality. Recently, the company disbursed loans worth INR 100 crore across its portfolio in the financial year 2021-22. TechFino’s careful business practices and focus on building a quality portfolio saw lenders come in early, even when they were small. DCB Bank has taken a stake in the company.

In the EDUCATION space, TechFino has partnered with leading education providers, including EdTech companies, and provides unsecured loans to end users for tuition, development and certification programs, test preparations; K12 after school; Coaching and Higher Education. With a presence across India, TechFino works with over 60 education service providers to help extend financing solutions to their learners.

In the HEALTHCARE space, TechFino has partnered with leading companies and healthcare service providers to support treatments related to wellness, elective processes associated with diabetes management, IVF, hair and skin; Dental; and Weight Management Programs, etc.

Speaking about his company’s performance, Rajesh Panda, Co-Founder and Director, TechFino Capitalsaid, “We understand the business, the market and the risks involved in each of our segments, and so it was a conscious decision to build a brand that would play a significant role in helping people achieve their aspirations. Our business practices are focused compliance and risk management is in the DNA of our team.We ensure that our clients can access loans within minutes, with an average TAT of 10 minutes for processing a loan using of our proprietary technology platform, allowing us to do just that.

Known for its customer-centric approach and straightforward lending process, TechFino has over 25,000 borrowers who have fulfilled their aspirations. The company uses a robust, intuitive and fully automated technical platform to simplify the customer lifecycle and partner experience process. The loan approval process is digital and over 80% of it is disbursed on the same day.

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