State Bank of India has provided a term loan to Techfino Capital to support their expanding education loan portfolio. The term loan is for Rs 15 crore for a tenure of 2 years.
In FY 2021-22, Techfino disbursed loans worth Rs 100 crore across all of its portfolios. The firm has partnered with Education providers, including EdTech companies and provides unsecured loans to end-users towards School Fees, Upskilling and Certification Programmes, Test Preparations; K12 after-school; Coaching and Higher Education. With a presence across India, TechFino works with more than 60 Education Service Providers to help extend financing solutions to their learners.