Tag: Digital Lending for Parents

Eduvanz Launches Digital Lending for Parents to Pay K-12 School Fees

Eduvanz Launches Digital Lending for Parents to Pay K-12 School Fees

Banking, Finance, Insurance, News
Eduvanz, a fintech Non-banking Finance Company (NBFC) that enables students to Study Now, Pay Later at 0% interest rates has launched Digital Lending for parents at Zero Cost to pay their ward's school fees. Eduvanz helps parents to convert school fees into easy and simple subscription-based Zero Cost EMIs with the benefit of repayment in 3 months to 9 months without any processing fee. An amount of Rs 300 crore will be disbursed during the next 3 years. The K-12 edtech market in India is projected to be worth $1.7 billion by 2022, up more than six-fold from $265 million in 2019. Varun Chopra, CEO and Co-Founder of Eduvanz said, “After a survey conducted involving 10,000+ parents, we understood that there is requirement for a product that could make finance easier fo...