Avanse forays into student loans

Avanse Education Loans (Avanse) announced its foray into lending for educational institutions, such as universities, colleges, schools, pre-schools and coaching classes, among others, for expansion. This is in addition to providing education loans to students, the company said in a statement. Neeraj Saxena, CEO, Avanse Education, said, “Lending under this category (institutional lending) could be for adding infrastructure, such as buildings, libraries and laboratories, amongst others. The ticket size of such loans would be in the range of ₹50 lakh to ₹5 crore.” Besides providing education loans for post graduate (India and overseas) and undergraduate courses, the company also funds new-age courses like photography, music, image consulting etc, the statement added.