Techfino Receives Term Loan Of Rs 15 Cr From SBI
The 2-year term loan will be used to further build the Education/Ed Tech loan portfolio of the company
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.
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