The Finance industry was one among the firsts to combine
technology with managing finances. Adoption of technology by financial industry
has made them more efficient and profit making. Fintech startups started to
take a firm place in this world, owing to their skillful use of technology and
thus making them more efficient than banks and public finance services. India
has also seen rise of many Fintech companies. Eduvanz is one of the many Fintech Companies in India. It is a non
banking finance startup founded by Varun chopra in 2016. They provide unsecured
education loans to students who are aspirants in up skilling courses. They are
the acclaimed breaker of stereotypes where they encourage students of creative
courses instead of traditional courses.
There are number of other Fintech Companies in India. Eduvanz, which is a Mumbai based
Fintech Company is recently known to have raised $ 2 million (which is
equivalent to Rs. 13 crore) from Unitus Ventures and the Michael and Susan Dell
foundation. This is quite a landmark in the development of the company in
making a strong foothold in the financial world.
The
satisfied loan applicants have always expressed how easily they can apply for
loans at a very affordable rate of interest without any hassle of visiting the
main office. The entire process of loan application is online and paperless.
The loans are quickly disbursed within few days of application which attracts
many customers. . Unlike general banks that provide education loan after
overcoming big hassle of procedure and a pyramid of hierarchy, the loans takes
a long time to be issued. But at EduVanz, the rate of interest for education
loan is low and is issued at the earliest possible without the hassle of
providing bunch of documents and as said above, even without actually visiting
the concerned office.
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