The market is expected to register a market growth of 44% in terms of loans disbursed in 2026 with market players expanding their segment horizons, says a report by Ken Research
1. “A massive market:” The market has presence of large number of players with massive investments
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The EduFin Market in India has players divided into NBFC, Banks & Fintech Companies. Education financing options are available from leading Indian banks to assist students in achieving their academic goals. Interest rates for an education loan with a payback term of up to 15 years start at 6.6% (only for offline education) per year. NBFCs offer education loans to a wider category of offbeat courses across different colleges. NBFCs cover 100% of the total educational expenses including travel fees, tuition fees, exam fees etc without any margin money. Interest rates offered by NBFCs are higher than the PSU Banks ranging between 11-28%.
2. “Versatile in Terms of Target Audience:” The Edufin Market has a large target group that provides a good opportunity for market players
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The Ed tech market is divided into K-12, Test Preparation, Online Higher Education & Upskilling. The fee structure depends on the need & course requirement. For instance, The K-12 segment has an average course expenditure of INR 43,000 while the test preparation segment has an average course expenditure of INR 41,000. The need arises out of the wide range of students who have working parents, requirement for competitive examinations & upskilling for job interviews.
3. Entry of new players is expected in the years to come as a result of wide number of opportunities.
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Entry of new startups in the EduFin sector is likely to be witnessed, backed by debt financing from VC firms. Tie-ups with EdTech companies is expected to create a stronghold in the industry. Moreover, the emergence of FinTech companies in the education sector will augment the spread of digitization in the country by promoting more and more people to embrace high-quality education. The digital finance has witnessed expansion in the sector despite the devastating impact of Covid-19 pandemic on the country’s economy. While the pandemic has accelerated the acceptance and adoption of digital financing as compared to pre pandemic stage but the fine line between FinTech and banks is slowly blurring. Many companies are in the process of launching their credit card for learners and students and aims to become the go-to financing solution for learners in all categories (K-12, upskilling/skilling, online higher education, as well as test preparation). All in all, the market is expected to register a robust CAGR of 44%.
