There is great news for the students
There is great news for the students.
According to the sources, the Securities and Exchange Commission of Pakistan has granted a non-banking financial company license to Adofi Financial Services Private Limited.
The institute is providing the first digital platform for Study Now, pay letter initiatives in Pakistan. Public-Private Partnership is the first initiative to achieve the educational goals established under SIFC.
In order to provide better educational facility to the customers, the Securities and Exchange Commission of Pakistan has recognized various digital loan business models that offer easy loan access facilities.
The introduction of Study Now, Payletter project under the digital loan license is a major step towards getting loans for students using the digital platform.
The initiative aims to reduce funding constraints and reliance on expensive commercial student loans for low-income students by offering financial aid through digital platforms.
Edofi Financial Services, now a pioneer in the sector, is expected to lead the way in transforming education loan management in Pakistan.
The company plans to develop a user-friendly digital interface that will streamline the application process and offer flexible payment plans to suit individual students’ financial circumstances.