Edufi Financial Services Launches ‘Study Now Pay Later’ Initiative to Support Low-Income Students in Pakistan

Islamabad, Edufi Financial Services (Pvt) Limited introduced its Study Now Pay Later (SNPL) initiative today, designed to assist low-income students achieve their educational aspirations through financially accessible means.

According to Ministry of Information and Broadcasting, the initiative follows the granting of a Non-Banking Financial Company (NBFC) license by the Securities and Exchange Commission of Pakistan (SECP) to Edufi Financial Services. The SNPL program aims to diminish the dependency on costly commercial student loans by offering tailored financial aid through an innovative digital platform.

The company plans to enhance the education loan management system in Pakistan with a user-friendly digital interface that simplifies the application process and provides flexible repayment options to accommodate the financial situations of individual students.