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Poonawalla Fincorp Launches Education Loan Partnership with IDP to Assist Study Abroad Plans

Poonawalla Fincorp Limited, an NBFC promoted by the Cyrus Poonawalla Group, has launched a strategic partnership with IDP Education, a leading player in global academic guidance. This partnership is designed to ease the financial burden faced by Indian students who aim to pursue higher education overseas. With a digital-first approach, Poonawalla Fincorp Limited's aims to make the education loan process smoother and faster.

Students applying through IDP’s platforms will now be able to access education loans that cover all necessary costs associated with studying abroad, from tuition to travel and accommodation.

Poonawalla Fincorp


Reaching Students Across India

The tie-up ensures that students across India can benefit from this service via IDP’s widespread presence. With over 77 offices in 63 Indian cities and a growing digital platform, IDP already assists more than one lakh students each year in securing admissions in top international universities in countries like Australia, the UK, Canada, and the US.

Poonawalla Fincorp’s education loan products will now be available through these channels, giving students a more integrated experience when planning their education journey.

Also read - Poonawalla Fincorp and IDP Education Partner to Facilitate Overseas Education Financing

Speed and Flexibility Built Into the Offering

A highlight of this new offering is the promise of instant sanctions for loans up to ₹75 lakh. This feature eliminates the long waiting periods that are often a pain point in education financing. Additionally, loans of up to ₹1 crore can be accessed without collateral, while students requiring up to ₹3 crore in funding will have to submit collateral.

This structure allows for flexibility, catering to a variety of academic needs depending on the destination country, course type, and personal circumstances.

Senior Leadership on the Intent Behind the Initiative

Vikas Pandey, who serves as the Chief Business Officer for Consumer Finance and also heads Digital Marketing at Poonawalla Fincorp, mentioned that India's role in the global education space is growing rapidly. He said that this partnership is about enabling smoother financial experiences for students and their families and is part of a larger plan to create a more efficient support system for education.

Piyush Kumar, Regional Director for South Asia and other regions at IDP, said that students today are not just thinking about university names but also long-term gains and financial stability. The need for a reliable financing partner, he said, has never been greater. This partnership with Poonawalla Fincorp is positioned to deliver on that need.

Also read - Poonawalla Fincorp and IDP Education Partner to Simplify Overseas Education Financing

Research Supports the Need for Faster Financial Solutions

According to an IDP study, 66 percent of students cited finances as their top concern while considering studying abroad. This statistic underscores the need for services that reduce delays and offer faster loan disbursements. The Poonawalla-IDP tie-up directly addresses this gap by combining wide student outreach with a tech-enabled lending model.

Students can now make quicker decisions and plan their academic future without being held back by financial uncertainty.

Poonawalla Fincorp’s Bigger Entry into the Education Loan Market

Separately, Poonawalla Fincorp has announced its broader entry into the education loan segment. The company now offers loans up to ₹3 crore for international studies, making it one of the more flexible providers in this space. What sets the offering apart is the digital infrastructure supporting quick sanction and disbursal.

Arvind Kapil, Poonawalla Fincorp’s MD and CEO, stated that education must be seen as an investment, not a burden. He emphasized that no student should miss out on an opportunity because of funding issues. He also highlighted that the financing will extend support to co-applicants, often parents, who share the financial load of higher education.

Also read - Poonawalla Fincorp Strengthens its Commitment to Students with Education Loans for Overseas Aspirants

A Forward-Focused Model for Student Financing

This partnership between IDP and Poonawalla Fincorp sets a new benchmark in the way education loans are delivered. It places a strong emphasis on digital solutions, simplified documentation, and immediate approvals, all of which are crucial for students managing tight timelines for admissions and visa applications.

The timing of this move aligns with rising international enrollments, making it an important development for Indian students and their families.

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