IDP Education and Poonawalla Fincorp Partner to Make Study Abroad Loans Faster and Simpler

Poonawalla Fincorp, a leading non-banking financial company promoted by the Cyrus Poonawalla Group, has entered into a strategic partnership with IDP Education, a global leader in international student placements. The aim of this partnership is to provide Indian students with fast, seamless, and entirely digital education loans, easing their financial concerns while planning for higher studies abroad.

This step addresses a critical challenge for many students—arranging funding in time for international education. The collaboration is designed to remove delays and make the process more integrated.

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Education Loans Available Across India via IDP

Indian students using IDP Education’s services to apply for international universities will now be able to access education loans directly from Poonawalla Fincorp. These loans cover a wide range of expenses, including tuition, accommodation, travel, and living costs.

The service will be accessible via IDP's digital platforms and its network of 77 offices located in 63 cities across the country. The collaboration also grants Poonawalla Fincorp exclusive rights as IDP’s official financial partner, offering instant loan approvals and digital loan solutions tailored for education.

Leadership Endorsements on the Tie-Up

Vikas Pandey, Chief Business Officer – Consumer Finance and Head of Digital Marketing at Poonawalla Fincorp Limited, emphasized the scale of India’s contribution to global education. “India is rising as a key global contributor in education. Our goal through this partnership is to build systems that support this scale and meet the real-time needs of students.”

He highlighted that this initiative is not only for individuals but to help develop a more trustworthy and effective education loan system across the country.

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Students Now Choose with Future ROI in Mind

Piyush Kumar, Regional Director – South Asia, Canada, Latin America and Mauritius at IDP Education, shared that today’s students look at long-term factors like job prospects, return on investment, and financial planning when selecting courses and countries.

He stated that lenders and advisors alike must adapt to these evolving expectations. Kumar noted that Poonawalla Fincorp’s understanding of digital finance and urgency in disbursing loans made it the right partner for IDP in India.

Affordability Still a Top Concern

A recent IDP Education survey revealed that 66% of Indian students cited financial limitations as a top concern when applying to study abroad. This partnership is built to directly respond to that concern by ensuring that education loans are disbursed without delay or complication.

By eliminating inefficiencies and connecting financial support with the admission process, Poonawalla Fincorp and IDP are aiming to reduce stress and uncertainty for families.

IDP’s Strong Network Supports Implementation

IDP Education currently helps over one lakh Indian students each year to gain admission to leading universities in countries such as Australia, the UK, Canada, the US, Ireland, and New Zealand. The organization has 800+ partnerships with top academic institutions globally.

With Poonawalla Fincorp integrated into the application process, students can benefit from a one-stop solution that combines admissions and financing. The result is a simplified journey that aligns better with student needs.

Also read - Poonawalla Fincorp Joins Hands with IDP Education to Streamline Overseas Education Loans

A Focused Approach to Education Lending

This partnership aligns with Poonawalla Fincorp’s ongoing strategy to reach more Indian families with relevant financial products. The company follows a risk-first approach and focuses on building digital infrastructure to improve accessibility.

This move further strengthens its presence in the education loan space and contributes to its goal of becoming a go-to brand for aspiring students and their families.

Conclusion

Poonawalla Fincorp and IDP Education’s collaboration is a timely and student-focused initiative. With access to instant education loans now embedded within IDP’s admission support services, students can apply with greater confidence and less stress. Together, the two organizations are making it easier for Indian students to fulfill their global education dreams.