Poonawalla Fincorp Limited Partners with IDP Education to Simplify Study Abroad Financing for Indian Students
- Ramakant Ranade
- 2 days ago
- 3 min read
Poonawalla Fincorp Limited, a Non-Banking Financial Company (NBFC) backed by the Cyrus Poonawalla Group, has entered into a strategic alliance with IDP Education. This partnership is designed to make the process of securing education loans simpler and faster for Indian students who are planning to study in countries such as the US, UK, Australia, Canada, and New Zealand.
The initiative will allow students to obtain instant, fully digital education loans that can cover not just tuition fees but also living and travel expenses. By leveraging technology, Poonawalla Fincorp Limited is aiming to remove many of the roadblocks typically associated with student financing.
Expanding Reach Through a Trusted Partner
IDP Education, which guides more than 100,000 Indian students annually in their international academic pursuits, will now offer access to Poonawalla Fincorp Limited’s education loans through its digital platform and physical presence in 63 cities across the country. With 77 offices nationwide, this reach will make the loan process more accessible than ever before.
In this exclusive financial partnership, Poonawalla Fincorp Limited will be the only financial provider working directly with IDP Education in India, setting a new standard in streamlined educational financing.
Fast Loan Approvals with Minimal Hassle
One of the key advantages of this collaboration is how quickly students can now receive loan approvals. Through IDP Education, students can access digital loans that are processed without the typical delays caused by long paperwork procedures. These loans are tailored to offer flexibility and efficiency, addressing one of the main concerns Indian families have when planning education abroad.
According to an IDP Education survey, 66 per cent of students said financial planning was their primary concern while evaluating overseas education options. This partnership directly addresses that anxiety.
Leadership Remarks on the Initiative
Vikas Pandey, Chief Business Officer – Consumer Finance and Head of Digital Marketing at Poonawalla Fincorp Limited, shared the company’s intent behind this collaboration:
“Our collaboration with IDP is about strengthening the financial infrastructure behind India’s global education aspirations. With our digital-first approach, we aim to make overseas education financing dependable and scalable.”
Piyush Kumar, Regional Director at IDP Education, added his perspective on the evolving mindset of Indian students:
“Today’s students are evaluating study options with a long-term return on investment mindset. Financing is a key part of that decision-making process. Poonawalla Fincorp brings the technology and understanding needed to make a real impact.”
Loan Products That Reflect Modern Needs
Poonawalla Fincorp Limited is known for its strong portfolio of loan offerings, all developed with a focus on speed, transparency, and ease of use. As of March 2025, the company reported an Asset Under Management (AUM) of ₹35,631 crore, with operations spanning 18 states and two Union Territories.
In addition to its education loan, the company offers:
Poonawalla Fincorp Limited Prime Loan: A fully digital personal loan offering aimed at salaried individuals who need quick financial support without collateral. The process is seamless and paperless.
Business Loan 24/7: A unique digital product for MSMEs that offers real-time loan approvals. It uses intelligent data sources such as GST filings, account aggregator platforms, and credit bureau data to evaluate loan eligibility.
Professional Loans: Designed for medical and finance professionals, these loans support equipment upgrades, clinic expansions, and working capital needs, all processed through digital onboarding.
Combining Tech-Driven Finance with Educational Trust
The credibility and widespread presence of IDP Education make this partnership especially impactful. With nearly 800 global university partnerships and a strong advisory network across India, IDP brings experience and trust. Poonawalla Fincorp Limited’s technology-focused lending complements this network by addressing the growing demand for smart financing among Indian students.
The new offering gives students an opportunity to focus on their academic dreams without being hindered by financial stress or delays in fund disbursement.
Conclusion
The exclusive partnership between Poonawalla Fincorp Limited and IDP Education signals a meaningful change in how Indian students can plan and finance their international education journeys. With instant digital loans, simplified access, and expert guidance, students across India are now better equipped to pursue their global aspirations. Supported by a wider portfolio of digital lending solutions like the Prime Loan and Business Loan 24/7, Poonawalla Fincorp Limited continues to deliver on its promise of customer-centric, tech-enabled financial services.
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