Poonawalla Fincorp and IDP Education Partner to Simplify Overseas Education Loans
- Poonawalla Fincorp partners with IDP Education to offer fully digital overseas education loans.
- Loans available across IDP’s 77 offices in 63 cities, enabling faster access to funds for students.
- The partnership aims to address financial concerns and make global education more accessible.
Poonawalla Fincorp Limited (PFL), a leading non-banking financial company (NBFC) promoted by the Cyrus Poonawalla Group, has announced a strategic partnership with IDP Education, a global leader in international education services. This collaboration aims to simplify and accelerate education financing for Indian students aspiring to study abroad by offering fully digital, end-to-end education loans.
Through this tie-up, PFL becomes the exclusive financial partner for education loans offered via IDP Education. Students applying through IDP can now access quick and reliable loan solutions to cover tuition fees, travel, and living expenses. The offering is available both online and across IDP’s 77 offices spread across 63 Indian cities. This partnership is set to provide instant loan sanctions, eliminating lengthy waiting periods and streamlining the financing process for students and their families.
IDP Education helps over 100,000 Indian students annually secure admission in top universities across destinations such as Australia, the US, the UK, Canada, Ireland, and New Zealand. With more than 800 academic partnerships worldwide, the organization plays a critical role in enabling global academic mobility. By integrating PFL’s loan services into its digital platforms and office network, IDP aims to offer a more holistic and student-friendly application journey.
Vikas Pandey, Chief Business Officer – Consumer Finance and Head of Digital Marketing at Poonawalla Fincorp, emphasized the broader vision behind the partnership. “India is one of the fastest-growing contributors to global education demand. Our partnership with IDP is about building a robust support system for that scale. We are strengthening the infrastructure for education financing and creating a dependable, transparent model that serves students across the country”.
Piyush Kumar, Regional Director for South Asia, Canada, Latin America, and Mauritius at IDP Education, echoed these sentiments. “Today’s students are highly informed and make decisions based not only on course or country, but also on financial planning and career outcomes. This collaboration helps us meet students’ needs more holistically. Poonawalla Fincorp brings the agility and sensitivity required in education lending, backed by a strong digital infrastructure”.
According to a recent survey by IDP Education, 66 percent of Indian students identified cost and financing as their top concern when considering studying abroad. The partnership between PFL and IDP directly addresses this challenge by delivering faster, more accessible loan solutions. With a risk-first approach and student-centric philosophy, PFL aims to establish itself as a trusted partner for families navigating the complex financial landscape of overseas education.
