IDP Education Teams Up with Poonawalla Fincorp to Boost Overseas Loan Access for Indian Students
- Tejas Bodke
- Jun 4
- 3 min read
Updated: Jun 5
Poonawalla Fincorp, a non-banking finance company under the Cyrus Poonawalla Group, has joined hands with IDP Education to make international education more financially accessible for Indian students. This partnership allows students to access digital loans with ease, offering a streamlined system that handles tuition, living, travel, and other education-related costs more efficiently.
The move targets the growing demand from Indian students seeking admissions abroad and aims to reduce delays in financial planning, often seen as a major hurdle in pursuing global education.
Loans Now Within Reach Through IDP Offices and Platform
As a result of the collaboration, education loans from Poonawalla Fincorp Limited will now be available across IDP Education’s 77 physical offices in 63 cities and its digital portal. IDP supports over one lakh Indian students annually, helping them secure seats in top universities across Australia, the US, the UK, Canada, and more. Now, they can also guide them in acquiring education loans without the typical wait.
Students applying through IDP can expect faster approvals for loans covering tuition, housing, travel, and other essentials required during their study abroad journey.
Immediate Loan Sanctions and Flexible Offerings
One of the most attractive features of the new education loan service from Poonawalla Fincorp is its instant sanction offering. Students can now receive approval for loans up to ₹75 lakh immediately. For higher funding needs, they can get up to ₹1 crore without the need for collateral, while loan amounts up to ₹3 crore are available against collateral.
This flexibility is vital for students attending institutions where costs can vary significantly. The loans are structured to include all essential academic expenses including books and insurance for both students and co-applicants.
Leadership Speaks on the Vision Behind the Partnership
Vikas Pandey, Chief Business Officer – Consumer Finance and Head – Digital Marketing at Poonawalla Fincorp, shared that India is rapidly becoming a major contributor to the global education system. He stated that the aim is not only to fund education but to create reliable support systems that make it easier for families to plan long-term.
From IDP’s side, Piyush Kumar, Regional Director for South Asia, Canada, Latin America, and Mauritius, added that students today are basing decisions on return on investment and long-term career outcomes. He emphasized that this shift demands better support from all parties involved, and this partnership is a step in that direction.
Key Study Findings and Student Needs
A recent study by IDP Education revealed that 66 percent of Indian students consider finances to be the biggest barrier to studying abroad. This collaboration aims to directly address that issue by enabling quicker and more reliable access to funding.
By offering a fast-track financing model, both companies are reducing the gap between university admission and actual enrollment, helping students act on their decisions without losing time.
Also read - Poonawalla Fincorp Strengthens its Commitment to Students with Education Loans for Overseas Aspirants
Building Confidence Among Students and Families
This move is more than just a financial product rollout. It shows a focused attempt to reshape how Indian students fund their education abroad. Poonawalla Fincorp’s infrastructure is designed for speed, trust, and convenience, while IDP’s reach and academic partnerships give students access to world-class universities and a trusted path to funding.
With close to one lakh IDP students placed at over 800 institutions globally, this partnership stands to positively impact thousands of families each year. The effort is to ensure that every qualified student gets the opportunity they deserve, without being held back due to financing concerns.
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