Students to Benefit from Faster Overseas Loans as IDP and Poonawalla Fincorp Join Forces

Poonawalla Fincorp Limited, a non-banking financial company promoted by the Cyrus Poonawalla Group, has partnered with IDP Education, a global expert in academic counseling, to simplify the financial process for students aiming to study abroad. This collaboration intends to remove delays commonly experienced in accessing education loans and to deliver a more connected student experience.

With this partnership, students can apply for education loans through IDP and gain faster access to funds needed for tuition, travel, accommodation, books, and other related expenses.

A Nationwide Network for Education Financing

IDP Education has a presence in over 63 cities across India through 77 offices, and its digital platform plays a major role in helping students find the right academic fit overseas. Every year, more than 100,000 Indian students use IDP to get admission to universities in top countries including the United States, United Kingdom, Canada, Australia, and Ireland.

The new partnership now allows students to not only apply for admission but also secure financing from Poonawalla Fincorp through the same channel, eliminating the need for a separate loan process.

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Loan Options Built for a Range of Needs

Poonawalla Fincorp Limited’s loan program for international education is built with student needs in mind. An instant approval feature has been introduced for loans up to ₹75 lakh. In addition, students can apply for loans up to ₹1 crore without needing to provide any collateral. For amounts up to ₹3 crore, collateral is required.

The loans are designed to cover not only course fees but also broader needs such as housing, books, and insurance. This makes the offering relevant for students and their co-applicants, typically parents or guardians, who are involved in funding the education journey.

Leaders Explain the Vision Behind the Move

Vikas Pandey, Chief Business Officer – Consumer Finance and Head – Digital Marketing at Poonawalla Fincorp, stated that the company’s approach is about more than loans. He pointed out that India is witnessing rapid growth in international education and that students need reliable systems to support their academic journey.

Piyush Kumar, Regional Director at IDP Education, commented that students today evaluate multiple aspects such as career outcomes and financial planning before making decisions. He added that this new collaboration reflects a shared understanding of student needs and a commitment to serving them better.

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

Cost Remains a Barrier for Many

A recent survey by IDP Education found that cost and funding challenges were the biggest concern for 66 percent of students planning to study abroad. With growing interest in global education, there is a strong need for faster and easier financial support. This partnership directly targets that challenge by making education financing a part of the student advisory process itself.

Faster approvals and a well-integrated system will help students avoid missed deadlines and reduce the stress associated with overseas admissions.

Arvind Kapil on the Value of Education

Poonawalla Fincorp’s education loan services extend beyond this partnership. The company has officially entered the education loan space, offering students up to ₹3 crore in funding. Arvind Kapil, Poonawalla Fincorp’s CEO and MD, stated that education is among the most important investments a family can make and that finance should not stop anyone from aiming high.

Kapil emphasized that the new product suite is built to support both students and families by providing digital tools, fast loan decisions, and full expense coverage.

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

A Strong Push Toward Student-Centric Lending

This partnership represents a forward-looking approach to student financing. It combines the wide reach of IDP’s university advisory services with the digital lending capabilities of Poonawalla Fincorp. Students can now complete the admission and loan application process in a unified way, without worrying about long waits or complex paperwork.

With interest growing in international education from India, the effort to provide fast, efficient financial tools has arrived at the right time. It helps ensure that more students can take the next step in their academic journey with confidence and financial clarity.