Mumbai: In a move set to transform access to overseas education financing, Poonawalla Fincorp Limited (PFL) has partnered with IDP Education, a global leader in international education services, to offer digital education loans with instant approvals for Indian students pursuing studies abroad.
As part of this exclusive collaboration, students applying through IDP Education’s platforms and nationwide network of 77 offices across 63 cities can now access fully digital loans from PFL that cover tuition fees, living costs, and travel expenses. This makes PFL the exclusive financial services provider for IDP Education in India.
The partnership combines PFL’s digital-first lending capabilities with IDP’s robust global education advisory network, ensuring students receive faster loan sanctions and enhanced transparency throughout the application process.
“India’s contribution to global education continues to grow rapidly. To support this, we need scalable, dependable financial systems,” said Vikas Pandey, Chief Business Officer – Consumer Finance and Head – Digital Marketing at PFL. “Our collaboration with IDP Education not only empowers individual student journeys but also strengthens the broader education financing ecosystem.”
A recent survey by IDP revealed that 66% of Indian students consider cost and financial concerns as the biggest barriers to studying abroad. This partnership directly addresses that gap, offering students and families a faster, more seamless financing experience.
Piyush Kumar, Regional Director – South Asia, Canada, Latin America & Mauritius, IDP Education, noted, “Students today are focused on long-term return on investment, not just courses but career outcomes and affordability. This partnership meets them at that critical intersection with trust and digital innovation.”
Every year, IDP enables nearly 100,000 Indian students to pursue education at over 800 top institutions in countries like Australia, the UK, the US, Canada, Ireland, and New Zealand. With this initiative, PFL reinforces its commitment to becoming a household name in the education loan segment by combining customer-centric lending with a risk-first approach.
Digital Education Loans: Accessible Financing Solutions
By providing digital education loans with instant approvals, Poonawalla Fincorp and IDP Education are paving the way for more accessible and efficient financing solutions – making global education dreams a reality for thousands of Indian students.
