Poonawalla Fincorp and IDP Education Join Hands to Simplify Overseas Education Loans for Indian Students

Poonawalla Fincorp, a non-banking financial company backed by the Cyrus Poonawalla Group, has announced a strategic partnership with IDP Education, a globally recognized leader in international education services. The objective of this partnership is to provide Indian students with faster, easier, and fully digital access to education loans for their studies abroad.

The collaboration comes at a time when thousands of Indian students are choosing global academic opportunities, and many of them face challenges in accessing timely financial support. This joint initiative aims to offer seamless financing that covers all major costs including tuition, travel, and living expenses.

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Loans Accessible Through IDP's Digital and Offline Network

Students applying to international universities through IDP Education will now have direct access to education loans powered by Poonawalla Fincorp Limited. These loans will be available through IDP’s existing digital platform and its 77 offices across 63 Indian cities. This integration eliminates the need for a separate, time-consuming loan process and ensures quicker sanctioning.

Importantly, Poonawalla Fincorp has become the exclusive financial services partner of IDP Education. This gives it a unique position to offer pre-approved or instant education loans to aspiring students through the IDP ecosystem.

Leaders Speak on the Importance of the Partnership

Commenting on the collaboration, Vikas Pandey, Chief Business Officer – Consumer Finance and Head of Digital Marketing at Poonawalla Fincorp, highlighted India’s growing role in global education. He stated, “India is one of the fastest-growing contributors to global education demand, and with that comes a responsibility — and an opportunity — to build systems that support this scale.”

He emphasized that this partnership is not only about individual students but about building a reliable and scalable education financing framework. According to him, such infrastructure is critical in supporting India’s broader academic ambitions.

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Addressing Students’ Evolving Priorities

Piyush Kumar, Regional Director at IDP Education for South Asia, Canada, Latin America, and Mauritius, noted that today’s students are approaching education with a long-term return on investment in mind. This includes evaluating countries, career outcomes, and financial plans before making a decision.

He said, “That shift requires all players in the ecosystem — from advisors to lenders — to evolve. With this partnership, we’re meeting students where their real needs lie.” He added that Poonawalla Fincorp was chosen for its understanding of both urgency and sensitivity around student finance, along with its robust digital infrastructure.

Data-Driven Approach to Solving Financial Concerns

IDP Education recently conducted a study that revealed 66% of student respondents see cost and finance as the biggest hurdles when planning international education. This partnership aims to directly address this concern by providing quick access to funds and simplifying the entire financing journey.

With Poonawalla Fincorp’s digital-first strategy and IDP’s wide reach, the joint initiative is expected to reduce the financial uncertainty that students and families often face after securing admission.

A Trusted Platform for International Academic Aspirants

Each year, IDP Education supports over one lakh Indian students in their efforts to study abroad. It has partnerships with over 800 educational institutions across top destinations such as Australia, the UK, the US, Canada, Ireland, and New Zealand.

By integrating Poonawalla Fincorp into its services, IDP offers students a more complete and efficient process — from university counseling to financing. This makes it easier for students to shift their focus back to academics and planning for life in a new country.

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Poonawalla Fincorp’s Risk-First and Customer-Focused Model

Through this collaboration, Poonawalla Fincorp continues to push forward with its risk-first lending approach. The company remains focused on partnering with Indian families and serving a customer base that aligns well with its broader financial strategy.

This move also reflects Poonawalla Fincorp’s ambition to become a household name in the education financing space, driven by strong partnerships and a customer-centric philosophy.

Conclusion

The partnership between Poonawalla Fincorp and IDP Education marks a major step in removing financial obstacles from the path of Indian students pursuing international education. With a blend of digital innovation, on-ground support, and customer-first values, this initiative aims to make global academic dreams more accessible than ever before.