How IDP and Poonawalla Fincorp Simplify Student Financing

Securing funding has long been one of the most stressful parts of studying abroad. For Indian students aiming for international degrees, the financial process is often just as daunting as the academic preparation. Recognising this gap, Poonawalla Fincorp Limited, a non-banking financial institution backed by the Cyrus Poonawalla Group, has partnered exclusively with IDP Education. This move is designed to make overseas education more accessible by simplifying the loan process from start to finish.

By linking the loan process directly with university admissions, this partnership ensures that students can now focus more on their goals and less on paperwork and delays. Both companies believe that access to funds should never come in the way of an academic dream.

Bringing Loan Support Directly into the Admission Journey

IDP Education is a trusted name among students who wish to pursue higher education in countries like Australia, Canada, the United Kingdom, the United States, and New Zealand. With 77 offices in 63 cities across India, IDP guides over a lakh students each year through the admissions process.

The partnership with Poonawalla Fincorp means that these same offices now also serve as hubs for financial support. Loans are no longer something students have to handle separately through banks or other NBFCs. Instead, they become a natural part of the application timeline. With the integration now in place, students applying through IDP will find it easier and faster to get financial support for all study-related expenses.

Also read - Poonawalla Fincorp Joins Hands with IDP Education to Streamline Overseas Education Loans

Quick Approvals and Comprehensive Coverage

This new system is built with the urgency of student deadlines in mind. Many students have to make quick decisions once they receive their admission letters, and loan delays can derail the entire process. To avoid this, Poonawalla Fincorp offers instant approval for education loans up to ₹75 lakh.

For higher amounts, students can avail loans of up to ₹1 crore without any collateral. If needed, funding of up to ₹3 crore is also available with collateral. The coverage extends to all major costs—tuition, housing, travel, books, and insurance. Even co-applicants are included under the loan's insurance umbrella, making it one of the more thoughtful education financing models currently available.

Leadership Voices Reflect Strong Commitment

Vikas Pandey, who leads Consumer Finance and Digital Marketing at Poonawalla Fincorp, believes that the partnership stands for more than just speed and convenience. He said that Indian students are increasingly considering global education as a viable step in their career paths, and such aspirations must be backed by institutions that understand their urgency and commitment.

Piyush Kumar, Regional Director at IDP South Asia, echoed this idea. According to him, today’s students don’t just care about the quality of education but also about the financial implications of their choices. He believes it’s crucial for education service providers and lending companies to evolve with student expectations. Their alliance, he said, is timely and grounded in practical needs.

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

Financial Barriers Still Worry Students

In an IDP-led survey, 66 percent of the students cited finances as the biggest barrier to pursuing international education. It is not surprising that many families hesitate even after students get admission to top-ranked universities because the loan process feels too long, confusing, or untrustworthy.

This partnership is a direct solution to that issue. Since loan access is now embedded within the existing support system of IDP, students can get answers, approvals, and clarity much quicker. The anxiety around funding is significantly reduced, which helps students and families focus on next steps like visa processes, accommodation, and travel planning.

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

A Student-First Approach for a Global Future

Together, IDP and Poonawalla Fincorp are setting a new standard for how education loans should be delivered. The integration of admissions and finance under one umbrella brings convenience, confidence, and clarity to thousands of Indian families.

Whether students are planning to study data science in Canada or design in the UK, they now have the peace of mind that money won’t hold them back. By making funding as accessible as admission counseling, this model represents a modern, efficient, and humane approach to global education.