Poonawalla Fincorp Collaborates with IDP Education to Support Students with Digital Loans

Poonawalla Fincorp Limited (PFL), a leading NBFC promoted by the Cyrus Poonawalla Group, has entered into an exclusive partnership with IDP Education, a trusted name in international academic placements. The objective is to streamline access to education loans for Indian students planning to study overseas, using a fully digital and responsive process.

Fast-Track Education Loans for Global Aspirants

Through this alliance, Poonawalla Fincorp Limited becomes IDP’s sole financial partner in India for education loan services. Students using IDP’s advisory services can apply for Poonawalla Fincorp Limited’s loan offering through IDP’s 77 offices in 63 cities or directly via its digital platforms.

The product has been designed to cover the full range of student expenses—from tuition and accommodation to travel and insurance—with the additional benefit of instant loan sanction, addressing the pressing need for speed and certainty in study-abroad plans.

Also Read: The Importance of Commercial Vehicle Loans in India

Cost-Related Concerns Remain a Key Obstacle

A recent study by IDP Education highlighted that 66% of Indian students identified financial uncertainty as the biggest challenge when considering foreign education. Many students face delays due to slow loan processing, unclear terms, or lack of integration with the rest of their application journey.

This partnership is focused on removing those barriers by bringing financing directly into the student advisory ecosystem. It gives families access to a consolidated experience where guidance and funding move in sync.

Also Read: Poonawalla Fincorp’s Strategic Tech Push Enhances Customer Experience and Compliance

Insights from the Leadership Team

Commenting on the development, Vikas Pandey, Chief Business Officer – Consumer Finance and Head of Digital Marketing at Poonawalla Fincorp, 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. Our partnership with IDP is not just about enabling individual journeys; it’s about strengthening the infrastructure that underpins India’s global academic ambitions. Together, we’re creating a more dependable and transparent model for how education financing should work at scale.”

Piyush Kumar, Regional Director – South Asia, Canada, Latin America, and Mauritius at IDP Education, said:

“Today’s students are making highly informed choices based on long-term return on investment — not just the course, but the country, career outcomes, and financial planning., 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. We see Poonawalla Fincorp as a partner that understands both the urgency and sensitivity around education financing and brings the kind of digital infrastructure that can make a real difference to students and families navigating these decisions.”

Part of Poonawalla Fincorp Limited’s Technology-Centric Strategy

This offering is consistent with Poonawalla Fincorp’s earlier digital transformation steps, including the deployment of AI-powered solutions in multiple business areas such as underwriting, compliance, HR, governance, and audit.

Earlier this year, Arvind Kapil, Poonawalla Fincorp CEO and MD, explained: “We view AI as a catalyst for responsible innovation.” The company is using AI not only to keep pace with changing customer needs, but also to ensure fairness and accuracy through continued human oversight.”

This technological foundation is now reflected in how the education loan product functions—digital-first, faster, and focused on removing unnecessary delays while preserving quality checks.

A User-Friendly Experience for Students and Parents

This loan journey is built to match the urgency and complexity of student timelines. With just a few steps, students can now apply, verify, and receive their education loan decisions—all through digital channels. There is no need to visit multiple branches, chase documentation, or wait days for loan decisions.

The end-to-end process integrates into IDP’s services, ensuring that a student working through admission counseling doesn’t need to repeat efforts for financing—a single, smooth workflow now handles both.

Also Read: Poonawalla Fincorp Limited Expands into Commercial Vehicle Financing with New Secured Loan Offering

Supporting India’s Growing Demand for Overseas Education

IDP Education places more than 100,000 Indian students into 800+ institutions worldwide every year. The company’s strong presence in cities of all sizes ensures that access is not limited to metros alone. With Poonawalla Fincorp Limited’s education loan services now embedded into this infrastructure, students in Tier-2 and Tier-3 cities also gain better access to global education funding.

This shift aligns well with Poonawalla Fincorp Limited’s strategy of expanding in high-potential, retail-oriented verticals and offering solutions that are meaningful, timely, and scalable.

Conclusion

This exclusive collaboration between Poonawalla Fincorp Limited and IDP Education brings together advisory expertise and financial efficiency under one roof. It helps eliminate one of the biggest stress points for students and families: last-minute loan approval challenges.

As education costs grow and timelines shrink, solutions like this one ensure that financing becomes a supportive part of the journey—not a roadblock. With this step, both institutions reaffirm their commitment to helping students succeed—academically and financially.