Poonawalla Fincorp and IDP Education Launch Digital Loan Access for Study Abroad Aspirants

In a step towards simplifying the international education journey for Indian students, Poonawalla Fincorp Limited (PFL) has partnered with IDP Education, a globally recognized student placement service. The goal is to provide a seamless digital education loan experience to students preparing to study in top universities across the world.

Partnership for Speed and Simplicity

Through this collaboration, Poonawalla Fincorp Limited has become the exclusive loan partner for IDP in India. Students using IDP’s services can now apply for loans via the IDP digital platform and in-person at its 77 offices across 63 cities, ensuring wide geographic reach.

The loan covers core expenses including tuition fees, accommodation, travel, and insurance, with the added benefit of instant sanctions—a feature aimed at solving delays students often face during admission and visa preparation.

Also Read: The Importance of Commercial Vehicle Loans in India

The Financial Challenge Behind Global Education

According to a survey conducted by IDP Education, 66% of Indian students consider financial concerns the top barrier to pursuing studies abroad. Tuition and living expenses in international destinations can be significant, and delays in funding can derail plans.

By integrating loan services directly within the admission and counseling ecosystem, this partnership offers a more cohesive route to students, aligning timelines and reducing stress.

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

Clear Endorsement from Leadership

Vikas Pandey, Chief Business Officer – Consumer Finance and Head of Digital Marketing at Poonawalla Fincorp Limited, commented:

“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.”

Echoing this sentiment, Piyush Kumar, Regional Director – South Asia, Canada, Latin America, and Mauritius at IDP Education, added:

"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., The 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.”

A Continuation of Poonawalla Fincorp Limited’s AI-Led Transformation

This new product offering follows Poonawalla Fincorp’s March 2025 announcement about expanding AI capabilities across key operational areas, including underwriting, audit, compliance, HR, and governance. These tools have improved internal efficiency and customer-facing turnaround times.

At the time, Poonawalla Fincorp CEO and MD Arvind Kapil had said: “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.

The digital education loan process is one example of how these systems are now being applied to real-time consumer use cases, ensuring that technology is not just an internal asset but a student-centric solution.

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

A Digital Flow That Matches the Student Timeline

One of the key advantages of this initiative is its alignment with student timelines. The digital-only loan journey removes the need for manual paperwork and in-person follow-ups. The application, verification, and sanction processes are conducted online—reducing typical loan friction points.

Since most students manage multiple deadlines—admissions, documentation, and visa applications—this solution ensures one critical piece is now well-coordinated and reliable.

Supporting India’s Student Mobility Growth

India is one of the largest contributors to international student populations globally. Each year, IDP Education helps over 100,000 Indian students secure placements at 800+ institutions across Australia, the UK, the US, Canada, Ireland, and New Zealand. With the addition of digital loans via Poonawalla Fincorp Limited, the process becomes even more holistic—combining counseling and financing into a single experience.

This is particularly important for families in Tier-2 and Tier-3 cities, where access to education loans through traditional banks or financial institutions may be limited or time-consuming.

Conclusion

The partnership between Poonawalla Fincorp Limited and IDP Education is an example of how two institutions can come together to meet a very real and rising demand. It brings much-needed efficiency and clarity to the education loan process—making it more student-aligned and digitally driven.

As Indian students continue to explore academic opportunities overseas, ensuring quick and affordable financial support can make a difference. And with this partnership, Poonawalla Fincorp Limited and IDP are proving that the right integration of service and technology can make international education more accessible than ever.