How IDP and Poonawalla Fincorp are Changing Overseas Education in India

Indian students aiming to study abroad often face a common roadblock—arranging timely financial support. In a major development, Poonawalla Fincorp Limited, a well-known non-banking financial company backed by the Cyrus Poonawalla Group, has partnered exclusively with IDP Education to address this challenge.

This collaboration simplifies the journey from university admission to financing by offering students an easy and integrated method to apply for and receive education loans. Through this tie-up, students can secure funds much faster and with less effort, using both online and offline services available through IDP’s network.

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

Direct Loan Access Through IDP Offices

IDP Education is a key player in international student services. With 77 offices across 63 cities in India, the company helps over one lakh Indian students every year with college applications and placements in top global destinations including the UK, USA, Australia, Canada, and New Zealand.

This exclusive partnership now enables students to access education loans from Poonawalla Fincorp directly through these IDP offices. The financing step is no longer an afterthought or a separate journey—it is now built into the admissions process. This ensures a smoother experience and helps students stay focused on their academic goals without worrying about financing gaps.

Fast Processing and High Loan Amounts

Speed and simplicity are central to this partnership. Students can benefit from instant loan sanctions for amounts up to ₹75 lakh. For those who need more, collateral-free loans up to ₹1 crore are available. Loans up to ₹3 crore can be availed by providing security.

These loans are designed to cover all major expenses involved in studying abroad, including tuition fees, housing, books, insurance, and travel. An added benefit is that the loan also covers insurance for co-applicants, reducing risks and bringing peace of mind to families funding a child’s education.

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

Senior Leadership on the Impact

Vikas Pandey, the Chief Business Officer for Consumer Finance and Head of Digital Marketing at Poonawalla Fincorp, expressed that the initiative is aimed at simplifying the lives of students and families. According to him, the broader goal is to support Indian students at every stage of their educational journey—from planning to arriving at a foreign university.

Piyush Kumar, the Regional Director for South Asia at IDP, emphasized how modern students are becoming more financially aware. He said students are now focused on long-term value and returns on investment when choosing where and what to study. According to Kumar, the partnership with Poonawalla Fincorp supports this mindset by offering financial tools that are easy to access, transparent, and student-focused.

Addressing the Top Student Concern

An internal study by IDP found that 66 percent of students viewed financing as their biggest concern when preparing to study abroad. Many of them faced delays, lack of clarity, and difficulties in accessing loans through traditional banking channels.

This partnership is positioned as a direct response to that concern. By embedding the loan application into the admission process itself, IDP and Poonawalla Fincorp eliminate unnecessary delays. Students can now move quickly through all stages of their international education journey, without worrying about whether or not they’ll be able to arrange the funds in time.

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

A New Approach to Student Financing

By working together, IDP and Poonawalla Fincorp are reimagining how education financing should work for Indian students. Their partnership makes it easier to secure large, fast-approved loans for studying abroad.

Whether a student is going to pursue engineering in Canada or liberal arts in Australia, this offering ensures that money isn’t a bottleneck. The process is fast, transparent, and designed to support academic timelines. The use of digital tools and a widespread physical presence make the offering not only convenient but also far-reaching.

For Indian students, this partnership comes as a much-needed solution that aligns with today’s academic ambitions and tomorrow’s career dreams.