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Propelld partners with 5 universities to provide collateral-free student loans

New Delhi, India, 25 June 2024 — Propelld, a pioneering provider of education financing solutions, has entered into strategic partnerships with esteemed universities to enhance access to higher education for students. Through its customised financial assistance, it aims at supporting educational ambitions by removing the financial obstacles that students and their families frequently encounter.

Initiating the new alliances, the Memorandum of Understanding (MoU) has been formed with:

  1. Quantum University – Roorkee / Dehradun
  2. Doon Business School – Dehradun
  3. AAFT – Noida
  4. Indian School of Hospitality
  5. Vishveswarya Group of Institution

Brijesh Samantaray, Co-Founder at Propelld

“We are excited to embark on these partnerships with leading universities. The new alliances reflect our commitment to democratising access to education in India. Our tech-driven approach allows us to offer customized loan products and seamless EMI options to students, thereby eliminating immediate financial burden from their learning journeys. We have empowered over 2,50,000 students and partnered with more than 2000 institutes so far and are determined to grow this number with every passing day,” said Brijesh Samantaray, Co-Founder at Propelld.

Partnership Benefits:

The partnered universities gain access to Propelld’s comprehensive suite of services that include collateral-free, student-friendly education loans with minimal documentation requirements and rapid turnaround times (TAT of 2 days maximum). Propelld’s tech prowess ensures a hassle-free end-to-end digital application process for deserving students and also streamlines administrative processes such as fee management and reconciliation for the institutions.

By collaborating with these leading institutions, Propelld reaffirms its position as a market leader in education financing and is committed to democratising education by leveraging technology. Propelld is confident of the potential of such partnerships to simplify access to higher education for all, thereby contributing significantly to the growth of the educational ecosystem.

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