Photo: Startupstars

Indian Startup Propelld Provides Education Loans Amid Covid-19 Crisis

Education-focused fintech platform Propelld, has raised $35 million in Series-B funding. The startup was founded in 2017 by three friends from IIT Madras. Propelld enables financing solutions for learners pursuing education programmes at partner institutions. “Bajaj declared a 35% first-default; Propelld had 3%. Even that, they chased down relentlessly to less than 1% within 90 days,'' stated a member. Notably, Propelld funds the education of… read-more

Sun, 20 Feb 2022 - 11:10 AM / by Shaloo Priya

Tags: Startup India, Propelld, education loan, Poor, Covid-19

Courtesy: Money Control

Representational image of Education loan

Photo: DNA

With Education Ecosystem In Doldrums, Student Loans Plunge This Year

Due to a low admission turnout, a decline has been witnessed in student loan applications. However, Avanse, India’s second-largest education loan company, claimed that lenders are willing to take risk of default on loans for overseas education. It cited focus of Indians on employment-generating streams as reason. The company's CEO said they look optimistically for the fourth quarter when admissions start. Reportedly, loans for education … read-more

Wed, 30 Sep 2020 - 01:41 PM / by Nitesh Kumar Singh

Tags: Education, Covid-19, Lockdown, education loan, Overseas Education, Technology

Courtesy: Times of India