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Propelld Forms Strategic Alliances with Five Universities to Offer Collateral-Free Student Loans

education loan

Propelld has forged strategic partnerships with five prominent universities, enhancing access to higher education by offering collateral-free student loans. The beneficiaries of this initiative include universities in Dehradun, Noida, Chhattisgarh, Roorkee, Gurgaon, and Uttar Pradesh.

The newly signed Memorandum of Understanding (MoU) involves:

– Quantum University – Roorkee/Dehradun
– Doon Business School – Dehradun
– AAFT – Noida
– Indian School of Hospitality
– Vishveswarya Group of Institutions

Brijesh Samantaray, Co-Founder of Propelld, expressed enthusiasm about the collaborations, emphasizing their commitment to making education accessible in India. “These partnerships reflect our mission to democratize education. Our tech-driven approach allows us to offer customized loan products and seamless EMI options, removing immediate financial barriers for students. We have empowered over 250,000 students and partnered with more than 2,000 institutes, and we aim to expand this reach continually.”

The collaboration provides the universities with access to Propelld’s services, including collateral-free education loans with minimal documentation and a quick turnaround time of two days. Propelld’s technology ensures a smooth, digital application process for students and streamlines administrative tasks like fee management for the institutions.

By partnering with these esteemed universities, Propelld strengthens its position as a leader in education financing, dedicated to democratizing education through technology. This initiative aims to simplify access to higher education, significantly contributing to the growth of the educational ecosystem.

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