GyanDhan Allied- India's First Group Bargain Plan For Abroad Education Loans Is Here

GyanDhan Allied is India’s first group-buying abroad education loan scheme. It leverages the group negotiation to get applicants the best deals on foreign education loans. It is an absolutely free scheme where students can nominate themselves and become a part of a group. Afterward, GyanDhan negotiates with the lender for the best deals for the entire group. Considering it as an opportunity to get the loan cases in bulk, lenders will give the best possible quotes for education loans. In this way, GyanDhan Allied will benefit students with the interest rates that they would not get if they negotiate alone.

In 2020, a few students approached GyanDhan in a group for their study abroad loans. GyanDhan negotiated for the interest rate with the lenders on students’ behalf. The experiment was successful as GyanDhan was able to get better interest rates using the bulk bargain. This germinated the idea of GyanDhan Allied. After researching and understanding the upsides and caveats, the loan scheme was devised keeping the best interest of students in mind. The first set of deals will be for Spring 2022 admits and aspirants. Nomination in the scheme is completely free of cost.    

Following are the eligibility criteria for signing up for GyanDhan Allied:

1. The applicant should be aspiring or should have got admission to a university abroad.
2. The applicant should be looking to pursue a postgraduate course abroad.
3. The applicant should be looking for loans without collateral. 

The process of collective bargaining in GyanDhan Allied can be described in the following steps:

1.  Once you sign-up, GyanDhan adds you to a group
2.  Once the group has sufficient members, GyanDhan invites bids from lenders.
3.  After the bidding process, you are presented with the best offers. 

1. Simple & fast signup for free: Students do not have to pay anything to nominate themselves in GyanDhan Allied. The process is extremely swift as it takes less than a minute to enroll.
2. Deals like nowhere else: Until August 2021, GyanDhan has processed over 1000cr Rupees in education loans. It has strong ties with lenders and understands the market profoundly. The competitive bidding process and heaps of experience will help students get the discounted deals on education loan interest rates.
3. The power of cohort: The larger the group, the better the odds of a successful deal. GyanDhan will make the groups based on different criteria. In addition, students can also invite people who are looking for an abroad education loan to amplify the odds of getting a stellar offer.
4. You are free to reject the offer: Signing up for GyanDhan Allied doesn’t bind anyone to accept the negotiated deal. Once the offers are presented, students are free to decide whether they want to accept them or not. There is no hidden caveat. Also, even if a few students opt-out, the deal will still be on the table for the remaining students.

Joining GyanDhan Allied’s negotiation pool is extremely simple. All you have to do is to fill the GyanDhan Allied form. Once you complete the form, you are added to a group. This group is made by GyanDhan based on varied criteria, for example- NEU admits group, etc. Joining the group is free and students will have no obligation to accept the negotiated offer.  

For Spring 2022 applicants, the last day to sign-up for GyanDhan Allied is 15th September 2021 and GyanDhan will communicate about the negotiated deals by 30th September 2021. For Fall 2022 aspirants, the groups will be made in different tranches. The first segment will be closed on 15th December 2021 and the negotiations will be done by 31st December 2021. If you are looking to apply or are certain that you will get an admit to a university in the Fall 2022 session, you can nominate yourself now. Once the time comes, you can compare the negotiated interest rates and choose as per your preference. 

In a nutshell, it is a win-win situation for both students and lenders. GyanDhan recommends you to apply for an education loan via GyanDhan normally along with signing up for GyanDhan Allied. After the negotiated deal arrives, you can choose the better interest rate. As the timeline is approaching, act fast and register yourself now!