Poonawalla Fincorp Loan for Study Abroad: Universities & Courses List

Poonawalla Fincorp provides education loans to students for abroad and in India. The company offers a maximum of INR 1 crore without collateral and INR 3 crore with collateral. If you are eligible, they offer an instant loan approval of INR 75 Lakhs for select institutes, the process is fully online, and interest rates starts at 11.25% p.a.

But, the loan approval isn’t limited to the coapplicant and collateral. Your eligibility also gets affected based on your Letter of Acceptance (LOA). Poonawalla Fincorp has an eligible course and the university list that is used while evaluating your loan application. The list is prepared based on multiple factors, such as global university rankings, course employability, country of study, and historical repayment patterns, while assessing which institutions are eligible for funding.

Refer to the comprehensive guide below for list of eligible universities. You can also use the search option to quickly locate your university. And if you can’t find it, don’t worry! We have solutions for that, too.

Factors That Impact Eligible Colleges

Poonawalla Fincorp, do not just look at the university name when assessing eligibility. The decision is influenced by:

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  Global Reputation: Universities ranked in global frameworks like QS or THE are more likely to be accepted.

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  Course ROI: Programs with strong job prospects, especially in STEM and business, are favored.

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  Country of Education: Countries with strong post-study work rights, such as the USA, UK, Canada, and Germany, increase chances.

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  Historical Repayment Track Record: If alumni of a university have had good repayment records, it increases the institution’s credibility.

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  Tuition Fees & Income: The list is also curated based on the average income and the tuition fees these universities charge. This impacts the repayment criteria.

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Commonly Eligible Universities for Poonawalla Education Loans

This list plays an important role when applying for an education loan. Even if a lender claims to offer loans for all universities, they often maintain an internal eligibility list that significantly influences both loan approval and the applicable interest rate.

Below is a country-wise sample of universities along with their QS World Rankings. Please note that this is not an exhaustive list, only a few representative universities from each country are shown here. If you don’t find your university listed, don’t worry. You can use our Education Loan Eligibility Tool to check detailed criteria and discover other lenders that offer loans for your selected university. 

Eligible Universities for the U.S:

Eligible Universities for Australia:

Eligible Universities for the U.K:

Eligible Universities for Canada:

Eligible Universities of Other Countries:

Popular Eligible Courses & Their Average Packages

Poonawalla Fincorp not only segments the universities sometimes the categorization is even done based on the courses. These courses have moderate employability, therefore making the investment secure. 

How Is an Applicant’s Eligibility Decided?

The key factor that determines the eligibility of the applicant depends on various factors and is not limited to the university and courses. Here are other considerations:

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  Course Type: Programs with higher return on investment (ROI), particularly in STEM, business, and tech, receive preference.

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  Country of Study: Countries offering post-study work opportunities enhance eligibility.

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  Student Academic Profile: Strong academic history, test scores (GRE/TOEFL/IELTS), and future potential are evaluated.

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  Repayment Capacity: Includes co-applicant income, credit score, and collateral offered.

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  Loan Repayment History: Lenders track how past students from a university have managed their repayments.

Even lesser-known universities may qualify if these other factors are favorable. Thus, even if the university is not on the list, other means are available through which students can get the loan approved. 

Alternative Lenders for Loans

For some reason, if your loan isn’t approved by the Poonawalla Fincorp, then you can look for alternative options. The potential lender options are as follows:

Benefits of Applying Through GyanDhan

GyanDhan is the financing option using which you can get the education loan guidance for Free! However, application processing through GyanDhan can help you land the right terms and better deals.

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  Using our education loan eligibility tool and partnerships with lenders, we can get you an updated list of colleges and help you identify eligible lenders, loan amounts, and estimated interest rates.
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  You don’t need to make multiple bank visits; just upload your documents, and our Loan Counselor will handle all the paperwork.
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  We have partnered with 15+ lenders thus, give you a convenience to apply to the multiple baks in one go.
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  Some cases do get rejected; however, GyanDhan can help you identify the loopholes, fix them, and increase your chances of loan approval. We also negotiate better terms with lenders on your behalf.
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  You get end-to-end support and the personlized guidance for Free.

Conclusion

When applying for an education loan through Poonawalla Fincorp, knowing your university and course eligibility can improve your chances of approval. While Poonawalla supports a wide range of globally ranked universities and high-ROI programs, eligibility often depends on additional factors such as the country of study, academic profile, and repayment strength.

The above list includes all premium, standard and average universities, but it’s not exhaustive. If your institution isn't listed, don’t worry, there are still options available. Tools like GyanDhan’s Eligibility Tool can help you explore your financing opportunities across multiple lenders, ensuring you find the most suitable option with the best terms.

Frequently Asked Questions