Frequently asked questions

We experienced financial constraints during our studies. This experience fuels our passion for democratizing education. We provide a platform for borrowers and lenders to reduce the complexity in the education loan and bring transparency in the pricing structure while providing multiple options for borrowers.
GyanDhan is not a financial institution and does not engage in lending on its own accord. We are an enabler of education financing.
We have partnered with leading financial institutions in India and abroad. In addition, we will soon open the platform for private individuals to start lending through our platform.
GyanDhan is a trademark managed by Senbonzakura Consultancy Private Limited. We are headquartered in New Delhi. Please refer to the About Us section for further details on the team.
  • For loans given by financial institutions like banks, GyanDhan charges an origination fee (% of loan amount) which is based on our agreements with the partner financing institutions.
  • Note: GyanDhan does not charge any fees from the students for loans it helps arrange through the banks.
We are customers of different services and nothing annoys us more than our information being shared without our permission. GyanDhan will not share your information with third parties for solicitation except for the purpose of fulfilling your requests.
Kindy refer to our privacy document for further details. GyanDhan use encryption to ensure that the data you share with us stays secure.
GyanDhan is targeted for use by real humans and not bots. Identification details requested during registration helps us in the verification process. If the details in the documents match your profile information, your account will go live and you will be a part of the GyanDhan family giving you access to all necessary resources.
We would love to engage with you to resolve your queries and are open to feedback / suggestions on our product offering. Please mail us at or call us at +91 7544945500.
We recommend that you start assessing your finances much in advance of your actual studies. You can look for scholarships on our portal as a starting point. If you do not find the right scholarship, apply for a loan immediately so that you can reach out to a wider investor base.

Financial institutions

Partnering with GyanDhan can help your institute build a profitable education loan portfolio. With our on-campus presence, and alumni engagement we are well positioned to better understand student risk and also manage the same.
We partner with financial institutions on a case-by-case basis. Our services include, but are not limited to, providing credit insights on the applicants and document collection. We also work closely with financial institutions to address delays in payments and defaults. You can read more about our offering at Financing partners.

Private lenders (coming soon)

Any Indian resident with a valid PAN card and a valid bank account can register to be an investor on GyanDhan. GyanDhan reserves the right to approve / decline individual's participation on the platform based on our assessment.
You can start by registering your account, followed by completing your profile. Once the documents you provide are verified, your profile goes live. You can then view loan applications and start bidding for loans.
Before placing a bid, the lender has access to the documents submitted by the borrower, and any additional insights provided by GyanDhan. The lender decided on his own judgement whether to bid for a loan or not. Investment through GyanDhan are done at your own risk. The loan agreement is executed between the borrower and the lender.
However, GyanDhan carries out the due diligence when it comes to borrower registration and loan application. Our customer management team works closely with the borrowers to identify risk earlier than conventional players. We can aid with the arbitration proceedings as mentioned in the loan agreement or with further legal proceedings on a case-by-case basis.
You can start by pledging as low as INR 10,000 on GyanDhan. We recommend that you diversify your allocated funds across different students to minimize risk. e.g.: If you want to invest INR 2million on GyanDhan, rather than lending out to one individual who wants to pursue higher studies, we recommend splitting the same amount across multiple students, say 20 students each getting 1 lakh each.
There is no fee for registering on our website. You can bid for loans without any charge. However, there will be a one-time fee levied on the successful completion of a loan agreement.
Our customer management team works closely with the borrower to flag any risk of delayed payments in advance. We work with the borrowers to ensure timely repayments. Late fees are assessed in the scenario of delayed repayments. If the borrower stops making repayments, and enters into default, the standard loan document will have provisions for arbitration proceedings to kick in. We also maintain a database of defaulters which will be shared within the community and with credit agencies, if applicable.

General questions

We are currently accepting loan applications for higher studies abroad. We will soon be launching loan applications for refinancing of existing education loan, and loans for coaching / vocational training. There might be certain limitations but feel free to email us if you feel your requirement does not fit in the application form.
At GyanDhan, we believe that knowledge(gyan) is the real wealth(dhan). Information on scholarships has traditionally been sparse. Our aim is to generate awareness about the different financing options available to students.
When it comes to loan applications, we use variables in addition to the traditional underwriting variables to provide insights which can be used by lenders to make better decisions. We take the hassle out of loan application through our one-stop solution and the bidding option should get the best rate for you from the comforts of your home.
We have partnered with leading financial institutions in India and abroad. In addition, we will soon open the platform for private individuals to start lending through our platform.
We will review your loan application and mail you in case we require any clarifications. Post that your application will go live on our system, and can then be financed in the given timeframe.
The interest rate is set by the bids of the investors. In the event of a tie, the bid placed earliest will be declared the winner.
You do not have to pay any fees to apply for a loan through GyanDhan.
  • If the lender is a financial institution like a bank, any fees that you need to pay the bank will be clearly communicated to you early on in the process and there will be no hidden charges. We charge a commission from the lender for the services provided to the lending partners.
  • If the lender is a private individual, you will be assessed an origination fee of 1% of the total amount if your loan application gets funded.
We understand that there are unforeseen circumstances that might prevent you from making your payments on time. Our first advice would be to reach out to us as soon as you feel that you might be late for a payment. We will evaluate your circumstances and offer a range of services ranging from assistance in career counselling to negotiating loan terms with the lenders.
If you happen to miss a payment, our customer care team will reach out to you to discuss the various options. Note that your credit scores can be impacted if you have been issued a loan by a financial institution which can have significant impact on your ability to get loans in the future.
In the case of defaults, there could be a recourse to legal proceedings as allowed by the loan agreement and the exisitng laws. Furthermore, GyanDhan will maintain a list of wilful defaulters that can be used by various agencies for identification purposes.
You can prepay the loan without any pre-payment penalties in most of the cases. In the case of an exception, it will be mentioned to you at the time of loan closing.

Loans for higher education

Yes, you can still apply for a loan. For applications to schools in the US not listed on the form, it might limit the number of lending partners that could look at your profile. We are working to add non-US listed schools in our review mechanism, but that should not deter you from applying for loans to schools in other countries as we will work with our partners on a case-by-case basis.
Having a co-signer is not compulsory. It can however impact the amount of bids you receive and also the interest rate quoted for those bids.
Providing collateral is not compulsory. It can however impact the amount of bids you receive and also the interest rate quoted for those bids.
You can borrow up to the amount required to finance your education. This includes fees, living expenses, and other miscellaneous expenses. Individual


Any working Indian national can apply for a refinancing of their existing education loan subject to meeting the requisite requirements.
It will help us verify your existing role and also help the lenders make their assessment.

Loans for coaching / vocational training

Our partner institutes will provide you with the GyanDhan financing option at the time of registration. However, you can also apply online for the course that you / your child wants to pursue.
Yes, you can still apply for a loan. However, it does limit the number of lending partners that could look at your profile.
We encourage the parents or a close relative to apply for a coaching loan on behalf of their dependants.
Any individual or close relative of the individual pursuing the vocational training course can apply for the loan.