Education financing platform Propelld has now expanded its vetted partner institution base to Madhya Pradesh (MP) and is providing tailored financing solutions for students pursuing various educational programs in the state.
The Series-B funded FinTech firm focuses on students' learning capabilities and employability potential to assess their eligibility for an education loan, going beyond traditional credit parameters and revolutionizing the face of education financing in the process.
With most students in Madhya Pradesh migrating to Tier 1 cities like Indore from Tier 2 and Tier 3 cities for coaching, the additional burden of boarding and food expenses has been exacerbating their financial challenges every academic year. However, with Propelld expanding its loan remittance operation to the central Indian state, thousands of students have been benefitting from its easy EMI options and holistically fulfilling their educational needs. In fact, Propelld has backed over 1.6 lakh students since its inception in 2017 and has more than 2000 institute partners across India offering its customized loan products through a fully digital loan process.
Bibhu Prasad Das, Co-founder of Propelld, said: “The significance of coaching loans on society cannot be overstated.