Study abroad

The WorldGrad announces India’s first student loan offering for hybrid study abroad programs

Our Correspondent
Our Correspondent
Posted on 07 Dec 2022
10:57 AM
Abhinav Mital, Co-founder of The WorldGrad

Abhinav Mital, Co-founder of The WorldGrad Source: WorldGrad

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Summary
The WorldGrad has partnered with GyanDhan, India’s largest education financing marketplace
The loans will exclusively finance students for in-country studies too with The WorldGrad

The WorldGrad, India’s leading platform for hybrid overseas programs has announced its partnership with GyanDhan, one of India's largest education financing marketplaces to facilitate easy student loans to finance overseas & in-country study components. This partnership is a unique step towards the provision of easy student loans which will allow students to start an overseas degree at EMIs as low as INR 30K.

The WorldGrad offers hybrid study abroad programs that allow students to do up to year 1 of their overseas degree in India and then progress on-campus overseas to complete the degree with a global 500 institution. The partnership has facilitated student loans with enticing features like attractive interest rates between 3-5% , no collateral, loan approval within 2 hours upon document completion accompanied with easy disbursement within 6 business hours of application. The highlight of the loans is the ease of application as only the general identification documents like Aadhar card etc. are required to proceed with the application procedure. Interested students can get assessed for the overseas study loan at the same time.

The Loan will be granted for both Bachelor’s and Master’s programs and will be granted under various categories as per different courses. One of the most popular categories is the ‘All American PG’ program, where students can do their first semester of a US Master’s program with The WorldGrad and complete the rest of the degree in the US. Loans for this program are available to students at 3% interest rate resulting in EMIs of approx. INR30,000. The WorldGrad offers similar 1 term programs for Australia and the UK for which EMIs range between INR 50-60K. Additional loans can be issued to students for the overseas component of their degree.

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The WorldGrad’s partnership with GyanDhan will be advantageous to the students and students can reap maximum benefits from the loan plans. Benefits such as availing the short-term loan for in-country education will help the students in many ways like the reduced upfront cash requirement so that the same money can remain invested in other assets like FDs (Fixed Deposits) and MFs (Mutual Funds). Mostly, the interest rates range from 3-5% which are much lower than the education loans granted generally.

“We are thrilled to join hands with GyanDhan to embark on a new journey in the field of Education Finances. Our hybrid study programs coupled with the convenient facilitation of education loans can help students choose better study programs. This is aligned with our mission of making global education more accessible to students from India. We look forward to help students in realising their dreams of pursuing higher education in-country and abroad by successfully financing their course fees.” said, Abhinav Mital, Co-founder of The WorldGrad.

Apart from the mentioned features, the loan plan comes with numerous prominent features, i.e., students can make complete early repayment at no extra charges, and ambitious students can avail of the full financing for The WorldGrad program selected. The loans will be granted at fixed interest rates. The availed loans will also help the students to secure a loan for future studies easily as there will be existing loan documentation and history.

Last updated on 07 Dec 2022
10:57 AM
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