Education fintech leader Propelld announced a collaboration with Chandigarh University that will help deserving students access study loans up to Rs 25 lakhs.
As per the MoU signed by NBFC Edgro (a wholly owned subsidiary of Propelld) and Chandigarh University, students of the university can avail of study loans for their higher education.
Brijesh Samantaray, Co-founder of Propelld, a fintech start-up that offers educational funding, said: “It is our mission to offer students in every corner of India, the same access to high quality education as their peers in metro cities in India or abroad. Chandigarh is the hub for students seeking to pursue education either in India or globally. Today, NBFCs like Edgro are bridging the financial gap by enabling a wider section of students to fulfil their academic aspirations.
Rajesh Madan CFO, Chandigarh University, said: “With their customized loan products and easy EMI options, Propelld has empowered about 50000 regular & online students. We recognize the importance of education, which is why we are proud to offer student friendly study loans to students in need with no collateral. Propelld makes easy to apply study loans are 100% digital with minimal documentation and quick processing.”
