GradRight, the World’s first AI-driven Edfintech platform connecting students, universities, and lenders, has partnered with PhonePe, India’s leading digital fintech company, to extend its education loans services for Indian students.

GradRight primarily serves students from over 2000 tier 2 and 3 towns and cities in India. These students typically have limited access to quality social networks, counseling, and financing services. With this partnership, GradRight intends to deepen its reach and power a seamless financing services experience for PhonePe’s unmatched network of 535+ million registered users across the country. Through this integration, students and parents can now conveniently access the GradRight platform within the PhonePe app and get education loans of up to 2 crore with competitive interest rates starting from 9.25%.

Speaking on the partnership, Aman Singh, Co-Founder, GradRight said, “This collaboration is a testament to the power of technology in making education more accessible and affordable for students from lower- and middle-income students, in every corner of India. The partnership changes the game by changing our service opportunity from a few thousands to millions of students. Our technology-first approach offers us a unique advantage to match the speed and reliability of PhonePe and serve its students and parents who wish to avail education loans”

Speaking on the launch, Hemant Gala, CEO, PhonePe Lending said, “We are excited to partner with GradRight to offer Education loans through our newly launched Secured lending platform. Education loan is a very large market & within that, the study abroad loan market has been showing an upward growth trend over the last few years. This collaboration leverages PhonePe’s massive 535+ million user base with GradRight’s expertise in providing overseas education financing, and helps us empower students with the convenient access to higher education funding through secured lending solutions directly within the PhonePe app.”

GradRight offers a variety of services beyond financing to empower all stakeholders in the international higher education ecosystem. It also helps students find the best-fit colleges and programs, universities to find and market themselves to the best-matched students, counselors to help finance their students and insurers to offer customized health insurance plans, unique to each college and student requirements.