Education Financing Made Easy with GradRight’s PhonePe Partnership

GradRight PhonePe

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

GradRight primarily serves students from over 2000 tier 2 and 3 towns and cities in India. These students typically need more access to quality social networks, counselling, 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 nationwide. 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 families in every corner of India. The partnership changes the game by expanding our service opportunity to thousands to millions of students. Our technology-first approach offers us a unique advantage in matching the speed and reliability of PhonePe and serving its students and parents who wish to avail of 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 trend over the last few years. This collaboration leverages PhonePe’s massive 535+ million user base with GradRight’s expertise in financing overseas education. It helps us empower students with convenient access to higher education funding through secured lending solutions directly within the PhonePe app.” 

GradRight offers various 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, counsellors to help finance their students, and insurers to offer customised health insurance plans unique to each college and student’s requirements.

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