Propelld is an education financing platform that helps students to repay their loans. It has partnered with various universities and institutions to help the students for providing loans.
Education loans for higher education are increasing every year. Banks that give these loans have their highest NPA’s (around 12%) in these loans. Students have a hard time securing these loans, ensuring the right collateral and guarantor, take career choices influenced by these loans and have a hard time paying back. There is little private money playing around because of the risks although the market is huge (around $15bn).
We propose to introduce a new financial product that provides students with flexibility, and shifts part of the risk to investors with the capability of taking and managing that risk.
We solve the problem of high education loan repayments by providing flexibility of payments to help students manage their education loans and pursue career choices unhindered by such loans.
PRODUCTS & SERVICES:
Propelld offers an education financing platform that leverages proprietary employability algorithm to calculate the propensity of a student to repay the loans. It analyzes various data points like schools, academic performance, stream and work experience before offering loans to students.