IDP Education announces strategic partnership with State Bank of India to facilitate international student education loans
IDP Education announces strategic partnership with State Bank of India to facilitate international student education loans
Bengaluru, 29th September 2023 – IDP Education, the leader in international education services, signed an agreement with the State Bank of India (SBI), the country’s largest lender, to assist students seeking education loans for their overseas studies.
The collaboration between IDP Education and the State Bank of India signifies an important step forward in the international education sector, as two industry leaders combine their expertise and simplify the financing journey for aspiring students pursuing education abroad.
The agreement was signed by Mr Piyush Kumar, Regional Director – South Asia and Mauritius, IDP Education, and Mr Pankaj Kumar Jha, Deputy General Manager (Personal Loans) SBI, and was graced by the presence of Mr Janmejoy Mohanty, Chief General Manager (Personal Banking), and Mrs Suman Lata Gupta, General Manager (Retail Asset- Personal Banking) from SBI.
Mr Piyush Kumar, Regional Director – South Asia and Mauritius, IDP Education, said, “We are proud to partner with the State Bank of India, the most trusted and the oldest bank in the country. This agreement reflects our commitment to provide the best-in-class services to all the overseas education aspirants of the country. This partnership will make obtaining financial assistance to study abroad a lot simpler and more accessible for countless young minds.”
Mr Janmejoy Mohanty, Chief General Manager, SBI, said, “We are delighted to collaborate with IDP Education. Through this strategic partnership, SBI is poised to create a seamless and supportive pathway for students to achieve their global education dreams.”
IDP Education is a one-stop solution for all the study abroad needs, from course selection to college/university choice, assisting a student with their visa process, helping them with accommodation, scholarship options, education loans, etc. IDP has already established a strong partnership with ICICI Bank and HDFC Credila. With the newly formed alliance with SBI, IDP students will now have a range of options to choose education loan assistance from the top players in the education financing segment.
About State Bank of India
State Bank of India (SBI) a Fortune 500 company, is an Indian Multinational, Public Sector Banking and Financial services statutory body headquartered in Mumbai. The rich heritage and legacy of over 200 years, accredits SBI as the most trusted Bank by Indians through generations. SBI is the largest commercial bank in terms of assets, deposits, branches, customers, and employees.
SBI, the largest Indian Bank with 1/4th market share, serves over 48 crore customers through its vast network of over 22,405 branches, 65,627 ATMs/ADWMs, 78,370 BC outlets. It has spread its presence globally and operates across time zones through 235 offices in 29 foreign countries.
In its endeavour for development of the nation along with development of Human capital, State Bank of India extends financial assistance to meritorious students for pursuing higher education through its unique products.
About IDP Education
IDP Education is a global leader in international education services. With a network of over 170 international student placement centres, it has a global presence in more than 30 countries. For over 50 years, IDP has played a significant role in international education by offering comprehensive counselling services to students and having placed more than 650,000 students into quality institutions in Australia, Canada, New Zealand, the United Kingdom, the United States of America, and Ireland.
Currently, IDP in India has 73 offices spanning 63 cities across the country and guides students and their families through the entire study overseas process – university/course selection, submission of application, assistance with the visa process, pre-departure planning and much more.
IDP Education is a proud co-owner of IELTS alongside the British Council and Cambridge Assessment English. Since its launch in 1989, IELTS has become the world’s most popular high-stakes English Language proficiency test.
