University Connection along with Crayons Academy for Skills Excellence (CASE) got...
University Connection in collaboration with GyanDhan wants to make students’
study abroad journey less expensive and smooth.
India’s first education financing marketplace, GyanDhan is on a mission to equalize and expand access to education. Providing end-to-end education loan assistance, GyanDhan is a digital-first company that seeks to revolutionize education financing in India.
GyanDhan was started in 2016 by two IIT alumni- Ankit Mehra and Jainesh Sinha, who had worked previously at CapitalOne, USA. Since its inception, GyanDhan has disbursed over INR 1000 crore in study abroad loans to more than 3500 students in India. The company has partnerships with leading financial players in India including the State Bank of India, Bank of Baroda, Axis Bank, and ICICI Bank.
GyanDhan has increased the loan approval rate by 2.5 times by leveraging its partnerships, cutting-edge technology, and a host of data points to gauge the probability of loan approval.
Currently, GyanDhan is backed by investors including ECF (Education Catalyst Fund), Indian Chapters of Stanford Angels & Harvard Angels, and other angel investors including Pravin Gandhi.
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Among the plethora of stories, one is of Kalpesh Boricha. He never realized that taking an abroad education loan can be so difficult. After he got his admission letter from a popular Australian university, he visited almost 20 banks and every bank manager had some or other reason to not give him the education loan. He got so hopeless that he was going to cancel his plan of studying abroad because no bank was ready to give him a loan. He thought the reason for loan disapprovals is perhaps because his home was an MHADA flat or because he scored 60% in his final exam or because of the margin rates.
While he was visiting different banks every day for 30 days in the hope of a loan. One day, he was contacted by GyanDhan. During that time after so many rejections, he highly doubted that GyanDhan could help him. Then he finally decided to give it a try. He was not at all optimistic but within a few days, GyanDhan got his loan approved from one of its partners. Kalpesh writes in his review on Quora- “During those 15 days, there was not a single day that I did not get a phone call by GyanDhan. They kept me updated and gave emotional support I needed. A big thank you to the GyanDhan team!”.
Activities and Events
Webinars and informative sessions
At University Connection, we are constantly connecting with the right kind of resources for our students. Depending on the student’s interest, we align them for internship opportunities, summer schools, community service, encourage them to initiate personal projects, and sign up for online courses.
So if you haven’t started building your profile yet, now is the time to start!
To know more about the different activities and events that students partake in to build their profile, read our blogs on profile building and more.