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Study Abroad: More students financing overseas education with loans from fintechs

Study Abroad: More students financing overseas education with loans from fintech

“While during covid period lending companies did have some issues, they also saw a quick recovery,” he added. Vibha Kagzi, founder and CEO, ReachIvy explained that if a student takes a loan in Indian Rupee at Rs. 75 per US dollar and graduates when the dollar – hypothetically – is worth Rs. 100, the student will be repaying at Rs. 100 exchange rate but while earning in dollars or pounds. “The currency arbitrage is working in the student’s favour. The Indian study abroad education loan market is growing by 10-15% since 2020,” she added.