GyanDhan Launches 'GyanDhan Allied'
GyanDhan launches GyanDhan Allied, a group buying plan for abroad education loans
GyanDhan, an education financing marketplace, has launched a student loan negotiation plan- GyanDhan Allied. It is a venture that can potentially disrupt the traditional ways of negotiating the loan interest rates with the lenders. The idea is based on leveraging the power of unity as alone, students have no edge to negotiate interest rates.
It allows students going to pursue postgraduate courses abroad to use collective bargaining to attract banks to compete for their loans and offer lower interest rates. The best part is, joining is free and there is no obligation to take the deals they negotiate. Although it may sound complicated, the idea is quite simple. The venture gathers large groups of students who need abroad education loans without collateral and negotiates with lenders to get the lowest interest rates. Its members get lower rates when they are part of the group than if they were to apply for a loan themselves.
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