Avail 0% EMI on credit for 20 education platforms, here are the details

ZestMoney, an AI driven EMI financing venture is offering 0% EMIs on education on its platform. These financing options are available at about 20 education platforms like GreatLearning, BITS Pilani, UPGrad, CueMath, Simplilearn, Springboard etc. Aimed at benefiting over 5,00,000 potential students, the financing can be availed at zero interest cost, making higher learning a viable opportunity for many.

“Students aspiring for higher education often face a dearth of financial assistance. Mostly, it comes with a premium attached, making the decision tougher than it ought to be. Our EMI financing is aimed at making education affordable, and a reality for everyone. Our AI driven platform ensures seamless and swift delivery of financing, making it easier for students to pursue their dreams,'' said Lizzie Chapman, Co-founder and CEO of ZestMoney.

In India, the higher, vocational and online training industry is valued at approximately $48 million and is expected to grow aggressively with the advent of emerging technology, and the increasing demand for coding, blockchain and engineering professionals.

The increased popularity of digital loans is driving its huge demand in the market, and the masses are opting for it in preference to credit cards. On ZestMoney alone, over Rs 1,500 crore worth of loans for skill development are set to be disbursed within the next year and the numbers are steadily rising. 

ZestMoney is built on the platform that can improve the lives of more than 300 million households in the country, who currently have no access to credit cards or any other formal financing options because of their insufficient credit history. The unique model of the company uses mobile technology, digital banking and Artificial Intelligence to make life more affordable for millions of Indian consumers.