For Parents & Students
EdCred Fee Loans is a service through which you can take upto 100% of the tuition fee as loan. The fee is paid directly to the institution & the parents have to repay the amount in monthly EMIs at no additional cost (ZERO COST). Parents can only avail this service when the institution partners with EdCred.
Features of Fee Loans
No cost easy EMIs
Tenure- 10 months
Upto 100% of tuition fee
No collateral required
Problem Area
- Unavailability of funds to pay in large installments for education (Yearly or Quarterly)
- No automated convenient process of paying monthly & auto-debit to avoid defaults
- Education Loan from banks require a lot of coordination & efforts between the institution & the bank
- High Interest to be paid on education loan from banks
- Repayment starts only after the completion of the course, loan amount increases significantly
- Initial amount to be paid by the parent and then to be reimbursed by the bank
Why EdCred Fee Loan ?
Pay Yearly fees in ZERO Cost monthly EMIs
Auto debit facility to pay EMIs from monthly salary/income
Improve your credit score to avail easy financial services in the future
Get pre-approved easy loans from MS FINCAP
EdCred is associated with the college/school so no efforts to be made by parents
Hassle-free & easy application & documentation process
Get financing every year for your children, auto-renewal of the service
Better planning of expenses & reduced burden of education of the child