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.
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
Features of Fee Loans
No cost easy EMIs
Tenure- 10 months
Upto 100% of tuition fee
No collateral required
No Processing Charges