Documentation for Loan Process
| EDUFEE - Product | |
| Loans to | Students of Private Creche & Pre- School To College |
| Loan amount | Above Rs 30000/- |
| Tenor | 10 Equated Monthly Instalments (EMI) |
| Rate of Interest (ROI) | Affordable Rate of Interest |
| Processing Fee | Upfront one time Fee of 2% + GST on Disbursed Loan Amount |
| Mode of Loan Re Payment | NACH,Standing Instruction & PDCs (Post Dated Cheques) |
| Penal Interest | Penal Interest 2% pm on overdue amount In case of Delay Payment |
| Pre Closure Charges | Pre Closure Charges 4% + GST on Principal Out Standing |
| Insurance | Optional Insurance coverage of loan amount at the discretion of Parents |
Terms and Condition : 1.Sanction of loans at sole discretion of the company 2.Edufeez is sourcing Partner of NBFC and Disbursement of Loan will be done from NBFC 3.Request to go through fine print of Loan Application & Loan Agreement Kit
