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Frequently Asked Questions

1. What is the eligibility criteria for an education loan?

  • We provide education loans to parents or guardians for their child's K12 schooling or coaching fees. You must have a stable source of income and the school or institution must be on our partner list. Detailed criteria will depend on the specific loan and repayment options selected.

2. How long does the loan approval process take?

  • Typically, loan approvals are completed within 15-30 minutes.We strive for a quick turnaround so that students and parents can focus on education, not paperwork.

3. What documentation is required to apply for an education loan?

  • Basic documentation includes identity proof and income proof.

4. What happens if I miss an EMI payment?

  • If you miss an EMI payment, our customer support team will reach out to help you explore options such as adjusting the repayment schedule or temporarily postponing payments based on your situation. We strive to make education loans as stress-free as possible.

5. Can I apply for a loan to cover coaching fees and school fees together?

  • Yes, we offer combined loan packages that can cover both coaching and school fees. This allows you to manage all education-related expenses under one repayment plan.

6.What are the interest rates for different types of loans?

  • Our interest rates start as low as 0% for select repayment plans. Rates vary depending on the loan term, type of institution, and other factors. Our team will provide a detailed breakdown based on your specific needs.

7.Can international students or schools apply for financing?

  • Currently, our services are limited to schools and institutions in India. International students attending partner institutions may be eligible under specific circumstances. Contact us for more details.

8. How does Smaart EdSolution ensure data privacy and security?

  • We are committed to protecting your personal and financial data through encryption and secure data storage practices. Our platform complies with all applicable data protection regulations to ensure your information is safe.

9. What are the benefits for educational institutions in partnering with Smaart EdSolution?

  • Institutions benefit from timely fee payments, enhanced cash flow, and improved relationships with parents by offering easy and affordable payment options. We also provide a live tracking portal to monitor payments and support flexible subvention schemes.

10. Can I choose a flexible repayment tenure?

  • Yes, we offer flexible repayment options from 3 months to 36 months, allowing you to choose a plan that best fits your financial situation. Additionally, we provide no-cost EMI options for select loans.

11. How is Smaart EdSolution different from traditional bank loans?

  • Unlike traditional banks, we focus specifically on education financing, offering faster processing, lower interest rates, and flexible repayment options. Our partnerships with schools and coaching centers also allow for direct fee payments, simplifying the process for both parents and institutions.

© 2024 by Smaart EdSolution

Har Vin Edsolutions Private Limited

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