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Collegedekho Loan Facility!

Got the marks but unable to take admission to a college of your choice due to lack of sufficient funds? Missed an admission date because the bank loan approval didn’t come through on time?

This is the worst situation that can come in the way of a student and crush his/ her dreams of getting a quality education from the best college! At Collegedekho.com, we understand your problem and that is why, for the first time in the history of Indian Higher Education, we bring to you, a simple offer – Collegedekho Loan Facility!

How about CollegeDekho.com takes care of all your financial worries and pays your 1st semester fees to the college (duration 5 months) and you can pay a fixed monthly EMI (at 0% interest) to Collegedekho in return?


Collegedekho Loan Facility

Collegedekho has collaborated with NBFC (also known as Non-Banking Financial Company) under the RBI that is engaged in the business of loans and advances, acquisition of shares, stock, bonds, hire-purchase insurance etc.

The loan granting organisations under NBFC to facilitate Collegedekho Loan Facility include: Eduvanz, Liquiloans & Propelld.

How it works

  • STEP 1
    Apply Loan

    Apply to a college through Collegedekho.com or through CAF platform

  • STEP 2
    Avail Loan

    Raise your requirement to avail Collegedekho Loan Facility

  • STEP 3
    Check Eligibility Avail Loan

    Submit docs like Bank Statement, Aadhar Card Pan and Address Proof (Passport, Voter ID, DL etc.)

  • STEP 4
    CIBIL Score

    Apply to a college through Collegedekho.com or through CAF platform

  • STEP 5
    Pay 1st Installment

    At the time of admission, pay 1st installment total semester fees (Plus processing fee of Rs. 885/- only including GST)

  • STEP 6
    Remaining we pay

    Collegedekho will pay the remaining 5 semester fees to the college at the time of admission on your behalf

Note In case of cancellation of college admission, terms & conditions as per college’s Cancellation Policy (minus processing fee) will apply.
Clearance of your loan application is subject to approval by NBFC

Frequently Asked Questions

1. If I avail the Collegedekho Loan Facility, will I be eligible to get a 100% refund on cancellation?

Yes, you will be able to get a 100% refund, but only for the amount paid to CollegeDekho within a 30-days period. The one-time processing fee of Rs. 885 is not refundable.

2. What are the documents required to avail the Collegedekho Loan Facility?

Documents that you will be required to submit to avail the Collegedekho Loan Facility include: ~Aadhar Card ~PAN Card ~3 Months Bank Statement ~Address Proof (Passport, Voter ID, DL)

3. Do I need to pay any extra amount, eg; interest?

This is a 0% interest (interest free) EMI option. Only a standard processing fee of INR. 850 /- needs to be paid by the student.

4. What will happen in case of cancellation after 30 days?

A refund will be made by the college as per College Policy / UGC policy as mentioned in the college offer letter.

5. What will happen with the Hostel fees?

0% EMI is available for upto Rs 70,000 per semester. If the total fee amounts to more than this, the student will incur an additional charge @ 3%, interest rate. For e.g. if the fees including hostel for 1st semester is Rs. 90,000, then total payback by the student will be: Rs. 70,000 (0% EMI) + Rs. 20,000 + 3% on 20,000 = Rs. 600/-). So total EMI will be come 90,600 divided by 6 = Rs. 15,100 /- per month (Plus Rs. 850/- Processing Fee extra)

6. What will happen with the second semester fees?

The refinancing of EMI for 2nd semester fee can happen basis the payment discipline of 1st semester fee and the agency will contact students to refinance, in the last month of 1st semester.

7. If a student cancels the admission within 30 days, will the processing amount of INR 850 also get refunded?

No, the processing fee will not be refunded, only the first EMI paid will be refunded.

8. Can students avail this offer for Diploma / Certificate / Doctorate courses?

Yes, students from all disciplines can avail the Collegedekho Loan Facility.

9. Are schemes of 9 instalments and 12 instalments available for Collegedekho Loan Facility?

No, this scheme is available for 1st semester only, since the semester will get over in 6 months, EMI has to be finished within the 1st semester. (other schemes can be discussed on demand, however they will not have 30-day cancellation window)

10. If a student in 3rd or 4th month decides to pay the rest of the amount in one go, will any pre-closure charges apply?

In this scheme, there are no pre-closure charges, students can finish the EMI whenever they want, by paying the balance EMI’s.

11. What if the student defaults with the EMI payment?

The finance agency will contact the student and college directly to do recovery of their dues.

12. If the student’s semester fee is Rs. 1,00,000 and he wants to avail this offer for Rs. 60,000 and l pay the rest directly to college, is it possible?

Yes, it is possible, however the 30 day cancellation will only be based on 1st EMI deposited and not on the full amount.

13. What will be the EMI date?

The EMI date will be the date on which the loan is approved. Students will have to pay the EMI on same date every month (+/-5 day flexibility available)

14. Suppose a student takes admission on the 29th day of the current month 2020, what will be his first EMI date?

This will be decided basis approval date of the loan, assumed to be (+5 days maximum)

15. Can the student claim 30-day cancellation without availing the loan facility?

Yes the student can take the 30-day No Questions Asked cancellation by paying the 1st semester fee directly to CollegeDekho only.

16. Is this offer applicable to both CAF and direct college applications?

Collegedekho will prefer to extend this offer to students opting for CAF applications, however it will be applicable in both cases.

17. How much time will the loan approval take?

After submission of all documents the loan approval will take 5-6 hours.

18. What if I do not have a PAN Card?

PAN card is only required for co-borrower not for the student. PAN card is a mandatory document. The student can appoint anyone as a co-borrower, as long as she/he is a blood relative. PAN Card and Bank Statements of the same person will be required in this case.

19. What is the method to repay? Whom will the student pay and how?

Payment will be made electronically (ECS). When the loan is approved, the student will get a login, sign all documents and make the first payment from a secure interface provided to the student by Collegedekho.

20. Is the Collegedekho Loan Facility available for distance learning students?


21. Which are the colleges where a student can apply by availing the Collegedekho Loan Facility?

Students can surf through 400+ colleges pan India to avail this loan facility. The list of colleges under this facility cover all streams and degrees and are available for both UG & PG students. Students can go to the CAF platform on Collegedekho to view the list of colleges to apply.

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