This is probably the first time that you will be availing of a student loan of this quantum. Direct sales agents at the lenders or Banks are incentivized to process and close as many applications as possible as their performance and compensation are primarily based on this factor. Mis-selling has become a common practice to ensure internal targets are achieved.
At Collegepond Services, we have witnessed this trend time and again. We understand that the loan amount and repayment of the same is a significant burden to the family. Hence, we want to ensure that we are able to minimize the impact on all fronts, from reduced Processing Fee (PF) to lower interest rates and insurance amounts. Due to the sheer volume of students we work with, we have negotiated attractive wholesale deals with all the leading lenders at rates and PF charges that much lower than the industry average. Our loan approval rates also tend to be higher than the industry average
Collegepond Education Loan Assistance
In an endeavour to continuously provide value-added services that will help reduce the overall cost of your education abroad, we are pleased to introduce Collegepond Services, an initiative focused on helping you source funding at the most economical rate through some of our leading lenders.
At Collegepond, we want to demystify this opaqueness and create an environment wherein lenders chase students for loans. We intend to follow a 4-step process:
Collegepond Education Loan Process:
1. We’ll appoint a Collegepond Loan Counsellor to study your profile and understand your education loan requirement in detail.
2. Your Loan Counsellor will then relay the same to all lenders on a no-name basis and see which lender provides the most competitive package. This will create a sense of competition among the lenders.
3. Communicate the same with the parent and student and arrange a meeting with the most competitive lender to process the paperwork.
4. You can continue to stay in touch with your Collegepond Loan Counsellor to follow up on your loan sanction and disbursement process.
As a first step, fill the below questionnaire to determine your interest in obtaining loans. Once we receive the completed questionnaires, we will begin inviting you to the office so that we can understand your needs.
NOTE: Students availing the loan through Collegepond will also get free VISA and Financial counselling.
For any queries, get in touch with us at [email protected]
What Our Students Say
No one can tell you more about what it’s like to consult Collegepond than the people who matter most to us— our students. So we take pride in letting them speak for us. Read what they have to say, in their own words, and you’ll see why we’re so confident that you, like them, will be happy to enroll with us for the right guidance.
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