Scholfe works in the world of educational funding, empowering students and institutes with the financial support needed to optimize their potential. We provide deserving candidates with easily repayable loans at zero percent interest, making it easy to pursue a dream education. Simultaneously, we partner with institutes to help advance their cash flow and expand their potential as education providers.
Parents/guardians/individuals looking for financial support for their child’s/one self’s education at any institute recognized or partnered with Scholfe are eligible to apply for an educational loan. If the applicant is not working and has no prior work experience, a co-applicant is mandatory.
Depending upon the strength of the applicant’s profile and the principal borrower’s creditworthiness, Scholfe’s loan will cover up to 100% of the course fee, transportation fee, book fee, and uniform fee.
Scholfe will communicate its decisions within 2-3 hours of the applicant choosing to apply at any recognized or partnered institute. Suppose the candidate applies to a non-partnered institute. In that case, Scholfe will revert within 24 hours from the time of the receipt of the application (provided that the application was complete in all respects).
The loan is disbursed in entirety or convenient installments when the application is completed or the course commences. The amount is directly sent to the institute of the applicant’s choice upon completing all the necessary formalities. This is taking into account the requirement of funds and/or the fee schedule assessed by Scholfe.
Scholfe may or may not insist on collateral or security in specific cases depending upon the quantum of the loan amount, the strength of the applicant’s profile, and the principal borrower’s creditworthiness
Repayment starts immediately from the day of the disbursal or commencement of the course at the institute, with the candidate paying the first instalment on the first day itself.
At present, Scholfe does not charge any additional fees or costs of any nature.
The maximum tenure for an educational loan from Scholfe is 36 months. However, Scholfe reserves the right to define the entire term in every case as per the borrower’s creditworthiness.
If the applicant is not working or does not have any work experience, the parent (s) or guardian will be treated as co-applicant of the educational loan. His/her role will be similar to that of a primary debtor.
Scholfe works in the world of educational funding, empowering students and institutes with the financial support needed to optimize their potential. We provide deserving candidates with easily repayable loans at zero percent interest, making it easy to pursue a dream education. Simultaneously, we partner with institutes to help advance their cash flow and expand their potential as education providers.
Parents/guardians/individuals looking for financial support for their child’s/one self’s education at any institute recognized or partnered with Scholfe are eligible to apply for an educational loan. If the applicant is not working and has no prior work experience, a co-applicant is mandatory.
Depending upon the strength of the applicant’s profile and the principal borrower’s creditworthiness, Scholfe’s loan will cover up to 100% of the course fee, transportation fee, book fee, and uniform fee.
Scholfe will communicate its decisions within 2-3 hours of the applicant choosing to apply at any recognized or partnered institute. Suppose the candidate applies to a non-partnered institute. In that case, Scholfe will revert within 24 hours from the time of the receipt of the application (provided that the application was complete in all respects).
The loan is disbursed in entirety or convenient installments when the application is completed or the course commences. The amount is directly sent to the institute of the applicant’s choice upon completing all the necessary formalities. This is taking into account the requirement of funds and/or the fee schedule assessed by Scholfe.
Scholfe may or may not insist on collateral or security in specific cases depending upon the quantum of the loan amount, the strength of the applicant’s profile, and the principal borrower’s creditworthiness
Repayment starts immediately from the day of the disbursal or commencement of the course at the institute, with the candidate paying the first instalment on the first day itself.
At present, Scholfe does not charge any additional fees or costs of any nature.
The maximum tenure for an educational loan from Scholfe is 36 months. However, Scholfe reserves the right to define the entire term in every case as per the borrower’s creditworthiness.
If the applicant is not working or does not have any work experience, the parent (s) or guardian will be treated as co-applicant of the educational loan. His/her role will be similar to that of a primary debtor.