We are experts in the realm of student loans in India. Our experience allows us to create a reliable product and a hassle-free experience.
Our focus is entirely on students and their financial situation. You are our bread, butter, idly, dosa, poha, etc. and will get our undivided attention.
We offer an entirely student driven product which is independent of both co borrower and collateral.
Apart from tuition fees we offer support for living expenses as well. We offer a complete digital process for faster loan processing.
We are industry veterans with decades of experience in the world of student finance.
We have systematically identified problems and pain points in the student loan and finance eco-system and are creating niche products for one purpose and one purpose only – to ease the lives of students and to provide them better opportunities.
Also we have been seed funded by a large and reputed private equity fund from Silicon Valley.
Is Kuhoo an NBFC ?
Kuhoo is not an NBFC. Kuhoo is a technology platform which connects borrowers to our lending partners which are RBI registered lenders such as NBFCs and banks. The loans are approved and disbursed by NBFCs and banks directly to the borrowers.
The product is designed to help Engineering and MBA students who need finance for tuition fee and other education expenses for the last 1-2 years of their course. Thus, 3th and 4th year Engineering and Final year MBA students can apply.
Yes, students pursuing dual degrees can apply for funding for 4th and 5th year.
The various purposes for the loan could be tuition fees, living expenses, various courses, and certifications, purchasing Laptops, smartphones, books etc.
Yes, you can opt for only a few of the costs as per your requirement subject to the upper limit.
For Engineering Students – Up to Rs 4,50,000
For MBA Students – Up to Rs 5,50,000
The minimum loan amount which can be obtained is Rs 50,000.
Maximum tenure of the loan is 8 years.
It takes 2 minutes to check eligibility, approximately 15 minutes to submit the application and 3-4 days to receive a conditional offer.
Your own contribution to your loan is known as Margin Money. However, it is not required for this product.
Yes, you can avail the loan for a lower amount than the upper limit as per your requirement.
PAN Card
Aadhar Card
Passport size photo
10th and 12th marksheets
Previous degree transcript/marksheet (for MBA students)
Current course marksheets till most recent term/semester
Savings bank account statement for last 6 months
*All documents should be of the student
Know-your-customer (KYC) documents like Permanent Account Number (PAN) are mandated by the regulator.
There is a one-time only fee for processing your loan application, which is about 2%+GST.
This is an entirely student driven product independent of co-borrowers which instils a feeling of pride, self sufficiency in the student. Thus no guarantor or co-borrower is required.
Yes, if you are able, you can definitely prepay your student loan; there are no prepayment charges.
There are 2 repayment options available –
Full PEMI option – Full interest payment of the loan amount disbursed. This is to be paid during the study* and grace* period before the actual EMIs start
Partial PEMI option – Partial interest of Rs. 2000 or more to be paid to make the payments more affordable during the study* and grace* period. EMIs will start after grace period.
Study period* – 12-24 month remaining period of the course
Grace period* – 12 month period after course completion
The funds will be disbursed in the favour of the university through NEFT/RTGS. However, the living expenses will be credited to the students or the parents’ account. In case of reimbursement of fees, proof of payment of fees to be submitted after which the funds will be credited to the student’s/parents ac.
The loan amount will be disbursed in tranches as per the demand raised for tuition fees by the Institution.
No proof is required for living expenses. However, loans taken for specific expenses such purchase of gadgets etc. additional proof such as invoice etc is required.
You can avail the loan with your parent’s/family members as co-borrower .
