There is a one-time only fee for processing your loan application, which is about 2% of the loan amount.

No, there is no upper limit to the amount of student loan for studying abroad, but we structure our loans based on how much money you would require and your ability to pay it back. However, a higher loan amount might require collateral. This depends on how big the loan amount is and the creditworthiness of the principal borrower.

No. You can apply for a student loan before getting admission confirmation from University / College. You’ll get a conditional loan sanction letter if your case is approved. This helps many students get confidence that their funds can come from Kuhoo. Students and parents feel confident in applying for better colleges without worrying about how to fund the education cost.

Yes. Work Experience and profile are key indicators in the loan assessment procedure, but these are not the only criteria for sanctioning as there are numerous other parameters involved.

The co-borrower should be an Indian citizen who would agree to co-sign and execute the loan agreement and other documentation, who is able as well as promises to service the interest in the moratorium period comprising of the study period and grace period and in the event of the student’s inability to repay the loan would repay the instalments of the loan and/ or provides the collateral security.

Parents, brothers, sisters, spouses, parents-in-law, and grandparents can be your co-applicants.

Yes, you can pre-close your loan any time during the tenure.

Here is a list of some of the documents that you would need:

• Basic KYC (Aadhar, PAN Card) documents of the student and co-applicant.
• Academic Documents (SSC, HSC, Graduation, etc., whichever is applicable) of the student and a valid PASSPORT (if availing of an education loan abroad).
• Income Documents of the co-applicant/s (pay-slips, bank statements, Form 16/ITR).
• Property Documents (if applicable).

Your repayment amount will be based on the actual disbursement and repayment scheme as applicable to the institute.

Yes, Kuhoo accepts multiple and multi-city co-applicants. If the eligibility of the primary co-applicant does not fit the Student Loan eligibility, they can add more co-applicants. We support multi-city co-applicants as well.

Kuhoo covers tuition fees, examination fees, living expenses, travel expenses, pre-admission costs, and any other course costs.

The loan application will be processed in two phases:

• For in-principle sanction
• For disbursement of funds
  The in-principal sanction letter would be given within five days from receipt of the completed Application Form and the supporting documents.
  Similarly, the disbursement would be completed within three days from the date of receipt of all post-sanction documents & completion of the underlying post-sanction process by the customer.

We normally check:

• Student’s past academic track record.
• Quality of institute/college and course the student wishes to pursue.
• Student’s ability to get an appropriate job after the course that he/she is seeking a Student Loan for.
• The potential salary is also estimated to calculate the eligibility for the loan amount. Also, the credit histories of the applicant and co-applicants play an essential role in approval.
• Lastly, the value and type of property being offered as collateral security for higher value loans.

Usually, students seek student loans for professional courses with relatively higher fee structures. However, the quality, reputation, accreditation by renowned authorities, etc., are a few parameters on which the banks and Financial Institutions decide to extend loan programs.

The repayment periods are generally driven by our evaluation of the student’s potential earning capability and the risks we perceive in extending any particular loan.
We understand that students want to start repaying loans immediately after getting a job. However, they may find higher EMIs (due to shorter repayment periods) at the start of their careers very challenging. Thus we offer longer tenure to facilitate a smooth transition from campus to corporate. This way, they can start their earning and professional lives with positive credit histories that help them take other loans in the future.

You can change your loan amount after receiving and accepting conditional approval from us. You can reduce your loan amount any time before you sign the final loan agreement, which happens when you arrive on campus for the start of class. You may also request an increase in your loan amount; however, it isn’t guaranteed. Our credit committee will need to approve your new loan amount. Keep in mind that the associated convenience fee will also increase.

No. We have attractive Unsecured Student Loan products basis the strength of student/co-applicant/s. However, collateral may be required if the loan requested doesn’t qualify for a collateral-free loan.

The collateral should be any one of the following:

• Moveable Collateral – Fixed Deposit
• Immoveable Collateral – Flat, House, Bungalow, Land (Non-Agricultural), Shop, etc.