What are the steps of loan setup and fee payment through the NBFC partner Propelled?

What are the steps of loan setup and fee payment through the NBFC partner Propelled?

A. Once your loan documentation is done. Your loan will be setup in two steps for the program fee INR 4,20,000/-


 1. At the time of admission for loan value 1 -  INR 2,82,495/-

 2. Post placement for Loan Value 2 - INR 1,37,505/-

 

At the time of admission you have to pay the refundable deposit INR 56,499/-  rest fee is to be paid post placement in easy EMI.

 

Post placement you have the following options available for Tuition fee payment -

a) Your first EMI will be due in 30 days.

b) You can pay the whole amount and close the loan immediately.

 

For loan value 2, a loan will be setup for INR 1,37,505/-. You have the following options available for placement support fee payment -


a) Your first EMI starts in 30 days.

b) You can pay the whole amount and close the loan immediately.

c) You can opt for a holiday period of 3 months, in which case your EMI will start after 3 months of placement, in this case the interest rate will be slightly higher.

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