After initial signing of agreement with Pragmatic Leaders, the student is referred to the NBFC. A loan contract is signed between the student and the NBFC after the NBFC does a financial due diligence check of the student. The NBFC pays Pragmatic Leaders a partial tuition fee after 7 days of the cohort start date. This fee is paid to cover the tuition costs for the student.
The tuition fee for the PG Diploma program is INR 1,65,000 (including the Refundable Deposit of INR 36,500 or INR 37,620). However, the loan repayment does not get triggered, it is deferred by 10 months (duration of the program). The student will only pay the RD at the time of enrollment in the program.
A loan agreement is signed between the student and NBFC that he will pay the full tuition as well as the placement Fee( INR 2,33,500) once the placement is achieved. This is over and above the RD. Once the student accepts the offer, the EMI will start for him to pay the remaining fee of the program.