Frequently Asked Questions
Questions, Answered
Grouped by topic so you can find what you need quickly. Still stuck? Call us or message us on WhatsApp.
Eligibility
Who is eligible for a FeesVala loan?
Students with a confirmed admission letter from a recognized institution abroad, a co-applicant with a stable income source in India, and a minimum of 60% in their previous qualifying degree or standard.
Do I need a co-applicant?
Yes — a parent, guardian, or close relative with a stable income source in India is required as a co-applicant for our unsecured loan product.
Is there an age limit for applicants?
Our typical applicant is between 18 and 35 years old. Profiles outside this range are considered case by case.
Can I apply if I already have an education loan?
Yes. We evaluate your combined loan exposure and repayment capacity alongside your co-applicant's income before confirming eligibility.
Loan Terms
What is the maximum loan amount?
Our flagship product provides unsecured loans of up to ₹60L, based on the student's academic profile and the co-applicant's income stability.
What are the interest rates?
Rates currently range from 8.5% to 11.5% p.a., depending on profile, university ranking, and country of study.
Is collateral required?
No. Loans up to ₹60L are unsecured — no immovable property or liquid assets are required as security.
Are there processing fees?
[Fee schedule to be added — confirm current processing fees with partner lenders before launch.]
Process & Timelines
How long does approval take?
Approval decisions are typically issued within 1 week of submitting a complete application, though this varies by profile and partner lending institution.
How long does disbursal take?
Once approved, funds are typically disbursed within 10–14 working days, including university verification and account setup.
What documents are required?
Generally: your admission letter, academic transcripts, co-applicant income proof, and KYC documents for both applicant and co-applicant. Our team confirms the exact list for your profile after you apply.
How do I start my application?
Repayment
What is the moratorium period?
Repayment typically begins after a moratorium of course duration plus 6–12 months, giving you time to begin working before EMIs start.
What is the maximum repayment tenure?
We offer flexible repayment tenures of up to 15 years, starting after the moratorium period.
Can I prepay or foreclose my loan?
[Prepayment and foreclosure charge policy to be added — confirm with partner lenders before launch.]
What happens if I miss an EMI?
[Late-payment policy to be added — confirm with partner lenders before launch.]