Skip to main content
Please wait...

Student and Education Loan

If your institution offers Education Loans to customers you will need an application that can handle the various types of individuals and the variations in norms and documentation like handling the income documents of the salaried individuals and practicing professionals like Doctors and Chartered Accountants.

 

What is Education Loans?

Education Loans are advances provided to customers so that they can pursue an education qualification of their choice. The loan is usually backed by collateral and has an holiday period. The loan is advanced to the customer and the parent is included as a co-borrower. The tenure of this loan can be between 12 months to 180 months

 

AnyBank Suite and Education Loans

The AB Suite can handle financial products targeteted at different types of customers. Parameters are defined for a product and for the Customer Constitution.  This allows us to handle Student and Education loans of varying tenures. It also allows us to handle variations in the quantum of loan funded. The product configuration can include structured fees and levies that are not limited to Processing, Documentation and Advance EMI's. Documents are specific to the customer constitution and can include among others the

  • Employment Proof
  • Identity Proof
  • Proof of Residence
  • Income Proof (Salary Slip, IT Returns)
  • Bank Statement

 

Computation of Eligibility Norms and Credit Norms is automatic. We also offer interfaces to credit bureaus to fetch the credit report automatically. Interest computation on Loan accounts is automatic and can be based on an amortization schedule or Daily reducing balance method. We offer ACH, PDC's and on field collections as repayment methods. We also offer payment by several payment gateways. 

 

Delinquencies flow into the delinquent module called AB CAPE and cases are allocated based on an allocation logic. Telecalling and field visits are recorded before cases are escalated and moved to various buckets as DPD increases. Case documentation and Case filing is also supported with readymade templates. AB CAPE also offers a method to securitize loans.

Features to Reinvent Your Education Loan Functions

Fascinating loan features that can improve customer delight.

CRM
  • Customer Constitutions
  • Bulk Upload
  • Geo Tagging
  • Campaign manager Integrations
  • Sales Dashboards
  • Lead Tracker
Origination
  • Document Management
  • Eligibitliy Norms
  • Credit Norms
  • Scoring
  • CPC or Branch configuration
  • Dedupe and Risk Management
Underwriting
  • Exhaustive Rule Repository
  • Automatic Credit Bureau Check
  • Automatic Ratios
  • Multiple Repayments
  • Field Investigations
  • CAM Report
Lending and Repayment
  • Tranche based Lending
  • Vault Management
  • Repayment Management
  • Loan Management
Financial Accounting
  • Charge Management
  • Accounting Template
  • Bank, Cash and Journal Vouchers
  • Trial Balance
  • Balance Sheet
Delinquency Management
  • Agencies 
  • Call Log
  • Visit Log
  • Receipt Books
  • Securitization

Send Us A Message Now.

Tell us a little about yourself, and we will be in touch right away

* indicates required

Please select all the ways you would like to hear from Sastra Technologies Pvt. Ltd.,:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.




 

 

About

Sastra Technologies is a technology firm that serves new age Fintech companies, Small Finance Banks, payment Banks, Banks, Non-Banking Financial Companies and Financial Institutions. Our philosophy is to develop products that are cost effective so that our clients derive value using them. For the last 7 years we have done so by embracing cloud technologies and developing unique capabilities that allow us to offer a value proposition that is unmatched in the industry today.