Frequently Asked Questions


What are the types of loans which I can avail on financepeer.co?

You can apply for following loans:
Zero interest Education Loans – We provide fee financing to students from our partnered institutes with ZERO processing charge and ZERO interest rate. Click here to check the list of our partnered institutes
Education loans at low interest rates
Unsecured Personal loans

How much can I borrow?

You can borrow from:
Upto 100% fees amount in case of education loan
Rs 10,000 to Rs 4,00,000 in case of a personal loan
on our platform subject to your ability to pay the EMI.

What will be the loan tenure?

The maximum loan tenure will be 24 months or course duration(in case of educational loan), whichever is minimum. It also depends on the institute the student belongs to.

Can I pre-pay my loan? Are there any charges?

Yes, you can prepay your loan at any time. For Zero interest Education loans and personal loans Gajju Technologies do not charge any prepayment penalties.

Do you require any collateral?

These are unsecured loans and do not require any collateral.

Will I get my credit score?

Gajju Technologies will provide the bureau as well as internal score.

What documents are required to apply for Education Loans?

Basic Documents:
Admission card obtained from the partnered Education Institute
Fee structure obtained from the partnered Education Institute
Recent colour photo of the student
Recent colour photo of the applicant/Borrower
Any Bill (Electricity, Telephone, etc.) mentioning ID proof of the applicant/borrower
Student Aadhar Card

Additional documents required in case of a salaried borrower are:
PAN Card
Aadhar Card
6 months Bank Statements or you can login with your NetBanking credentials

Additional documents required in case of Self Employed
PAN Card
Aadhar Card
ITR of previous Financial Year

I am studying in an institute which is not listed on www.financepeer.co institute list. Can I avail an education loan?

No. Currently we provide loans only to students from our partnered institutes. In such cases you can apply for a personal loan. If you wish to get your institute partnered with us please contact:
For partnership contact Anmol Agarwal : +91-9004097170
Or write us to partner@financepeer.co
For queries contact : +91 8928080793 / +91 8928084055
Or write to us at support@financepeer.co

What happens if borrower delays the EMI payment?

If the borrower delays the EMI then he/she is subject to pay is liable to pay late charges which are agreed to and specified in the loan agreement.

Can I avail personal loan on this platform or loan for purposes other than education?

Yes, choose personal loan in loan type, if you are looking for personal loans please select ‘personal loan’ option as loan type.

How are repayments calculated? How do I make the repayments?

In case of Zero interest education loans, repayments are equated monthly installments calculated by dividing the total fees amount and # of installments.
In case of education loans with interest and personal loans, repayments are equated monthly installments calculated using the reducing balance method. Your installment per month will remain the same throughout the tenure of the loan.
Borrower has to provide NACH mandate for the EMI amount at the time of loan disbursal. Monthly repayment will be automatically debited from borrower account each month as per the loan repayment schedule calculated at the time of loan closing. PDCs may be collected from the borrowers if required.