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04 SmartFEE
SmartFEE Program
Often, parents find it hard to adhere to the rigid fee structures of educational institutions. Adequate funds are also required to upgrade to a better institution. This puts strain on family savings and may also interfere with the education and growth of the child.
PFL has come up with a unique solution of ‘fee-financing’ wherein we pay the fees of the student upfront to the establishment and collect the amount in monthly instalments from the parents without or at low interest charges. It involves a hassle-free and paperless process with no hidden costs.
This system works better than traditional education loans as it does not create any additional interest payment burden on the borrowers.
It is also beneficial to the institution in the following ways:
- Improved cash inflow
- Reduction in the dropout rate
- More funds for infrastructural developments
In association with Financepeer