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Solutions for every

Education Loan Product

Financial institutions can use education loan software to expedite and simplify the complicated processes involved in granting student loans.

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Challenges Financial institutions face
in
Education loan Industry

From the development to the repayment stage, the process of granting education loans is quite difficult from other loan products. While dealing with these education loan products, Retail and Corporate institutions face the following challenges:

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Lengthy Repayment Period

As the loans are not repaid till a year after completion of the course, managing them and maintaining the records of repayments becomes a difficult task.

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Scalability is a major issue

If the old systems are only used by institutions as with an increasing no. of borrowers, then it may become difficult to manipulate and scale up the solutions might become expensive.

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Hard to fetch credit information

Generally it becomes burdensome to fetch the credit information of a specific borrower from a different branch. Thus updating them becomes difficult.

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Streamlining is time-consuming

Managing the ever-updating database is difficult to handle. Managing the ever-updating database is difficult to handle.

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Our Solutions

At Synofin, in addition to supporting student’s higher education objectives, we also assist in the development of India’s educational institutions. These are the standard education loan offerings:

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  • Study Loan

  • Higher Education Loan

  • Study Abroad Loan

  • Executive Education Loan

  • Education Refinance Loan

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  • Education Institution Loan

  • Infrastructure Loan

  • Construction  Loan

  • Land Loan

  • Refinance Loan

Synofin Offerings for Education Loan

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  • Mobile App for Institute Onboarding

  • Mobile App for the assisted customer journey

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  • Web portal for Lead Management

  • Mobile App for Credit Assessment

  • Web Portal for Video KYC

  • CRM for customer and Internal Servicing

  • LMS and Accounting

  • Business Rule Engine

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  • Mobile App for Self Onboarding -Secured Loans

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Frequently Asked Questions

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