1. website. ii. What is the procedure followed


1.      
Frequently Asked Questions-

                                                              
i.     
How do I approach ISFC for availing a loan?

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1.      
For any queries, you may contact our dedicated
staff member over phone or send us an email (mentioned in “Contact Us” segment).
Alternatively, you may also apply for a loan facility online via the ISFC
website.

                                                            
ii.     
What is the procedure followed by ISFC for processing
and disbursing a loan request?

1.      
Customer submits the duly filled-in application
form and provides the necessary documents.

2.      
ISFC credit team assesses the credit worthiness
of the customer.

3.      
Customer signs the final disbursement documents
and carries out other necessary formalities.

4.      
ISFC collects the initial payment from the
customer.

5.      
The loan amount gets disbursed.

*Loan approval is subject to customer satisfactorily meeting the credit
parameters set by ISFC.

                                                          
iii.     
What are the charges that I have to pay for
availing loan facility from ISFC?

1.      
The customer pays EMI over the loan tenure and a
one-time processing fee.

*GST is applicable on processing fee as per govt. guidelines.

                                                          
iv.     
What are the loan repayment options?

1.      
The customer has to repay the loan amount in Equated
Monthly Instalments (EMIs) that comprises of both principal and interest over
the loan tenure.

                                                            
v.     
Do I need to provide any security or collateral for
availing loans from ISFC?

1.      
ISFC offers a wide range of products to fulfil
the diverse need of its customer segments. Depending on the needs of the
customer, internal policies set by ISFC and the portfolio of ISFC products, the
customer may opt for a secured (needs collateral) or unsecured loan (doesn’t
need collateral).

                                                          
vi.     
How can I pay my EMIs?

1.      
ISFC provides a hassle-free experience to the
customers by collecting EMIs via ACH (Automated Clearing House) Payment Service
which enables ISFC to electronically collect payments from the customers every
month by directly debiting the customer’s account. Along with ACH, ISFC also collects
repayment via post-dated cheques.

                                                         
vii.     
Can I prepay my Loan?

1.      
A customer may opt to pre-pay the loan by following
the underlying pre-payment policies set by ISFC.

                                                       
viii.     
Can I apply for a loan if I have an existing
loan running with other company or with ISFC?

1.      
Yes, ISFC extends loan to individuals or
institutions that already have running loans. Approval of such loan requests is
subject to customer meeting certain parameters set by ISFC which depends on the
individual customer and the type of loan the customer seeks.

                                                           
ix.     
Which are locations where I can avail Loan
facility from ISFC?

1.      
ISFC locations for Institutional Loan

2.      
ISFC locations for Commercial Vehicle Loans,
Shikshak Loans and Shishya Loans.

2.      
Existing Partnerships

a.      
MASP – Microsoft Aspire School Program (MASP) is
a pioneer program that aims to equip schools with state-of-art technology
solutions. It offers wide spectrum of solutions to K-12 schools to prepare future
ready students and enhance their learning experience. ISFC and TAG (Tech Avant-Garde)
has entered into a collaboration wherein both ISFC and TAG are able to pool
their resources in order to pursue their common objective of improving the
quality of education in schools.

b.      
MSDF –Michael and Susan Dell Foundation opened
office in India in 2006 with the objective of improving the quality of education.
Though the enrolments in schools have been increasing, a large proportion of
these students continue to be below grade level. ISFC and MSDF are working in
collaboration to foster high quality education and improve the learning level
outcomes in Schools.

c.      
SEP- Shin Edu Power is an organization which provides
individual mathematics e-learning solution with Japanese teaching methods and
technologies for students at primary school. Along with e-learning solutions
the company also imparts life skill educations to the students enrolled in its
programme. ISFC is working with SEP to enrol schools into the “Surala Ninja”
programme wherein the schools are able to improve the quality of education by
enrolling its students into the Surala Ninja e-learning programme.

3.      
Suppliers to Education Market

a.      
Type of supplier

b.      
Location of supplier

c.      
Name of supplier

4.      
Customer Feedback/Testimonials

a.      
Photos and Testimonials of happy customers / Words
of appreciation

5.      
Credit Worthiness of an Applicant

a.      
 What is CIBIL?

                                                              
i.     
Credit Information Bureau India Limited (CIBIL),
is a credit information company that records and maintains credit related information
of companies and individuals. This credit related information that includes the
borrowing history and loan repayment history of institutions and individuals is
received from its partner banks and other partner institutions on a periodic
basis. Depending on these information, CIBIL generates a detail credit report
on each of these individual or institution.

b.      
What is CIBIL Score?

                                                              
i.     
CIBIL Score is a credit score generated by CIBIL
that gives a quick idea of the credit worthiness of an individual or an
institution.

c.      
What is the importance of CIBIL Score?

                                                              
i.     
Banks and other financial institutions consider
CIBIL score as one of the important factors for evaluating and approving a loan
application.

d.      
How is the CIBIL score affected in case of a
defaulting/failure to pay EMIs?

                                                              
i.     
In case of defaults made by the customers, the
CIBIL Score gets deteriorated. A loan applicant’s chance of loan approval gets
negatively affected when the CIBIL Score deteriorates.

 

6.      
Recent news on education sector

a.      
Budget 2018: Education sector to get a boost by
up to 14%

                                                              
i.     
Source – http://www.business-standard.com/article/economy-policy/budget-2018-education-sector-to-get-a-boost-by-up-to-14-118010200526_1.html

b.      
Top education news that made headlines in 2017

                                                              
i.     
Source –

Top education news that made headlines in 2017

c.      
Education Sector- The Year Gone by and Positive
Outlook for 2018

                                                              
i.     
Source – http://bwdisrupt.businessworld.in/article/Education-Sector-The-Year-Gone-by-and-Positive-Outlook-for-2018/22-12-2017-135471/

7.      
ISFC in events

 

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