FAQs
1. Why DREAMFINN?
DREAMFINN provide a platform for Borrowers and Lenders to reduce the complexity in Education Loan .Our Counselors process on Student Satisfaction. Endeavor to provide the best possible quality to the meet the expectations by each students. We are friendly with our customers,we can solve problem and provide loan
2. Are there any tax benefits that can be availed on an Education Loan?
Yes , you can avail tax benefits on the interest payments of your Education Loan. This will come under section 80E the Income tax Act.
3. When do I start repaying my Loan?
Repayment Models will vary from Banks to Bank. Below are the following Models * Full Moratorium/ * Partial Interest payment Moratorium * Full Interest Payment Moratorium
4. Is any Collateral Required?
Its depends upon Academics of student, course you study, country and amount you required.
5. Does DREAMFINN Provide Financing?
No, DREAMFINN doesn’t provide financing. We have partnered with Lending Bank and Non Banking companies under RBI norms in India and Abroad,In addition we have facility for private individuals to start borrow through our platform
6. Is there any charge for the services offered by DREAMFINN?
NO. We do not charge any fee for our services from the student. In case someone demands you on our behalf, please report to us immediately.
7. How does DREAMFINN Makes Money?
We make agreement with our partnering banks and non banking financing Institutions .We charge some origination fees from our financing partners.
8. Who runs DREAMFINN ?
DREAMFINN has corporate office in Chennai , which is guided and managed by 17+ years Experienced Education Loan Expert.
9. How should I contact DREAMFINN ?
You may contact DREAMFINN by Simple steps.Fill the form given in the website and our dedicated Education Counsellor contact you within two working hours.
10. When should I apply for loan in DREAMFINN ?
Once you decide to Study in abroad, start processing your financial needs in advance of your actual study timelines.
11. What service does DREAMFINN provide?
We provide services which includes collection of documents, working closely with institutions to address the credit norms and possibilities of getting the loan sanction at the earliest. In addition we make arrangements for travel insurance,Air ticketing and FOREX.
12. What happen after submitting loan Application?
Your loan application will be reviewed and we will get back to you if any additional documentation or clarification required.On completion of your application,our financial partners will be funding you within the timelines.
13. What factors will affect Education Loan Amount and Rate of Interest?
Its depends upon various factors like Student Academic, Entrance Scores like (GRE,GMAT,TOEFL,IELTS…), Country of study and Colleges or Universities,Co-Applicant income and credit history.
14. Who is Eligible to apply for Educational Loans?
All the students with academic records and eligible Age group
15. Can I apply without receiving an admit from any of the college?
Yes, you can apply for USA and CANADA with proper Entrance Score card Sheet.
16. What are the types of Education Loan available on the platform?
There are two platforms: 1. Collateral 2. Non Collateral COLLATERAL OR SECURED LOANS: Loans which are backed up with Movable and Immovable Properties like Fixed Deposit,House , Flat and Non Agriculture Plots. NON COLLATERAL OR UNSECURED LOANS: Loans without any Movable and Immovable Properties.
17. I am facing technical issues while filling up the form ? Whom do I call at DREAMFINN ?
If any technical issues arises get in touch with our technical Staff contact@dreamfinn.com or Whatsapp(9884396902).
18. What are the parameter on which DREAMFINN rate its financial institutions?
1. On-time Response 2. Interest Rate 3. Processing time taken 4. Documentation for Processing 5. Amount of Loan
19. I would like to know about DREAMFINN ?Whom should I contact?
The description of the company mentioned in the website. For more details contact +91-9884396902.
20.How loan it take time to process the loan?
After sending full set of required documents ,Its usually takes 7 working days to maximum 15 days.Its vary depends upon our Lending Partners.
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