It is a personal loan offered by Credin to parents to pay the school fee in easy EMI without any
interest or charge.

No, its unsecured collateral free personal loan offered for primary education purpose.

No, as Credin tie-up with schools and it’s for education purpose. It’ll be directly disbursed to the

It’s hassle-free auto debit process. Parents have to register their bank account for E-Mandate/ENach.
Post successful registration only Credin will disburse the fees amount to school. Monthly
EMI will be directly debited from parents bank account.

To validate the current address as it’s 100% digital process

It’s a digital E-sign based regulatory agreement between lender and borrower. Which consist of
loan terms, repayment assurance, promissory note and loan details of applicant.

There are no charges on pre-closure. Parents can pre-close the loan any time.

Yes, as it’s unsecured personal loan approved basis your profile. Regular repayment behaviour
will boost your credit bureau score and irregular repayment behaviour will impact your credit
bureau score.

There is one time nominal processing charge in 0% interest EMI product. No other hidden cost.

It’s pre-approved for the parents of partner school. Subject to complete application and complete
documentation. Also, earning parent has to enrol for this offer. Credin’ also take school’s confirmation before disbursal.

Parents have to pay fee to Credin in 9 easy instalment at no extra cost. The instalment amount is
the fee confirmed by the school divided by 9 months.
For example if fees is INR 45000 then the EMI amount will be 45000/9=5000.

Yes, as Credin is offering loan to parents. Basic demographic details, KYC and basic documents
are mandatory to process the application. Following are the list of documents required.
– Selfi photo
– Pan card
– Address Proof (Preferably Aadhar)
– Latest Electricity bill
– Cancel Cheque

To validate the bank account. It’s mandatory to validate that the auto-debit amount belongs to the

In such case, if required we can top-up the loan amount with additional funds or can reduce the
loan amount as per the fee structure of the new centre.

– There will be NACH bounce charges of INR 500 + 18% GST
– Late payment charge of INR 150 +18% GST
– Roll over interest @ 0.20% per day

Credin is a DPIIT, Govt of India recognised Financial Technology company and loans are
disbursed by Credin’s partner NBFCs, regulated and approved by RBI.

Registered office

3-4, 3rd Floor, Riyaplex, 80 Urmi Society, BPC Road, Vadodara, Gujarat – 390020.

Branch office

5th Floor, 504 Samruddhi Complex, Opp. Sakar 3, Income Tax Circle, Ahmedabad, Gujarat – 380014

Get in touch

Call us on:
+91 265-4003444

Email us:


@ 2021 Upkram Technologies Pvt Ltd.

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