Related Articles
What is the charge for a failed mandate?
In case that EMI/mandate is not debited/fulfilled, a penalty of RS. 295/- is enforced. Also, sometimes the system does not enforce penalty month wise, rather it accumulates the penalty for a few months and then debit altogether. If you fail to ...
How does StuCred's fee structure work?
Great question! At StuCred, our mission is to empower college students by helping them tackle their financial constraints, not add to them! Therefore, we have altered our fee structure in line with our mission. Financial services generally follow a ...
Can I make a partial payment and take an extension for the balance amount I need to repay?
Loan repayments need to be made in full. We charge a minimum fee extending a loan, in case you need it.
What happens if I don’t pay on time (default)?
If the loan is not repaid within the loan tenure, there is one opportunity to pay the service charge again and enjoy the loan for a further 30 days, provided you have applied for the extension prior to the original due date. Beware however, if the ...
My loan closure transaction is successful, but why has not my loan been closed?
Your StuCred loan closure charge is not yet credited to our bank, because our bank is yet to confirm the deposit status. Sometimes, due to technical issues at the bank, money transfer gets delayed. In these cases, Banks take upto 3 working days to ...