Sunstone, one of India’s leading higher education service providers with presence across 25 cities in 30+ institutions, has partnered with Non-Banking Financial Companies (NBFC) Propelld and Credenc, to provide easy education financing options for its network of students. The initiative is in line with Sunstone’s objective to make education accessible for students across the country.
By opting for 0% interest EMI scheme, students get the advantage of several benefits. They wouldn’t have to pay interest on their EMI for the entirety of their program duration (UG or PG). There is no additional loan processing fee attached with the scheme. The whole process is digital and designed in a manner to ensure fast approval of the loan. With Zero Interest, Zero Collaterals, Zero Processing fee, Zero physical documentation, and Zero hidden charges students can avail the loan at ease.
Speaking on the announcement, Piyush Nangru, Co-founder & COO, Sunstone said, “In our endeavour to provide accessible, industry-ready education to students, we are extremely happy to achieve another milestone of providing easy financing options to our students. At Sunstone, we have always believed that financial limitations should not keep students from getting quality education that works for them. Education loan is a feared term in India and hence, the whole procedure is designed keeping the students’ convenience in mind. We have also setup a Finance Helpdesk at our offices in Gurugram and Bengaluru. At Sunstone, we are leading the way in providing student-friendly financing options in the Higher- Education domain and we will continue to work in that direction.”
Under Sunstone’s easy financing initiative, the 0% interest EMI scheme is available in three plans – Regular, Smart, and Shield. The three plans differ in the number of months for repayment of loan and allow students to choose the time span of loan repayment according to their suitability. While enrolling themselves at colleges with Sunstone edge, students can choose a plan that fits their financial needs. Students would only be required to make an initial low upfront down payment after which the monthly instalments on education loan would begin.
On the partnership, Brijesh Samantaray, Co-founder, Propelld, said, “Our mission is to democratize education by removing the barriers to financial access through zero cost study loans. Pursuing the same path, we are excited to announce that we have partnered with Sunstone and together aim to change the lives of many.”
Speaking on the association, Mr. Mayank Batheja Co- Founder Credenc, said, “With Sunstone, Credenc shares a similar vision to provide access to education to students. We are glad to be able to reach out to aspirants of Higher-education across the country through this partnership.”
The initiative has already been rolled out across all cities with campuses having with Sunstone edge. Any student who has enrolled with the college in 2022 in undergraduate or post-graduate programs can avail 0% interest EMI option to finance their education.