We experienced financial constraints during our studies. This experience fuels our passion for democratising education. We provide a platform for borrowers and lenders to reduce the complexity in the education loan domain and bring transparency in the pricing structure while providing multiple options for borrowers.

ProU is not a financial institution and does not engage in lending on its own accord. Instead, we are an enabler of education financing. We have partnered with leading financial institutions in India and abroad. In addition, we will soon open the platform for private individuals to start lending through our platform.

For loans given by financial institutions, ProU charges an origination fee (% of loan amount) which is based on our agreements with the partner financing institutions. Note: ProU does not charge any fees from the students for the loans that it helps arrange through the banks.

We are customers of different services and nothing annoys us more than our information being shared without our permission. ProU will not share your information with third parties for solicitation except for the purpose of fulfilling your requests. Kindly refer to our privacy document for further details. ProU uses encryption to ensure that the data you share with us stays totally secure.

ProU is targeted for use by real humans and not bots. Identification details requested during registration helps us in the verification process. If the details in the documents match your profile information, then your account will go live and you will become a part of the ProU family, thus giving you access to all necessary resources.

We recommend that you start assessing your finances much in advance of your actual study timelines. You can look for scholarships on our portal as a starting point. If you do not find the right scholarship, apply for a loan immediately so that you can reach out to a wider investor base.

Our services include, but are not limited to, providing credit insights on the applicants and document collection. We also work closely with financial institutions to address delays in payments and defaults. We partner with financial institutions on a case-by-case basis. You can read more about our offering at Financing partners.

You can start by making your account on our ProU website and complete your profile. Once your documents have been verified, your profile goes live. You can then view loan applications and start bidding for loans.

We understand that there can be unforeseen circumstances which may prevent you from making your payments on time. Our first advice would be to reach out to us as soon as you feel that you are oing to be late for a payment. We will evaluate your circumstances and offer a range of services ranging from assistance in career counselling to negotiating loan terms with the lenders. In any case, if you happen to miss a payment, then our customer care team will reach out to you to discuss the various options. Kindly note that your credit scores can be impacted if you have been issued a loan by a financial institution and this can have significant impact on your ability to get loans in the future. In the event of defaults, there could be a recourse to legal proceedings as allowed by the loan agreement and the existing laws. Furthermore, ProU will maintain a list of wilful defaulters that can be used by various agencies for identification purposes.

In loans with collateral, borrowers (applicant and/or co-applicant) offer a security against their loan to the lender. For example, Fixed Deposits, flats etc. can be collaterals. They are also known as secured loans. When no security is provided, loan will be referred as unsecured loan or loan without collateral.

Yes, interest paid on the education loan can be claimed as deduction from income tax, as per Section 80E of the Income Tax Act of India. Thus, it will reduce the amount you have to pay from your side.

Loan eligibility depends upon a number of factors like previous academic records, graduating school, target school, GRE/GMAT scores, applicant and co-applicant's income.

Once you've secured your education loan, you should try to sort out your accommodation. UniAcco has some of the best student accommodations near top universities. They offer flexible payments and have an inventory of more than 350,000 rooms.

Apart from tuition fees, the cost of accommodation will form a major chunk of your student budget. It is important to do your due diligence while researching the best student accommodations near your university so that you get a quality accommodation at a reasonable price. UniAcco is one of the largest student accommodation platforms, that provides accommodation to students near top universities. Find the best deals on student accommodation on UniAcco.