Propelld’s Transparency Policy

How Propelld Keeps Education Financing Clear & Honest

Education loans can often feel like a maze of hidden charges, unclear conditions, and confusing interest calculations. At Propelld, we believe students and parents deserve clarity, not complexity.

Our Promise: 100% transparent education loans. No hidden fees, no surprise deductions, and clear rules explained upfront.

This page explains exactly what “transparency” means at Propelld, how it applies to every stage of your loan, and why it makes us different from banks and NBFCs.

What Transparency Means in Education Loans? 

Transparency means knowing what you’re signing up for: 

1. Clear interest slabs, explained with examples.

2. No hidden processing charges or margin requirements.

3. Policies for foreclosure, moratorium, and coverage laid out in simple language.

4. Realistic sanction and disbursal timelines published openly.

Propelld’s Transparency Framework

1. Interest Rates & APR Clarifier

• Profile-based interest rates slabs (salaried vs. self-employed, UG vs. PG, India vs. abroad).
  
  
• APR vs. reducing balance vs. flat rate → clearly explained with worked EMI examples.
  
  
• Competitive, flat-band pricing → no “creeping interest hikes.”
  
  

Example: If your ₹10L loan is at 12% reducing balance, we’ll show you the exact EMI amount and total repayment upfront.

Do check the complete details on our Interest Rates Policy Page. 

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2. No Hidden Charges

• 0% margin money (100% financing).
• Nominal foreclosure charges- waived off in special scenarios. Prepay anytime.
  
  
• No compulsory insurance bundling in domestic courses.
  
  
• Processing fees (if applicable) disclosed upfront.
  
  

What you see = what you pay.

Do check out our Foreclosure and Prepayment Policy for complete details. 

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3. Clear Loan Coverage

Unlike other lenders that mostly fund only tuition, Propelld loans cover:

• Tuition fees
  
  
• Hostel/living expenses
  
  
• Travel & flights (for abroad studies)
  
  
• Laptops & study material (for abroad studies)
  
  
• Exam & visa charges (for abroad studies)
  
  
  

Coverage is always explained in detail before sanction, so you know exactly what is included.

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4. Moratorium & Repayment Rules

• Repayment timeline explained as → Study Period → Moratorium → Repayment.
  
  
• Options during moratorium:Full Interest in domestic education loans and option of Partial interest or full interest in abroad loans.
  
  
• Special accommodations for long courses (e.g., MBBS + internship).
  
  

All terms published publicly — no fine print surprises.

Do read the detailed guide on our Moratorium and Repayment Policy. 

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5. Service Standards (SLA)

• Domestic loans sanctioned in 48–72 hrs.
  
  
• Abroad loans sanctioned in 7–10 days.
  
  
• 90% queries resolved within 48 hrs via a dedicated team.
  
  

Unlike other lenders, we publish our timelines and adhere to them, so students know what to expect.

Why Transparency Matters to Students

1. No Shocks Later – You know the total cost upfront.

2. Smarter Decisions – Compare repayment options easily.

3. Trust & Assurance – Propelld’s terms don’t change mid-way.

4. Fair Treatment – No discrimination by university, stream, or profile.

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Key Takeaways

1. Propelld = 0% margin money, 0-4% foreclosure charges, 100% financing.

2. All rates, rules, and timelines are explained clearly, not buried in fine print.

3. Policies apply across domestic, abroad, coaching, and upskilling loans.

4. Our student-first transparency framework sets us apart from banks and NBFCs.