FAQ’S

Who can apply?

This Product is designed to help Engineering and MBA students who need finance for tuition fee and other education expenses for the last 1-2 years of their course. Thus, 3rd and 4th year Engineering and final year MBA students can apply.

What is the maximum loan amount and what is the minimum?

Max: Rs 2,00,00,000
Min: Rs 50,000

Can 5th year (dual degree) students also apply?

Yes, students pursuing dual degrees can apply for funding for 4th and 5th year.

Why should I choose Kuhoo over the other products in the market?

We are experts in the realm of student loans in India. Our experience allows us to create a reliable product and a hassle-free experience.

Our focus is entirely on students and their financial situation. You are our bread, butter, idly, dosa, poha, etc. and will get our undivided attention.

We offer an entirely student driven product which is independent of both co borrower and collateral.

Apart from tuition fees we offer support for living expenses as well. We offer a complete digital process for faster loan processing.

How can I apply to Kuhoo?

You can either download the Student App - https://www.kuhoo.com/Kuhoo-Student-App/ Or visit our website - kuhoo.com Or Call us on +91 9405202222 Or WhatsApp on +91 7664817664.

What is the student loan process at Kuhoo?

Kuhoo offers a fully digital, quick, convenient and hassle-free loan application process.

  1. Fill your digital loan application on the Kuhoo Student App (Add your agent’s code)
  2. Kuhoo offers a 4 minute Eligibility Check
  3. Upload documents through the App - Kuhoo’s Experienced Customer Support team will guide you at every step of the way
  4. Kuhoo Team will review the documents within 24 hours*
  5. Our experienced Kuhoo Team and algorithm will choose the best fit product for you
  6. Check real time updates on the status of your case on Kuhoo App
  7. Kuhoo would sanction your loan in 2-7 days. Secured loans may take more time
  8. Now, Pay the Processing Fee and complete all the post sanction requirements
  9. At least 2 weeks before the due date, you must inform the lender of the disbursement date.
  10. Steps for Disbursement**
    • Loan agreement Signing
    • KYC (to verify your credentials)
    • Auto-debit mandate with your lender
    • Compliance with post sanction requirement

You are set to begin your journey

What are the words you don't want to ever see in an application?

We encourage students and parents to be absolutely transparent in sharing all their information. It not only indicates the good intentions of the borrowers but also helps Kuhoo to get the best product offering based on the requirements.

What is the minimum documents required to fill a student application

In order to get a prompt and correct response from Kuhoo, we advise that the student arranges and apply with the proper documentation in the first go. We primarily need the following:

  1. KYC Documents - For student and co-applicant
  2. Academic Records - For student
  3. Work Records - For student
  4. Financial Records - For student and co-applicant
  5. Earning Proof - For co-applicant
What is the information asked in the application form

A student needs to fill the following information:

  1. Course Details - Study location, College details, Course duration
  2. Funding Plan Details - Tuition fees, living expenses
  3. Student Details - PAN number, First Name, Middle Name, Last Name, Email Id, DOB, Gender, Pin Code
  4. Education details - Highest Qualification, College, Course, Specialization, Course Duration, marks obtained, 10 & 12 Std. Percentage
  5. Work Details - Work Experience, Monthly income, Last employer name - if applicable
  6. Entrance test details - Test Name and Score (if applicable)
  7. Co-borrower details - PAN number, First Name, Middle Name, Last Name, Relationship, Email Id, DOB, Gender, Mobile number, Pin Code, City of residence, family members, Employment type & Net monthly income
What is the list of documents required from the student?

This is the minimum list of documents on the basis of which Kuhoo can make a quick and fair assessment of the student’s loan application:

  1. Student KYC (Aadhaar, PAN), 
  2. Student Photo, 
  3. Academics Document - Admit letter, Entrance Test Score (CAT, XAT, etc), 
  4. Latest degree marksheet, 
  5. Work Experience proof, 
  6. Last salary slip or offer letter, 
  7. Last 6 months bank statement
What is the list of documents required from the Co- Applicant?

Non-Financial Co-borrower: 

  1. KYC docs - Aadhaar, PAN copy, 
  2. Co Applicant photo, 
  3. Relationship proof with student, 
  4. Cancelled cheque/passbook copy for NACH

Financial Co-borrower: All of the above + 

  1. 6 month bank statement, 
  2. 3-month salary slip/relevant ITR document depending on type of employment
What is the time frame for the disbursement?

The loan application will be processed in two phases:

  • For in-principle sanction
  • For disbursement of funds

The in-principle sanction letter can be given in about 5 to 7 days from the date of receipt of completed Application Form along with the supporting documents from the customer.

Similarly, the disbursement would be completed within 7 days from the date of receipt of all post sanction documents from & completion of the underlying post sanction process by the customer.

What are the required factors for the loan?

Student Loan depends on multiple factors such as:

  • Academic background of the student
  • Type of course and University for which student loan is applied for
  • Co-borrower/guarantor on the loan. 
  • Job profile of the co-borrower etc.

For larger ticket- sized loans (above 1 Crore) we also consider:

  • If collateral is offered against the loan or not. 
  • Type of collateral offered.
What is it that you see in the application, rather what do you look out for?

We normally check:

1. Students past academic track record

2. Quality of institute/college and course the student wish to pursue

3. Student's ability to get an appropriate job after the course that he/she is seeking education loan for

4. The potential salary is also estimated to calculate eligibility of loan amount

5. Additionally, credit histories of the applicant and co-applicants play an important role in approval

6. Lastly, the value and type of property being offered as collateral security for higher value loans also play an important role in decision

Can the student avail a student loan, if no one stands as Guarantor for the case?

We generally require family members as co-borrowers. It again depends on the overall profile and the study course that the student is interested in. We have different product propositions for different study courses. 

How much loan can one get from Kuhoo?

Kuhoo finances up to 100% of the cost of education involving tuition fees and living expenses.

Are there specific courses that can avail of loans and any courses that can just not avail of loans?

Normally, students seek student loans for professional courses with relatively higher fees structures. However, the quality, reputation, accreditation by renowned authorities etc. are few of the parameters on which the banks and Financial Institutions decide to extend loan programs

Does the name of the institute make a big difference whether in India or abroad? Name one or two institutes in India and abroad, which fall in this category?

The Institute's reputation does make a difference. For e.g. students getting admission in IIM Ahmedabad, ISB, Hyderabad in India and Harvard, Wharton, Carnegie Mellon, London Business School etc. abroad get special benefits in student loan products from banks and other lenders

Do govt-approved institutes or AICTE approved institutes stand a better chance? What would be the equivalence abroad?

Yes. College, university rankings by the fabled and unbiased organisations help students and lenders to take right decisions.

Do only the rankings of the institute make a difference to you?

While rankings by unbiased entities do help, we follow more holistic approach of evaluating student's individual abilities, work experience and co-applicants profile

Does every lender have a list of preferred institutes and black listed ones?

To cater to huge demand from the Indian students, almost every day new colleges/institutes/universities are getting launched and only a focused specialised lender would be able to understand the difference in quality.


We have a robust process to check whether the institutes are recognized/accredited by the appropriate authorities. We also evaluate the quality and employability of courses.

If a loan is rejected one year, does it make sense for the applicant to try again the next year?

Yes, if the circumstances (like different and better college etc.) are different, it may be a good idea to try again.

Is there a destination issue for international loans? What if one wants to study in Brazil or Mexico? Will it be viewed differently?

We fund Indian students going to study across 33 countries. If the institute/college/university is reputed, we are comfortable in extending loans to Indian students going to different countries to pursue their dreams of quality higher education.

How do NRI loans work?

The applicant and co-applicants have to be Indian passport holders. In some cases, we accept additional co-applicants who are NRIs but they must have some one who has Indian passport and valid address.

Is it possible to port a student loan meaning if there is a student loan running, can an applicant move it to a different lender?

Yes, it is possible to change the student loan provider in the middle of a running student loan. In fact, Kuhoo’s expert team can help refinance an existing loan to suit your requirement and avail better terms & conditions.

Are there any blacklisted countries where we cannot get loans?

Kuhoo’s Student App has an inbuilt engine where the application automatically gets stopped if the student adds a blacklisted country or course to the application.

Is it possible for a student under the age of 18 to apply for a student loan?

A student's PAN Number is a mandatory requirement for loan application. If the student is a minor, they must obtain a minor PAN before applying for the loan.

Does Kuhoo offer some flexibility on how the student can repay the loan back

In order to make the student journey easy and comfortable for students and parents, Kuhoo provides different methods of repayment.

In most cases, the interest repayment, which is a relatively smaller amount per month, starts immediately. Post course completion/ grace period, regular repayment begins in the form of monthly instalments.

How do you decide on the repayment period?

The repayment periods are generally driven by our evaluation of the student's potential earning capability and risks we perceive in extending any particular loan.


We understand that students want to start repaying loans immediately after they get a job. However, they may find higher EMI's (due to shorter repayment periods) at the start of their careers, very challenging. Thus we facilitate longer tenure to facilitate smooth transition of student from campus to corporate. This way they can start their earning and professional lives with positive credit histories that help them to take other loans in future.

How is interest calculated?

Interest may be calculated on daily, monthly or yearly reducing principal basis.

What are the calculations that you do since repayment is usually after the person has graduated or got a job?

Student loans are structured with either complete moratorium during the course or only principal moratorium. Usually, 6 months to 1 year of grace period is also extended after the course for the student to search for a job.

Can the repayment period be extended?

No, extension of repayment period would be treated as Loan Restructure and hence are normally not entertained by the lender. Study period extensions are permitted due to delay in completing the course basis proof.

What if the applicant gives up studies halfway?

He/she will have to either close the loan by paying full amount or keep paying monthly installments on time to avoid becoming a defaulter and ruin their own credit history.

Usually, EMIs are paid after the course but many times the applicant is asked to pay at least interest amount during the course. Why so?

Doing so might be beneficial for both students and parents. When the student makes the interest payment on the loan during the study period, there is a likelihood of the repayment being eased out subsequently. This also helps financial discipline in students.

Can the student pay upfront interest in one shot of the course duration, so that the parents are not burdened to pay interest every month during the course?

Yes. There is an option available for payment of upfront interest also depending upon the course and underlying demographics of the student.

Does Kuhoo offer part closure/ foreclosure? If yes, what are the charges?

As per regulatory guidelines, lenders cannot levy any charges for student loans extending on a floating rate basis. Hence, students and parents are allowed to make part payments or foreclosures on the student loans. Fixed rate Student Loans will be levied Part Closure/Foreclosure charges.

Is there a concession if the loan is paid during the study period?

Yes, the pricing is typically designed to encourage at least interest repayment during the course period. This helps you to:

  • Avail unlimited tax benefit on the interest paid
  • Inculcate financial discipline from the get-go
What is a co-borrower/guarantor?

The Co-borrower should be an Indian citizen who would agree to co-sign and execute the loan agreement and other documentation. He is able as well as promises to service the interest in the moratorium period consisting of the study period and grace period and in the event of the student's inability to repay the loan would repay the instalments of the loan and/ or provides the collateral security.

Who can become a Co- Applicant in a student loan?

Typically it can be student’s Father, Mother, Brother, Sister, Spouse. In exceptional cases, other relatives may also be considered. 

Can my friends be the co-borrower? If not, then why?

Yes. There is an option available for upfront interest also depending upon the course and underlying demographics of the student. Friends can't become a co-borrower because of the risk involved and underlying lending policies in this regard. Only family members can become co-borrowers. Friends can only be guarantors at the most and not the co-applicants.

Student’s father/Relative works in Abroad. Can he be a co-borrower/guarantor?

Yes, he can be a co-borrower/guarantor provided he has an NRE/NRO account and the collateral in India. In either case, an additional co-borrower who lives in India is required.

What is the maximum loan that you give for institutes abroad and for those in India?

We are extending and facilitating collateral free student loans of up to 1 Crore and collateralized loans of up to 2 Crore rupees to talented and eligible students and parents.

What type of expenses can be covered in a student loan?

Student loan is normally taken for financing tuition fees, living expenses (hostel etc.), books and periodicals and sometimes travelling costs.

How much can one borrow in the domestic and international context without a surety?

As per the Model Education Loan guidelines issued by IBA, the banks offer up to Rs. 4 Lakhs and Rs. 7.5 Lakhs without collateral security for studies in India and Abroad respectively. At Kuhoo, we offer up to Rs. 1 Cr without surety for talented and deserving applicants.

What is the minimum and maximum amount that the student can avail through Kuhoo?

Students can get a minimum of 1 lakh and a maximum of 2 Crores loan through Kuhoo.

Do applicants often take education and personal loans together? Personal for other expenses that come into taking admission into higher educational courses?

Because of the margin money concept (where students have to pay anything between 5 to 30% of money from their own sources), sometimes students do have to take both together to finance their tuition fee as well as living expenses. However, Kuhoo with it’s expertise offers options of up to 100% of finance for talented and deserving students.

Is there any Tax benefit on interest paid on a student loan?

Yes, every Student Loan borrower or co-borrower (anyone) is entitled to avail tax benefits on interest paid on a student loan, under Sec 80-E of the Income Tax Act.

Who can avail the benefit?

An individual can avail of tax benefit on interest paid on an education loan for self or a relative, meaning his/her children, spouse or any student for whom the individual is a legal guardian.

On what basis the exemption is claimed?

Taxpayers can claim the benefit on the ACTUAL INTEREST PAID on the student loan.

What is the maximum amount that taxpayer can claim as exemption?

There is NO UPPER LIMIT to claim the exemption. One will get the FULL AMOUNT OF INTEREST PAID, as the deduction.

What are the courses for which this benefit can be availed?

It is available for the Full Time Courses in full-time studies for any graduate or postgraduate course in engineering, medicine, management or for post-graduate courses in applied sciences or pure sciences including mathematics and statistics. From 1st April, 2009 the deduction is allowed for vocational courses also.

What must be a place of education to avail this benefit?

Place of education can be in India or outside India.

What is the time limit to claim the exemption?

It is available for 8 years from the date of availing the loan or until the interest is paid in full, whichever is earlier.

How can one prove that I have paid the interest on a student loan?

The Financial Institution, from where the taxpayer has taken the loan, will provide a certification, stating that the person has paid the specific amount to the financial institution towards the interest of the education loan.

Types of Collateral that can be offered?

The Collateral should be any one of the following assets:

Moveable Collateral – Fixed Deposit

Immovable Collateral – Flat, House, Bungalow, Land (Non-Agricultural), Shop, etc.

Can we offer Mutual Funds as collateral for Student Loans?

Currently we do not accept mutual fund as collateral for Student Loans.

Why is collateral required when my co-borrower has a very good income?

Collateral is required to mitigate the risk involved in the credit. Since the student hasn't started to earn yet, we are not sure of his future income and profile, hence the collateral.

 

Depending upon the liquidity situation of the students and parents, it might be useful to provide the required collateral as that enables the students to get better interest rates on student loans.

What if a student has no support system or surety?

As explained earlier, we do give weightage to the student's past academic track record, entrance test scores, future school/institute/university's reputation and employability. With changing times, more and more lenders are providing zero collateral loans to meritorious students going to select colleges in India as well as Abroad.

If the applicant’s collateral is mortgaged with SBI and is of a high value. Can he give the same property as collateral?

The student will have to get it transferred to the new lender to take a second charge. Our experienced Kuhoo team can help them out here with necessary procedures and documentation.

My friend got the loan without any mortgage for the same program from the same university. But I am asked for a collateral. Why?

Risk assessment consists of multiple financial and demographic variables. Every customer has a different profile and needs to be fulfilled accordingly. We try our level best to offer the best possible product to match customer requirements and profile.

Do you accept agricultural land/ commercial shops/ GPAs/B-Khata properties as collateral? What type of property will qualify as collateral?

Lenders accept property with clean title and appropriate documentation. Each case is to be evaluated based on the merit of the case and property related information.

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