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    ZEST - Loan Process

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    Shabbir Wahab
    This document outlines the loan process for a student opting for a ZEST loan. It provides the down payment amount, processing fees, available tenures and interest rates. It then lists the 6 step process for applying for and receiving the loan, which includes paying the down payment, completing the ZEST application, verifying the account, and activating the loan before the student number is generated upon loan disbursal.

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    ZEST - Loan Process

    Uploaded by

    Shabbir Wahab
    23 views1 page
    This document outlines the loan process for a student opting for a ZEST loan. It provides the down payment amount, processing fees, available tenures and interest rates. It then lists the 6 step process for applying for and receiving the loan, which includes paying the down payment, completing the ZEST application, verifying the account, and activating the loan before the student number is generated upon loan disbursal.

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    ZEST- Loan Process

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    ZEST- Loan Process

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    This document outlines the loan process for a student opting for a ZEST loan. It provides the down payment amount, processing fees, available tenures and interest rates. It then lists the 6 step process for applying for and receiving the loan, which includes paying the down payment, completing the ZEST application, verifying the account, and activating the loan before the student number is generated upon loan disbursal.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    23 views1 page

    ZEST - Loan Process

    Uploaded by

    Shabbir Wahab
    This document outlines the loan process for a student opting for a ZEST loan. It provides the down payment amount, processing fees, available tenures and interest rates. It then lists the 6 step process for applying for and receiving the loan, which includes paying the down payment, completing the ZEST application, verifying the account, and activating the loan before the student number is generated upon loan disbursal.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
    of 1

    LOAN PROCESS

    - Student opts for ZEST and pays down payment on our portal (DP= 10% of the loan
    amount or Rs 5000 whichever is higher)
    - Processing fees - FLAT Rs 800/- (Refundable in case of loan rejection )
    - Tenure and interest rate :
    Tenure Interest Rate (flat per month)

    6 1.05%

    9 1.05%

    12 1.05%

    18 0.95%

    24 0.95%

    - Step by step process below:


     1. Select the appropriate tenure and pay DownPayment on the payment page
     2. Student will be redirected to Zest website for finishing the loan application
     3. Completes ZestMoney profile using Aadhar, PAN and other personal details
     4. Verify the account using Net-banking/Bank Statement upload and e-
    KYC/Document upload.
     5. Activate the loan by setting up EMI re-payment.
     6. Loan once sanctioned, NMIMS will check if the documentationprocess for
    admission complete, student number will be generated post disbursal of the
    loan amount

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