Collegepond Banjara Hills, Hyderabad, Telangana

This is probably the first time that you will be availing of a student loan of this quantum. Direct sales agents at the lenders or Banks are incentivized to process and close as many applications as possible as their performance and compensation are primarily based on this factor. Mis-selling has become a common practice to ensure internal targets are achieved. At Collegepond Services, we have witnessed this trend time and again. We understand that the loan amount and repayment of the same is a significant burden to the family. Hence, we want to ensure that we are able to minimize the impact on all fronts, from reduced Processing Fee (PF) to lower interest rates and insurance amounts.Due to the sheer volume of students we work with, we have negotiated attractive wholesale deals with all the leading lenders at rates and PF charges that much lower than the industry average. Our loan sanction approval rates also tend to be higher than the industry average.

For many, this will be the first time that you will be executing foreign exchange transactions through your bank account. Many banks charge an exorbitant conversion rate for the transaction. Also, some third-party vendors quote their rates as wholesale rates + 0 spread when in fact, the spreads are embedded in the rates. If you are unaware of the prevailing market rates, it is the likely that you may end up spending an additional 1% to 2% of the amount remitted. At Collegepond Services, we want to ensure that you do not become a victim of these unscrupulous practices. We have negotiated rates with leading vendors for remittances, forex travel cards, and currency. Our goal is to be transparent; hence, when we do a transaction for a customer, we receive quotes from all our vendors to ensure that you receive the best exchange rate. Once the rate is concluded, we work with you and the vendor to ensure that the transaction is consummated in an expedited manner.

Couriering application packets such as marksheets, degree certificates and transcripts to universities can dig a hole in your pocket. Collegepond has negotiated wholesale courier rates with leading players such as DHL and passes the same benefits to its students with no markups. The current rate is Rs. 925 (inclusive of GST) and includes home pickup, tracking and guaranteed delivery times, which represents a whopping savings of 62% from the rack rate. To avail of this service, please complete the attached form. You can drop your transcripts at the Vile Parle Office or schedule a home pick up for the same (before 12.30pm). DHL will also provide e-airway bill the next day and not handwritten bills from now on so that there are no errors of sending it to the wrong location or pin code. (Students will be mailed the airway bill in case of a pickup).

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