Discount Model

Fixed Discount % offered by the Education Institute

Single upfront payment made to the institute and max 12 months EMIs for parents
 
Sr. Fixed Discount % offered by the Education Institute Loan Tenure

1 3.75 % of Loan Amount 3 Months

2  5.75 % of Loan Amount 6 Months
3  7.15 % of Loan Amount 8 Months
4   8.35 % of Loan Amount 10 Months
5     9.75 % of Loan Amount 12 Months

ILLUSTRATION OF SINGLE TRANCHE MODEL (3 Months)

Single Tranche Model

Fees Amount 70,000  
# of EMIs to Parent 3  
Discount Offered by Institute 3.75%  
Interest on Parent 0.00%  
Processing Fees 0  
EMI Amount 23333.33  
Discount Amount 2625  
     

Deposit To the
Institute Collection
EMI # Month Account From Parent
1 Jun-21 67,375 23333.33
2 Jul-21   23333.33
3 Aug-21   23333.33
ILLUSTRATION OF SINGLE TRANCHE MODEL (6 Months)

Single Tranche Model

Fees Amount 70,000  
# of EMIs to Parent 6  
Discount Offered by Institute 5.75%  
Interest on Parent 0.00%  
Processing Fees 0  
EMI Amount 11666.67  
Discount Amount 4025  
     

Deposit To the
Institute Collection
EMI # Month Account From Parent
1 Jun-21 65,975 11666.67
2 Jul-21   11666.67
3 Aug-21   11666.67
4 Sep-21   11666.67
5 Oct-21   11666.67
6 Nov-21   11666.67

ILLUSTRATION OF SINGLE TRANCHE MODEL (8 Months)

Single Tranche Model

Fees Amount 70,000  
# of EMIs to Parent 8  
Discount Offered by Institute 7.15%  
Interest on Parent 0.00%  
Processing Fees 0  
EMI Amount 8750.00  
Discount Amount 5005  
   

Deposit To
the Institute Collection From
EMI # Month Account Parent
1 Jul-21 64,995 8750.00
2 Aug-21   8750.00
3 Sep-21   8750.00
 4 Oct-21   8750.00
5 Nov-21   8750.00
6 Dec-21   8750.00
7 Jan-22   8750.00
8 Feb-22   8750.00

ILLUSTRATION OF SINGLE TRANCHE MODEL (10 Months)

Single Tranche Model

Fees Amount 70,000  
# of EMIs to Parent 10  
Discount Offered by Institute 8.35%  
Interest on Parent 0.00%  
Processing Fees 0  
EMI Amount 7000.00  
Discount Amount 5845  
   

Deposit To
the Institute Collection From
EMI # Month Account Parent
1 Jul-21 64,155 7000.00
2 Aug-21   7000.00
3 Sep-21   7000.00
4 Oct-21   7000.00
5 Nov-21   7000.00
6 Dec-21   7000.00
7 Jan-22   7000.00
8 Feb-22   7000.00
9 Mar-22   7000.00
10 Apr-22   7000.00

ILLUSTRATION OF SINGLE TRANCHE MODEL (10 Months)

 Single Tranche Model
Fees Amount 70,000  
# of EMIs to Parent 10  
Discount Offered by Institute 9.75%  
Interest on Parent 0.00%  
Processing Fees 0  
EMI Amount 7000.00  
Discount Amount 6825  
   

Deposit To
the Institute Collection From
EMI # Month Account Parent
1 Jul-21 63,175 7000.00
2 Aug-21   7000.00
3 Sep-21   7000.00
4 Oct-21   7000.00

5 Nov-21   7000.00
6 Dec-21   7000.00
7 Jan-22   7000.00
8 Feb-22   7000.00
9 Mar-22   7000.00
10 Apr-22   7000.00
11 May-22   7000.00
12 Jun-22   7000.00