Terms and Conditions
Who is Eligible?
- The guaranteed best loan scheme is applicable to individuals who have not applied directly to GyanDhan's recommended lender(s).
- Loan offers from Indian lenders can only be compared through GyanDhan.
- Applicant and co-applicant details provided to GyanDhan and competing lenders must be exactly the same.
- The difference in the loan offer sanction time between GyanDhan and other competing offers should be less than 1 month.
- Customers whose loan applications are recorded with GyanDhan's lending partners on or after June 7, 2023, will be eligible for the scheme.
Who is Excluded?
- Loan applications for countries other than the US, UK, Canada, Australia, Ireland, and Germany will not be considered under this scheme.
- Applicants with access to special discounts, such as lender staff discounts, will be excluded.
- Applicants with a loan scholarship offer or any other scholarship benefit along with a loan offer will not be eligible.
- Applicants coming under special interest subsidy schemes will not be eligible.
- Those referred by a third party with a pre-recommended loan offer will be excluded from the scheme.
How is the Loan Comparison Done?
- The loan amount from the competitor should be more than or equal to what GyanDhan has offered.
- We compare loan deals based on the Annual Percentage Rate (APR) to determine the best loan offer for you. APR is a standardized way of representing the overall cost of a loan, including both the interest rate and any additional fees or charges.
How to Claim the Difference in Interest?
At GyanDhan, we understand the importance of securing the best loan deal for your study abroad journey. If you find a lower interest rate offered by a competitor, here's how you can claim the difference:
- Disburse the loan offered by GyanDhan.
- Provide valid proof of the lower interest rate offered by the competitor.
- Share your loan account statement with GyanDhan every 6 months.
We will credit the interest cashback to your account once we have verified the lower rate and your loan account statements. This ensures that you benefit from the most competitive loan terms throughout the entire life of your loan.
Following the Process
To avail of the APR cashback, it is mandatory to follow GyanDhan's recommended process and instructions. Our team will provide you with the necessary guidance to ensure a smooth loan application and disbursement process.
If you have any further questions or concerns about our terms and conditions, please reach out to our dedicated team at [email protected].
GyanDhan - Your Trusted Financial Partner