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Following is the student loan application process: |
- Student: Complete Student Loan Application Form
- Student: Submit validated supporting documents
- Student: Student interview with Credila
- Credila: Verify student enrollment
- Credila: Check credit reporting agency report for borrower & cosigner
- Credila: Check credit reporting agency report for borrower & cosigner
- Credila: Perform risk analysis using Credila’s “Predictive Credit Scoring Model”
- Credila: Approve or deny loan
- Student: Sign a Promissory Note
- Student: Get signed post dated checks & other documents
- Credila: Disburse education loan
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