FP Fees

FP Fees, a Google-Launchpad incubated, and a Forbes acclaimed company, caters to all your education-related requirements. FP Fees is already used by more than 6000+ schools across 60+ cities in India & has helped 2200000+ students with their education. We bring you a one-stop Solution for all your educational needs in the form of our Mobile App. From paying your Institute fees (coming soon) to a pre-paid cum Student Id card all in a single app. We provide our Customers with rewards, discounts and offers on every transaction. With our Loyalty Program, customers can get the best deals on all their favourite brands. We also drive many Educational Events, Seminars and Competitions for Students & Parents on a regular basis. Winners and Participants are awarded with rewards and discounts via the App. Our Lending Partners: Visionary Financepeer Private Limited ( Nbfc-P2P ) Axis Finance Ltd. Details of the Fee Finance product: FP Fees works like an education loan where we deposit the Fee amount to the Institute. The end customer only has to pay back Fee amount plus a small interest in EMI options. Minimum and Maximum period for repayment : 3 months to 60 months Maximum Annual Percentage Rate (APR): 28% Representation of working: Fee Amount (in INR) = 1,20,000 Fee Deposited to Institute Account (in INR) = 1,20,000 Flat Interest to Customer = 3.95% Amount Collected from Customer (in INR) = 1,24,740 Processing Fee to customer (in INR) = 0 Tenure (in Months) = 6 EMI for Customer (in INR) = 1,24,740/ 6 = 20,790 IRR for this case = 1.12% APR for this case = 13.42% Principal paid by Customer (in INR) = Fee Deposited to Institute Account (in INR) = 1,20,000 Interest paid by Customer (in INR) = 4,740 Finer details of the working can be found at: https://docs.google.com/spreadsheets/d/1tjxZdW1r-oKQBgz6BfubLpJAvJ2KeQcclQTnOXsByzM/edit?usp=sharing Upcoming Features: Additional Course for the Financial Literacy Module Better Consumption of FP Coins *Terms & Conditions Apply