Time to get a response | 1 day |
Online application process | Yes |
Digital Signature | Yes |
Requirements | Basic documentation, good credit history and a cosigner |
Payment Plan Conditions | Subjected to Quotanda’s credit check |
May I finance another amount?
Yes, you can finance the amount you choose as long as it doesn’t exceed the maximum amount.
How long does it take to find out if my payment plan was approved?
In 24 hours you can know if it was approved, as long as all the correct documentation is attached on time.
What documents do I need to apply?
Student:
2 recent payslips
Last 2 bank statements (all pages)
National ID or Driver’s License or Passport
FICO Score
Utility Bill to verify the address (water, electricity, fixed phone) of your parents or your permanent residence
Co-signer:
2 recent payslips
Last 2 bank statements (all pages)
National ID or Driver’s License or Passport
FICO Score
Utility Bill to verify the address (water, electricity, fixed phone) of your parents or your permanent residence
Can I apply if I’m not currently working?
Yes, for this you must have a co-signer that is responsible for the payment of your monthly payments while you are studying.
May I finance the initial payment?
No, the deposit must be paid by the student in the study center to reserve its place.
Can I settle the amount owed before the due date?
Yes, it is possible to pay more or pay the entire loan at any time without penalty.
Is it possible for the co-signer to be a friend or partner?
Yes, it is possible.
When should I start to pay my first monthly payment of the loan?
You will start paying on the 1st of the following month after you have started classes.
Example: Start of classes October 5, first monthly payment November 1.
Should all the information in the application need be completed?
Yes
What should I do if I don’t have a required document?
You must attach a blank document indicating the reason why you don´t have that information.
Quotanda’s mission is to democratize access to education by improving financing options.
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