Fee financing that works for
parents and schools
Parents pay in EMIs via NBFC partners. Schools get paid upfront. Nobody chases payments.
Plus: staff salary advances with payroll auto-deduction and student education loans with full lifecycle tracking.
The fee collection problem
Annual fees are a shock
₹1.5L due in April. Parents scramble. Some delay. Some default. The school starts the year with a receivables problem.
Schools become debt collectors
Follow-ups, phone calls, awkward parent meetings. Fee collection becomes the admin team’s second job.
EMI apps don’t integrate
Parents use a third-party app. School has no visibility into EMI status. Reconciliation is manual.
Parent pays in EMIs. School gets paid today.
Integrated with GrayQuest and Fibe \u2014 two RBI-registered NBFCs specialising in education financing.
- Parent selects EMI at fee checkout inside the parent app
- NBFC approves in minutes based on credit score and fee amount
- School receives full fee amount upfront from NBFC — zero wait
- Parent repays NBFC in 3/6/9/12 monthly instalments
- School bears zero credit risk — NBFC owns the receivable
- Single and double tranche disbursement supported
- Fee receipt auto-generated on NBFC disbursement confirmation
- EMI status visible to school admin for reconciliation
Apply, approve, auto-deduct \u2014 no spreadsheet
Staff apply for salary advances through self-service. HR approves. The system auto-deducts from upcoming salary slips. Balance tracked per employee.
- Staff submits advance request via self-service portal
- Approval workflow: HR → Management (configurable)
- Disbursement recorded with date and amount
- Auto-deduction from upcoming salary slips over N months
- Interest-free or configurable interest rate
- Balance tracked per employee — visible in payslip
- Multiple advances tracked independently
- Linked to HRMS — no separate loan system needed
Full loan lifecycle \u2014 from application to closure
For universities and institutions offering student financing: a complete lending module that tracks every rupee from sanction to repayment.
Application
Student applies with amount, purpose, and supporting documents. Guarantor details captured.
Approval & Sanction
Multi-level approval workflow. Loan type, interest rate, and repayment terms set at sanction.
Disbursement
Single or multiple tranche disbursement. Amount credited to student or directly to fee account.
Repayment Schedule
EMI calendar generated. Monthly repayment amounts with principal + interest split.
Interest Accrual
Interest computed per billing period. Simple or compound interest configurable per loan type.
Collections & Recovery
Overdue reminders. NPA flagging after configurable days. Restructuring for hardship. Write-off for uncollectable.
On the Roadmap
Direct NBFC API integration
One-click EMI activation via API — eliminating manual coordination between school and NBFC partner.
Loan portfolio dashboard
Management dashboard showing total outstanding, repayment rates, NPA percentage, and interest income across all active loans.
Interest income reporting
Automated interest income reports for institutions earning from student loans — feeds directly into accounts.
Placement-linked repayment
Student loan repayment begins only after placement confirmation — for institutions offering pay-after-placement programmes.
Frequently Asked Questions
Is this a loan from the school?
No. The loan is provided by a registered NBFC partner (GrayQuest or Fibe). The school receives the full fee amount upfront from the NBFC. The parent repays the NBFC in monthly EMIs. The school bears zero credit risk.
Who bears the risk if a parent defaults on EMI?
The NBFC (GrayQuest or Fibe) bears the credit risk. Once the NBFC disburses to the school, the school’s fee is considered paid. Default recovery is managed entirely by the NBFC.
Can parents choose their EMI tenure?
Yes. Depending on the NBFC partner and the fee amount, parents can typically choose 3, 6, 9, or 12-month EMI tenures. The options are presented during the fee checkout flow inside the parent app.
Is the EMI option linked to the fee receipt?
Yes. When a parent opts for EMI at checkout, the fee is marked as paid in Unity once the NBFC confirms disbursement. A fee receipt is generated automatically — the parent sees ‘Paid via EMI’ on their receipt.
Can staff apply for salary advances through Unity?
Yes. Staff submit a salary advance request via self-service. After HR/management approval, the advance is disbursed and automatically deducted from upcoming salary slips over a configurable number of months.
Does Unity support student education loans for universities?
Yes. The lending module supports the full loan lifecycle: application, approval, disbursement, repayment schedule, interest accrual, overdue reminders, NPA flagging, restructuring, and write-off. Suitable for university fee loans and scholarship-linked financing.
Related Features
Parents pay comfortably. Schools get paid immediately.
NBFC-backed EMI for fees, salary advances for staff, education loans for students \u2014 all managed inside one system.