Loan Application

Loan Application

Introduction

Collexo empowers you to make fee collection easy and flexible by letting students pay their fees using a loan from trusted third-party partners. By offering a "Pay Later" option at checkout, you open up the possibility for students and parents to finance education costs in easy installments—while your institution receives the full fees upfront without any delays.

When a student selects Pay Later, their fees are financed through a loan. But for your institution, that’s only the beginning—you still need to confirm if the loan was approved, when the funds arrive, and which student’s fees are covered for accurate reconciliation. Manually tracking this information can quickly become time-consuming and error-prone.

That’s why the Loan Application page exists. It gives you a single, clear view of all student loan applications processed through Collexo, along with their real-time status. You can see at a glance which loans are approved, pending, or are still in progress - making your financial tracking, reconciliation, and reporting simple, fast, and reliable.
  1. Go to Menu
  2. Click on Transactions
  3. Select Loan Application

Now we will give you all the details mentioned on the Loan Application page, so you understand what each field means and how it can help you track loan and payment status effectively.
  1. ID: Internal reference number used to track each loan application within the system.
  2. Loan ID: The unique identifier assigned by the loan provider for that particular application.
  3. Order ID: Collexo’s own order ID corresponding to the transaction.
  4. Order No: Applicant’s unique number, which may be an application number, roll number, or any other distinct identifier used for clear reference.
  5. Registered Mobile: Mobile number associated with the applicant.
  6. Borrower Name: Person who submitted the loan application; may be the student or their parent/guardian.
  7. Student Name: Full name of the student for whom the loan application was submitted.
  8. Student DOB: Student’s date of birth.
  9. Status: Indicates the present stage of the loan application, like pending, approved, In Progress etc.
  10. Payment Source: Shows whether the payment is routed via Collexo or Meritto.
  11. Loan Vendor: Loan partner through which the applicant sought the loan.
  12. Partner Status: Latest status shared by the loan partner, reflecting internal stages or progress.
  13. Requested Loan: Amount originally applied for by the applicant.
  14. Approved Loan: Amount the loan partner eventually approved for disbursal.
  15. Created On: Date when the loan application was initiated.
  16. Disbursed On: Date on which the funds were transferred to the institution.
  17. Disbursement Amount: Actual sum deposited to the institution for the loan.
  18. UTR: Unique Transaction Reference number provided for reconciling the disbursal.

Additional Functionality

In addition to viewing loan details, the Loan Application page includes several tools to help you manage and interact with the data more effectively:
  1. Search: This helps you quickly find loan applications without browsing through the entire list. You can search using common details such as loan identifiers, applicant names, contact information, or other key reference numbers.
  2. Filter: This allows you to narrow down results based on key criteria. You can filter by loan status (e.g., payment pending or disbursed), vendor details, date ranges, and other important fields. This helps focus on specific groups of applications relevant to your needs.
  3. Download: This feature enables you to export the selected loan applications as a CSV file.

Conclusion

The Loan Application page simplifies the complex process of tracking student loan payments by providing clear, real-time insights into each application’s status. With search, filter, and download features, you can quickly find the information you need and keep your financial records accurate and up to date - all in one place.

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