mokusei.in

Student/Applicant fills Application Form and pays Application Fee on the Mokusei website.

In the application form, Student proposes what Percentage of their Future Income will they Share with the Loan Provider and for How Many Years.

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STAGE 2

Review Team and Backend Algorithm analyzes Student's Future Earning & Repayment Potential based on the data submitted.

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STAGE 3

Ashish reviews applications that are screened and recommended by the Mokusei Team & Backend Algorithm.

Within 4 days of filling the application form Mokusei Team notifies the applicant if their application for loan is approved.

Mokusei collects necessary documents from the student for verification.

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STAGE 4

Upon successful verification of identity and documents, Mokusei drafts & provides an Income Share Agreement (ISA) to be signed between Ashish and the student within 7 business days.

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STAGE 5

Ashish transfers funds to applicant's bank account electronically within 7 business days. Student can then use this money to pay for Tuition Fees, Travel Expenses, Living Expenses or to Pre-Close their current/existing Education Loan.

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STAGE 6

Student directly shares a part of his/her future income with Ashish as per the agreed upon terms & clauses of the ISA.