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How Passage loan works

Passage provides customized financial solutions to help talents achieve their educational goals. Whether you need assistance with admission and a loan or just a loan to fund your studies, Passage offers two streamlined pathways to suit your needs.

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This article outlines the steps for both application processes: the "Admission Plus Loan" and "Loan Only" streams.

1. Admission Plus Loan Stream

This stream is designed for applicants who require assistance in securing both admission and a loan. Passage partners with several institutions to simplify the process for you.

Steps to Apply:

  1. Create Your Application After Checking Eligibility:
    Begin by applying through passage.com. Provide your academic and personal details to help our tool assess your eligibility. Once the Passage tool confirms your eligibility, complete your application and submit the required program documents.

  2. Admission Assistance:
    Passage will work with its partner institutions to secure admission on your behalf. Our team ensures that your application aligns with the program requirements.

  3. Loan Processing:
    Once your admission is under review by our partners, the loan application process begins.

  4. Loan Approval and Agreement:
    If approved, you’ll receive a loan offer with detailed terms and conditions. Review and sign the agreement to proceed.

  5. Collateral Payment:
    After signing the loan agreement, talents must pay their collateral. Once the payment is confirmed, the Passage Pass is issued as proof of payment.


2. Loan Only Stream

This option is ideal for applicants who have already secured an offer letter from one of Passage’s listed programs. It streamlines the process by focusing solely on loan approval.

Steps to Apply:

  1. Create Your Loan Application After Checking Eligibility:
    Begin by applying through passage.com. Provide your offer letter from a Passage-listed program along with other required documents, which will be specified via the Passage platform once you are approved through the Passage tool.

  2. Document Verification:
    Our team will verify your documents to ensure everything is in order.

  3. Loan Approval and Agreement:
    If approved, you’ll receive a loan offer with detailed terms and conditions. Review and sign the agreement to proceed.

  4. Collateral Payment:
    After signing the loan agreement, talents must pay their collateral. Once the payment is confirmed, the Passage Pass is issued as proof of payment.


Additional Support

Passage’s dedicated support team is available to assist you throughout the process. Whether you’re applying for the Admission Plus Loan or Loan Only stream, we ensure clear communication and smooth handling of your application.

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