CPay Finance Requests

Now CPay allows providing financing for the school fees in installments as per parents’ requests.

This service is provided through different third-party providers (our financial partners) to CPay (Classera). Now the parent can apply for a financing loan for the school fees rather than the installments feature that is already there on the system.

In the event that the parent applies for his or her loan through the school financing team:

• His or her request will be directed to the school financial department and then to the accounts manager of the CPay team.
• The accounts manager checks the request and forwards it to the third-party provider.
• They will do the required investigations and may contact the parent to get more documents and information to support the loan request.
• The reply to the request will be directed to the school financial department (within two weeks), and they, in turn, will inform the parent of the approval or refusal of the request.
• In case of approval of the request, they will be given all the details about the loan, including the installments, interest rates, and duration.

Note:

The percentage deducted from the school is based on the contract between the school and CPay (Classera).

The fees and charges associated with the parent’s personal loan are as per what the service provider (3rd party) decides.

In the event that the parent applies for his or her loan online:

• The request will be directed directly from the CPay system to the third-party provider (without the interference of the school).
• They will do the required investigations and may contact the parent to get more documents and information to support the loan request.
• .The third-party provider will reply to the parent directly with an acceptance or refusal with details.
• In case of approval of the request, they will be given all the details about the loan, including the installments, interest rates, and duration.