# LEO 1 Reviews **Vendor:** Financepeer **Category:** [Other Education Software](https://www.g2.com/categories/other-education) **Average Rating:** 4.0/5.0 **Total Reviews:** 11 ## About LEO 1 LEO1 is an Edu-FinTech company dedicated to transforming financial transactions within the Indian education system. By offering innovative solutions like no-cost fee financing, smart ID cards, and reward mechanisms, LEO1 streamlines fee collection for educational institutions and promotes responsible financial behavior among students and parents. Their comprehensive platform not only facilitates seamless financial management but also enhances the overall educational experience by integrating financial literacy and incentivizing timely payments. Key Features and Functionality: - No-Cost Fee Financing: Enables parents to pay their child's education fees in multiple installments without additional costs, easing financial burdens and ensuring uninterrupted education. - Smart ID Cards: Provides institution-branded alumni ID cum savings account cards that offer lifetime access to premium banking benefits, exclusive rewards, and a powerful alumni network. - Reward Mechanisms: Incentivizes timely fee payments by offering LEO1 Coins, which can be redeemed across various brands, encouraging prompt payments and fostering financial discipline. - Financial Literacy Modules: Offers courses covering topics like debit, credit, and financial planning, empowering students with essential financial knowledge. - Integrated Financial Management: Automates fee collection processes, reducing administrative efforts and minimizing errors, allowing institutions to focus on enhancing educational quality. Primary Value and Solutions Provided: LEO1 addresses the persistent challenge of irregular cash flow in educational institutions by providing a streamlined platform for fee collection and financial management. For parents and students, it offers accessible and affordable financial solutions, eliminating the complexities associated with traditional bank loans. By promoting timely payments through rewards and enhancing financial literacy, LEO1 fosters a culture of financial responsibility. This holistic approach not only ensures the financial stability of educational institutions but also empowers students and parents, making quality education more accessible and sustainable. ## LEO 1 Reviews ### 1. One of the trusted Loan Provider **Rating:** 4.5/5.0 stars **Reviewed by:** RK K. | Enterprise (> 1000 emp.) **Reviewed Date:** March 05, 2023 **What do you like best about LEO 1?** For customers, Financepeer provides comfortable Emi options that perfectly fit your pocket. Financepeer provides quick and easy cancellation. Cancellation process is l too digitalized. **What do you dislike about LEO 1?** As the full process is digitalized some times the customers are overcharged or charged double in a month. Sometimes the cancellation process is very painful and takes a very long time. Due to delay in the process the customers gets charged extra interest sometimes extra emi. **Recommendations to others considering LEO 1:** One of the best education loan providers that perfectly fits your pocket and helps to achieve your dreams. **What problems is LEO 1 solving and how is that benefiting you?** Finance peer provides hassle-free finance experience. Loans are approved very quickly and all the process is digitalized no paper work is required. The entire Financepeer staff is well trained, friendly, polite and very helpful. ### 2. Best Education Loan Provider **Rating:** 5.0/5.0 stars **Reviewed by:** Rejaul K. | Executive, E-Learning, Enterprise (> 1000 emp.) **Reviewed Date:** November 19, 2022 **What do you like best about LEO 1?** Financepeer is one of the best education loan provider for the customers of whitehat jr. Financepeer is the most recommended loan provider by Whitehat jr to its customers. Out of total loan users 80% of whitehat jr customer's selected Financepeer as their loan provider. It provides great and hassle free services to its customers as well as partners. The employees of financepeer provide very smooth experience to their customers, loan gets approve in the couple of days and all the process is digitalized no paper work is required. On the other hand as working as the loan partner Financepeer provides quick and easy cancellation. Cancellation process is l too digitalized. All the customers details are provided in a dashboard. All the loan details are easily available within just a single click. **What do you dislike about LEO 1?** The cancellation process is very quickly and simple but sometimes it is a very horrible experience for the partner as well as the customers. Due to delay in the process, the customers get charged extra interest sometimes extra EMI. Then again it takes a long time to refund back the EMI which was detected during the cancellation process. Sometimes due to error, the EMI amount debited is not get updated in the system and the customers get multiple calls regarding emi pending **Recommendations to others considering LEO 1:** Anyone opting for education loan then Financepeer is the best option to go ahead with. **What problems is LEO 1 solving and how is that benefiting you?** Financepeer provides great and hassle free services to its customers as well as partners. The employees of financepeer provide very smooth experience to their customers, loan gets approve in the couple of days and all the process is digitalized no paper work is required. Financepeer helps its partners by taking care of all the paper works by their own. ### 3. A Perfect Solution for my Childs fees. **Rating:** 4.5/5.0 stars **Reviewed by:** Rudolph G. | Academic Counsellor, Mid-Market (51-1000 emp.) **Reviewed Date:** November 15, 2022 **What do you like best about LEO 1?** They have a dedicated person who looks into my child's file month on month and keep me posted and he is now just a message away and all is been taken care of and it makes my job very easy due to my work and time schedule. **What do you dislike about LEO 1?** The interest rate goes up sometimes, and now they have taken care of by a fixed rate on annual payments as a one-time payment to be made for the fees. So the firm pays it in full for the entire academic year, and we can pay it in 3 or 6 months which is very flexible. **Recommendations to others considering LEO 1:** It's an excellent firm to take care of the fees, and you do not have to worry about your child's education. They are also very friendly and cooperative with excellent understanding skills. **What problems is LEO 1 solving and how is that benefiting you?** The customer support was weak, We had to send a lot of emails for the resolution, but now it's been taken care of within 48 hours TAT. We also have a perfect associate who handles our file every month. ### 4. "Solving Modern Era Financial Problems With Financepeer Platform" **Rating:** 4.5/5.0 stars **Reviewed by:** Gutti M. | Sales Operations Manager, Small-Business (50 or fewer emp.) **Reviewed Date:** December 24, 2022 **What do you like best about LEO 1?** The Best part of Financepeer is delivering accurate output within a short period much helpful for any emerging organization. Added to that, the financial part of the team sounds economical. **What do you dislike about LEO 1?** Even though many organizations run behind in the quality of output from the given project for service-oriented organizations, various trial modules should be developed. Financepeer minimized these risks and performed at the outclass services throughout the project. **Recommendations to others considering LEO 1:** If you are looking for the best lenders and receivers platform, Financepeer would be the right platform. **What problems is LEO 1 solving and how is that benefiting you?** Financepeer is the best platform that bridges lenders and Receivers. This platform helped us require our organization's target audience, allowing us to step into profit zone at the company's early stage. ### 5. Financepeer Review **Rating:** 1.0/5.0 stars **Reviewed by:** Omkar P. | customer experience manager, E-Learning, Enterprise (> 1000 emp.) **Reviewed Date:** November 19, 2022 **What do you like best about LEO 1?** Financepeer sanctions the loan after getting all the Documents checked and verified and only then the disbursal of the loan is done. Financepeer is giving tough competition to their competitors. **What do you dislike about LEO 1?** The biggest minus point of the financepeer is that the collection agents are harassing the people to get the EMIs paid even though their EMI is already auto-debited from their accounts. Also the EMI paid are not updated on the Proper basis customer's CIBIL score is getting affected. **Recommendations to others considering LEO 1:** I would rather advise getting the loan from their debit card or credit card rather than taking it from another 3rd party financial institution. **What problems is LEO 1 solving and how is that benefiting you?** Financepeer is helping everyone by financing their fees for education. As parents are getting loans, they are able to purchase the course on EMI and our business is growing with the help of the same. ### 6. Best finance assistant for business **Rating:** 5.0/5.0 stars **Reviewed by:** Abhinav P. | Assistant Manager, Enterprise (> 1000 emp.) **Reviewed Date:** November 19, 2022 **What do you like best about LEO 1?** The best part of using financepeer is that one can provide it's services to its clients and the issue of managing finance of the clients is removed. Easy EMI are provided to the clients. **What do you dislike about LEO 1?** Nothing as such. Only one or two points are there. One is that it should accept a little low credit score of the clients also. It would help the businesses get more number of clients. **What problems is LEO 1 solving and how is that benefiting you?** Financepeer is a finance lending peer solution which helps businesses to provide easy EMI to the it's clients, so that they can take up the services without any hastle. It has benefitted me a lot to sell my products ### 7. Education loan made easy **Rating:** 3.5/5.0 stars **Reviewed by:** Shruti S. | Quality Assurance tester, Enterprise (> 1000 emp.) **Reviewed Date:** November 17, 2022 **What do you like best about LEO 1?** I like most parts of it , I think the easy-to-use feature makes it a better alternative to a Bank loan. It is also reliable because it is endorsed by Google **What do you dislike about LEO 1?** I don't dislike it as it a win-win situation for both it terms of time and cost benefit **Recommendations to others considering LEO 1:** I would like others to get the details in terms of the structure of EMI and how the refunded amount can be used for further studies **What problems is LEO 1 solving and how is that benefiting you?** Financepeer is transforming the field of education in terms of education loan, it is very time saving , as well as reduces transactional costs which might be there in Bank loan ### 8. One of the best lending softwares **Rating:** 5.0/5.0 stars **Reviewed by:** Abhinav P. | Consultant, Mid-Market (51-1000 emp.) **Reviewed Date:** November 15, 2022 **What do you like best about LEO 1?** Financepeer is easy to use and time saving. It takes a few minutes to process the transfer and makes easy EMIs. Even the payment is not so hectic. It is good for all the businesses having large sales ticket size **What do you dislike about LEO 1?** Nothing as such is to be disliked. The documentation process is really time saving. It would be better if it starts to provide services for people having a little less credit score also **What problems is LEO 1 solving and how is that benefiting you?** It is helping businesses to sell the products on easy EMIs and helping them get more customers. The best part is that it doesn't require large process of documentation. ### 9. Financepeer Review **Rating:** 5.0/5.0 stars **Reviewed by:** Subhasish S. | Quality Analyst, Mid-Market (51-1000 emp.) **Reviewed Date:** November 17, 2022 **What do you like best about LEO 1?** It helps students to pay their loans in Installments. Also, they provide 3 to 36 months to pay the loan. The best feature is they convert student fees into Zero cost EMI. **What do you dislike about LEO 1?** It requires a lot of KYC from the student. If they minimise the KYC process it will be much good & beneficial. **Recommendations to others considering LEO 1:** The best education loan platform in India. You can refer to your near & dear one's. **What problems is LEO 1 solving and how is that benefiting you?** For the time being, Financepeer is doing the best in the market and is one of the best financial institutions that helps students. ### 10. Not a great experience **Rating:** 1.5/5.0 stars **Reviewed by:** Verified User in Education Management | Enterprise (> 1000 emp.) **Reviewed Date:** December 16, 2022 **What do you like best about LEO 1?** They have an easy process to get the loan approved. However, there is difficulty in contacting them, yet they try their best to be at least available. Making efforts to get the issue sorted. **What do you dislike about LEO 1?** The team doesn't respond; they deduct money without intimating and after the foreclosure is done a year back. There are unethical deductions even after providing NOC. They also take time to provide NOC Poor Client servicing **Recommendations to others considering LEO 1:** I would advise taking service only if it is critical, as the post-customer service is not that great. **What problems is LEO 1 solving and how is that benefiting you?** It provides easy and hassle-free finance for education or any such matter; as mentioned, loan approval is an easy process with less paperwork. Due to less hassle, our business performance has also increased. ### 11. Review for Financepeer **Rating:** 5.0/5.0 stars **Reviewed by:** Amit K. | Customer Experience Manager, Enterprise (> 1000 emp.) **Reviewed Date:** November 23, 2022 **What do you like best about LEO 1?** App provide the best services as easy to use and user friendly UI **What do you dislike about LEO 1?** It take a very long time to resolve the issue customer experience is not that good. sometime EMI are deduct even after receiving a NOC **Recommendations to others considering LEO 1:** should work on the customer experience and timely resolution **What problems is LEO 1 solving and how is that benefiting you?** Financepeer is the best NBFC as they provide the loan ASAP with very less hustle with the competitive interest rate - [View LEO 1 pricing details and edition comparison](https://www.g2.com/products/leo-1/reviews?section=pricing&secure%5Bexpires_at%5D=2026-05-13+23%3A28%3A17+-0500&secure%5Bsession_id%5D=cb538033-f420-48ff-9b06-5bce845f3258&secure%5Btoken%5D=adfa6bdd7d3aff733716d064c480be476294dcadfcdf9005890311609147b16c&format=llm_user) ## Top LEO 1 Alternatives - [Echo360](https://www.g2.com/products/echo360/reviews) - 4.6/5.0 (446 reviews) - [Google for Education](https://www.g2.com/products/google-for-education/reviews) - 4.7/5.0 (320 reviews) - [Kami](https://www.g2.com/products/kami/reviews) - 4.4/5.0 (68 reviews)