Do banks provide non-collateral education loans for studies in India? Yes, they do, you can get an education loan without collateral, unlike collateral education loans which necessitate pledging properties like houses, land, FD, etc.
Now that the bank is giving you an education loan without any collateral, they are bearing the risk, of whether the money will be repaid or not. Now, to mitigate that risk, the bank analyzes certain things in your profile before approving an unsecured education loan.
What are the factors that banks will look at before giving non-collateralized loans? Watch this video to know the answers to these questions. The following topics are elaborated on in this episode 👇
00:00 - Introduction
02:37 - The loan amount for non-collateral education loans
04:11 - Why do bank staff ask for collateral?
05:33 - Interest rates for unsecured education loans
06:18 - How banks decide eligible expenses and margin
07:38 - Who can be a co-applicant/Guarantor? And what are their requirements?
08:36 - How much do banks charge processing fees?
09:33 - When and how to apply for an education loan?
10:32 - When to repay your education loan?
11:36 - Conclusion
The motive behind our effort is to empower students and their guardians to help them make an informed decision while taking an education loan.
👍 Link to VidyaLoans: [ Ссылка ]
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Here is a list of our must-watch from Loanfix Season 2. The titles of our previous episodes in this series and their links are as follows:
📍40 Lacs Non-Collateral Loan for MBA in India
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📍SBI Education Loan - All schemes for UG, PG in India
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📍BOB Education Loan - All schemes for UG, PG in India
[ Ссылка ]
📍Get 80 lacs for Aviation/Pilot courses in India
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📍Education Loan Co-Applicant Requirements: Know the Complete List:
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📍Education Loans from Government Banks- Issues & solutions
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After giving you deeper insights into the abroad education loan space, the LoanFlix: Study in India series is now bringing you informative videos on the Indian education loan space for students who wish to continue their studies in India.
If you are planning to start your education loan process whether in India or abroad and funds are the concern, You can start your education loan process, by requesting us a callback [ Ссылка ]
Our team of Financial officers assists you with your entire education loan process until sanction, disbursement, and beyond. All the services offered by WeMakeScholars are free of cost as this initiative is supported by the IT Ministry, Govt. of India.
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We've also covered practically every aspect of an abroad education loan in our LoanFlix series, which you can find below. So do watch the entire series if you want to know everything about education loans for abroad studies.
🔶LoanFlix Study in India
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🔶LoanFlix Season 1
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🔶LoanFlix Season 2
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🔶LoanFlix Inshorts
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🔶LoanFlix in Hindi
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About the Presenter - Damini Mahajan is a visionary entrepreneur and co-founder of WeMakeScholars.com, an education finance start-up for international education. Damini has been mentioned as "Top Women in Tech" by The Asian Entrepreneur. She has also been awarded as the winner of Silicon Valley Challenge by Action for India 2016 and was in the Top 75 start-ups in Power of ideas by Economic Times at IIM Ahmedabad.
👉Script editor- Arjun R Krishna
👉Shot, Edited & Directed by Sreeman Reddy
👉Designs - Malieka Muzaffar
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🎈Contact us at hello@wemakescholars.com
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#Education Loan #NonCollateral #India
