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7 things to know before taking an education loan

There is a lot of misunderstanding surrounding Indian banks and their education loan products. Reading over the terms and conditions makes many students nervous because they realize they can't afford such a huge loan. Well, don't be alarmed. To ensure that your education loan application procedure runs well, we have compiled a list of 7 things you should know before taking an education loan. The following are the timestamps from this episode 👇 00:00 - Teaser 00:37 - Introduction 02:09 - The difference between a collateral loan and a non-collateral loan 03:10 - Minimum eligibility requirements for every bank 04:00 - Interest rate concessions and subsidies 05:49 - Interest type and effect of compounding 06:50 - Estimated earnings, moratorium period and Repayment planning 08:52 - Important terms and conditions of various lenders 10:09 - Tax planning with Education loan 11:55 - Conclusion ※※※※※※※※※※※※※※※※※※※※※ Request a callback by clicking the link below- 👉https://www.wemakescholars.com/educat... Or call us at -988 988 20 90 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. ⋘🔸➖🔸➖🔸➖🔸➖🔸➖🔸➖🔸⋙ Links mentioned in the video 🔶Jansamarth form filling for Education Loan subsidy    • Jansamarth form filling for Education...   🔶Education Loan Subsidy Schemes    • Education Loan Interest Subsidy: Gove...   🔶Simple Interest vs Compound Interest    • #EducationLoan #InterestRate: Simple ...   🔶EMI Calculator https://www.wemakescholars.com/educat... 🔶Education Loan Income tax exemption section 80E    • #EducationLoan income tax-exemption: ...   🔶 80E Tax Rebate Calculator https://www.wemakescholars.com/educat... ⋘🔸➖🔸➖🔸➖🔸➖🔸➖🔸➖🔸⋙ LinkedIn Reviews:   / wemakescholars   Google Reviews: https://www.google.co.in/search?q=wem..., ⋘🔸➖🔸➖🔸➖🔸➖🔸➖🔸➖🔸⋙ Since the first episode in 2018, the LoanFlix series has now become the most comprehensive web series on YouTube on the abroad education loan process. LoanFlix season 2 brings you deeper insights into the topics related to the Abroad Education Loans space. 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 Season 1    • Loanflix: The most comprehensive Web-...   🔶LoanFlix Season 2    • Loanflix Season 2   🔶Country-wise Education Loan Guides    • Country-wise Education Loan Guides   🔶Testimonials- WeMakeScholars    • Testimonials- WeMakeScholars   ※※※※※※※※※※※※※※※※※※※※※ 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 a "Top Women in Tech" by The Asian Entrepreneur. She has also been awarded as the winner of the 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 Ravi Singh 👉Designs - Ravi Singh Stay connected and follow us on: 🌈 Instagram -   / wemakescholars   👦 Facebook -   / wemakescholars   🐦 Twitter -   / wemakescholars   👨‍🎓 Linked in-   / wemakescholars-com   🎈Contact us at [email protected] Please subscribe to our channel for more informative videos. Also, do like👍 and share’📢 with your friends. Good luck!✌ Click here to subscribe - 🔔    / @wemakescholars   #studyabroad #loantips #educationloan #protips