Eligibility For Education Loan: Criteria for Loan Applicants | Ep 40

Published on March 9, 2023

Interesting un-edited videos related to debt Relief Tips, Credit Card Debt Statistics, and Can Unsecured Debt Become Secured, Eligibility For Education Loan: Criteria for Loan Applicants | Ep 40.

Welcome to the 40th episode of Loanflix. This episode marks the end of the first season of Loanflix. In this concluding episode, we discuss the various criteria of eligibility for education loan.Get EduLoan assistance from our team @ https://www.wemakescholars.com/study-abroad-education-loan

Our Financial officer will get back to you and assist you until the sanction. All the services offered by WeMakeScholars are free of cost. This initiative is supported by the IT Ministry, Govt. of India.

Given the huge variety of education loan lenders in India, it is natural for you to get confused about the criteria of eligibility for education loan fixed by them. The previous episode of Loanflix discussed the criteria of eligibility for education loan for co-applicants in great detail. This episode will give you a glimpse of the different factors which are considered in the case of an education loan applicant or the different student loan eligibility criteria which students are required to fulfill in order to qualify for an abroad education loan. The following points which contribute to the education loan eligibility in India for students are discussed in this episode. The total number of factors are divided into two different categories, i.e. factors of a student’s academic past and factors of a student’s future, both of which are taken into consideration by all major lenders of abroad education loans.

Education Loan Requirement For Students: Factors from Applicant’s Academic Past
1. Percentage 01:44
2. Backlogs 02:36
3. Gaps in education. 03:24
4. Work experience 04:27

Applicant Profile For Education Loan: Future prospects of a student’s course abroad
1. Country.04:57
2. Nature of the higher education course (STEM/Non-STEM) 05:35
3. Level of degree 06:55
4. Test scores of GRE and other qualifying examinations. 06:44

Loanflix is the most comprehensive web-series on abroad education loans. The motive is to empower students and their guardians so that they can take an informed decision about the education loan. The titles of our previous episodes in this series and their links are as follows:

#1. Introduction to study abroad education loan – http://y2u.be/-TJ0XCrL0dw
#2. Secured education loans – https://youtu.be/ORjGUYJBumc
#3. Abroad Education Loan without collateral – https://youtu.be/0yUEfa7kZPA
#4. Documents for Education loan – http://y2u.be/5PtpYVQ7Oo8
#5. SBI education loan for abroad studies – https://youtu.be/RV9YzICizSw
#6. SBI Education Loan- Documents, Process & Timeline – https://youtu.be/t2WogoqxGcA

Other episodes up to the 39th one can be found in the Loanflix playlist @

Students who wish to study abroad with the help of an education loan are expected to fulfill all the abroad education loan eligibility criteria, as lending as well as borrowing an education loan can be risky business for both, the lender as well as the borrower. Nowadays, the process of applying for an abroad education loan has become easier with the advent of the internet. However, it is important to understand that lenders cannot disclose all of their education loan requirements for students, on the internet,due to professional reasons. Hence, it is necessary for you to try and have a clearer understanding of the abroad education loan eligibility criteria set by various lenders for students.

Loan applicants or students are the most crucial part of an abroad education loan process. As an education loan applicant, it is your duty to know and understand the various education loan requirements for students and then make an informed decision about your education loan. With this episode, our developers as well as you, our viewers would have reached towards the end of season 1 of this short web-series. We will be back with an even more interesting second season. Till then, do stay tuned and subscribe to this channel to avoid missing any further updates from Loanflix.

Script editor- Arjun R Krishna
Shot, Edited & Directed by Sreeman Reddy
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 Top 75 start-ups in Power of ideas by Economic Times at IIM Ahmedabad.

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Can Unsecured Debt Become Secured

Can Unsecured Debt Become Secured, Eligibility For Education Loan: Criteria for Loan Applicants | Ep 40.

How To Become Financial Obligation Complimentary Sooner

Work with them by all methods and never avoid their calls. Being in debt creates a huge sense of fear. A Secured Debt debt consolidation loan requires collateral.

Eligibility For Education Loan: Criteria for Loan Applicants | Ep 40, Get interesting updated videos relevant with Can Unsecured Debt Become Secured.

, If You Want To Be Debt Totally Free You Have To Stop Overspending.

Any such debt provided to you without an undying property is called unsecured debt. That’s the secret to becoming debt free. Constantly ensure to pay your expenses on time.

Charge card, and revolving credit in basic, can be both a curse and a blessing. When you are brief of money and have an emergency, it is absolutely a true blessing in a time of need. Unfortunately it ends up being a curse if you are unable to repay it on time. There are a number of simple things you can do to better handle your revolving financial obligation, which includes credit card, gas accounts, and department shop cards.

A low rate is very important for you due to the fact that your objective is to sort out your debt problem. Being in financial obligation indicates paying high interest in every installment in addition to the capital. A Secured Debt consolidation loan will provide you freedom type paying high interest. At the very same time it will make your monthly payment smaller. So you can conserve good amount on every installation.

So how do you reach your objective? The first thing is to comprehend you need multiple sources of income. You won’t get there working one job and earning a direct income. You will require numerous income sources and a minimum of one of them requires to be residual. And one of the very best and most popular ways to develop this extra income is with a home based business. House organization is the trend of the 21st century and is quick ending up being the service principle of the future. House business is low risk but high capacity and if you select a business that includes multi level marketing, your success will increase even more.

Device a plan: After creating your concern list it is time to design a plan to be Debt Free. The payment plan must assist you to settle the priority loans quickly. So try to put all the money towards the payment of the loans. You can also make double payments to reduce the payment amount. In case of the other smaller loans you can make the minimum payments up until you are prepared to pay them off.

Charge card settlements might be simpler since the debt is long-term Revolving Debt. The lender wants you to keep their card and continue costs. It doesn’t injured to attempt energy business if you lag on their payments.

On the other hand ensure you account for all your spending. Every last dollar you spend requirements to be in your spending plan. Home mortgage payment, lease, electrical power, cars and truck payment, credit card payments, insurance, kid care, medical, car maintenance and any other regular monthly cost. Also if you make a one-time purchase then you need to figure out where in the budget that fits and add it too. So if you purchase a hammer at the hardware shop then you much better have a line item in the regular monthly budget to represent that purchase.

It is likewise reality that individual loans debt combination is hardly ever successful. Consumers begin it with good intents, but less than half succeed and eventually wind up either in debt settlement or insolvency. At that point, difficult properties can be lost to default. Anybody considering this kind of consolidation owes it to themselves to take a look at all the programs readily available. In all possibility, something aside from combination might work and be far more effective in the long run. For the one month-to-month payment, there is more readily available than simply financial obligation combination. The other techniques may deserve examining.

This is the reason that you owe money in the very first place. Management, relief and combination all supply some type of solution to your credit issues. There are several aspects that may be attributed to this.

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