#EducationLoan Documents For #Unsecured Education Loans | Ep #30

Published on September 2, 2022

New un-edited videos top searched debt Settlement Program, Settle Debt Credit Card, Tips To Become Debt Free, Build Credit, and How Long Does Unsecured Debt Last, #EducationLoan Documents For #Unsecured Education Loans | Ep #30.

The 30th episode of Loanflix will give you a deeper look into the education loan documents required for unsecured education loans. 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.

The education loan process goes smoothly if the loan applicants possess the correct documentation. This episode will help you understand the exact list of documents required for unsecured education loans in India.

We have discussed the education loan documents required for collateral loans in the 4th episode. In this episode, our education loan expert, Damini who is also the co-founder of WeMakeScholars, will tell you the exact list of documents that loan applicants need to submit to NBFCs to get their unsecured education loan. For the ease of understanding, the several categories of documents required for education loans without collateral are explained in the first half of the episode. Moving ahead, Damini further explains certain important aspects such as who you should consider as a co-applicant, how you can safeguard your documents from being duplicated, etc.

The following talking points are discussed:
1.Co-applicant income documents (1:48)
2. Income documents for salaried co-applicants (2:00)
3. Income education loan documents for self-employed co-applicants (2:20)
4. Applicant’s academic documents required for education loans (4:12)
5. Basic KYC education loan documents to be submitted by both (5:06)
6. Other Documents (5:39)
7. Safety of the documents (6:21)
9. Hack (7:40)
10. Conclusion

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

#7. Bank of Baroda Education Loan for abroad studies – https://youtu.be/2_IxhIFnmIg

#8. Education loans from Government Banks, Issues and solutions – https://youtu.be/EkYEzyfwchY

#9. Unsecured education loan from NBFCs – An overview – https://youtu.be/Ln_3Hr3UHWM

#10. International student loan: Prodigy finance student loan & MPower finance (Part 1) – https://youtu.be/YEcdfZ0bh1M

10. International student loan: Prodigy finance foreign education loan & MPower finance (Part 2) – https://youtu.be/D5BdvJd113g

#11. Education loan for abroad: Public banks Vs. Private Banks/NBFCs –

#12. Education loan interest rate: Simple or Compound? – https://youtu.be/yaQPxXN4GJc

Other episodes up to the 29th one can be found in the Loanflix playlist @

By the end of this episode, you will get the complete idea of all aspects of the education loan documents required for an unsecured education loan. The next episode will give you a broader idea of the unsecured education loan process. Do not forget to subscribe to our channel so that you don’t miss out on the notifications about future Loanflix episodes.

Please subscribe to our channel for more such informative videos. Also, do like and share it with your friends. Good luck!

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 the Power of ideas by Economic Times at IIM Ahmedabad.

How Long Does Unsecured Debt Last

How Long Does Unsecured Debt Last, #EducationLoan Documents For #Unsecured Education Loans | Ep #30.

3 Pointers To Getting Financial Obligation Free

Getting a house equity loan to pay off your credit cards means creating a 2nd home mortgage on your home. Never let the unsettled loan balance go beyond the initial loan amount. When you pay back the loan you get the rings back.

#EducationLoan Documents For #Unsecured Education Loans | Ep #30, Play trending complete videos relevant with How Long Does Unsecured Debt Last.

Totally Free Financial Obligation Advice And Financial Obligation Help

The payment strategy ought to assist you to settle the priority loans easily. When the list has been produced you require to note the minimum payments for each financial obligation.

It’s simple to come up with a list of reasons (reasons truly) regarding why you can’t accomplish financial liberty and live financial obligation complimentary. Excuses are how we validate not allowing something to take place. Excuses are how we manage year after year, doing the exact same things and getting nowhere.

We talked about the benefits of a Secured Debt debt consolidation loan, now let’s see the cons. You currently understand that people utilize a vehicle or their house to take these loans. If you default and can’t pay the loan anymore, the car or home will remain in danger.

These types of loans are protected in nature much like other protected loans. A guaranteed loan means that a person has to provide collateral while taking the loan. The person who needs to take the loan needs to promise security; the collateral can be his personal residential or commercial property and so on.

The method this mode of insolvency works is relatively easy in design and principle. It can be considered a form of liquidation insolvency. That implies that all assets that are not exempt will be sold (liquidated) and all cash created from the sale will then go to those debtors that are owed cash. Certainly, there is more to the process than this but that is the most simplified explanation of how it works. If the liquidation results in a complete payoff of all debts owed then the individual that has actually applied for insolvency protection will be Debt Free.

Second of all, this type of debt most affects your credit report adversely. Due to the fact that this kind of debt is most unpredictable and unsafe – it’s called Revolving Debt because it can change from month to month – it can really sink your credit history. This can be a big issue for your credit rating if you have a high balance on your credit card.

Proportion of loan balances to loan quantities is expensive – This suggests you are too near to your credit line. Keep each of your balances at less than 50% of your limitations.

When you are debt totally free, envision what you will have. When you are not paying all that debt, how much extra money will you have. Imagine the better life you stop squandering huge quantities of money on interest payments.

In reality, applying for help is frequently the very best decision you can make. Investing only cash that you have and not utilizing charge card and buying just products needed not desired.

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