Trending updated videos highly rated relief Firm, Relief Solutions, Credit Card Debt Relief, Credit Debt Free, and Is Secured Debt Worth It, #EducationLoan #Repayment Process- Steps to know | Ep #29.
This 29th episode will give you a broad idea about the education loan repayment process in India. For assistance on your education loan, request a call back @ 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 as this initiative is supported by the IT Ministry, Govt. of India.
Education loan repayment is on everyone’s minds. However, very few candidates are well aware of the education loan repayment rules of different types of lenders. With this episode, we aim to provide you with the correct information about the entire student loan repayment process followed by both government banks as well as NBFCs.
The education loan repayment rules of many lenders vary depending on the nature of education loans provided by them. Both government banks and NBFCs follow different education loan repayment process. In this episode, our expert on abroad education loans has bifurcated the education loan repayment process into two different categories. One with respect to government banks and the other with respect to NBFCs. The episode covers the following talking points.
- Repayment holiday in the education loan repayment process (1:33)
- Education loan repayment policy of government banks: When to begin the repayment process? (2:24)
- Education loan repayment of NBFCs: When to begin the loan repayment process? (4:23)
- How does the exact education loan repayment process work? (6:20)
- What is the ideal tenure for education loan repayment? (6:44)
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
#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 28th 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 repayment process of the various lenders in India. The next episode will tell you all about the documentation procedure for non-collateral education loans. 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.
Is Secured Debt Worth It, #EducationLoan #Repayment Process- Steps to know | Ep #29.
Who Is Responsible For Your Financial Obligation If You Pass Away?
These are tried and true ways I graduated college with absolutely no dollars of financial obligation. They can be repossessed and place on foreclosure by the banks. Making minimum month-to-month payments will not get you anywhere.
#EducationLoan #Repayment Process- Steps to know | Ep #29, Find trending complete videos about Is Secured Debt Worth It.
Bad Credit Consolidation Loans: How Financial Obligation Consolidation Works
The plan shows that all your unSecured Secured Debt will be paid off in 36 months. Addressing this actually relies on each specific scenario. You’ve got to put a freeze on your costs.
Utilized cars can be a part of an economical way of life. In fact, some economists who concentrate on assisting their fans end up being financial obligation complimentary advocates just buy pre-owned lorries for money. Owing money is like having actually an anchor connected to your ankle and dragging it around. One false relocation, and you might fall under the ocean of expenses and sink.
The second thing that a financial obligation settlement business will take a look at is just how much unSecured Debt you currently have. In the majority of cases, you will qualify if you owe over $10,000 dollars in debt. Since Secured Debt can not be settled, they will not consider secured debt. This is due to the fact that the lender of debt constantly has the choice of repossessing the item used as collateral and auctioning it off to collect that debt. This, obviously, isn’t the case with unsecured financial obligations.
You would not have actually paid back any financial obligations in real as you would have utilized borrowed cash to pay back obtained cash. Nevertheless, all your complicated charge card estimations will concern an end. You will need to deal with just one lending institution, one loan account and one due date.
The method this mode of personal bankruptcy works is relatively easy in style and concept. It can be considered a kind of liquidation personal bankruptcy. That indicates that all possessions that are not exempt will be sold (liquidated) and all cash generated from the sale will then go to those debtors that are owed money. Certainly, there is more to the procedure than this however that is the most streamlined description of how it works. Then the person that has filed for personal bankruptcy security will be Debt Free, if the liquidation leads to a total reward of all debts owed.
According to a U.S. Congress report, the typical US household has debt that more goes beyond over 40% of what they make every month. In current studies from 2008 the typical balance rose 30.5% to approximately $7350.00. According to the exact same report put out by U.S. Congress, customers have Revolving Debt amounting to an amount of $950 billion.
Percentage of loan balances to loan quantities is expensive – This suggests you are too near your credit line. Keep each of your balances at less than 50% of your limitations.
You should ensure that you comprehend that the very best escape of a life burdened with debt is to make sure that you do not pack any new financial obligation. Believe all of us know that part. Living within our ways would be a good way to move towards a debt free life in future. And among the most crucial things to do in this direction would be to ensure that you always have at least three months of living expenditures set aside as cost savings, work on that first. Then begin cracking away or swinging the bat, whatever slogan works, each swing or effort gets you more detailed. Never ever quit.
The outcome is the quantity of cash you must allocate each month for your Holiday Fund. We will likewise discuss how you can remove your charge card debt later. Debt backed or protected by security.
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