Applying for Non collateral education loan: Step by Step process | Ep #31 (2019)

This 31st episode of Loanflix will let to know the step by step details of the non collateral education loan process. 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 previous episode of Loanflix had given you a preview of the documents required in the process of getting an unsecured education loan in India. In this episode, you will get to know about all the steps that are involved in the process of getting an education loan without collateral in India.

When it comes to borrowing an education loan for abroad studies without security in India, it is very essential that you know the process beforehand. NBFCs who lend non collateral education loans to loan applicants tend to have a lot of hidden costs. Hence, it is extremely crucial that you know the exact steps involved in the unsecured education loan process. In this episode, our education loan expert will give you a detailed explanation of the non collateral education loan process in India. The following steps of the unsecured education loan are explained in great detail in this episode.

Shortlisting the NBFCs for an Education Loan Without Collateral
Connecting with the lender
Sharing the documents
Credit verification call from the respective lender.
Provisional approval of the non collateral education by the lender
Loan agreement & disbursement of the education loan without collateral in India.
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 -
https://youtu.be/GHuHygMGbs0

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

Other episodes up to 30th one can be found in the Loanflix playlist @
https://www.youtube.com/playlist?list=PL43-OnMI0wI-GyMWGb_udBZSm_bfiyfij

By the time you reach towards the end of this episode, you will be able to plan and execute your strategy of the unsecured education loan process by yourself. When it comes to funding your higher studies with the help of an education loan without collateral, planning ahead will always work in your favour. You will be able to navigate through the entire non collateral education loan process in a cost effective manner, thus helping you save quite a significant amount of money in the end. The next episode of Loanflix will educate you about how you can fund your undergraduate studies abroad with the help of education loans. So do stay tuned for the next episode in this series.

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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.