Do banks provide noncollateral education loans for studies in India? Yes, they do, you can get an education loan without collateral, unlike collateral education loans which necessitate pledging properties like houses, land, FD, etc.

Now that the bank is giving you an education loan without any collateral, they are bearing the risk, of whether the money will be repaid or not. Now, to mitigate that risk, the bank analyzes certain things in your profile before approving an unsecured education loan.

What are the factors that banks will look at before giving noncollateralized loans? Watch this video to know the answers to these questions. The following topics are elaborated on in this episode

00:00 Introduction
02:37 The loan amount for noncollateral education loans
04:11 Why do bank staff ask for collateral?
05:33 Interest rates for unsecured education loans
06:18 How banks decide eligible expenses and margin
07:38 Who can be a coapplicant/Guarantor? And what are their requirements?
08:36 How much do banks charge processing fees?
09:33 When and how to apply for an education loan?
10:32 When to repay your education loan?
11:36 Conclusion

The motive behind our effort is to empower students and their guardians to help them make an informed decision while taking an education loan.

Link to VidyaLoans: https://www.vidyaloans.com/

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Here is a list of our mustwatch from Loanfix Season 2. The titles of our previous episodes in this series and their links are as follows:

40 Lacs NonCollateral Loan for MBA in India
   • 40 Lacs NonCollateral Loan for MBA i...  

SBI Education Loan All schemes for UG, PG in India
   • SBI Education Loan  All schemes for ...  

BOB Education Loan All schemes for UG, PG in India
   • BOB Education Loan  All schemes for ...  

Get 80 lacs for Aviation/Pilot courses in India
   • Get 80 lacs for Aviation/Pilot course...  

Education Loan CoApplicant Requirements: Know the Complete List:
   • #EducationLoan Co Applicant Requireme...  

Education Loans from Government Banks Issues & solutions
   • #EducationLoans from Government Banks...  

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After giving you deeper insights into the abroad education loan space, the LoanFlix: Study in India series is now bringing you informative videos on the Indian education loan space for students who wish to continue their studies in India.

If you are planning to start your education loan process whether in India or abroad and funds are the concern, You can start your education loan process, by requesting us a callback https://www.wemakescholars.com/study...

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.

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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 Study in India
   • Loanflix: Study in India  

LoanFlix Season 1
   • Loanflix: The most comprehensive Web...  

LoanFlix Season 2
   • Loanflix Season 2  

LoanFlix Inshorts
   • Loanflix InShorts Answering every ni...  

LoanFlix in Hindi
   • Loanflix in Hindi  

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About the Presenter Damini Mahajan is a visionary entrepreneur and cofounder of WeMakeScholars.com, an education finance startup 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 the Top 75 startups in Power of ideas by Economic Times at IIM Ahmedabad.

Script editor Arjun R Krishna
Shot, Edited & Directed by Sreeman Reddy
Designs Malieka Muzaffar

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#Education Loan #NonCollateral #India