Guide for Parents taking an Education Loan for Kids | Ep 31

Описание: It's a proud moment for any parents when their children get accepted into top universities abroad. However, failing to provide the required finances (which could range anywhere between 15-40 lakhs or even more) could derail your child's plan.

To safeguard their children's future, parents break the FDs, withdraw money from a PPF account, borrow from friends and family or sell a property, all of which are personal choices but there is a better option available that is opting for an education loan. How? Watch the entire video to find out.

The following topics are elaborated in this episode 👇

00:00 - Introduction
01:49 - Take an Education Loan or not
03:54 - Education loan vs other loans (6 key points)
04:03 - Point 1- Interest rates on the disbursed amount
04:25 - Point 2- Benefits under section 80E
04:44 - Point 3- Only 0.5% on foreign remittance
05:21 - Point 4- Interest rate subsidies by Govt. on India
05:47 - Point 5- Holiday period from interest payment
06:22 - Point 6- The repayment period
07:34 - Collateral or Non-collateral
09:46 - The final tip for the parents
10:00 - 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.

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

📍 3 tips to avoid Education Loan rejection
   • 3 tips to avoid Education Loan rejection |...  

📍 Education Loan Misconceptions
   • TOP 15 Education Loan Misconceptions | Ep 30  

📍 Education Loan income tax-exemption: Section80E
   • #EducationLoan income tax-exemption: #Sect...  

📍 Education Loan interest subsidy: Government schemes
   • #EducationLoan interest subsidy: Governmen...  

📍 Education Loan Repayment Process - Explained
   • #EducationLoan #Repayment Process - Explai...  

📍 Expenses Covered By An Education Loan in India
   • Expenses Covered By An #EducationLoan in I...  

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Since the first episode in 2018, the LoanFlix series has now become the most comprehensive web series on YouTube on the abroad education loan process. LoanFlix season 2 brings you deeper insights into the topics related to the Abroad Education Loans space.

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 Season 1
   • Loanflix: The most comprehensive Web-serie...  

🔶LoanFlix Inshorts
   • Loanflix InShorts- Answering every niche t...  

🔶LoanFlix in Hindi
   • Loanflix in Hindi  

🔶Country-wise Education Loan Guides
   • Country-wise Education Loan Guides  

🔶Testimonials- WeMakeScholars
   • Testimonials- WeMakeScholars  


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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 the Top 75 start-ups 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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#EducationLoan #Parents #Guide