Event Description
Welcome to the viewing of episode 19 of the Loanflix Inshorts series. This episode will educate you about the education loan repayment process of different lenders.
Loanflix InShorts is a series of really small duration, three-minute episodes which cover some of the niche topics of the abroad education loan process. The major aim behind introducing this new series is to provide knowledge of the education loan process at a deeper level, thus enabling you to have a hassle-free experience.
Loan repayment is one of the biggest concerns of most students who contemplate on borrowing an education loan to fund their higher studies abroad. A lot of higher education aspirants in India view an abroad education loan as a major liability. More often than not, a lot of them forget to consider the fact that with a little planning and contemplation, this myth can be debunked very easily. In order to plan your loan repayment process, it is important to understand the education loan repayment policies of lenders in India.
What is a Moratorium period in the education loan repayment process?
Everyone is aware of the term moratorium period. However, very few of them are fully aware of its importance in the education loan repayment process. This episode begins with Damini explaining the importance of a moratorium period in the education loan process.
Loan Repayment Process of NBFCs
Borrowers of unsecured education loans face the most difficult time during their student loan repayment period. Find out the student loan repayment policies adopted by most NBFCs and private banks in order to effectively plan your education loan repayment process.
Government Bank Education Loan Repayment Process
Government bank loans are one of the topmost preferred modes of funding higher education for a lot of students. Find out about the education loan repayment rules set down by government banks in this part of the episode.
With this point, the latest episode of Loanflix Inshorts comes to an end. Do stay tuned for the next episode, which will give you an update of some of the important things regarding an education loan which every student who is flying to the USA for their higher studies must fulfill before proceeding ahead.
Date And Time
Timezone : (GMT+05:30) Chennai
Location
India
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Speakers
Damini Mahajan
CoFounder & CEO, WeMakeScholars
Damini is the Cofounder & CEO of WeMakeScholars.com. It’s a BITS start up supported and funded under the IT Ministry, Govt. of India. The organisation’s motive is to offer unbiased collateral/non-collateral based education loan support to students who are planning for studying abroad. As this initiative is under the digital India campaign, it's at free of cost. WMS works with 14+ banks (public/pvt) in India and help you get the best edu loan matching your profile.
Prior to launching WeMakeScholars, Damini had done her masters from the University of Sheffield, UK. Her education was funded under the Developing Solutions Masters Scholarship which covered her full tuition fee ($ 38,000). Damini is also a gold medalist in her Bachelors and also won the outstanding student award from the Vice president of India.
She was the speaker at TiECon 2016 at Silicon valley, San Francisco in the social entrepreneurship segment. She was also covered in the Asian Entrepreneur magazine in the “Women on Top in Tech”, a global series of Women Founders, CEOs & Leaders in Tech.