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“Education loan interest rate is Simple or compound: Are most of the lenders fooling you?" is the 8th episode from the webseries "Loanflix in Hindi" by WeMakeScholars.If you are planning to start your abroad education loan proces @ www.wemakescho...
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.
Think along these lines if you plan on approaching private lenders for a non-collateral education loan. While discussing your education loan interest rate terms with any of the private lenders, what exactly do they tell you? Is the word ‘simple interest’ used wrongly? Are there hidden meanings in their terms and conditions regarding education loan interest rate? If these questions worry you, look no more! This episode- ‘Education loan interest rate: Simple or Compound’ will clear the most basic doubts regarding education loan interest rate. Our experts do so, by taking the example of HDFC Credila interest rate, which is one such private lender of education loans.
The following are the important sections of this episode:
1. Definition & cases examples (02:07)
2. Here’s the catch (04:28)
3. Discussing an example (05:51)
4. Monthly ya Annual compounding(09:13)
5. The conclusion (12:08)
Hope you all found this episode useful. As you all know, we'll be making this an in-depth series on education loans covering each and every topic. Stay tuned for the next episode detailing various documents required while applying for a secured or collateral education loan.
Watch the other Episodes of LoanFlix in Hindi :
#1.Study Abroad Education Loan: All you need - • Education Loan Kaise m...
#2. Collateral based Education Loan for Abroad studies - • #Collateral #Education...
#3. Foreign Education Loan bina collateral ke - • #Foreign #EducationLoa...
#4. Documents required for abroad Education loan with Collateral - • #Documents required fo...
#5. SBI Education Loan for Abroad Studies- Must know basics - • SBI Abroad Education L...
#6. Bank of Baroda Education Loan schemes : Explained - • BOB Education Loan for...
Watch the episodes of LoanFlix in English :
#1. Introduction to study abroad education loan - y2u.be/-TJ0XCrL0dw
#2. Secured education loans - • Collateral #EducationL...
#3. Abroad Education Loan without collateral - • Abroad #EducationLoan ...
#4. Documents for Education loan - y2u.be/5PtpYVQ7Oo8
#5. SBI education loan for abroad studies - • #SBI Education Loan fo...
#6. SBI Education Loan- Documents, Process & Timeline - • #SBI #EducationLoan: D...
#7. Bank of Baroda Education Loan for abroad studies - • BOB Abroad Education L...
#8. Education loans from Government Banks, Issues and solutions - • #EducationLoans from G...
#9. Unsecured education loan from NBFCs - An overview - • #Unsecured #EducationL...
#10. International student loan: Prodigy finance student loan & MPower finance (Part 1) - • International #Student...
Other episodes up to the 40th one can be found in the Loanflix playlist @
• Loanflix: The most com...
At WeMakeScholars, our team understands our students’ needs and helps them navigate through their abroad education loan process accordingly.
Please subscribe to our channel for more such Informative videos. Also, do like and share with your friends. Good luck!
Script editor- Arjun R Krishna
Shot, Edited & Directed by Sreeman Reddy
Designs- Anandu Sreenivas
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.
Stay connected to know more:
- Like us on Facebook - / wemakescholars
- Follow us on Twitter - / wemakescholars
- Follow and tag us on Instagram - / wemakescholars
- Follow us on Linked in- / wemakescholars-com
- Contact us at hello@wemakescholars.com

Опубликовано:

6 сен 2024

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Комментарии : 203

@samandarsingh3580 Год назад

Thanks a lot !!! You are doing great work for students by spreading financial knowledge . How does private banks /NBFC's make the costumers fool ! Corporate governance is being implemented only in paper ? This is happened only due to the lack of knowledge of the customers . You all are customer oriented . Thanks

@WeMakeScholars Год назад

Hi Samadar! Thank you so much for the kind words. Our motive is to provide precise and valuable knowledge to the masses so, everyone can benefit from quality education. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@Shivam_Shukla 3 года назад

Thank you so much for this crucial information! This channel is filled with pure gold content 🙌

@WeMakeScholars 3 года назад

Hi, Shivam! Glad you're finding the content helpful. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@ankushsaroy5438 Год назад

Great job wemakscholars

@WeMakeScholars Год назад

Hi Ankush! Glad you found the video helpful. For further one-on-one guidance with the loan process, please connect to our loan team by requesting a callback on this link: bit.ly/3KLb0zu Once you fill out the form, they will get back to you to guide you further.

@lloyddsouza1450 3 года назад

Rightly mentioned about HDFC crediala. Firstly they do not explain the difference between simple and compund interest and then when you question they twist it to confuse you .. plus when they can't fund the loan they come up with lame excuse without a strong justification ! Crappy employees totally unprofessional !

@WeMakeScholars 3 года назад

Hi, Lloyd! We completely understand. If you are facing issues with your loan process, WeMakeScholars can help you with alternative loan options. Please request a callback here: bit.ly/education-loan

@gurukuls 3 года назад

great help mam... with this your team is indirectly building up the nation for good... thanksss

@WeMakeScholars 3 года назад

Hi, Shobhit! Glad you found the video helpful. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@uma9893 3 года назад

Mam ye private wale na phir se ghulam banana chhahte hai india ke bhole wale logo ko aap sabko sateek jankari dete raho bhagwan aapka bhala kare

@WeMakeScholars 3 года назад

Hi, Uma! Glad you found the information helpful. We are there to help students like you get an education loan. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@inshiyamansuri7600 Год назад

This is the best ever video I have found on internet explaining the mastermind of interest game. I realized I m saved by getting loan declined from private banks. I wish I could have come here at very start. Explained so beautifully m'am that I guess I learned the perfect simple and compound interest theory of loan. Keep growing wemakescholars.💫

@WeMakeScholars Год назад

Hi Inshiya! Glad you found the video helpful. For further one-on-one guidance with the loan process, please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.

@rajatgupta5984 3 года назад

IMPORTANT RELATED QUESTION : Taking loan of 11 lacs from Canara, Untill loan repayment starts, Only SI will be charged but, the catch is that if I don't pay the interest during this pariod, the total interest of the 2 years will be added to the Base amount I. E the principal amount of 11 lacs. And a new principal amount will be there.. Is it same for other banks also?

@WeMakeScholars 3 года назад

Hi, Rajat! Yes, government banks charge simple interest during the moratorium period which can be paid afterwards. Interest is compounded after the moratorium period. The education loan product of Canara bank is not very competitive compared to the other options in the market. I think it will be a better idea to speak to your financial officer to see which bank will offer you the best terms: bit.ly/education-loan

@xyz-pc3tl 2 месяца назад

Thanks a lot for video🙏🙏

@ShubhamGupta-xb3ux 3 года назад

Omg 😭😭😭 I am got trapped by HDFC!! The same thing happened with me...they said that u will get in simple interest! I was frustrated no one is giving me the right info...thanks thanks thank..I will call u tomorrow plz guide me

@WeMakeScholars 3 года назад

Hi, Shubham! Yes, we can help you out. Please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.

@AyushBadolaBMT 3 года назад

What is the interest rate in case of scholars loan of SBI?? is it fixed ,i.e one time interest on the principle interest or the other way?

@WeMakeScholars 3 года назад

Hi, Ayush! Government banks charge simple interest during the moratorium period. After that, it is compounded. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@15aliyashakil51 7 месяцев назад

Govt bank agr 2 sal k lie 10 lakh loan sanction krta h toh 2 lakh interest add hga fr... 10 lakh pr hi compounding start hga n....

@WeMakeScholars 7 месяцев назад

Hi, Government bank mai compounding nahi hoti h moratorium period ka time mai.

@pramodmali9063 3 года назад

Thank You mam, it helps 🙏🏻

@WeMakeScholars 3 года назад

Hi, Pramod! Glad you found the video helpful. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@amanfrancis5874 6 месяцев назад

Good job💯👍👍👍 Ma'am

@rahul-qo3fi 3 года назад

The interest incurred during moratorium period becomes part of principal after the moratorium period? Thanks a million for the video!!

@WeMakeScholars 3 года назад

Hi, Rahul! Yes, it will be included in your EMIs. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@AkshayKumar-ok9dn 3 года назад

Non compound interest govt. Banks video bnao

@WeMakeScholars 3 года назад

Hi, Akshay! Government banks charge simple interest during the moratorium period. After that, it is compounded. For further guidance, please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.

@skaryacanada 4 месяца назад

thank you

@junaidkhan-vz5br 4 года назад

Thanks ma'am Today I got know about your startup from my friend will looking to apply loan via wemakeschloars

@WeMakeScholars 4 года назад

Hi, Junaid! That's great! You can get in touch with our team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, your Financial Officer will get back to you to guide you further.

@junaidkhan-vz5br 4 года назад

@@WeMakeScholars already requested a call back day before yesterday. From Suburban Mumbai, last 4 digit of mobile number is 5184

@WeMakeScholars 4 года назад

@@junaidkhan-vz5br Hi, Junaid! Can you please provide your email address? We cannot locate any applications with the name of Junaid Khan.

@junaidkhan-vz5br 4 года назад

@@WeMakeScholars imohammedsk@gmail.com

@WeMakeScholars 4 года назад

@@junaidkhan-vz5br Your Financial Officer will get in touch with you soon.

@ankushsaroy2429 3 года назад

Thank you very very much ma'am information dene ke liye

@WeMakeScholars 3 года назад

Hi, Ankush! Glad you found the information helpful. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@rohitsatwase2176 3 года назад

That was very helpful 👍🙏thanx. i was going for credila due to faster processing..bt now i am thinking of switching to sbi

@WeMakeScholars 3 года назад

Hi, Rohit! That's great. Please fill up the application form on this link: sbieducationloan.co.in/ The loan team will contact you to guide you further.

@rohitsatwase2176 3 года назад

@@WeMakeScholars Damini Mam i had requested a call back... didn't receive any call. I want to apply through we make scholars..and bank is lit. harassing by asking to bring unnecessary documents... i am applying for 7.5 lakh loan at sbi...for a advanced diploma in Canada they say we require i20 or cas...bt Canada doesn't hav that...its for U.S.... i dunno how to make them understand that.. also they say we need a document from clg stating that you have been admitted..bt there is no such thing.. i said i hav offer letter.. besides i will also give you complete fee payment receipt... they aren't accepting... i am in need for real help..and want we make scholars to intervene... please arrange a call back at earliest 🙏🙏🙏 sincere request...

@WeMakeScholars 3 года назад

@@rohitsatwase2176 Hi, Rohit! Sorry to hear that. Please share your registered contact details to hello@wemakescholars.com . The team will get back to you ASAP.

@rohitsatwase2176 3 года назад

@@WeMakeScholars Hello mam I was contacted by we make scholars financial officer... i hoped that your team would intervene and help me in the process...instead they told me that a third party (vidya loans) would call me and I have to pay the 10,000 for their service. It was really sad to hear it... from no fee charged to directly 10,000 being asked to pay. That too to a third party .

@WeMakeScholars 3 года назад

@@rohitsatwase2176 Hi, Rohit! Yes, if you are going with VidyaLoans, you would be required to pay the processing fee for a faster loan processing time. Kindly reach out to your Financial Officer for further guidance on this.

@ritesharya1141 2 года назад

But mam as in example apne kha 10 lakh liye 5 year k liye...aur apne uspe 10% intrest lagaya....par mam ye 10% intrest total amount p lagega ya srf utne p jitna hum 1 saal m use kiye h total amount ka

@WeMakeScholars 2 года назад

Hi Ritesh! The interest will be charged on the amount that you disburse from your education loan. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@Anvitha_shorts_11 Год назад

I have been sanctioned education Loan for Rs. 30 lakh. How the interest will be calculated when repayment starts.

@WeMakeScholars Год назад

Hi Padama! It depends on the type of loan. If you have taken a loan from a government bank, you will not have to pay interest during the moratorium period (course duration + 6 months/1 year). The interest accumulates and you can pay after the moratorium period. If you take an unsecured loan from a private bank/NBFC, you will have to make either full or partial interest payments even during the moratorium period.

@alishfakhan2323 3 года назад

It is very very helpful mam it is very great

@WeMakeScholars 3 года назад

Hi, Alishfa! Glad you found the video helpful. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@solankivijay8262 2 года назад

Thank you for your Afford mam... 😇

@WeMakeScholars 2 года назад

Hi Solanki! Glad you found the video helpful. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@Nursesway 2 года назад

Thank you for your time

@WeMakeScholars 2 года назад

Hi! Glad that you found the video helpful. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@chauhanraj659 4 года назад

If I sanction 30.7 lacs (loan amount), how much amount do I need to compulsorily disburse? What if I disburse only 20 lacs of that loan amount?

@WeMakeScholars 4 года назад

Hi, Raj! You may disburse only 20 lakhs if you wish to do so. You will only be charged interest on the disbursed amount.

@kanhaiyakumar4727 2 года назад

Thanks

@WeMakeScholars 2 года назад

Hi, Kanhaiya! Glad you found the video helpful. For further one-on-one guidance with the loan process, please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.

@absarmandal9946 3 года назад

Thanks maam

@WeMakeScholars 3 года назад

Hi, Absar! Glad you found the video helpful. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@abhijeetsingh1570 3 года назад

I regret choosing hdfc credila I have already started my process and feeing like stuck

@WeMakeScholars 3 года назад

Hi, Abhijeet! Not a problem. You can get in touch with our team and they'll help you out with better loan options. Please request a callback: bit.ly/education-loan

@tannujoshi6853 2 года назад

thankyou so much

@WeMakeScholars 2 года назад

Hi Thannu! Glad you found the videos helpful. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@ArjunVerma-lq4cf 3 года назад

thanks a lot

@WeMakeScholars 3 года назад

Hi, Arjun! Glad you found the video helpful. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@malinasahoo6310 11 месяцев назад

Mam what should be part period interest rate on ₹298900 if i have applied for scholar loan

@WeMakeScholars 11 месяцев назад

Hi Malina! Interest rates charged, Depends on the lender you're processing your Loan with, FYI Public banks charge 10-11% & private bank interest rates start from 11.5%. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@SureshMahey 4 года назад

Good information

@WeMakeScholars 4 года назад

Hi, Suresh! Glad you found the information helpful! If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@ShubhamYadav-tv6pt 3 года назад

Thankyou so much mam

@WeMakeScholars 3 года назад

Hi, Shubham! Glad you found the video helpful. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@Infinity-su8un 2 года назад

Mam agar hum 2 saal ke 200000 lete h lekin ek year ki fees 100000 h toh kya intrest 100000 ka lagta h ya 200000 ka

@WeMakeScholars 2 года назад

Hi! Interest will be charged only on the amount that you will be disbursing from the loan. For further one-on-one guidance with your loan process please connect to our loan team by requesting a callback on this link:bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.

@jyothiratnala2052 3 года назад

What is meant by "simple interest in moratorium period"?

@WeMakeScholars 3 года назад

Hi, Jyothi! This means simple interest will be charged during the moratorium period (course duration + 6 months/1 year). Simple interest is the interest levied on your principal loan amount of your education loan. For further guidance, please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.

@himanshigarg3811 3 года назад

Ma'am can u please tell me about financepeer education loan

@WeMakeScholars 3 года назад

Hi, Himanshi! Sorry, we can't help you with that. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@AkshayKumar-ok9dn 3 года назад

Mam how do we contact you

@WeMakeScholars 3 года назад

Hi, Akshay! Please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.

@ghotonkaka 3 года назад

For education loans, does SBI charge compound interest daily, monthly or annually?

@WeMakeScholars 3 года назад

Hi! Simple interest is charged during the moratorium period. After that, it is compounded. Interest is paid monthly after the moratorium period, as part of EMIs. Please fill up the application form on this link: www.sbieducationloan.co.in/ The loan team will get back to you to guide you further.

@anamikasinghrajput674 3 года назад

Hello mam....is the non colletral lone repayment charge same

@WeMakeScholars 3 года назад

Hi, Anamika! It depends on the type of loan. If you have taken a loan from a government bank, you will not have to pay interest during the moratorium period (course duration + 6 months/1 year). The interest accumulates and you can pay after the moratorium period. If you take an unsecured loan from a private bank/NBFC, you will have to make either full or partial interest payments even during the moratorium period. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@anamikasinghrajput674 3 года назад

@@WeMakeScholars ok.. Tnq mam....

@ahirraorajesh 11 месяцев назад

Kya hamne phale credila se liya aur 3 sal bad Govt bank me loan transfer kar sakate hai na

@WeMakeScholars 11 месяцев назад

Hi Rajesh! Yes, you can transfer an education loan from HDFC Credila to public banks. But if you take an unsecured education loan from HDFC Credila then you have to put a collateral to transfer that loan to public banks. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/3KLb0zu

@FAULT753 Год назад

government banks are not provided education loan for master degree from united kingdom

@WeMakeScholars Год назад

Hi Ishu! It is not true, we can help you get an education loan for your masters in the UK. But we would require a few more details to check your eligibility with 14+ Public and private lenders, so you can get the best education loan suiting your profile. Please connect to our loan team by requesting a callback on this link bit.ly/3KLb0zu Once you fill out the form, they will get back to you to guide you further.

@rohitsatwase2176 3 года назад

Hello Mam, Just can you confirm one thing... I asked HDFC credila that if I pay partial interest..toh jo bacha hua interest hai woh principle mein add hoke uspe interest lagega na? He told nahi lagega...I asked 3-4 times and still they are saying 100% confirm ...bache hue interest pr interest nahi lagega.. What do you suggest? What should I do?

@WeMakeScholars 3 года назад

Hi, Rohit! As students have faced issues with Credila in the past, it would be better to look at other lender options. For further guidance on this, please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.

@abhishekkumarjha4314 3 года назад

❤️❤️❤️❤️❤️.

@ritesharya1141 2 года назад

Intrest total amount p lagta h ya srf uspe jitna humne ek saal m use kiya h total amount ka ????? Please batao🙏

@WeMakeScholars 2 года назад

@AbhaySharma-fg6ch 3 года назад

Hello mam, I have taken loan of Rs. 2 lakhs @9.75 p.a. from Bank of Baroda, but I have asked to pay Rs. 250 approx. as interest by the bank at the end of month. Can you tell me why this happens.

@WeMakeScholars 3 года назад

Hi, Abhay! Kindly approach your bank directly. They will guide you on this.

@singha__ 3 года назад

How long can be monotorium period? Is it can be 8 yrs.

@WeMakeScholars 3 года назад

Hi, Bishal! Moratorium period is course duration + 6 months/1 year. So it depends on your course. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@imhappie 2 года назад

Is it advisable to pay simple interest on moratorium period???

@WeMakeScholars 2 года назад

Hi! Yes, It is so that you will be repaying your loan faster. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@kushaggrkashyap9831 4 года назад

Super job

@WeMakeScholars 4 года назад

Hi, Kushaggr! Thanks for appreciating our videos.If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@pallavichavan6041 3 года назад

Bank compound intrest see repayment krne ke liye kaha haii Par kyaa kree

@WeMakeScholars 3 года назад

Hi Pallavi, we will have to check with the bank on this. Please email us the bank name and the concern to hello@wemakescholars.com along with your WeMakeScholars registered email id.

@sandeepverma-pd7cc 3 года назад

Gbu❤️

@WeMakeScholars 3 года назад

Hi, Sandeep! Glad you found the video helpful. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@smentertainment9860 3 года назад

Kya sbi government bank hain???

@WeMakeScholars 3 года назад

Hi! Yes, SBI is a government bank. You may watch this video on SBI education loans for more details: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-yhGd-7pWayc.html Please fill up the application form on this link: sbieducationloan.co.in/ The loan team will contact you to guide you further.

@peekay8920 3 года назад

Hello, there's two types of personal loan 1. state run cooperative bank is giving 6 lakhs for 6 years on 12% simple interest 2. SBI Xpress loan is offering 6 lakhs for 6 years on 11.7% compound interest. Which one will be best?

@WeMakeScholars 3 года назад

Hi! You may watch this video on why education loans are a better option than personal loans to fund your higher studies: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-qePGET8yE3M.html If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@pratikthorat5489 4 года назад

Hello ma'am, Federal bank states, "During moratorium period only simple interest will be charged". What kind of interest we supposed to pay for entire repayment period ?

@WeMakeScholars 4 года назад

Hi, Pratik! The education loan product of Federal Bank is not very competitive compared to the other options in the market. I think it will be a better idea to speak to your Financial Officer to see which bank will offer you the best terms. Please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.

@pratikthorat5489 4 года назад

@@WeMakeScholars thank you for the reply ! I know all this, I have seen most of your videos. I just want to know which kind of interest we have to pay during repayment in case of Federal bank.

@WeMakeScholars 4 года назад

@@pratikthorat5489 You would have to approach Federal Bank directly for that. If you require help with alternative loan options and fast loan processing, please request a callback: bit.ly/education-loan

@samimreja6689 3 года назад

Mam..Maine mbbs korne ke liye 20 lakh loan Lena chatahu.or course complete ke bad 5 year me Maine all money dena chatahu..to total principle amount or interest amount milke Kitna mujko dena poregha ??? Please mam reply kijiye

@WeMakeScholars 3 года назад

Hi, Samim! Please watch this video on How to accurately calculate EMI for education loan: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-jcl5wMoeBKk.html If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@smentertainment9860 3 года назад

SBI Bank simple interest leta hain yeh compound interest leta hain????

@WeMakeScholars 3 года назад

Hi! SBI Bank charges simple interest during the moratorium period. Please fill up the application form on this link: sbieducationloan.co.in/ The loan team will contact you to guide you further.

@nikulgohel1741 3 года назад

i can not contact we make scholars beucause website shows :due to high number of loan request from your region ,we are not accepying any new application what can i do mam?

@WeMakeScholars 3 года назад

Hi, Nikul! Please share your contact details and city/state to hello@wemakescholars.com . The team will get back to you.

@navdeepsingh8215 2 года назад

👏👏

@gauravnagar4186 4 года назад

Hello mam I had applied for education loan to avanse and they had mentioned the PSI of 5000 for 36 months and emi for 84 months. So are they manipulating with this partial interest?

@WeMakeScholars 4 года назад

Hi, Gaurav! No, they are not. If you take an unsecured loan from a private bank/NBFC, you will have to make either full or partial interest payments during the moratorium period. Please feel free to reach out to your Financial Officer for any questions.

@khumar2877 3 года назад

Mam ...zb loan time period khtm ho zata hi aur EMI bhrni shuru ho zati hi...to 4 saal k end me jo amount hua rehta hi utna he repay krna hota h...ya zbtk loan repay full nhi ho zata tb tk amount bdhta he rehta hi?

@WeMakeScholars 3 года назад

Hi, Khumar! You will have to repay the principal amount + interest per year. Please watch this video on how to calculate EMI: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-jcl5wMoeBKk.html If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@smentertainment9860 3 года назад

Mam vidya laxmi portal se main agar loan k liye apply karu to mera loan pe kon sa interest lagega????

@WeMakeScholars 3 года назад

Hi! For a faster loan process, I would suggest you apply via WeMakeScholars. You may do so by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.

@Utkarsh.S 2 года назад

Home loan ci pe milta hai ya si pe

@WeMakeScholars 2 года назад

Hi Utkarsh, We are a scholarship listing portal and help Indian students with education loans as well. Unfortunately, we do not have the expertise in the required field to help you out.

@satyabratasamal2637 3 года назад

Ma'am I have taken education loan from Bob..do I have to pay interest amount in each month??? If I don't do so will it be compounded???

@WeMakeScholars 3 года назад

Hi, Satyabrata! No, you do not have to pay interest during the moratorium period (course duration + 6 months/1 year). The interest accumulates and you can pay after the moratorium period.

@g.dkarad2390 3 года назад

Mam 6 year ka course ho to kya hame 6 year ka bhi interest bharna padega ya moterioun period se chalu hota he

@WeMakeScholars 3 года назад

Hi! It depends on the type of loan. If you have taken a secured loan from a government bank, you will not have to pay interest during the moratorium period (course duration + 6 months/1 year). The interest accumulates and you can pay after the moratorium period. If you take an unsecured loan from a private bank/NBFC, you will have to make either full or partial interest payments even during the moratorium period. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@pradippawar2581 3 года назад

Hi ma'am I have withdrawn a education loan from SBI Bank . On loan statement amount (₹151000)and bank manager(₹240000 )told me amount is different .I am confuse for this happening with this .Bank send me notice also with ₹240000.please give me a suggestion.can I do settlement or repay wich amount on statement or whichever manager asking.please suggest me. Looking forward to hearing from you.

@WeMakeScholars 3 года назад

Hi, Pradip! Kindly contact the bank directly regarding this. They will guide you further.

@gurleenkour1762 2 года назад

Mam if we are taking loan of 200000 lakh and the interest rate is 8.3% which is almost 1,00000 do i have to pay 100000 each month or only one lakh?

@WeMakeScholars 2 года назад

Hi Gurleen, You can go to this link where you can put on all the figures and it will show up the EMI that you have to pay : www.wemakescholars.com/education-loan-emi-calculator. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@charan2424 19 дней назад

Mam maine mca ke liye 1lac20000rs ka loan SBI se 10.65% me liya hai. To iss amount ka interest monthly payment krna pdega ya phir yearly?

@WeMakeScholars 18 дней назад

Hello Charan, aap monthly payment karna padega. Agar aapki profile me kuch alag conditions hai tho krupaya apni bank se contact kare.

@charan2424 18 дней назад

@@WeMakeScholars thank you mam

@banikesarwani3347 4 года назад

Mam, mai indian unisversity ke liye educational loan lena chahti hu to kya mai iske baare me aapse question puchh sakti hu?

@WeMakeScholars 4 года назад

Hi, Bani! We can help you out with loans for study in India only if your loan amount is above 10 lakhs (with collateral). If that is the case, please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.

@irfan2432 2 года назад

madam can you please guide for medical students post graduate fees , as you may know , how much heavy fees our doctors have to pay in private colleges to complete there MD/MS course .

@WeMakeScholars 2 года назад

Hi Irfan, what is your required loan amount?

@irfan2432 2 года назад

@@WeMakeScholars Madam my loan amount is 48lakhs

@irfan2432 2 года назад

Its fees of 3 years of MD medical seat

@WeMakeScholars 2 года назад

@@irfan2432 Please connect to our loan team by requesting a callback on this link:bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.

@irfan2432 2 года назад

@@WeMakeScholars ok madam i will.

@monstercricketer2096 2 года назад

Maine education loan lete time land ka rashid diya tha...kya y secured h ya unssecured loan ...please confirm me??

@WeMakeScholars 2 года назад

HI! Yes if you have submitted your collateral details to the bank then, It is probably a secured loan. Instead of going directly to the lenders, you may connect to our loan team requesting a callback on this link:bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.

@MohitKumar-ok1zj 3 года назад

madam I had call backed you to ask some queries regarding educational loan on link.

@WeMakeScholars 3 года назад

Hi, Mohit! Please share your registered email address. The loan team will contact you ASAP.

@koushalyaodiyar6707 3 года назад

Mam can you help me to get 0% interest during moratorium period

@WeMakeScholars 3 года назад

Hi, Koushalya! If you take a secured loan from a government bank, you will not have to pay interest during the moratorium period (course duration + 6 months/1 year). The interest accumulates and you can pay after the moratorium period. If you take an unsecured loan from a private bank/NBFC, you will have to make either full or partial interest payments even during the moratorium period. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@mayankramteke153 4 года назад

Mam jaise ki... 35lakh ka loan h for ukraine 6yrs ... 9-10% yahi 6yrs of course + after job yahi 9-10% intrest lagega yaaa job k baad intrest 12-13 hota hai?

@WeMakeScholars 4 года назад

Hi, Mayank! If you take a secured loan from a nationalized bank, the rate of interest will remain the same throughout the loan tenure. If you haven't yet gotten in touch with WeMakeScholars, you can do so by requesting a callback on this link: bit.ly/education-loan

@sanjukitutu.7381 3 года назад

Mam mujhe Ukraine padhne jane wala hu mujhe loan chahiye.... Kaise contact kare...

@WeMakeScholars 3 года назад

Hi, Sanju! We would have to evaluate your profile to check your eligibility. Please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.

@arpitap4859 3 года назад

Hello, Can we get loan from government banks on totally simple intrest, means only on simple intrest till we repay that?

@WeMakeScholars 3 года назад

Hi, Arpit! Government banks charge simple interest throughout your moratorium period (course duration + 6 months/1 year). If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@vanshmalhotra726 3 года назад

@@WeMakeScholars but mam u told that there is no interst calculate in year which we are studying after the course Is completed then only we have to pay the interst with emi

@WeMakeScholars 3 года назад

@@vanshmalhotra726 Hi, Vansh. If you have taken a secured loan from a government bank, you will not have to pay interest during the moratorium period (course duration + 6 months/1 year). The interest accumulates and you can pay after the moratorium period. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@rahulsunehra 4 года назад

👌👌👍

@Vijaykumar-ey8om 3 года назад

I took loan from BOB Moratorium chal rha hai abhi To srf interest pay kr rha hu abhi To mera interst amount har month vary kyun kr rha hai Jabki mere principal amount same hi hai 1st month 512 liye 2nd month 568 3rd month 628 So i don't understand why this interest amount is increasing

@WeMakeScholars 3 года назад

Hi, Vijay! Interest amount charged is not the same every month even if the outstanding is the same because interest is calculated based on the number of days, so for 31 days month, it will be different from a 30 days month.

@Vijaykumar-ey8om 3 года назад

@@WeMakeScholars difference in one day i.e 30 31 make not huge difference. As in mine case there is major difference even it is calculated on SI basis Why is it so

@WeMakeScholars 3 года назад

@@Vijaykumar-ey8om Was your loan sanctioned via WeMakeScholars? If yes, please email us the bank name and the concern to hello@wemakescholars.com along with your WeMakeScholars registered email id.

@RaHuL-sv8uw Год назад

Having same issue ... Can u help me out ?

@akhilrajan7806 4 года назад

🤩

@sachitsharma9686 3 года назад

Hello Ma'am, I have applied for a loan through we make scholars but I have a query which the financial advisor may be unaware of it. My query is that if I fail to pay the simple interest during my study period, then what will be the consequences or next step?

@WeMakeScholars 3 года назад

Hi, Sachit! This depends on which bank you are taking the loan from. If it is a government bank, you are not required to pay interest during the moratorium period.

@sachitsharma9686 3 года назад

@@WeMakeScholars ma'am since for the college i am going non collateral loan is provided by icici only

@sachitsharma9686 3 года назад

@@WeMakeScholars so for icici bank if i fail to pay the simple interest during the study period then will it be compounded withe principle amount or will i be charged some penalty for it?

@WeMakeScholars 3 года назад

@@sachitsharma9686 If you don't make interest payments, your loan will become NPA.

@sachitsharma9686 3 года назад

@@WeMakeScholars thanks ma'am

@deepshah737 3 года назад

Hello Ma'am .. thank you so much for this amazing video. I had a doubt.. After my moratorium period, government bank like SBI charges compound interest monthly or annually?

@WeMakeScholars 3 года назад

Hi, Deep! After the moratorium period, you will have to pay interest every month along with your EMIs. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@Shaqibpasha0122 3 года назад

How to contact you

@WeMakeScholars 3 года назад

Hi, Shaqib! You may connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.

@deexithpoligi9995 3 года назад

Hai madam

@deexithpoligi9995 3 года назад

Madam see one time profiel

@deexithpoligi9995 3 года назад

Iam ashutosh from telangana

@deexithpoligi9995 3 года назад

Raahul telangana manager ....

@WeMakeScholars 3 года назад

Hi! If you are facing any issues with your loan process, please share your registered email address so we can locate your profile.

@nehaarora1469 2 года назад

Kya 5lakh ka loan mil jayga

@WeMakeScholars 2 года назад

Hi Neha! Yes, we can help you out in getting an education loan of 5 Lakh. Please connect to our loan team by requesting a callback on this link:bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.

@itsak1626 4 года назад

Can i repay full amount of loan + interest after moratorium period over?

@WeMakeScholars 4 года назад

Hi! It depends on the type of loan. If you have taken a secured loan from a government bank, you will not have to pay interest during the moratorium period (course duration + 6 months). The interest accumulates and you can pay after the moratorium period. If you take an unsecured loan from a private bank/NBFC, you will have to make either full or partial interest payments even during the moratorium period. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan

@itsak1626 4 года назад

@@WeMakeScholars yes i was talking about secured load from government bank, so can i pay full loan amount + interest after moratorium period?

@WeMakeScholars 4 года назад

@@itsak1626 Yes, you can. Please request a callback for further help with this: bit.ly/education-loan

@SOD25 3 года назад

How we can contact you mam?

@WeMakeScholars 3 года назад

Hi, Prem! You may connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.

@pallavichavan6041 3 года назад

Same mere sath aisa kr rha hai SBI bank mai

@WeMakeScholars 3 года назад

Hi Pallavi, we will have to check with the bank on this. Please email us the bank name and the concern to hello@wemakescholars.com along with your WeMakeScholars registered email id.

@rohitshukla7926 4 года назад

Dear Damini Please help me in how can I show fund I have shared full detail of my situation in message to we make scholar page on instagram

@WeMakeScholars 4 года назад

Hi, Rohit! We have received your details. The team will get back to you to help you out with this.

@rohitshukla7926 4 года назад

@@WeMakeScholars Thanks

@titikshavlogsscotland235 4 года назад

Thank you

@WeMakeScholars 4 года назад

Hi, Titiksha! Glad you found the video helpful. You may reach out to our loan team for guidance on your education loan process by requesting a callback on this link: bit.ly/education-loan