“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.
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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.
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6 сен 2024