Disbursement of Living Expenses In An Education Loan For Abroad Studies

Disbursement of Living Expenses In An Education Loan For Abroad Studies


Event Description

Welcome to the viewing of the 6th episode of Loanflix Inshorts. This episode will give you information about the living expenses disbursement process of an education loan for studies abroad.


Loanflix InShorts is a series of really small duration, three-minute episodes which cover some of the basic, common terms involved in the abroad education loan process. The major aim behind introducing Loanflix InShorts is to provide knowledge of the education loan process at a deeper level, thus enabling you to have a hassle-free experience.

This latest episode of Loanflix Inshorts focuses especially on one certain aspect of the disbursement process of an education loan for studies abroad; living expenses. This episode will bust one of the biggest myths in the abroad education loan process of government banks. You will also get clarity on how banks, as well as NBFCs disburse your living expenses while studying abroad. Get to know the concept of an FTC by government banks.

If you are preparing to study in either Canada or Germany, you will learn how government banks disburse your GIC and Blocked account amounts from your education loan for studies abroad.

The next episode of Loanflix Inshorts will tell you about the rate of interest for education loan for studies abroad of the various banks and NBFCs. So stay tuned!


Date And Time

Timezone : (GMT+05:30) Chennai



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Damini Mahajan

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. 

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