Welcome to the viewing of episode 9 of the Loanflix Inshorts mini-series. This episode will shed some light on the list of countries for which an NBFC education loan without collateral is granted by lenders.
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.
If you are planning to borrow an NBFC education loan without collateral to fund your higher studies then having an accurate knowledge of the countries which are eligible for an unsecured education loan might help in the long run. This is the topic of discussion of the latest Inshorts episode. The following key points are discussed briefly throughout the episode.
List of countries on the top priority list for a private education loan without mortgage
Countries like the US, Canada and Germany are on top of any student’s list for higher education. However, are you aware of the exact amount of a student loan without collateral provided to aspirants who wish to study in these countries? Get to know all about how candidates can avail a student loan without collateral to study in these countries by watching the beginning of this episode.
Countries with top universities & the final NBFC education loan amount granted for them
The number of students who opt to study in countries like France, Ireland and the Netherlands are comparatively less than those choosing the USA, Canada and Germany for the same. Hence the NBFC education loan amount offered to them is also lesser than what is granted to students attending universities in the US, Canada and Germany. However, exceptions are made for candidates who have secured admission into top universities in France and Ireland. Also, get to know how much unsecured education loan is granted to students who wish to pursue their higher education in the UK.
Exclusive countries which are granted NBFC education loan without collateral
The episodes 19 and 25 of the Loanflix web-series discuss the process of getting an education loan to study in Australia and New Zealand respectively. Each episode clearly stresses on the fact that an NBFC education loan without collateral is not perceived as a secure funding source for higher education by the embassies of these countries. Then how do such students manage to find a lender who lends a private education loan without mortgage? Watch this part of the video to know more about it.
With this point, the episode comes to an end. Do stay tuned for the next episode which will shed light on the topic of whether a Germany education loan covers the blocked account expenses.
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Timezone : (GMT+05:30) Chennai
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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.