Welcome to the viewing of the 34th episode of Loanflix. As mentioned in the previous episode, this episode will give you complete knowledge about the process to get an education loan for MBA abroad. Loanflix is the most comprehensive web-series on abroad education loans. The motive is to empower students and their guardians so that they can take an informed decision about the education loan.
It is common knowledge that funding your MBA program abroad is not a cheap affair. Given the nature of this course, a lot of students think of funding MBA courses with the help of an MBA education loan. In this 34th episode, our education loan expert, Ms Damini Mahajan will throw some light on the MBA education loan process in India.
The following points are discussed in this episode in great detail.
Options of Lenders Who Lend An Education Loan For MBA
Did you know that collateral education loan is just one of the two education loan options available in India? At the beginning of this episode, you can get to know all about the different options that you can consider while borrowing an education loan for MBA course abroad.
How to Fund your MBA Course With The Help of an Abroad Education Loan without Collateral?
NBFCs are not the only source of getting non collateral education loans to fund your MBA course abroad with. To know more about which other financial organizations offer non collateral education loans, do watch out for this part of the 34th episode.
Secured Loans For MBA Abroad
Have you ever wondered why many students often opt for unsecured MBA education loans instead of secured education loans? In this part of the episode, Damini tells you all about the various reasons why candidates often consider non-collateral education loans over collateral loans despite their high cost and how you can overcome all these shortcomings. You can look forward to getting some inside information on how you can secure the best MBA education loan scheme, without any hassles.
Secured Education Loan Terms For Funding MBA courses Abroad
The student-friendly terms and conditions and comparatively easy repayment terms are what makes secured education loans from the government banks more appealing to students. In this part of the episode, Damini tells you all about these terms and conditions and clarifies the entire secured education loan process for you.
When is it the Right Time to Apply For an Education Loan For MBA Courses Abroad?
This question is on the minds of all students who plan on borrowing an MBA education loan to fund their studies. In this part of the episode, Damini tells you all about the right time to apply for an MBA education loan.
When to Repay This MBA Education Loan?
As in the previous video, Damini tells you about the education loan repayment terms of the various vendors. Education loan repayment is a very important part of the entire process of getting an MBA education loan. Hence, do listen to all the points discussed at this point in the episode.
How to Apply For an MBA Education Loan?
If you ask students who had availed an education loan to fund their studies abroad in the past, their response will only discourage you from applying for one. In this part of the episode, Damini reveals some of the tricks to effectively gain your MBA education loan on time.
The above point marks the conclusion of episode 34 of the Loanflix web-series. Stay tuned for the next episode which explores the possibility of how candidates can get to fund their executive courses with the help of an education loan.
Date And Time
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.