Retired Individuals as Co applicant For Education Loan: Possible or Impossible?

Retired Individuals as Co applicant For Education Loan: Possible or Impossible?


Event Description

Welcome to the viewing of the fourth episode of Loanflix. This episode will shed light on requirements to be met by a co applicant for education loan.

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.

The process of naming a co applicant for education loan can be overwhelming if one is not entirely aware of the education loan co applicant requirements. If you are someone seeking an education loan, you may have definitely wondered whether it is possible to name individuals who are retired and those without a stable financial source as co applicants for education loan.

Here is a piece of information for you, it is definitely possible for an individual to name retired personnel as co applicant for education loan in government banks.

Further ahead, this episode will also educate you about the education loan co applicant requirements for an education loan without collateral. It will shed light on the education loan co applicant profiles acceptable for certain schemes of education loan without collateral.

Do stay tuned for the next episode of Loanflix Inshorts the subject of which will be “How to avail an abroad education loan in India if the applicant or co-applicant is NRI?”

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 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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