SBI education loan for abroad studies - Things to know

SBI education loan for abroad studies - Things to know

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Event Description

We are here with the 5th episode of Loanflix, titled “SBI education loan for abroad studies”.

Are you completely aware of every aspect of SBI education loan schemes for abroad studies? Even if you are, how confident are you about the terms and conditions? To clarify all these doubts, we came up with this episode of Loanflix. Our motive is to ensure that every aspiring student gets to know about the different loan schemes offered by SBI and to help him/her take a well-informed decision. The speaker of this episode is Damini Mahajan, CoFounder & CEO, WeMakeScholars. Below are the topics discussed in the episode:

 

What are the current SBI education loan schemes for abroad studies? 

The SBI offers two loan schemes for abroad education. They are:

 

Which scheme is best suited for abroad studies? What are some of the salient features of the mentioned schemes?

Update your knowledge about these points by watching the beginning of this episode.

 

What is the processing fee charged for SBI education loan schemes for abroad studies?

Are you aware of the minimum and maximum processing fees charged by SBI for their abroad education loan schemes? Are there any other charges?

Learn all about these points when you arrive at this point in the episode.

 

What is the Moratorium period for the abroad education loan schemes?

What do banks mean by moratorium period? How is it different from the loan repayment period? Are these same? Can a loan applicant ask for an extension of the loan repayment period? Don't freak out when you see these questions! We cover this and many more such doubts in this section of the 5th episode.

 

What are the interest rates?

What is MCLR? On what basis do Indian banks fix their interest rates? Is there a waiver for female candidates? Know all about it in this portion of the episode.

 

Apart from these, the 5th episode also throws light on the following factors related to SBI education loan schemes for abroad studies.

  • Accepted collateral for both loan schemes
  • Coverage of expenses for both loan schemes
  • Acceptable Co-applicants for abroad education loan scheme
  • Process and procedure for applying

We hope that this episode of Loanflix will help you understand the SBI education loan schemes for abroad studies, better. The 6th episode, ‘SBI Education Loan- Documents, Process & Timeline’, explains every detail of the SBI abroad education loan procedure, like the required documents, every step involved in the process, etc.

To get a better picture of the SBI abroad education loan schemes, do watch the episode below. Also, don't miss the episodes of the web-series- Loanflix. We come up with an interesting topic for every episode and try to help you understand it better. So stay tuned and keep checking this part of our website for details on our upcoming episodes. Also, if you found this episode useful, do like the video and subscribe to our YouTube channel to avoid missing any updates. 

Date And Time

Timezone : (GMT+05:30) Chennai

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Speakers

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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