Abroad #EducationLoan without collateral | Ep #3
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This episode #3 in the web series- “Loanflix- Education loan Simplified” details about the non-collateral or unsecured education loans for abroad studies. Start your abroad education loan process by requesting a call back @
This web-series is aimed at empowering students with the know-how of their education loan to study abroad. The last two episodes were on
1) “Introduction to study abroad education loan”
2) “Secured education loans”
The highlights of this episode on unsecured/ non collateral education loans are
1) Providers of unsecured or Non collateral education loans (1:18)
2) Parameters considered for unsecured or Non collateral education loans (1:56)
3) Profile of co-applicant in the unsecured or Non collateral education loans (2:34)
4) Loan amount offered unsecured or Non collateral education loans (3:48)
5) Degree eligible under unsecured or Non collateral education loans (4:48)
6) The rate of interest of unsecured or Non collateral education loans (5:08)
7) Eligible countries for unsecured or Non collateral education loans (5:50)
8) The processing time of unsecured or Non collateral education loans (6:13)
9) Hack of the episode (7:27)
Hope you all found this episode useful. As you all know, we'll be making this an in-depth series on education loans covering each and every topic. Stay tuned for the next episode detailing various documents required while applying for a secured or collateral education loan.
Please subscribe to our channel for more useful and informative videos. Also, do like and share with your friends. Good luck!
If you are facing any issues/ want to start your abroad education loan process, please request a call back @
Whatsapp helpline: 9393344424
The financial officer will get back to you and assist you until sanction.
Shot & Edited by Sreeman Reddy
Directed by Arjun R. Krishna
About the Presenter – Damini Mahajan is a visionary entrepreneur and co-founder of WeMakeScholars.com, an education finance start-up for international education. Damini has been mentioned as "Top Women in Tech" by The Asian Entrepreneur. She has also been awarded as the winner of Silicon Valley Challenge by Action for India 2016 and was in Top 75 start-ups in Power of ideas by Economic Times at IIM Ahmedabad.
Related videos:
– Reducing your Education loan interest rate to 6.33% –
– Collateral loans vs Non-collateral loans- Pros and Cons –
Stay connected to know more:
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Contact us at hello@wemakescholars.com
NOTE: WeMakeScholars is an organization supported by the IT Ministry, Govt of India. The motive is to offer unbiased education loan support to students who are planning for studying abroad. Many webinars/ events are organized by us to spread awareness among students about International education finance. We see to it that every student/ parent takes an informed decision with regards to their abroad education finance. As this initiative is under the Digital India campaign, it's at free of cost. We are associated with 10+ banks (Public/ Pvt/ NBFC) in India and help you get the best abroad education loan matching your profile. Both secured (with collateral) or unsecured (without collateral) can be offered.
It’s of a great help mam…No one gives as much of in-depth detail about education loan as u gave …! Thankyou so much….!
@WeMakeScholars mam please tell me how can i take education loan without collateral for UKRAINE…. I m going for MD(U.G) studies… PLEASE REPLY…
Hi Sumit, happy to know that you found it useful. Please subscribe and share with your friends.
Also, please feel free to request a callback from our financial officer @ https://www.wemakescholars.com/study-abroad-education-loan
SBI ppl r not giving proper information regarding loan..I asked the manager upto 7.5l which is without collateral and he is saying property papers is must..seems like they don’t want to give edu loan..govt services r worst in India..they only provide loans to ppl who run away from India with money..
@Rishabh Saxena Hi, Rishabh! Please connect to our loan team by requesting a callback on this link: http://bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.
Hello team,
I need help regarding the loan to study abroad @
@Jassi Sran Hi, Jassi! We can help you out with loan options after evaluating your profile. Please connect to our loan team by requesting a callback on this link: http://bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.
I also suffered from dis situation
@Priyanka Mohite any progress? I am also looking for a loan for Canada! either non collateral or NBFC
You proved that if there is a will to study and achieve something in life there is always someone to help you out .
That’s right, Vaishnav. As Paulo Coelho rightly said, “When you want something, all the universe conspires in helping you to achieve it.” If you’d like to get in touch with our team you can do so here: http://bit.ly/education-loan
2nd Video that I watched and its already helping me to realize my dream to send my daughter for abroad studies on an Education Loan
Thanks Appoorv ji. I am glad that my videos are empowering students and Parents like you. To start the loan process for your daughter, please get in touch with our team by requesting a callback on this link: http://bit.ly/education-loan
Thanks a lot ma’am for this video and I want to know that if I want to do an MBA from IIM so can i get non collettral loan for it n if yes so how?.please answer my question.
Yes, it is definitely possible for you to get a non-collateral loan. To know more, please drop a callback request with our team http://bit.ly/wmscallback and they will get back to you at the earliest. Thank you for writing to us.
Can I split the loan partially between SBI and NBFC’s like Incred in the case when we don’t have enough collaterals to completely take a loan from SBI
Sorry Ram, it is not legal to take an education loan from two different lenders simultaneously.
first of all, I really thanks you for giving perfect and detailed information on the non-collateral loans.
BUT I have a doubt regarding this, that is can I get 15-20 lakhs loan for Bachelor Diploma in Computer science in Canada. (non collateral)
Hi, Harsh! Glad you liked the video! Unfortunately, you cannot get a non-collateral loan for a UG diploma course. However, you can go for a secured loan from a government bank. If you need help from our team with the loan process, you can get in touch by requesting a callback on this link: http://bit.ly/education-loan
The HACK gave me life,I’m worried about getting non ctrl loan because I dnt have a property worth more than 10 lakhs….tnq for the video mam,it was very helpful
@WeMakeScholars can you please elaborate this hack mam..???
Thank you!!
hi mam, can you plz help me
i recently passed out my 12 standard with 86% and i got 6.5 in ilets and i want to continue my further studies in canada so for that i need loan of 5 lakhs without collateral so plz help me out?
Hello Preet, unsecured loans are not possible for bachelors programs…
Hello madam
I have completed my bachelor’s in commerce in 2019 and I want to study diploma in film production in Canada it’s a 12month course and it cost around 12,00,000 . I don’t have collateral. Can I know the chances of getting student loan or unsecured loan ?
Hi, Vijaya! We would need to take some more details and evaluate your profile to determine how much you’re eligible for. Please connect to our loan team by requesting a callback on this link: http://bit.ly/education-loan Once you fill out the form, they will get back to you within 24 hours.
THNX FOR THE DETAILED INFORMATION?..IM PLANNING TO GO IN SOUTH KOREA IN SEOUL NATIONAL UNIVERSITY AND IM NT SURE IF IM GOING TO USE COLLETERAL OR NON COLLETERAL BUT CAN SOUTH KOREA HE APPROVED IN NON COLLETERAL SCHEME? AND IM FROM NORTH EAST AND ITS VERY SAD THAT THEY ALWAYS NEGLECT US,THIS IS WHY SOMETIMES I DNT FEEL LIKE STAYING IN INDIA
@WeMakeScholars Like as you said about partially secured loan i can even deposit 3 lakhs rupees for 15 lakhs loan..is it still applicable for souh korea or only selected country in ndfc’s
Hello! Unfortunately, it is impossible to get a non collateral loan for South Korea. If you are particular about studying in South Korea, then a collateral loan is the only option available to you. You can discuss the countries and courses where non collateral loan is possible with our loan team here: http://bit.ly/education-loan
Thank you Mam for such a clear cut detail of non-collateral loan.
I’m a graduate in Commerce (2016) and started studying Chartered Accountant by 2016. So i am on my third year of Articleship. I wish to do Masters in Finance in Canada. My brother is working in Qatar.
If you can assure me that you will help me in getting non-collateral loan, i will discontinue my Articleship and start the application process for admission.
It’s my desire to study in Canada.
Please let me know Mam.
Thank you!
Jeni R You can request a callback in the below link. The respective financial officer will contact you. https://www.wemakescholars.com/study-abroad-education-loan
@WeMakeScholars Yeah Thank you Mam… how can i contact your team?…
Hi Jeni, happy to know that the episode was useful. For your info, NRI cannot be accepted as a co-applicant for a non collateral education loan. So you may have to change it to someone else. If not, you can get a collateral and NRI co-applicant can be acceptable. Better drop a callback request from our team and we’ll speak with you directly to assist better.
Mam i cleared 2 pu and looking for higher studies in New Zealand for pilot training I need 40 lakhs can I get ??? Without colletral
Hello Sara, it is not possible to get a non collateral loan for pilot training course in any country… You might want to reconsider your options… You can discuss your options with our loan team here… they will tell you what makes the most financial sense, and then you can decide… http://bit.ly/education-loan
Hi. I have an issue in my education loan. I would like to talk to someone from wemake scholars regarding this. How can I contact u.
Hi Prema, If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: http://bit.ly/education-loan
One of the employee of we make scholars told me that in unsecured loan the co-applicant have to pay interest during your studies ?!
Is it mendatory to pay interest during studies ??
Hi Suhail, you will be required to pay only partial amount. Not the whole interest. It does not amount to a large amount, so don’t worry 🙂
After Taking eductaion loan my parents have to pay intrest is something like that
Hello! Definitely if you are taking a loan from any lender, you will be required to repay the amount with interest. Most students are able to secure good jobs and can repay their loans themselves. Parents do not have to bear the burden. Anyway, please speak to our loan team to know, which are the loans which will be the best option for you… http://bit.ly/education-loan
Madam please answer me my academic score is 10 the ssc -6.8 gpa
Intermediate- 54 percentage
Graduation b.com -7.9 cgpa
My father is an employee of government and I want to study in abroad country with colladeral loan I’m I eligible ?????????
srikar srk Hi Srikar, yes, you are eligible. With the details you have mentioned, I don’t find anything which makes your profile ineligible for an education loan, that too with collateral. The previous episode in this series on collateral education loan might be useful for you, do check. Anyways do reach out to our financial officer by requesting a call back at https://www.wemakescholars.com/study-abroad-education-loan
Hello ma’am, can I get loan of amount 5lakhs for my final year medicine in Philippines without any collateral in SBI or any other Banks with lowest interest? If so kindly respond me ma’am.
Hi, Soujanya! Yes, you can. However, we cannot help you with an unsecured loan below 7.5 lakhs from SBI.
Hello ma’am..!
Actually I felt very great after watching this video. I think the information what you have given might very useful to me. And madam please can u give me any contact details how to approach you for better quiery. Also contact details of any one of your executive..? So please mam. Help me regarding this and I will be very thankful to you.
Hi, Chaitanya! We’re glad you liked the video! Thanks for sharing your thoughts! You can request a callback with our team on this link: http://bit.ly/education-loan Or you could send your name and contact details to us at hello@wemakescholars.com and we’ll get back to you as soon as possible!
we make Scholars videos are the best of You Tube videos knowledgeable, constructive and highly informative…. Wonderful oasis in this desert of difficult loan terrain….certainly the founders deserve a Nobel prize since other countries too can emulate their model and help the student community. Congrats founders. Viva La WemakeScholars.
j a Excited to hear that. Thank you so much!