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Education Loan Hidden Charges | Ep 22

LoanFlix season 2 brings you to the deeper insights of the Abroad Education Loans space. If you are planning to start your abroad education loan process, Request a callback at https://www.wemakescholars.com/study-... Our team of Financial officers assists you with the entire education loan process until sanction, disbursement, and beyond. All the services offered by WeMakeScholars are free of cost as this initiative is supported by the IT Ministry, Govt. of India We at WeMakeScholars focus on delivering international scholarships and get students connected with the best education loan lenders with professional guidance. We strive to make studying abroad easier and simpler than ever. Studying in India or overseas can be a costly affair but one big source to fund your study is by obtaining an education loan. It covers all the necessary expenses which are likely to be incurred by the students during their study abroad. However, the cost of education loans depends on the interest rates charged by the banks. Most of the parents and students neglect certain factors which can lead to a huge burden during the time of repayment and will further put strain on your wallet. For eg: whether the loan is taken on Indian currency or foreign currency, loan insurance fees and certain other hidden charges. Many banks do not disclose these charges, so here, as a customer you are at risk. In this video you will acknowledge the hidden charges applicable in secured loans, unsecured loans and foreign lenders. So don’t forget to stay tuned and watch the video till the end to gain deeper insights on the subject. With that, here’s a quick overview of what’s in the video. The following topics are elaborated in this episode : 00:00 - Introduction 02:46 - Hidden charges in Secured Loans 03:10 - Hidden charges in Secured Loans: Loan Insurance 06:01 - Hidden charges in Secured Loans: Mortgage creation charges 06:45 - Hidden charges in Secured Loans: Property insurance 07:23 - Hidden charges in Unsecured Loans: Loan Insurance 08:02 - Hidden charges in Unsecured Loans: Supplementary Insurances 08:53 - Hidden charges in Unsecured Loans: Agreement charges 09:33 - Hidden charges in Foreign Lenders: Interest Parity 10:09 - Hidden charges in Foreign Lenders: Interest on processing fee 10:35 - Hidden charges in Foreign Lenders: Interest compounding while studying 11:10 - Conclusion Here is a list of our must watch from Loanfix Season 2. 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. You will get a fresh episode of Season 2, on the 2nd and 4th Sunday of every month. The titles of our previous episodes in this series and their links are as follows: 1. USD vs INR Education Loan, Which is expensive? Prodigy Finance vs Indian Bank    • Education loan from USD lenders vs In...   2. How are Collaterals valued for an Education Loan?    • How are Collaterals valued for an Edu...   3. How to accurately calculate EMI for education loan?    • How to accurately calculate EMI for e...   Other episodes can be found in the LoanFlix playlist @ 1. Loanflix Season 1    • Loanflix: The most comprehensive Web-...   2. Loanflix Season 2    • Loanflix Season 2   3. Loanflix in Tamil    • Loanflix in Tamil   4. Loanflix in Hindi    • Loanflix in Hindi   5.Loanflix in Telugu    • Loanflix in Telugu   6. Loanflix Inshorts    • Loanflix InShorts- Answering every ni...   The topics discussed in the Loanflix web-series covered some of the most crucial topics in the education loan process. So Do watch the entire series if you want to know about this topic end-to-end. Please subscribe to our channel for more such informative videos. Also, do like and share with your friends. Good luck! Script editor- Arjun R Krishna Shot, Edited & Directed by Sreeman Reddy Designs- Anandu Sreenivas 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 the Top 75 start-ups in Power of ideas by Economic Times at IIM Ahmedabad. Stay connected to know more: - Like us on Facebook -   / wemakescholars   - Follow us on Twitter -   / wemakescholars   - Follow and tag us on Instagram -   / wemakescholars   - Follow us on Linked in-   / wemakescholars-com   - Contact us at [email protected]

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