WeMakeScholars's video: Guide for Parents taking an Education Loan for Kids Ep 31

It's a proud moment for any parents when their children get accepted into top universities abroad. However, failing to provide the required finances (which could range anywhere between 15-40 lakhs or even more) could derail your child's plan. To safeguard their children's future, parents break the FDs, withdraw money from a PPF account, borrow from friends and family or sell a property, all of which are personal choices but there is a better option available that is opting for an education loan. How? Watch the entire video to find out. The following topics are elaborated in this episode 👇 00:00 - Introduction 01:49 - Take an Education Loan or not 03:54 - Education loan vs other loans (6 key points) 04:03 - Point 1- Interest rates on the disbursed amount 04:25 - Point 2- Benefits under section 80E 04:44 - Point 3- Only 0.5% on foreign remittance 05:21 - Point 4- Interest rate subsidies by Govt. on India 05:47 - Point 5- Holiday period from interest payment 06:22 - Point 6- The repayment period 07:34 - Collateral or Non-collateral 09:46 - The final tip for the parents 10:00 - Conclusion The motive behind our effort is to empower students and their guardians to help them make an informed decision while taking an education loan. ※※※※※※※※※※※※※※※※※※※※※※※※※※※※※※※※※※※※※※ Here is a list of our must-watch from Loanfix Season 2. The titles of our previous episodes in this series and their links are as follows: 📍 3 tips to avoid Education Loan rejection https://youtu.be/O6MrDoknqD8 📍 Education Loan Misconceptions https://youtu.be/MMDUV3bAclQ 📍 Education Loan income tax-exemption: Section80E https://youtu.be/xd_bo4f-gJc 📍 Education Loan interest subsidy: Government schemes https://youtu.be/EVDN0RvPF30 📍 Education Loan Repayment Process - Explained https://youtu.be/B8AhwCjhUNs 📍 Expenses Covered By An Education Loan in India https://youtu.be/1h7Oy0uVxlc ⋘🔸➖🔸➖🔸➖🔸➖🔸➖🔸➖🔸➖🔸➖🔸➖🔸➖🔸➖🔸➖🔸➖🔸⋙ Since the first episode in 2018, the LoanFlix series has now become the most comprehensive web series on YouTube on the abroad education loan process. LoanFlix season 2 brings you deeper insights into the topics related to the Abroad Education Loans space. If you are planning to start your education loan process whether in India or abroad and funds are the concern, you can start your education loan process, by requesting us a callback https://www.wemakescholars.com/study-abroad-education-loan Our team of financial officers assists you with your 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've also covered practically every aspect of an abroad education loan in our LoanFlix series, which you can find below. So do watch the entire series if you want to know everything about education loans for abroad studies. 🔶LoanFlix Season 1 https://www.youtube.com/playlist?list=PL43-OnMI0wI-GyMWGb_udBZSm_bfiyfij 🔶LoanFlix Inshorts https://www.youtube.com/playlist?list=PL43-OnMI0wI8kdFqz6H3g33X2Xr99G5bo 🔶LoanFlix in Hindi https://www.youtube.com/playlist?list=PL43-OnMI0wI_gGIvUvLxNjn668UaaP2_o 🔶Country-wise Education Loan Guides https://youtube.com/playlist?list=PL43-OnMI0wI_Xf6QUEOdkKTqO5WODj_w3 🔶Testimonials- WeMakeScholars https://youtube.com/playlist?list=PL43-OnMI0wI9soXgXa2cVdeBmYJ8giM2q ※※※※※※※※※※※※※※※※※※※※※※※※※※※※※※※※※※※※※※ 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. 👉Script editor- Arjun R Krishna 👉Shot, Edited & Directed by Sreeman Reddy 👉Designs - Malieka Muzaffar Stay connected and follow us on: 🌈 Instagram - https://www.instagram.com/wemakescholars/ 👦 Facebook - https://www.facebook.com/wemakescholars 🐦 Twitter - https://twitter.com/wemakescholars 👨‍🎓 Linked in- https://in.linkedin.com/company/wemakescholars-com 🎈Contact us at hello@wemakescholars.com Please subscribe to our channel for more informative videos. Also, do like👍 and share’📢 with your friends. Good luck!✌ Click here to subscribe - 🔔 https://www.youtube.com/channel/UCiWfw9XSLawu-Ytlh4A_3Hg?sub_confirmation=1