Hi Kailash, thanks for sharing the suggestion. Only in this second episode, this issue had happened. You can look at other episodes where the recording was very clear. Check all the episodes at th-cam.com/play/PL43-OnMI0wI-GyMWGb_udBZSm_bfiyfij.html
Thank you for this helpful series. Would you please elaborate more about Gold as Liquid Asset? Do we need to give the gold jewelry to the bank until the loan clearance or original receipts and documents are enough?
Hi Lokesh, thanks for writing to the abroad education loan team at WeMakeScholars. You have to place the gold at the bank for being considered as the liquid collateral. Various types of collateral include: a) Immovable properties- Flat, house, non-agricultural land with boundaries. b) Liquid securities- FD (Fixed Deposits), LIC policies, govt. bonds and gold. Even if you don't have the above with you directly, you are allowed to mortgage third-party collateral (belonging to your relatives/ friends). Have you applied to WeMakeScholars? If so, who is your financial officer assisting you with the education loan process?
Hi, everyone! You may watch the same topic discussed in other languages here: Hindi - th-cam.com/video/CLcONomTLCQ/w-d-xo.html Telugu - th-cam.com/video/Jt0pXEoLH6g/w-d-xo.html Tamil - th-cam.com/video/PUolndF1goc/w-d-xo.html
Hello Krunal, through General Power of Attorney, the flat will be accepted as collateral. But it's a long draw out process and most bank managers need guidance on how the process is done. Connect with our team and we will help you through the process: bit.ly/education-loan
Just another question - while taking a loan on an immovable property like a flat, is the value of the flat calculated on the ready reckoner value or on the market value? Thanks a ton!
Krunal Modi Hi, the valuation is done by the bank approved Valuator. It’ll usually be 85-90% of the market value. Is some financial officer from our team guiding you? If no, get assistance @ www.wemakescholars.com/study-abroad-education-loan
Helo ma'am. How much is the collateral margin normally for land property (SBI)? And how can we reduce the collateral margin ..Does it depends on tenure of the loan repayment? Any other criteria can be used in favour?
Hi, Anna! Collateral margin for SBI depends on your course duration. Your Financial Officer will help you with the calculations. Please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.
Hello, how does the bank calculate the value of collateral property? As registered value or market value? For example a plot registered value is 3 lakh in document but outside the market value will be more than 50 lakhs so which will be considered? Help me with this please ..
Hi Karan, in most cases, Value is placed somewhere in between the registered and market value. Please get in touch with our loan officers here: bit.ly/education-loan ... They will give you an idea about what the valuation trends in your region are...
Hi, it would be generally beneficial if your co-applicant has their monthly income slips. However, an education loan is still possible if they don't have them. Kindly get in touch with our team by placing a callback request @ bit.ly/WMScallback and they can definitely help you out in this regard. Thanks for writing to us.
Hi, Meghna! It depends. If the joint property is divided into two, clear segregation would be required as well as all the relevant property documents. For further guidance, please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.
Hello @WeMakeScholars If we use LIC policies as collateral which amount does bank consider. Is it Sum assured or maturity amount after term or the amount which we paid till now?
Hello Anil, the amount considered is the current value of the policy and not the future amount. Other than LIC policies, there are other policies that are also acceptable... Our loan team can explain this point to you. Get in touch with them here: bit.ly/education-loan
Hello, My parents have fd in post offfice and other Banks which will still take time to mature. How can I get loan using those FD? Is there a way to get them transferred?
Hello Lopamudra, with those funds you will be required to create a new FD with the bank you plan to go ahead with. Our loan team will call you today and explain this point. I can see you have already requested a callback with us.
My property ( worth exceeding 1 cr) but I already have a existing housing loan (25 lakhs) against it so will I be able to get education loan against my property for 20lakhs?
Hi, John! Yes, it is possible to get an education loan against a property that is already under a home loan. Please click on this link and request a callback: bit.ly/education-loan Your Financial Officer will show you the best way. Good luck!
Hi Team, My parents have taken load against fixed deposi for paying my fees for education in Ireland, but I do not have the sanction and disbursement letter from bank, single page from my bank is being provided as I have taken loan against fixed deposit. Will my visa be rejected?
Why banks immediately say NO when we go for taking education loan for ukraine???? Can u plz tell me... wt are the possible reason behind it.. my university is also very good still they say "NO" they say ki we are not providing loan for ukraine but y???
Hi Roshni, the primary reason why banks are hesitant about sanctioning loans for Ukraine is that the employment chances of graduates from that country are not that high. Banks fear that repayment will be an issue. Still, through WeMakeScholars, we have been able to sanction Ukraine cases, but that is only possible if the student's profile is very good otherwise. I believe you are connected to our loan officer Archit Goyal. Please be in touch with him for all your loan needs.
I have a doubt ma'am you said that we have collateral margin on flats etc .What if the loan amount needed is around 90 lakhs and the collateral value is just 50 lakhs ??
Hello! Frankly, it's not a very wise option to take a small loan amount when your total expenses will be high. You should ideally pledge some other additional collateral with the property you just mentioned. Anyway, you can have a chat with our loan officers who will give you accurate guidance after understanding your profile: bit.ly/education-loan
Hi Pavan, that actually depends as per the terms of the FD which you already had with the bank. If the FD you had was giving you interest on a monthly basis, you'll continue getting the same and similarly, if it was for yearly, you continue getting the same. The FD interest terms don't change if you take an education loan against that FD. Hope I answered your query. To get step by step guidance, request a callback and speak with our team @ www.wemakescholars.com/study-abroad-education-loan
ACCA is a professional course offered by UK but student need not go to abroad. GITAM university in visakhapatnam, Andhraparadesh offers Bcom+Acca to study in India itself. Total estimation exceeds 10 lakhs . Which category will I come into? Abroad education scheme or not? Thank you.
CHANDRASEKHARAM NAGIRI Yes it can be considered. Who is giving the final degree certificate? GITAM or some UK university? Whoever it is, we can assist you. Just drop a call back request @ www.wemakescholars.com/study-abroad-education-loan and the assigned financial officer will contact you to guide
@@WeMakeScholars Bcom(H) certificate is issued by Gitam university and ACCA certificate is issued by UK ACCA Board. Gitam university provides classes for bcom and acca also in the period. But the fee has to be paid individually like for bcom classes and hostel facility it's with Gitam university,Vizag. ACCA registration and exam fees has to be paid to the UK board. Thank you.
Hello Ashish, you can definitely use multiple plots as well as plots from different locations and cities. Please make sure that none of the plots is in Gram Panchayat. If your bank says that plots from another location cannot be used, then we will raise the issue with the higher ranked officers of the bank. You can get in touch with our loan team here: bit.ly/education-loan
Mam NCD s per loan milata he kya. Ye ik FD ke jase hi hote he. Fix interest dete he. Kya isper loan mil Sakta he. Mere pass koi property nahi he. NCD bank FD se Jada interest dete he isliye Mene isme kuch investment ki he. To kya iske uper mere son ke liye education aborde ke liye mil Sakta he
Hello Shilpa ji, NCD cannot be accepted directly. It has to be made as a FD and can be then used as a collateral. Please request a callback and speak with our financial officer to get the right support @ www.wemakescholars.com/study-abroad-education-loan
Hi Vaishnavi! Gold can't be accepted by banks as a collateral. Non-agricultural land, house, flat, FD, insurance policy, and govt. bonds are all accepted as collateral. For further guidance please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.
Mam, my collateral building top floor is owned by my dad, but the land is owned by uncle. it is an old model shopping complex. when I went to SBI they didn't accept my collateral saying it is on a land owned by another person. Is this an issue actually
Hi, Achu! Our loan team will help you out once they get some more details. Please get in touch with them by requesting a callback on this link: bit.ly/education-loan
Hi Priyanka! Gram panchayat properties are not really accepted by banks as collateral. As they prefer urban properties over rural, if you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan
madam in case of a collateral education loan for abroad do we need to take life insurance building insurance if that has house do we need to deposit (1% of loan sanction amount) it will be credited back to loan account once we start disbursements
Hello Dhinakar, it is not possible to get a loan by mortgaging agricultural property. Your next best option is to mortgage some alternate property or to try for a non collateral loan. You can discuss both options in detail with our loan team here: bit.ly/education-loan
I have been accepted both at a public German and a French university. I still have not decided where to go as I am waiting for their scholarship results. The intake is in September but the scholarship results will be out by June only. Can I apply for a loan at SBI at this stage as I am afraid even if I get the scholarship it would not be sufficient. I tried to request a call back but it is not submitting my request.
Hi, congrats for the admits. But, it is wise to start for applying to scholarships and the education loan at the same time. Because only 4-6% of students get to win fully funded scholarships. Hence, the need for education loan might be higher. In case you are lucky to win a fully funded scholarship and alongside you have your loan sanction too, you can ignore and cancel the loan. But, having nothing by the end of the time limits will put you in a difficult situation. Please try requesting a call now, it should work www.wemakescholars.com/study-abroad-education-loan If still facing any issues, pls write to krishnaa@wemakescholars.com
Hi Joshi! You can flight charges but not the visa charges. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan
Oh yes! WeMakeScholars have processed many multi-city cases. Get in touch with our loan team by requesting a callback here: bit.ly/education-loan ... They will get the job done for you!
Hi, banks do accept policies from firms other than LIC. They will conduct a background check just to ensure the reliability of the respective firm. You may definitely pledge this policy for your education loan. To know more, please drop a callback request on bit.ly/wmscallback.
Hi, Simranpreet! It should be a maturing policy with a fixed maturity date. For further guidance, please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.
I have a doubt regarding existing FD You said that existing FD is not allowed and we have to make a new FD but the popup box is saying 'existing FDs will be accepted' (check video from 4:37)
Hi, the education loan has to be from the same bank where you have started your FD. If that's not the case, you may have to open a new FD with the bank from whom you are borrowing your education loan. Hope this clears your doubt.
Hello! Can a person get a loan on a property on which a third-party has asked for his stake in the property in court? However, the court has not a stay order and the title documents of the property are completely clear. Kindly help me out over here. Thank you so much :)
Hi Krunal, apologies for the delayed reply. It depends actually. If the lawyer goes through the papers, we can get a better idea on it. Did you speak with our financial officer? If no, request a callback and speak once.
You will have to make an FD out of the amount that can be withdrawn from your PF account. That FD can be submitted as collateral. But there are some important pointers and formalities that must be noted before your start the process. You can ask our loan team to explain it to you: bit.ly/education-loan
Hi, So can a student pay half of the tution fees on his own and take education loan for the other half part of the fees and travelling expenses etc? Thank you.
Hi! It is advisable to take an education loan for the entire expense. You will only be charged interest on the amount that is disbursed. For further guidance, please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.
Yes, third-party collateral is accepted. But the amount you can get from the policy depends on many factors. For more details, please get in touch with our loan team here: bit.ly/education-loan
Hi, Jignesh! Yes, you can pledge multiple collateral to bring up the loan amount. Non-agricultural land, house, flat, FD, insurance policy and govt. bonds are all accepted as collateral. For further guidance on the secured loan process, please connect to our loan team by requesting a callback on this link: bit.ly/education-loan
Hi Tushar, If you go directly to the bank and start the process, they may say 681 is not enough and all. Hence, I would highly recommend you to speak with our financial officer, get guidance and they will assist you on which bank to start the process with. This will make the process easier. Request a call back from our team @ www.wemakescholars.com/study-abroad-education-loan
Hi Karan, it actually depends on the level of construction completion. Hence, pls drop a callback request so that the financial officer can understand more about the property and guide you better. www.wemakescholars.com/study-abroad-education-loan
Mam I had applied for global advantage education loan through wemakescholars it's been more then 5 days but I do not received any information about my loan process. Mam I really need ur help.
Hi Poonam, thanks for reporting the issue. Apologies for the miscommunication. Please drop an email to the financial officer Mr. Krishna (krishnaa@wemakescholars.com). He will get back today to you today itself. Good Luck!
Hi, Sadhana! The collateral value should be equal to or higher than the require loan amount to get a secured loan. Non-agricultural land, house, flat, FD, insurance policy and govt. bonds are all accepted as collateral. Please request a callback on this link: bit.ly/education-loan . Once we get your request, the respective Financial Officer for your region will call you to help you further.
Mam i am a son of farmer . I live in village . I wana study in abroad in canda . Can i take loan on my agriculture land . Or any other type which ..plzz answer
Hi, Harkirat! Agricultural land is not accepted. Non-agricultural land, house, flat, FD, insurance policy and govt. bonds are all accepted as collateral. For further guidance, please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.
Hi Anmol, unfortunately, mutual funds are not acceptable by any public bank. FYI, I'm listing below the types of collateral that are being accepted. Please try arranging them. Two types of securities can be accepted: A) Immovable property: House or a Flat or Land B) Liquid security: Fixed deposit, LIC policy, Bonds, etc. Third party collateral (collateral belonging uncle/ aunt/ relatives/ grandparents/ family friends) are acceptable as well.
Hi Anmol, unfortunately, mutual funds are not acceptable by any public bank. FYI, I'm listing below the types of collateral that are being accepted. Please try arranging them. Two types of securities can be accepted: A) Immovable property: House or a Flat or Land B) Liquid security: Fixed deposit, LIC policy, Bonds, etc. Third party collateral (collateral belonging uncle/ aunt/ relatives/ grandparents/ family friends) are acceptable as well.
Hi! Yes, GIC can be included in a loan taken from SBI. Please click on the link and fill out the form: sbieducationloan.co.in/ The team will get in touch with you.
Hey hiii ,is ielts is mandatory,because I got unconditional offer letter from University,they have given for me on based on my English marks and for the time sake I have given my dulingo exam ,I got 105marks which is equivalent to 6.5 in ielts band score
Hi, Nanneti! IELTS is not mandatory for the loan. If your university is giving you an unconditional offer letter without IELTS, the bank cannot insist on the test. Please feel free to contact your Financial Officer for any questions.
Hi, Sadhana! I am assuming you are referring to converted lands, e.g. a land that was agricultural initially and was later converted to residential. If that's what you mean, then the answer is "Yes", but you would need a conversion document. For further guidance, please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.
@@sadhanakashyap2011 Agricultural land is not accepted as collateral. For further guidance on collateral requirements, you may speak to your Financial Officer: bit.ly/education-loan
I want to apply for a undergraduate education loan abroad. I have a collateral property which values 15 lakhs. I want 10 lakhs loan amount from any public bank. My father has no ITR.... WeMakeScholars team said that it requires ITR for 10 lakhs. Hope you will help me out of this
Hi, Jeelanibaba! Yes, you would require at least two years ITR to get the loan, as your Financial Officer has explained to you. He will be getting in touch with you shortly to clear your doubts.
Hi, Prithvi! No, that is not acceptable as collateral. For guidance on collateral requirements, please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.
Hi, Ravi! Yes, you can use your relative's collateral. For further guidance, please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.
Hi! Yes, Non-agricultural land, house, flat, FD, insurance policy and govt. bonds are all accepted as collateral. Please fill up the application form on this link: www.sbieducationloan.co.in/ The Loan Team will contact you to guide you further.
Hi Shifa, WeMakeScholars helps students from every nook and corner of India. And yes, we have processed 100s of abroad education loans in Punjab, Haryana and Chandigarh. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan
Hi, this depends on the loan amount you need for your education. Please drop a callback request on bit.ly/wmscallback and register your details with us. Our team will get back to you at the earliest. Thanks for writing to us.
Hi Sujit, the acceptance of gram panchayat property depends. There have been cases when they were accepted, also many times, they were not accepted. I would say it is more like case to case basis, which mostly depends on the state you are from. I think you are already in touch with our team for your processing. What did the WeMakeScholars financial officer say seeing your case?
one and only Absolutely. If you apply via WeMakeScholars, you’ll surely get the GIC also done. If you go directly to bank, they mostly don’t understand the GIC thing and mostly refuse. Drop a call back request from our team @ www.wemakescholars.com/study-abroad-education-loan
Hi, Arjun! Yes, you can provide two collateral if one is not sufficient for your requirement. For further guidance, please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.
@@arjunkartha8461 As the initiative is funded and supported by the Digital India Campaign, the mode of operations are digitally aiming to reach students from every corner of the country. You may connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once we get your request, the respective Financial Officer for your region will call you to help you further.
Hey @we make scholars my concern is I have a collateral property but it's just a land without any buildings and it's in a gram panchayat. So will this land be eligible for a collateral loan
Hi, Manu! Usually, Gram Panchayat properties are not accepted by the banks. However, in rare cases, they are accepted. Hence, I suggest that you request a callback on this link: bit.ly/education-loan . Once we get your request, the respective financial officer for your region will call you to help you further.
Hi, Yashodha! No, you do not have to wait 28 days before getting a loan. Your Financial Officer spoke to you today. Please feel free to reach out to him for any questions.
Hi, Asha! No, we do not charge any fee for any of our services. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan
Hi Vivika! Yes, it is possible to get an education loan. We will have to evaluate your profile to guide you on suitable loan options. Please get in touch with our loan team by requesting a callback on this link:bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.
Hi, Satnam! All the services of WeMakeScholars are completely free of cost. You can get in touch with the team by requesting a callback on this link: bit.ly/education-loan
Hello Rishi, we will definitely help to process your loan application. But first we need to ascertain whether you fulfill all the eligibilty criteria. Please request a callback from our loan team here: bit.ly/education-loan
Hi Riyaz, any life insurance policy can be used. Please request call back and speak with the assigned financial officer from our team and you can get assistance @ www.wemakescholars.com/study-abroad-education-loan
Hi, Roshan! You can apply for a non-collateral loan in this case. You will need a co-applicant with a good financial profile. For guidance on the non-collateral loan process, please connect to our loan team by requesting a callback on this link: bit.ly/education-loan
Hi Himanshu, apologies for the technical issue. Only in this episode, there was an issue. From the next one, it's very clear. Please keep sharing the episodes.
Hi, Jennifer! No, it will not reduce. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan
Hi, David! Sure, we can help you out. Please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.
Hi, Yashika! Yes, it is possible to get an education loan against a property which is already under home loan. We'll have to evaluate your profile to be able to help you further. Please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you within 24 hours.
Background sound is annoying, i suggest u should keep it low. U should use a mic so that voice can be clearly listened
Hi Kailash, thanks for sharing the suggestion. Only in this second episode, this issue had happened. You can look at other episodes where the recording was very clear. Check all the episodes at th-cam.com/play/PL43-OnMI0wI-GyMWGb_udBZSm_bfiyfij.html
Thank you for this helpful series.
Would you please elaborate more about Gold as Liquid Asset? Do we need to give the gold jewelry to the bank until the loan clearance or original receipts and documents are enough?
Hi Lokesh, thanks for writing to the abroad education loan team at WeMakeScholars.
You have to place the gold at the bank for being considered as the liquid collateral. Various types of collateral include:
a) Immovable properties- Flat, house, non-agricultural land with boundaries.
b) Liquid securities- FD (Fixed Deposits), LIC policies, govt. bonds and gold.
Even if you don't have the above with you directly, you are allowed to mortgage third-party collateral (belonging to your relatives/ friends).
Have you applied to WeMakeScholars? If so, who is your financial officer assisting you with the education loan process?
@@WeMakeScholars Thank you for the response.
Actually, I have to apply to WeMakeScholars.
Most welcome! Just request a callback and the team is there to support you, as always!
www.wemakescholars.com/study-abroad-education-loan
Hi, everyone! You may watch the same topic discussed in other languages here:
Hindi - th-cam.com/video/CLcONomTLCQ/w-d-xo.html
Telugu - th-cam.com/video/Jt0pXEoLH6g/w-d-xo.html
Tamil - th-cam.com/video/PUolndF1goc/w-d-xo.html
One of cousin is staying in USA and has a flat in Pune. Is that can be used as third party collateral?
Hello Krunal, through General Power of Attorney, the flat will be accepted as collateral. But it's a long draw out process and most bank managers need guidance on how the process is done. Connect with our team and we will help you through the process: bit.ly/education-loan
Just another question - while taking a loan on an immovable property like a flat, is the value of the flat calculated on the ready reckoner value or on the market value? Thanks a ton!
Krunal Modi Hi, the valuation is done by the bank approved Valuator. It’ll usually be 85-90% of the market value.
Is some financial officer from our team guiding you? If no, get assistance @ www.wemakescholars.com/study-abroad-education-loan
Helo ma'am. How much is the collateral margin normally for land property (SBI)? And how can we reduce the collateral margin ..Does it depends on tenure of the loan repayment? Any other criteria can be used in favour?
Hi, Anna! Collateral margin for SBI depends on your course duration. Your Financial Officer will help you with the calculations. Please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.
Hello, how does the bank calculate the value of collateral property? As registered value or market value? For example a plot registered value is 3 lakh in document but outside the market value will be more than 50 lakhs so which will be considered? Help me with this please ..
Hi Karan, in most cases, Value is placed somewhere in between the registered and market value. Please get in touch with our loan officers here: bit.ly/education-loan ... They will give you an idea about what the valuation trends in your region are...
Kindly tell me if we have to borrow secured loan so co- applicant's income slip is required???
Hi, it would be generally beneficial if your co-applicant has their monthly income slips. However, an education loan is still possible if they don't have them. Kindly get in touch with our team by placing a callback request @ bit.ly/WMScallback and they can definitely help you out in this regard. Thanks for writing to us.
Is there is any need of certain bank balance should be maintained during studies
No, Nirmal. That will not be an issue. For any other query, you can speak to our loan team here: bit.ly/education-loan
Ma'am what if the property is in partnership ? Can I still get the loan?
Hi, Meghna! It depends. If the joint property is divided into two, clear segregation would be required as well as all the relevant property documents. For further guidance, please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.
Hello @WeMakeScholars
If we use LIC policies as collateral which amount does bank consider. Is it Sum assured or maturity amount after term or the amount which we paid till now?
Hello Anil, the amount considered is the current value of the policy and not the future amount. Other than LIC policies, there are other policies that are also acceptable... Our loan team can explain this point to you. Get in touch with them here: bit.ly/education-loan
Hello, My parents have fd in post offfice and other Banks which will still take time to mature. How can I get loan using those FD? Is there a way to get them transferred?
Hello Lopamudra, with those funds you will be required to create a new FD with the bank you plan to go ahead with. Our loan team will call you today and explain this point. I can see you have already requested a callback with us.
My property ( worth exceeding 1 cr) but I already have a existing housing loan (25 lakhs) against it so will I be able to get education loan against my property for 20lakhs?
Hi, John! Yes, it is possible to get an education loan against a property that is already under a home loan. Please click on this link and request a callback: bit.ly/education-loan Your Financial Officer will show you the best way. Good luck!
Hi Team,
My parents have taken load against fixed deposi for paying my fees for education in Ireland, but I do not have the sanction and disbursement letter from bank, single page from my bank is being provided as I have taken loan against fixed deposit. Will my visa be rejected?
Hi Rishav... This is quite strange... which bank did you get the sanction from? What was the loan amount?
Why banks immediately say NO when we go for taking education loan for ukraine???? Can u plz tell me... wt are the possible reason behind it.. my university is also very good still they say "NO" they say ki we are not providing loan for ukraine but y???
Hi Roshni, the primary reason why banks are hesitant about sanctioning loans for Ukraine is that the employment chances of graduates from that country are not that high. Banks fear that repayment will be an issue. Still, through WeMakeScholars, we have been able to sanction Ukraine cases, but that is only possible if the student's profile is very good otherwise. I believe you are connected to our loan officer Archit Goyal. Please be in touch with him for all your loan needs.
I have a doubt ma'am you said that we have collateral margin on flats etc .What if the loan amount needed is around 90 lakhs and the collateral value is just 50 lakhs ??
Hello! Frankly, it's not a very wise option to take a small loan amount when your total expenses will be high. You should ideally pledge some other additional collateral with the property you just mentioned. Anyway, you can have a chat with our loan officers who will give you accurate guidance after understanding your profile: bit.ly/education-loan
Hi I've a question on the interest which we get for FD. Do we get interest on annual basis or monthly basis?
Hi Pavan, that actually depends as per the terms of the FD which you already had with the bank. If the FD you had was giving you interest on a monthly basis, you'll continue getting the same and similarly, if it was for yearly, you continue getting the same. The FD interest terms don't change if you take an education loan against that FD. Hope I answered your query.
To get step by step guidance, request a callback and speak with our team @ www.wemakescholars.com/study-abroad-education-loan
ACCA is a professional course offered by UK but student need not go to abroad.
GITAM university in visakhapatnam, Andhraparadesh offers Bcom+Acca to study in India itself. Total estimation exceeds 10 lakhs
. Which category will I come into? Abroad education scheme or not? Thank you.
CHANDRASEKHARAM NAGIRI Yes it can be considered. Who is giving the final degree certificate? GITAM or some UK university? Whoever it is, we can assist you. Just drop a call back request @ www.wemakescholars.com/study-abroad-education-loan and the assigned financial officer will contact you to guide
@@WeMakeScholars Bcom(H) certificate is issued by Gitam university and ACCA certificate is issued by UK ACCA Board. Gitam university provides classes for bcom and acca also in the period. But the fee has to be paid individually like for bcom classes and hostel facility it's with Gitam university,Vizag. ACCA registration and exam fees has to be paid to the UK board. Thank you.
Can we use the plots present at different locations or we can say more than one plots
Hello Ashish, you can definitely use multiple plots as well as plots from different locations and cities. Please make sure that none of the plots is in Gram Panchayat. If your bank says that plots from another location cannot be used, then we will raise the issue with the higher ranked officers of the bank. You can get in touch with our loan team here: bit.ly/education-loan
Mam NCD s per loan milata he kya. Ye ik FD ke jase hi hote he. Fix interest dete he.
Kya isper loan mil Sakta he.
Mere pass koi property nahi he.
NCD bank FD se Jada interest dete he isliye Mene isme kuch investment ki he. To kya iske uper mere son ke liye education aborde ke liye mil Sakta he
Liquid security catageies me puch Rahi hu
Hello Shilpa ji, NCD cannot be accepted directly. It has to be made as a FD and can be then used as a collateral. Please request a callback and speak with our financial officer to get the right support @ www.wemakescholars.com/study-abroad-education-loan
What about gold as a tangible security?
Hi Vaishnavi! Gold can't be accepted by banks as a collateral. Non-agricultural land, house, flat, FD, insurance policy, and govt. bonds are all accepted as collateral. For further guidance please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.
Mam, my collateral building top floor is owned by my dad, but the land is owned by uncle. it is an old model shopping complex. when I went to SBI they didn't accept my collateral saying it is on a land owned by another person. Is this an issue actually
Hi, Achu! Our loan team will help you out once they get some more details. Please get in touch with them by requesting a callback on this link: bit.ly/education-loan
Hello mam.... Village property accept hote hai kya... I mean house
Hi Priyanka! Gram panchayat properties are not really accepted by banks as collateral. As they prefer urban properties over rural, if you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan
madam in case of a collateral education loan for abroad
do we need to take life insurance
building insurance if that has house
do we need to deposit (1% of loan sanction amount) it will be credited back to loan account once we start disbursements
Hi Fazal, which bank exactly are you talking about? Every bank has very different terms.
WeMakeScholars ORIENTAL BANK OF COMMERSE
I have only agricultural land .as collateral and its value is 5cr .can I get education loan of 20lks
Hello Dhinakar, it is not possible to get a loan by mortgaging agricultural property. Your next best option is to mortgage some alternate property or to try for a non collateral loan. You can discuss both options in detail with our loan team here: bit.ly/education-loan
I have been accepted both at a public German and a French university. I still have not decided where to go as I am waiting for their scholarship results. The intake is in September but the scholarship results will be out by June only. Can I apply for a loan at SBI at this stage as I am afraid even if I get the scholarship it would not be sufficient. I tried to request a call back but it is not submitting my request.
Hi, congrats for the admits. But, it is wise to start for applying to scholarships and the education loan at the same time. Because only 4-6% of students get to win fully funded scholarships. Hence, the need for education loan might be higher. In case you are lucky to win a fully funded scholarship and alongside you have your loan sanction too, you can ignore and cancel the loan. But, having nothing by the end of the time limits will put you in a difficult situation. Please try requesting a call now, it should work www.wemakescholars.com/study-abroad-education-loan
If still facing any issues, pls write to krishnaa@wemakescholars.com
Ok Thank you
Hello Mam ek general questions hai education loan ke sath VISA and TICKET ke liye money mil sakta hai bank se loan ke sath ? Please reply
Hi Joshi! You can flight charges but not the visa charges. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan
@@WeMakeScholars thank you mam I will call back you
Can i use my parents house which is in different state? We live in hyderabad but our house is located in kolkata.
Oh yes! WeMakeScholars have processed many multi-city cases. Get in touch with our loan team by requesting a callback here: bit.ly/education-loan ... They will get the job done for you!
Hello Mam, do banks accept other policies then LIC. We have a policy in Sahara with a fixed maturity date.
Hi, banks do accept policies from firms other than LIC. They will conduct a background check just to ensure the reliability of the respective firm. You may definitely pledge this policy for your education loan. To know more, please drop a callback request on bit.ly/wmscallback.
Thank you so much mam... You are doing a great job...
Thanks, Rakshith. Please share the videos with your friends.
Is any business is preferable to apply collateral loan
Hello Mohan, I did not completely understand your query. Could you please elaborate?
In case of LIC POLICY.. How old should be the policy, at minimum?
Hi, Simranpreet! It should be a maturing policy with a fixed maturity date. For further guidance, please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.
I have a doubt regarding existing FD
You said that existing FD is not allowed and we have to make a new FD but the popup box is saying 'existing FDs will be accepted' (check video from 4:37)
Hi, the education loan has to be from the same bank where you have started your FD. If that's not the case, you may have to open a new FD with the bank from whom you are borrowing your education loan. Hope this clears your doubt.
Hello! Can a person get a loan on a property on which a third-party has asked for his stake in the property in court? However, the court has not a stay order and the title documents of the property are completely clear. Kindly help me out over here. Thank you so much :)
Hi Krunal, apologies for the delayed reply.
It depends actually. If the lawyer goes through the papers, we can get a better idea on it. Did you speak with our financial officer? If no, request a callback and speak once.
Is PF can be used as colleteral ?
You will have to make an FD out of the amount that can be withdrawn from your PF account. That FD can be submitted as collateral. But there are some important pointers and formalities that must be noted before your start the process. You can ask our loan team to explain it to you: bit.ly/education-loan
Hi, So can a student pay half of the tution fees on his own and take education loan for the other half part of the fees and travelling expenses etc?
Thank you.
Hi! It is advisable to take an education loan for the entire expense. You will only be charged interest on the amount that is disbursed. For further guidance, please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.
Can i use LIC policy of my uncle as a collateral?
Yes, third-party collateral is accepted. But the amount you can get from the policy depends on many factors. For more details, please get in touch with our loan team here: bit.ly/education-loan
Can we pledge more than one collateral to sum up with loan amount and if we can then how many collateral we can pledge?
Hi, Jignesh! Yes, you can pledge multiple collateral to bring up the loan amount. Non-agricultural land, house, flat, FD, insurance policy and govt. bonds are all accepted as collateral. For further guidance on the secured loan process, please connect to our loan team by requesting a callback on this link: bit.ly/education-loan
My property is currently under re-development. Many banks have denied. Could you help with some tips?
Hi, Tarun! Your Financial Officer has been in touch with you. He is looking into this. Please feel free to get in touch with him for any queries.
Does a CIBIL score of 681 matter for collateral loan.
Hi Tushar, If you go directly to the bank and start the process, they may say 681 is not enough and all. Hence, I would highly recommend you to speak with our financial officer, get guidance and they will assist you on which bank to start the process with. This will make the process easier. Request a call back from our team @ www.wemakescholars.com/study-abroad-education-loan
Is under construction house of 300sqyrds plot accepted as collateral?
Hi Karan, it actually depends on the level of construction completion. Hence, pls drop a callback request so that the financial officer can understand more about the property and guide you better. www.wemakescholars.com/study-abroad-education-loan
Mam I had applied for global advantage education loan through wemakescholars it's been more then 5 days but I do not received any information about my loan process. Mam I really need ur help.
Hi Poonam, thanks for reporting the issue. Apologies for the miscommunication.
Please drop an email to the financial officer Mr. Krishna (krishnaa@wemakescholars.com). He will get back today to you today itself. Good Luck!
Thank u very much mam
@@WeMakeScholars mam Im from Karnataka ,arsikere twon I need ur help
What should be the value of immovable collateral ( land, home) to get loan for mbbbs abroad??
Hi, Sadhana! The collateral value should be equal to or higher than the require loan amount to get a secured loan. Non-agricultural land, house, flat, FD, insurance policy and govt. bonds are all accepted as collateral. Please request a callback on this link: bit.ly/education-loan . Once we get your request, the respective Financial Officer for your region will call you to help you further.
@@WeMakeScholars Thank you so much for valuable information.
shall we put industrial property as collateral?
Abhishek, apologies for the delayed reply. What do you mean by an industrial property? Pls detail what the collateral is.
Thank you.
Background song is so loud please slow down it
Hello, sorry for the issue. We'll make sure its corrected from the next time.
Thanks for the suggestion :)
Mam i am a son of farmer . I live in village . I wana study in abroad in canda . Can i take loan on my agriculture land . Or any other type which ..plzz answer
Hi, Harkirat! Agricultural land is not accepted. Non-agricultural land, house, flat, FD, insurance policy and govt. bonds are all accepted as collateral. For further guidance, please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.
could I get an education load through mutual funds as collateral?
Hi Anmol, unfortunately, mutual funds are not acceptable by any public bank.
FYI, I'm listing below the types of collateral that are being accepted. Please try arranging them.
Two types of securities can be accepted:
A) Immovable property: House or a Flat or Land
B) Liquid security: Fixed deposit, LIC policy, Bonds, etc.
Third party collateral (collateral belonging uncle/ aunt/ relatives/ grandparents/ family friends) are acceptable as well.
Hi Anmol, unfortunately, mutual funds are not acceptable by any public bank.
FYI, I'm listing below the types of collateral that are being accepted. Please try arranging them.
Two types of securities can be accepted:
A) Immovable property: House or a Flat or Land
B) Liquid security: Fixed deposit, LIC policy, Bonds, etc.
Third party collateral (collateral belonging uncle/ aunt/ relatives/ grandparents/ family friends) are acceptable as well.
Mam can SBI give money for GIC
Hi! Yes, GIC can be included in a loan taken from SBI. Please click on the link and fill out the form: sbieducationloan.co.in/ The team will get in touch with you.
Hey hiii ,is ielts is mandatory,because I got unconditional offer letter from University,they have given for me on based on my English marks and for the time sake I have given my dulingo exam ,I got 105marks which is equivalent to 6.5 in ielts band score
Hi, Nanneti! IELTS is not mandatory for the loan. If your university is giving you an unconditional offer letter without IELTS, the bank cannot insist on the test. Please feel free to contact your Financial Officer for any questions.
@@WeMakeScholars thank you :)
Mam I need to know about collateral education loan for studies in India
Hi, Saurav! Which institute do you need the loan for and what is the loan amount?
can we kept diverted land as collateral?
Hi, Sadhana! I am assuming you are referring to converted lands, e.g. a land that was agricultural initially and was later converted to residential. If that's what you mean, then the answer is "Yes", but you would need a conversion document. For further guidance, please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.
@@WeMakeScholars what if agricultural land is in village area??
@@sadhanakashyap2011 Agricultural land is not accepted as collateral. For further guidance on collateral requirements, you may speak to your Financial Officer: bit.ly/education-loan
I want to apply for a undergraduate education loan abroad. I have a collateral property which values 15 lakhs. I want 10 lakhs loan amount from any public bank.
My father has no ITR....
WeMakeScholars team said that it requires ITR for 10 lakhs.
Hope you will help me out of this
Hi, Jeelanibaba! Yes, you would require at least two years ITR to get the loan, as your Financial Officer has explained to you. He will be getting in touch with you shortly to clear your doubts.
Can one use shares of SBI as collateral to take loan from SBI?
Hi, Prithvi! No, that is not acceptable as collateral. For guidance on collateral requirements, please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.
Can I take loan using our relative collateral?? Please reply
Hi, Ravi! Yes, you can use your relative's collateral. For further guidance, please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.
Hello mam. I need loan in sbi.. I don't have any surity... Fd possible ha
Hi! Yes, Non-agricultural land, house, flat, FD, insurance policy and govt. bonds are all accepted as collateral. Please fill up the application form on this link: www.sbieducationloan.co.in/ The Loan Team will contact you to guide you further.
Do u have a branch or links in chandigarh side too?
Hi Shifa, WeMakeScholars helps students from every nook and corner of India. And yes, we have processed 100s of abroad education loans in Punjab, Haryana and Chandigarh. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan
Hello..
I have a question. How much money is to be there in my fd?
Hi, this depends on the loan amount you need for your education. Please drop a callback request on bit.ly/wmscallback and register your details with us. Our team will get back to you at the earliest. Thanks for writing to us.
Is gram phanchayat residence property are accepted by SBI for mortgage of loan
Hi Sujit, the acceptance of gram panchayat property depends. There have been cases when they were accepted, also many times, they were not accepted. I would say it is more like case to case basis, which mostly depends on the state you are from. I think you are already in touch with our team for your processing. What did the WeMakeScholars financial officer say seeing your case?
For eduction loan to canada
Can i get GIC included study loan
one and only Absolutely. If you apply via WeMakeScholars, you’ll surely get the GIC also done. If you go directly to bank, they mostly don’t understand the GIC thing and mostly refuse. Drop a call back request from our team @ www.wemakescholars.com/study-abroad-education-loan
Thank u😇
Can we give 2 collaterals one is owned by my mother and other by father
Hi, Arjun! Yes, you can provide two collateral if one is not sufficient for your requirement. For further guidance, please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.
@@WeMakeScholars sure Do you have any office in kerala
@@arjunkartha8461 As the initiative is funded and supported by the Digital India Campaign, the mode of operations are digitally aiming to reach students from every corner of the country. You may connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once we get your request, the respective Financial Officer for your region will call you to help you further.
Hey @we make scholars my concern is I have a collateral property but it's just a land without any buildings and it's in a gram panchayat. So will this land be eligible for a collateral loan
Hi, Manu! Usually, Gram Panchayat properties are not accepted by the banks. However, in rare cases, they are accepted. Hence, I suggest that you request a callback on this link: bit.ly/education-loan . Once we get your request, the respective financial officer for your region will call you to help you further.
I am applying for tier 4 uk visa and im getting a new FD made, is it important for me to wait for 28 days before getting a loan againt FD?
Hi, Yashodha! No, you do not have to wait 28 days before getting a loan. Your Financial Officer spoke to you today. Please feel free to reach out to him for any questions.
WeMakeScholars he told me on call that i didnt need to keep it for 28 days and then sent me a text saying that it has be kept for 6 months.
@@yashodhadandona613 Hi, Yashodha! For the UK, FD need not be old, even on a fresh FD it can be given, but if it is 28 days old it is better for visa.
Do I need to pay any fees for your cooperation ( we make scholars)
Hi, Asha! No, we do not charge any fee for any of our services. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan
Can I get loan above 7.5 lakhs ..using father payslips..
Hi Vivika! Yes, it is possible to get an education loan. We will have to evaluate your profile to guide you on suitable loan options. Please get in touch with our loan team by requesting a callback on this link:bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.
Mam is there any charges to speak to your team
Hi, Satnam! All the services of WeMakeScholars are completely free of cost. You can get in touch with the team by requesting a callback on this link: bit.ly/education-loan
hello i want to have a loan for mbbs in ukraine with collateral.. please help me
Hello Rishi, we will definitely help to process your loan application. But first we need to ascertain whether you fulfill all the eligibilty criteria. Please request a callback from our loan team here: bit.ly/education-loan
Mam can I apply for 35 lacks loan for studying in canada and can I use my own live insurance policy as colletral.
Hi Riyaz, any life insurance policy can be used. Please request call back and speak with the assigned financial officer from our team and you can get assistance @ www.wemakescholars.com/study-abroad-education-loan
Really need balnk cheque for dispersement
Hi, Pepsi! I believe your Financial Officer got in touch with you. Please feel free to reach out to him for further guidance,
I don't have any Collateral 🤦🏻♂️💔
Hi, Roshan! You can apply for a non-collateral loan in this case. You will need a co-applicant with a good financial profile. For guidance on the non-collateral loan process, please connect to our loan team by requesting a callback on this link: bit.ly/education-loan
Can u use a mic ?
Hi Himanshu, apologies for the technical issue. Only in this episode, there was an issue.
From the next one, it's very clear. Please keep sharing the episodes.
My father has an FD of about 25lacs. So will the interest amount of 5 to 7% on that FD reduce to 2%?
Hi, Jennifer! No, it will not reduce. If you are seeking help from our team with the loan process, please get in touch by requesting a callback on this link: bit.ly/education-loan
I want to take education loan for MBBS abroad
Hi, David! Sure, we can help you out. Please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you to guide you further.
Mam to be frank I am in love with you
:D
Can a property which is purchased on loan, be considered as collateral to get education loan?
Hi, Yashika! Yes, it is possible to get an education loan against a property which is already under home loan. We'll have to evaluate your profile to be able to help you further. Please connect to our loan team by requesting a callback on this link: bit.ly/education-loan Once you fill out the form, they will get back to you within 24 hours.