Hi, everyone! You may watch the same topic discussed in other languages here: Hindi - th-cam.com/video/ZYe_a-6-gqA/w-d-xo.html Telugu - th-cam.com/video/IDw72Plis3s/w-d-xo.html Tamil - th-cam.com/video/KdfY3aRJOPw/w-d-xo.html
Thanks Alan. I'm glad that my videos are helping students like you. 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
*Love the hard work Thad your all giving to us to the students who wants education loan without any problems from the banks* .. 🤗👍👍👍 *I've some questions* : 1--If I want loan for 15 lacks for 5 years so will I need to pay the interest for 5 years as in terms of EMI . Maybe yes 🙃 doubt !! 2--And also if my property value (land with house) just bought for 20 lacks (land value is 12lac + for construction 8) so will I able to give Thad property as my colletral .. To get my loan .. 3--And also am planning for Canada and I just need 15lacks bud as you said having global loan will help to get it done earlier so what will be the better option ?? 4-- And lastly am going for diploma ! And will SBI give the loan for diploma !!! And also my father income isn't Thad well so no income tax so far he's doing business 😄🙃🙃 as you know our indians 👍👍 Plz my sis look into my case... Just only 4 questions
Hello! 1) If your loan period is 5 years, yes, you can pay your EMI for 5 years. However, if you want to pay off your loan and close it earlier than that, it is possible. 2) Do you have all the property papers? That's the important issue here. 3&4) We will see what the best options are and we will guide you accordingly after we have understood your profile better. Please get in touch with our loan team here: bit.ly/education-loan
Hi, Yaswanth! Glad you found the video helpful. 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, Hassan! Glad you found the video helpful. 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 Gurjit! Thank you so much for appreciating our work! Your loan officer Sangram speaks very highly of you and it was a great experience for him to be of help to you! :)
Vijaya Lakshmi it’s s absolutely free you should apply right now, just register here and apply online. Even they will give you advice and handle your case very carefully. They are like guardians so don’t hesitate www.wemakescholars.com/recommends/gurjitgora
But Mam, how does the process of disbursement occur for students going for masters in Germany. As you are aware of the fact that German universities doesn't have a tuition fee as such but instead the student has to show certain amount of money in his/her blocked account as living expense & not on the university's bank account, but the bank officials say that's not possible. I'm really worried about this matter. Kindly help out of this situation.
Hello Shafique, that is nothing to worry about when you go through WeMakeScholars. We have processed so many applications for Germany that it is nothing to worry about. Please get in touch with our loan team here: bit.ly/education-loan ... Your issue will be sorted out
Hi, Sourav! Thanks for your words of appreciation. If you haven't yet gotten in touch with WeMakeScholars, you can do so by requesting a callback on this link: bit.ly/education-loan
Hi Devendra! Thanks for the suggestion we will look into it. 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
How you say sooo sweetly that get our link in the description below and we will be there for you....and what feels that how much WMS is with us and in future too everytime...😅
Can you please explain how RBI mandating external benchmark linked lending rates over the existing marginal cost of funds-based lending rate (MCLR) system affect the calculation of interest rate?
Hello Akshay, I hope you know that the MCLR has a direct impact on how banks decide their interest rates for the various loan schemes? Please speak to our loan team here: bit.ly/education-loan they will explain this point to you.
Really nice initiative by WMS. Love the platform. Just a small doubt, I have an SBI account in the Pune branch, but currently living in Bangalore for a job. If I have to apply for an abroad ed loan, do I have to transfer the account?
Hi, Ganesh! Glad you're finding the videos helpful. No, you will not be required to transfer your account. Please fill up the application form on this link: www.sbieducationloan.co.in/The loan team will contact you to guide you further.
Mam..I have applied for an educational loan in SBI at vidyalakshmi portal 3 months ago and now the application status is coming as 'sanctioned' in the portal.what to do next? and how the bank will disburse the loan amt to the college, as the academic year starts..pls tell me..what to do..
Hi! Yes, we do help with loans for study in India too, if your profile meets certain criteria. 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.
Thanks a lot for this video mam. My query is... For bachelors, If I got an education loan of 40L, and if my tuition fees and living expenses cost around 15L per year. How much does the bank disburse for my first semester. In this case, I need 7.5L per semester, does the bank provide amount how much I need or else does it have any margin/ fixed amount..!?
Hi, Neeraj! The bank will disburse the amount as per your semester requirement. Yes, loan margin may apply depending on the lender. You may watch this video for more details: th-cam.com/video/dBe8ssqusYE/w-d-xo.html 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! Glad that you found the video helpful For further one-on-one guidance with the loan process, 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.
One more question about refinancing the loan amount later after study if we are not happy with the current bank/NBFC ROI.. can you help explaining that too?
Hello Wincy, definitely, you can shift your loan provider at a later date as well. Our loan team can surely help you out with that process as well. Please get in touch with them here: bit.ly/education-loan
Hi mam 🖐 Can Govt banks pay the initial tution fee deposit for the CAS letter(below 7.5 lakhs) after loan sanctioned but before pledging the collateral documents?
Hello! Mortgaging your property is the most important step in the education loan process. You will not be able to disburse any money from your loan account before property has been mortgaged, as the loan will get sanctioned only after the mortgage process has been completed. For any other doubts, please contact our loan team here: bit.ly/education-loan
Good job done to you and your team I had one request this is regards loan insurance in case in a Covid 19 situation where the US govt is wanting to send students back to their home country, or say student fall sick wants to return home or cannot get jobs any insurance policy to cover these situations Thanks once again keep doing the good work and GBU team
Hi, Nelson! Currently, loan insurance only covers serious illness or death. it does not cover the other mentioned issues. 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! Glad you found the video helpful. 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 Jobin, I believe you spoke to our loan officer Ligimol this morning. Please be in touch with her, she will make sure your work is done as soon as possible. :)
Hi! Glad you found the videos helpful. 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, Ankit! Please watch these videos which cover GIC: th-cam.com/video/8PEuNrSyCQ0/w-d-xo.html th-cam.com/video/iqdCXQEnMZk/w-d-xo.html 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 we ask NBFC to disburse half of the sanctioned amount in the first year of the master program and the rest of the amount in the second year only if I require it?
Hi, Kartik! Yes, this is possible. You will be charged interest only on the disbursed amount. 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, Yugesh! Thanks for the suggestion. You may watch our videos on Prodigy Finance here: th-cam.com/video/YEcdfZ0bh1M/w-d-xo.html th-cam.com/video/D5BdvJd113g/w-d-xo.html 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
Thanks for the clear explanation. As we need to pay partial or full interest every month if we take loan from NBFCs. Is it ok if I pay that interest amount from the living expenses disbursed to my account? Thanks in advance!
Hi, Vasanth! Yes, you can. However, Forex charges will apply. 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
Thank you Wincy, for the video suggestion. I will forward your idea to the concerned team. Meanwhile, until the video is up, you can clarify your doubts by speaking with our loan team here: bit.ly/education-loan
Hi Miftahul! Thanks for your words of appreciation. 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, Irani! The student may pay the margin money directly to the university and show the receipt to the bank or deposit the margin money in the bank so the bank can transfer the entire amount to the university. 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
After all the expenses incurred namely registering for the university, flight tickets etc . Where should I submit the bills or proofs , I mean how the bank knows if the transaction is done
Hi, Nikhil! You will have to submit the bills to the bank. There are only some expenses for which the bank does not give upfront money. You can claim the amount for the rest of the expenses beforehand. To find out which ones, 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.
Hi! Glad you found the video helpful. 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, Varun! You can include the currency conversion rates in the loan. It is you who has to convert it and include it when calculating your loan amount. For further guidance on the loan process, 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.
Thanks Ma'am, just in case I get sanction for 20 lakhs loan. But during the complete studies. I disburse only 12 lakhs in total. And after completing studies and 6 months grace period, I start repayment of loan. At that time do I have to pay the interest for the rest 8 lakhs also. Or will be like I only have to pay the interest and principal for 12 lakhs which i had disbursed.
Hi! You will be charged interest only on the disbursed amount (i.e. on 12 lakhs in this example). 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
Thanks for the detailed explanation. I am planning to pursue my Masters in the UK. Usually, when the universities in the UK send offer letters to students, they expect students to pay a base sum of 2-4 lakh rupees to secure the admission. Is it possible for me to get the loan sanctioned before I get my offer letter so that the bank will pay this 2-4 lakhs to confirm my seat in the university after I receive the offer letter? Thanks in advance!
Hi, Vasanth! It would not be possible to get your loan sanctioned before the offer letter. However, you can get the loan after receiving your admit in order to pay the deposit. You may watch this video for further details: th-cam.com/video/ceRrpqEsXu8/w-d-xo.html 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! If the fees were paid within 6 months of your loan getting sanctioned, we can help you get it reimbursed. Please connect to our loan team by requesting a callback on this link bit.ly/3KLb0zu Once you fill out the form, they will get back to you to guide you further.
My college is accepting payment through third party software- flywire, I have got my education loan sanctioned from the SBI, the bank official is deniying to make the payment through the third party, asking me to get the college bank account details. I just got a reply from the college officials that flywire is the only mode. What to do? please help!
Hi Tanya, no issues. Please drop the issues form @ sbieducationloan.wemakescholars.com/sbi-issues-form.html so that the financial officer will speak with your branch people and release the funds via Flywire. Thanks!
@@WeMakeScholars Mr. Avinash, my loan officer really helped me with this loan process, somehow I lost all of my contacts from the phone. Could your team please convey this message to him so that he can contact me and help with the disbursement process.
Hi, Alan! Glad you found the information useful! 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
Hlo mam, i had filled and submitted the form for education loan disbursement, the bank people said the process will be done by 2 days and now its day 3 and there no any update about it ( im studying in india only )
Hello, There can be several reasons for the delay in the process. If you have taken your education loan through our organization, kindly contact your financial officer. If not, please talk with the bank manager regarding your issue.
Hi Mam you are doing very good. In SBI global ed-advantage loan whether Rin raksha insurance is compulsory. I availed only a small portion of the loan. Br is insisting for insurance for the whole loan amount. PL clarify.
Hi Ramesh, The Rinn Raksha Policy is not compulsory, but it helps as there is a 0.5% reduction in your interest rate. But the choice is ultimately yours and the manager should not be insisting on it. Are there some other particulars of your profile that we need to take into account, because of which the manager is insisting? You can speak to our loan team here: bit.ly/education-loan They will be able to give you more clarity.
Hello mam, I am from Pakistan and sadly Pakistan's system is not promoting studying abroad and don't even facilitate loans. Mam I approached MPOWER but they only support 2 years of program. Where Pridogy support Masters only. And I want to study BBA as you know it's for 4 years maximum. Can you can you please help me finding any way? So I can secure my career by going abroad. ( USA/ Canada) I am waiting for your reply.
Hello Shafqat! We are not completely sure about the loan scenario in Pakistan... but, if you are looking for a non collateral loan, I would suggest you try to go abroad for your Masters only. It's nearly impossible to get an unsecured loan for Bachelors from any source.
Hello mam If I take a abroad education loan from sbi(collateral). we have two property lands which is 1 property on my father's name and the 2nd is on my mother's name. Is that OK to apply for education loan.
Yes! It is possible to do so. Your father will be your primary coapplicant and your mother will be your secondary coapplicant or guarantor. But most government bank employees do not know that this can be done. Our loan team will help you out and direct you to the most student friendly branches in your region. You can have a free discussion with them here: bit.ly/education-loan
Hi, Reeshita! The bank will disburse the tuition fee to the university in parts for each semester. As to the living expenses, you may watch this video which explains the disbursement of living expenses: th-cam.com/video/440JD6QhoWE/w-d-xo.html 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
sbi refused to disbursed education loan in university account. sbi says that you pay your fee yourself, after visa, bank will pay back fee amount in your account. how a middle class man can do that.
What if the bills are displayed to mailed to the bank but they have reimbursed the part which was sent earlier but one bill was sent later so how can we contact bank to reimburse it?
Actually the bill of counselling process which was sent later is not sanctioned, and the respective student is physically there at campus visited bank twice and also emailed it but still the amount is not reimbursed in the account? How to approach this kind of issue . Please clarify
Hello @wemakescholars I tried to contact though your website but didn't get reply yet is their any alternative option to contact you regarding the education loan with unconditional offer letter from university
Hello Yuvraaj, our loan officer Archit has been in touch with you from the 4th of October. Unfortunately your case has been rejected by all the banks as there is no earning member of the family and the property is also not ideal...
Hi, Harshitha! The best time to contact our team is once you have started applying to universities and are waiting for your offer letters. You may 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 given the collataral but still not getting the loan ???? It has been 21 days that I applied from """WE MAKE SCHOLLARS""" but still waiting for the response!!!!!! :( please assist. What is the TAT of your organization?
Hello! I believe I had replied to you on an earlier comment a few days ago. Unless you give me your full name, your number or your email id, there is no way I can look into the issue. So please reply with the particulars I have asked from you.
Hi Chirag, changing universities is not an issue at all. Ofcourse there is some preliminary guidance that the bank personnel will also need as they too may not have processed many of such cases. But don't worry, since we are empanelled by the SBI HeadOffice, we will be able to see through the process. But please discuss the particulars of your profile with the loan team right away so that we can help out at that stage... The Bank needs to know that the student was in touch with us from the beginning. bit.ly/education-loan
Hi, Kaushik! Glad you found the video helpful! 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, My education loan is at the last stage and it might get delay because of some issue of loan centre and my financial officer is trying continuously to do asap. So I’m thinking to pay tuition fees by myself. So can you make a video on reimbursement? Like is it complicated than disbursement?, how is loan margin handle at this time? Thanks :)
Hi, Harshil! Thanks for the suggestion. Yes, if you pay the tuition fee beforehand, you can get the amount reimbursed if you produce the fee receipt. Please feel free to reach out to your Financial Officer for any questions.
Hi! Glad you found the videos Informative. For further one-on-one guidance with the loan process, 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.
what is the minimum credit score of a student to get the education loan approved and if in case the students's credit score is less, can the co-applicant credit score can be taken into consideration??
Hi Padma! The minimum CIBIL required by both applicant and co-applicant is 685. Maybe you could speak to our loan officers about it. They will try to dig below the surface and exactly understand what went wrong and whether there is any way out. The reasons for the low score is quite important. Many times we have negotiated for students whose co-applicants had CIBIL score as low as 600. You can sign up for a discussion with our team here: bit.ly/education-loan
Firstly thanks for a great video. I am applying for a Masters programme from UK and I want to know that if NBFCs have started sectioning education loan for UK now after all these changes in VISA and all? Please reply. Thanks.
Hi, Rohit! Glad you found the video helpful. Yes, NBFCs are giving loans for UK. 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.
Really informative video. I just had a doubt about the reimbursement of fees. I've recently applied to a college for my MCA course but the college won't give me any time to arrange for the loan and wants me to pay the fees at the time of admission. Me and my family are somehow managing the funds and will apply for the education loan and provide the bank with the fee receipt and other necessary documents. My question is will the bank reimburse the fees even though I'm applying for the education loan after already paying the fees and if yes, then how long will it take for the bank to reimburse the fees into my account ?
Hi Ruben! We can speak with bank officials on your behalf and have them reimburse the tuition fees you paid with your own money. Even if you apply for an education loan after paying the fees, it can only be reimbursed if it was paid within 6 months of your loan being Sanctioned. We recommend you talking to our Financial Officer about the same, so they can project more clarity and help you choose the best lender suiting your profile. 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.
Ma'am my loan is already sanctioned. As I have already paid the tution fee so I applied for reimbursement. But they have credited only less than half of the amount that is mentioned in my tuition fee. Kindly help me in this regard.
Hi, Reeshita! The proof of funds requirements differ based on the country you're going to. Usually, the education loan suffices as proof of funds. 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
If any part of fees paid before loan sanctioned then bank can deny the reimbursement? Can we add embassy fees, other colleges admission charges, agent's fees in education loan?
Hi, Vinay! The amount can be reimbursed to you once you produce proof of payment. Admission fee can be included in the loan. Embassy fee, agent's fee cannot be included. 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! You will need the final semester marksheets for disbursement. 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, Abdul Hasan! No, shares cannot be used as collateral. Non-agricultural land, house, flat, fixed deposit, insurance policy and govt. bonds are accepted forms of collateral. 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, Salma! You have been in touch with your Financial Officer, Krishna! Please feel free to contact him if you have any queries. He will help you out with this.
Hi, Priyanshu! Glad you found the video helpful. 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 u so much for reply i applied for education loan 4 days ago through vidya lakshmi portal . in application, bank ramarks shows 'success' now i don't know what i have to do can you please help me in this process?
Hello Priyanka, that depends on how well he has been repaying his loan. That has a direct impact on his CIBIL score. Please get in touch with our loan team here: bit.ly/education-loan Once they know your particulars, they will be able to guide you accurately.
Hi, Melissa! Glad you found the video helpful. 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 Karamdeep! We are a Hyderabad-based company serving PAN India. As we are a part of The Digital India Campaign, Our mode of operations is digitally aiming to reach students from every corner of the country. Please connect to our loan team by requesting a callback on this link bit.ly/3KLb0zu Once you fill out the form, they will get back to you to evaluate your profile and check your eligibility with 14+ Public and private lenders, so you can get the best education loan suiting your profile.
Hi Siddhanta, if your course gets extended by a semester, bank can extend your moratorium accordingly. But please make sure you let the bank know as soon as the extension is planned because if moratorium gets over, then you can never get an extension.
Hi ma’am, I talking about living expenses with out going to abroad how can we get a Abroad bank account for living expenses disbursement. They can disburse amount into Indian bank account. So, from India we can book Accommodation is it possible or not. Can I get reply to my query ?
Hi, Kalyan! It depends on which lender you have taken the loan from. Government banks issue a Foreign Travel Card whereas NBFCs can transfer it to your account directly. Please watch this video on living expenses disbursement for further details: th-cam.com/video/440JD6QhoWE/w-d-xo.html 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 Saif! Glad you found the video helpful. For further one-on-one guidance with the loan process, please connect to our loan team by requesting a callback on this link: bit.ly/3KLb0zu Once you fill out the form, they will get back to you to guide you further.
Mam, I have got the sbi education loan sanctioned, I paid the 1st sem fee from my side, they offered me the amount I paid from the loan amount which I have paid before, and I received the amount in my bank ac, now how to avail the next disbursements of the loan, i.e. for the 2nd sem, sbi chandigarh
Hi Abhinav! yes, you can get the next disbursement for your second semester. Please feel free to reach out to our loan team if you got your loan sanction through WeMakeScholars as our services are promised till the repayment.
I have a question, what if we take loan from a bank for perticular country and university, but for some reason the person doesn't get admit letter due to some reasons then after some time he learnt that different country has good University too with better education then in that case. Can he change the country after getting loan sanction ? letter?
Hi Ranjit! If you are approaching the bank on your own, you won't be able to start the education loan process, As the banks require a sanction letter to initiate the process. But with WeMakeScholars has special arrangements with the banks to initiate the process. We can help you change the university name in the sanction letter as well. However, which country & university you are planning to pursue? We also suggest you speak with our Financial Officer to understand the education loan process better. Connect with us via: bit.ly/48cTdcR
My financial officer don't pickup my call .. yesterday I will the disbursement and had many doubts but the guy didn't pickup my call. It has been many days he is ignoring
@@WeMakeScholars Tysm ... As they were explaining all the details and I was not aware of that . So need to confirm from financial officer. Tysm for your assistance.
I have applied for education loan in sbi but it has been 5 months there is no disbursement of amount just the mangaer says i will do it tomorrow 100 per cent and the tomorrow never comes.In such situation what should be done?
Hi, Chanchal! That is why it is better to apply via WeMakeScholars so such issues do not occur. We would suggest you fill up the application form on this link: sbieducationloan.co.in/ The loan team team will get back to you to guide you further.
Mam I got educational loan saction letter and I accepted the terms and condition ...I signed on the papers ...till now loan got not disbursed My RM saying that comes comes like that and we are friends 5members. We are applied the same bank ...they all 4 got disbursed ...last 5 days ago now till now my loan got not disbursed😣😟😢
how does disbursement process work if we take 80% of loan and 20% of own for all the expenses(i.e. how bank pays tuition each semester in case of 80-20 scale)
Hi, Navya! For each disbursement, the bank will give 80% and you will have to pay 20%. You may either pay the margin amount to the university directly and show the receipt to the bank or deposit it in the bank so that the bank can transfer the entire amount to the university. 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, Atherva! No, these expenses cannot be included in the education loan. 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! You can get the amount reimbursed by the bank on producing proof of fee payment. 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, Ammar! Yes, you can do that. 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
Hai, i got admission in 1 Australian university and i paid the Initial depsoit fee. But my bank is not disbursing the loan amount as my loan sanctioned already. They said after getting visa only they will disburse the amount.
Hi Sheeza! Each scholarship has different requirements. We list all the eligibility criteria of a particular scholarship on the website, so please go through it, and then you will have a better idea. Good luck!
my bank is not ready to disburse the tution fee amount from third paty....can u help to figure out that how can i ask them to disburse it through flywire?
Hi Paras, Please speak to your WeMakeScholars Financial Officer. They will speak to the concerned bank official and will refer to the official circular for the same. We will make sure your disbursement is done the same day.
Hai madam. I have a question. My sbi education loan got sanctioned in may. But I paid my first semester fees from my hand.i have the receipt in my hand. So, when I asked for the reimbursement, they told me that I need to submit visa for reimbursement. Do we really need to show visa to bank to reimburse paid fees? Please answer
Hi Adarsh, Don't worry. Pls share your sanction letter with our team and we will speak with the Manager and do the needful. Pls email your sanction letter to hello@wemakescholars.com
Can i use loan amount disbursed for personal use or can co applicant use it for any purpose Bcz its mentioned in the sanction letter that only applicant can use it In credilla Plz revert
Hi, Akshaya! Yes, you will need visa approval. 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 Vinay! Usually, some embassy asks for proof of funds before applying for a visa for that some private lenders will transfer the amount and put a hold on that amount so that you won't use the amount, and then later on after getting the visa they will disburse the amount. 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 Suraj, our loan officer Krishna Kumar tried contacting you on 1st of November at 4:05 pm. There was no answer from your end. He even reached out to you on email, whatsapp and sms. Please check and get back to him. Thanks!
Hi, Chauhan! You would have to take your first disbursement within 6 months once you receive the sanction letter. This could be an amount as small as a thousand rupees. 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, Kiran deep! Yes, pre-visa disbursement is possible for countries where it is mandatory. However, the banks may give you a tough time if you approach them directly. It is better to apply via WeMakeScholars to avoid this. 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 Deepthi, the loan can be disbursed immediately once all formalities are done.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, everyone! You may watch the same topic discussed in other languages here:
Hindi - th-cam.com/video/ZYe_a-6-gqA/w-d-xo.html
Telugu - th-cam.com/video/IDw72Plis3s/w-d-xo.html
Tamil - th-cam.com/video/KdfY3aRJOPw/w-d-xo.html
घ
This was really comprehensive and useful. Awesome video. Thanks a lot!
Thanks Alan. I'm glad that my videos are helping students like you. 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 🙏🙏👍👍
*Love the hard work Thad your all giving to us to the students who wants education loan without any problems from the banks* ..
🤗👍👍👍
*I've some questions* :
1--If I want loan for 15 lacks for 5 years so will I need to pay the interest for 5 years as in terms of EMI . Maybe yes 🙃 doubt !!
2--And also if my property value (land with house) just bought for 20 lacks (land value is 12lac + for construction 8) so will I able to give Thad property as my colletral ..
To get my loan ..
3--And also am planning for Canada and I just need 15lacks bud as you said having global loan will help to get it done earlier so what will be the better option ??
4-- And lastly am going for diploma !
And will SBI give the loan for diploma !!!
And also my father income isn't Thad well so no income tax so far he's doing business 😄🙃🙃 as you know our indians 👍👍
Plz my sis look into my case...
Just only 4 questions
Hello!
1) If your loan period is 5 years, yes, you can pay your EMI for 5 years. However, if you want to pay off your loan and close it earlier than that, it is possible.
2) Do you have all the property papers? That's the important issue here.
3&4) We will see what the best options are and we will guide you accordingly after we have understood your profile better. Please get in touch with our loan team here: bit.ly/education-loan
Many blessings are there with you mam,once again GOD bless you mam
Thank you Parveen!
Well this one video cleared all the doubts that were bothering me how to pay my tution fee. Thankyou so much for this video
Hi, Yaswanth! Glad you found the video helpful. 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
Thank u so much ..this video cleared my all confusion
.❤️
Hi, Hassan! Glad you found the video helpful. 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 thanks all the members of we make scholars team specially shabbir sir,Rebel sir, kshitij sir thank you all
Hi, Ramakant! We're glad we could help! :)
Thank you very much for sharing such wonderful videos
I got my education loan through wemakescholars and I’m really grateful🙏🏻 GBU wemakescholars team😇
Hello Gurjit! Thank you so much for appreciating our work! Your loan officer Sangram speaks very highly of you and it was a great experience for him to be of help to you! :)
Gurjit have you charged any money for we make scholars
Vijaya Lakshmi it’s s absolutely free you should apply right now, just register here and apply online. Even they will give you advice and handle your case very carefully. They are like guardians so don’t hesitate
www.wemakescholars.com/recommends/gurjitgora
@@GurjitSingh-yc8qn in how much days your loan gets approval
dhiraj patel it depends on the approval of property by the evaluator and loan manager approval
But Mam, how does the process of disbursement occur for students going for masters in Germany. As you are aware of the fact that German universities doesn't have a tuition fee as such but instead the student has to show certain amount of money in his/her blocked account as living expense & not on the university's bank account, but the bank officials say that's not possible. I'm really worried about this matter. Kindly help out of this situation.
Hello Shafique, that is nothing to worry about when you go through WeMakeScholars. We have processed so many applications for Germany that it is nothing to worry about. Please get in touch with our loan team here: bit.ly/education-loan ... Your issue will be sorted out
I still wonder how can something so good exist that too for free. hats off!!
Hi, Sourav! Thanks for your words of appreciation. If you haven't yet gotten in touch with WeMakeScholars, you can do so by requesting a callback on this link: bit.ly/education-loan
I want you to make a video on the disbursement process of NBFCs like Avanse, Prodigy, and HDFC Credila.
I will be waiting for this video.
Hi Devendra! Thanks for the suggestion we will look into it. 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
How you say sooo sweetly that get our link in the description below and we will be there for you....and what feels that how much WMS is with us and in future too everytime...😅
Hi, Anuran! Yes, we are just a callback request away! Feel free to reach out to our team on this link: bit.ly/education-loan
Can you please explain how RBI mandating external benchmark linked lending rates over the existing marginal cost of funds-based lending rate (MCLR) system affect the calculation of interest rate?
Hello Akshay, I hope you know that the MCLR has a direct impact on how banks decide their interest rates for the various loan schemes? Please speak to our loan team here: bit.ly/education-loan they will explain this point to you.
Really nice initiative by WMS. Love the platform. Just a small doubt, I have an SBI account in the Pune branch, but currently living in Bangalore for a job. If I have to apply for an abroad ed loan, do I have to transfer the account?
Hi, Ganesh! Glad you're finding the videos helpful. No, you will not be required to transfer your account. Please fill up the application form on this link: www.sbieducationloan.co.in/The loan team will contact you to guide you further.
Mam..I have applied for an educational loan in SBI at vidyalakshmi portal 3 months ago and now the application status is coming as 'sanctioned' in the portal.what to do next? and how the bank will disburse the loan amt to the college, as the academic year starts..pls tell me..what to do..
Hi, Prakash! Which university is the loan for and what is the loan amount?
@@WeMakeScholars Mam..its krishna institutions @coimbatore and the loan amt is 4,00,000.
@@prakashwarrior3421 Please approach your bank branch and they will assist you with this query.
It's about in india ...do we have to secure admission on our own mean we have to pay or we can secure through
Hi! Yes, we do help with loans for study in India too, if your profile meets certain criteria. 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.
@@WeMakeScholars if documents matchup....how many days will it take for loan tobe sanctioned....pls do reply on this!
Thanks a lot for this video mam.
My query is...
For bachelors, If I got an education loan of 40L, and if my tuition fees and living expenses cost around 15L per year. How much does the bank disburse for my first semester. In this case, I need 7.5L per semester, does the bank provide amount how much I need or else does it have any margin/ fixed amount..!?
Hi, Neeraj! The bank will disburse the amount as per your semester requirement. Yes, loan margin may apply depending on the lender. You may watch this video for more details: th-cam.com/video/dBe8ssqusYE/w-d-xo.html 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
Thank you,this helps a lot!
Hi! Glad that you found the video helpful For further one-on-one guidance with the loan process, 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.
One more question about refinancing the loan amount later after study if we are not happy with the current bank/NBFC ROI.. can you help explaining that too?
Hello Wincy, definitely, you can shift your loan provider at a later date as well. Our loan team can surely help you out with that process as well. Please get in touch with them here: bit.ly/education-loan
Hi mam 🖐
Can Govt banks pay the initial tution fee deposit for the CAS letter(below 7.5 lakhs) after loan sanctioned but before pledging the collateral documents?
Hello! Mortgaging your property is the most important step in the education loan process. You will not be able to disburse any money from your loan account before property has been mortgaged, as the loan will get sanctioned only after the mortgage process has been completed. For any other doubts, please contact our loan team here: bit.ly/education-loan
Good job done to you and your team I had one request this is regards loan insurance in case in a Covid 19 situation where the US govt is wanting to send students back to their home country, or say student fall sick wants to return home or cannot get jobs any insurance policy to cover these situations
Thanks once again keep doing the good work and GBU team
Hi, Nelson! Currently, loan insurance only covers serious illness or death. it does not cover the other mentioned issues. 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
You're doing a great job!
Hi! Glad you found the video helpful. 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
Ma'am after submitting all documents how much time for sanction in SBI,as nowadays colleges only offer less than 20 days for fee payment.
Hi Jobin, I believe you spoke to our loan officer Ligimol this morning. Please be in touch with her, she will make sure your work is done as soon as possible. :)
U guys are outstanding tnx a loot for ur service
Hi! Glad you found the videos helpful. 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 guess this is just for Indians... Nice!
Hello Teniola... At this moment, we are authorized to process education loan applications only for Indian citizens :)
Please make a video on GIC and other proof of funds..how to open GIC account, which banks to select etc.. thank you
Hi, Ankit! Please watch these videos which cover GIC:
th-cam.com/video/8PEuNrSyCQ0/w-d-xo.html
th-cam.com/video/iqdCXQEnMZk/w-d-xo.html
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 we ask NBFC to disburse half of the sanctioned amount in the first year of the master program and the rest of the amount in the second year only if I require it?
Hi, Kartik! Yes, this is possible. You will be charged interest only on the disbursed amount. 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.
Thank you so much madam 🙏 please do a video on how prodigy disbursement the loan.
Hi, Yugesh! Thanks for the suggestion. You may watch our videos on Prodigy Finance here:
th-cam.com/video/YEcdfZ0bh1M/w-d-xo.html
th-cam.com/video/D5BdvJd113g/w-d-xo.html
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
Thanks for the clear explanation.
As we need to pay partial or full interest every month if we take loan from NBFCs. Is it ok if I pay that interest amount from the living expenses disbursed to my account?
Thanks in advance!
Hi, Vasanth! Yes, you can. However, Forex charges will apply. 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
Hey thanks for the video.. Can you make a video of loan disbursement for NBFCS too.. It would be useful..
Thank you Wincy, for the video suggestion. I will forward your idea to the concerned team. Meanwhile, until the video is up, you can clarify your doubts by speaking with our loan team here: bit.ly/education-loan
Mam happy diwali with lots of love and blessings
Thank you, Parveen. It truly means a lot :)
best video on the topic
Hi Miftahul! Thanks for your words of appreciation. 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
Very helpful !!!
Thank you Ashish!
When the banks disburse the amount and pay it to the university what happens with the margin(in-case of SBI 10%)? How is the margin handled?
Hi, Irani! The student may pay the margin money directly to the university and show the receipt to the bank or deposit the margin money in the bank so the bank can transfer the entire amount to the university. 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
After all the expenses incurred namely registering for the university, flight tickets etc . Where should I submit the bills or proofs , I mean how the bank knows if the transaction is done
Hi, Nikhil! You will have to submit the bills to the bank. There are only some expenses for which the bank does not give upfront money. You can claim the amount for the rest of the expenses beforehand. To find out which ones, 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.
Great work...so helpful
Hi! Glad you found the video helpful. 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
Are the currency conversion rates part of our loan or do the bank have some special privilege which waives off that amount ?
Hi, Varun! You can include the currency conversion rates in the loan. It is you who has to convert it and include it when calculating your loan amount. For further guidance on the loan process, 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.
Thank you very much ma'am
Thanks Ma'am, just in case I get sanction for 20 lakhs loan. But during the complete studies. I disburse only 12 lakhs in total. And after completing studies and 6 months grace period, I start repayment of loan. At that time do I have to pay the interest for the rest 8 lakhs also. Or will be like I only have to pay the interest and principal for 12 lakhs which i had disbursed.
Hi! You will be charged interest only on the disbursed amount (i.e. on 12 lakhs in this example). 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
Thanks for the detailed explanation. I am planning to pursue my Masters in the UK. Usually, when the universities in the UK send offer letters to students, they expect students to pay a base sum of 2-4 lakh rupees to secure the admission. Is it possible for me to get the loan sanctioned before I get my offer letter so that the bank will pay this 2-4 lakhs to confirm my seat in the university after I receive the offer letter? Thanks in advance!
Hi, Vasanth! It would not be possible to get your loan sanctioned before the offer letter. However, you can get the loan after receiving your admit in order to pay the deposit. You may watch this video for further details: th-cam.com/video/ceRrpqEsXu8/w-d-xo.html 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, will the tuition fee paid after the sanction of loan but before the UK Visa be reimbursed by the bank, when receipts are produced?
Hi! If the fees were paid within 6 months of your loan getting sanctioned, we can help you get it reimbursed. Please connect to our loan team by requesting a callback on this link bit.ly/3KLb0zu Once you fill out the form, they will get back to you to guide you further.
@@WeMakeScholars Thq
My college is accepting payment through third party software- flywire, I have got my education loan sanctioned from the SBI, the bank official is deniying to make the payment through the third party, asking me to get the college bank account details. I just got a reply from the college officials that flywire is the only mode. What to do? please help!
Hi Tanya, no issues. Please drop the issues form @ sbieducationloan.wemakescholars.com/sbi-issues-form.html so that the financial officer will speak with your branch people and release the funds via Flywire. Thanks!
@@WeMakeScholars Mr. Avinash, my loan officer really helped me with this loan process, somehow I lost all of my contacts from the phone. Could your team please convey this message to him so that he can contact me and help with the disbursement process.
@@tanyatanya5810 Alright Tanya, Avinash will be getting in touch with you today.
Very informative video.. Thank you mam..
Hi, Alan! Glad you found the information useful! 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
Hlo mam, i had filled and submitted the form for education loan disbursement, the bank people said the process will be done by 2 days and now its day 3 and there no any update about it ( im studying in india only )
Hello, There can be several reasons for the delay in the process. If you have taken your education loan through our organization, kindly contact your financial officer. If not, please talk with the bank manager regarding your issue.
Hi Mam you are doing very good. In SBI global ed-advantage loan whether Rin raksha insurance is compulsory. I availed only a small portion of the loan. Br is insisting for insurance for the whole loan amount. PL clarify.
Hi Ramesh, The Rinn Raksha Policy is not compulsory, but it helps as there is a 0.5% reduction in your interest rate. But the choice is ultimately yours and the manager should not be insisting on it. Are there some other particulars of your profile that we need to take into account, because of which the manager is insisting? You can speak to our loan team here: bit.ly/education-loan They will be able to give you more clarity.
Thanks for helping
It's our pleasure to do so, Navi!
Hello mam, I am from Pakistan and sadly Pakistan's system is not promoting studying abroad and don't even facilitate loans. Mam I approached MPOWER but they only support 2 years of program. Where Pridogy support Masters only. And I want to study BBA as you know it's for 4 years maximum.
Can you can you please help me finding any way? So I can secure my career by going abroad. ( USA/ Canada) I am waiting for your reply.
Hello Shafqat! We are not completely sure about the loan scenario in Pakistan... but, if you are looking for a non collateral loan, I would suggest you try to go abroad for your Masters only. It's nearly impossible to get an unsecured loan for Bachelors from any source.
Hello mam
If I take a abroad education loan from sbi(collateral). we have two property lands
which is 1 property on my father's name and the 2nd is on my mother's name.
Is that OK to apply for education loan.
Yes! It is possible to do so. Your father will be your primary coapplicant and your mother will be your secondary coapplicant or guarantor. But most government bank employees do not know that this can be done. Our loan team will help you out and direct you to the most student friendly branches in your region. You can have a free discussion with them here: bit.ly/education-loan
Hi good evening mam
Just wanted to know do the bank pay for the whole tution fee at once ?and for the living expenses???
Hi, Reeshita! The bank will disburse the tuition fee to the university in parts for each semester. As to the living expenses, you may watch this video which explains the disbursement of living expenses: th-cam.com/video/440JD6QhoWE/w-d-xo.html 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
Beauty with Brain
sbi refused to disbursed education loan in university account. sbi says that you pay your fee yourself, after visa, bank will pay back fee amount in your account. how a middle class man can do that.
Hi! Has this loan been taken via WeMakeScholars?
What if the bills are displayed to mailed to the bank but they have reimbursed the part which was sent earlier but one bill was sent later so how can we contact bank to reimburse it?
Actually the bill of counselling process which was sent later is not sanctioned, and the respective student is physically there at campus visited bank twice and also emailed it but still the amount is not reimbursed in the account? How to approach this kind of issue . Please clarify
This issue is of a national Institute of india and all the procedures tooo
Hi Kritica! Was your education loan sanctioned via WeMakeScholars?
Hello @wemakescholars I tried to contact though your website but didn't get reply yet is their any alternative option to contact you regarding the education loan with unconditional offer letter from university
Hello Yuvraaj, our loan officer Archit has been in touch with you from the 4th of October. Unfortunately your case has been rejected by all the banks as there is no earning member of the family and the property is also not ideal...
Mam when should we contact your team? After finalisation of university or giving gre exam?
Hi, Harshitha! The best time to contact our team is once you have started applying to universities and are waiting for your offer letters. You may 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 given the collataral but still not getting the loan ???? It has been 21 days that I applied from """WE MAKE SCHOLLARS""" but still waiting for the response!!!!!! :( please assist. What is the TAT of your organization?
Hello! I believe I had replied to you on an earlier comment a few days ago. Unless you give me your full name, your number or your email id, there is no way I can look into the issue. So please reply with the particulars I have asked from you.
Don't take money on collateral bank can sell your land if you can't pay back
But if i change my institutes after six month reaching there in US???
But should allow me to change the institutes or not?
Hi Chirag, changing universities is not an issue at all. Ofcourse there is some preliminary guidance that the bank personnel will also need as they too may not have processed many of such cases. But don't worry, since we are empanelled by the SBI HeadOffice, we will be able to see through the process. But please discuss the particulars of your profile with the loan team right away so that we can help out at that stage... The Bank needs to know that the student was in touch with us from the beginning. bit.ly/education-loan
Really helpful 👍
Hi, Kaushik! Glad you found the video helpful! 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, My education loan is at the last stage and it might get delay because of some issue of loan centre and my financial officer is trying continuously to do asap. So I’m thinking to pay tuition fees by myself. So can you make a video on reimbursement? Like is it complicated than disbursement?, how is loan margin handle at this time? Thanks :)
Hi, Harshil! Thanks for the suggestion. Yes, if you pay the tuition fee beforehand, you can get the amount reimbursed if you produce the fee receipt. Please feel free to reach out to your Financial Officer for any questions.
Very useful information
Hi! Glad you found the videos Informative. For further one-on-one guidance with the loan process, 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.
SBI said no to paying my tuition fee through third party link. I had to facilitate a direct bank transfer. I have applied through we make scholars
Hi, Avichal! Our team is currently looking into your issue. Your Financial Officer will inform you as soon as there is an update.
what is the minimum credit score of a student to get the education loan approved and if in case the students's credit score is less, can the co-applicant credit score can be taken into consideration??
Hi Padma! The minimum CIBIL required by both applicant and co-applicant is 685. Maybe you could speak to our loan officers about it. They will try to dig below the surface and exactly understand what went wrong and whether there is any way out. The reasons for the low score is quite important. Many times we have negotiated for students whose co-applicants had CIBIL score as low as 600. You can sign up for a discussion with our team here: bit.ly/education-loan
Firstly thanks for a great video.
I am applying for a Masters programme from UK and I want to know that if NBFCs have started sectioning education loan for UK now after all these changes in VISA and all?
Please reply.
Thanks.
Hi, Rohit! Glad you found the video helpful. Yes, NBFCs are giving loans for UK. 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.
Really informative video. I just had a doubt about the reimbursement of fees. I've recently applied to a college for my MCA course but the college won't give me any time to arrange for the loan and wants me to pay the fees at the time of admission. Me and my family are somehow managing the funds and will apply for the education loan and provide the bank with the fee receipt and other necessary documents. My question is will the bank reimburse the fees even though I'm applying for the education loan after already paying the fees and if yes, then how long will it take for the bank to reimburse the fees into my account ?
Thank you in advance for clearing my doubt.
Hi Ruben! We can speak with bank officials on your behalf and have them reimburse the tuition fees you paid with your own money. Even if you apply for an education loan after paying the fees, it can only be reimbursed if it was paid within 6 months of your loan being Sanctioned. We recommend you talking to our Financial Officer about the same, so they can project more clarity and help you choose the best lender suiting your profile. 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.
Ma'am my loan is already sanctioned. As I have already paid the tution fee so I applied for reimbursement. But they have credited only less than half of the amount that is mentioned in my tuition fee. Kindly help me in this regard.
Hi, Purnima! Which bank did you take the loan from? Did you apply via WeMakeScholars?
@@WeMakeScholars I have applied in State Bank of India. No, I didn't applied through WeMakeScholars
@@purnimanewar8039 What is your loan amount? Which course/country is it for?
And one more thing I wanted to ask about the proof of fund??how do we show that to the embassy ??can we include that in loan?
Hi, Reeshita! The proof of funds requirements differ based on the country you're going to. Usually, the education loan suffices as proof of funds. 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
If any part of fees paid before loan sanctioned then bank can deny the reimbursement?
Can we add embassy fees, other colleges admission charges, agent's fees in education loan?
Hi, Vinay! The amount can be reimbursed to you once you produce proof of payment. Admission fee can be included in the loan. Embassy fee, agent's fee cannot be included. 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.
Do bank disburse the amount if i am currently in my final semester of bachelor's and i have secured admission for masters?
Hi! You will need the final semester marksheets for disbursement. 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 Shares be used as Collateral,it would be really great if you can make a video on it.
Hi, Abdul Hasan! No, shares cannot be used as collateral. Non-agricultural land, house, flat, fixed deposit, insurance policy and govt. bonds are accepted forms of collateral. 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
Ma'am I have personal loan in a private bank. I don't have any collateral Am I eligible to get loan for my Master's education in Germany
Hi, Salma! You have been in touch with your Financial Officer, Krishna! Please feel free to contact him if you have any queries. He will help you out with this.
Thank you so much mam
this video help me a lot
Hi, Priyanshu! Glad you found the video helpful. 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 u so much for reply
i applied for education loan 4 days ago through vidya lakshmi portal .
in application, bank ramarks shows 'success' now i don't know what i have to do
can you please help me in this process?
@@WeMakeScholarsmy email id
priyanshunita15072002@gmail.com
@@priyanshugupta5198 For a faster loan process, I would suggest you apply via WeMakeScholars. Please request a callback here: bit.ly/education-loan
My father already has personal loan can he still be my cosigner for abroad education loan?? Ma'am please reply
Hello Priyanka, that depends on how well he has been repaying his loan. That has a direct impact on his CIBIL score. Please get in touch with our loan team here: bit.ly/education-loan Once they know your particulars, they will be able to guide you accurately.
This was helpful
Hi, Melissa! Glad you found the video helpful. 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 have applied an education loan in sbi (with collateral) in August- September. but still i haven't get sanction letter or anything
Hi, Smit! Have you applied via WeMakeScholars? Please share your registered email address so we can locate your profile.
Madam apki team alag alag city mein kaise Kam karti hai.Aap ke deligates sabi city mein hein.
Hi Karamdeep! We are a Hyderabad-based company serving PAN India. As we are a part of The Digital India Campaign, Our mode of operations is digitally aiming to reach students from every corner of the country. Please connect to our loan team by requesting a callback on this link bit.ly/3KLb0zu Once you fill out the form, they will get back to you to evaluate your profile and check your eligibility with 14+ Public and private lenders, so you can get the best education loan suiting your profile.
what happens to the moratorium period during semester extension
Hi Siddhanta, if your course gets extended by a semester, bank can extend your moratorium accordingly. But please make sure you let the bank know as soon as the extension is planned because if moratorium gets over, then you can never get an extension.
Hi ma’am,
I talking about living expenses with out going to abroad how can we get a Abroad bank account for living expenses disbursement. They can disburse amount into Indian bank account. So, from India we can book Accommodation is it possible or not. Can I get reply to my query ?
Hi, Kalyan! It depends on which lender you have taken the loan from. Government banks issue a Foreign Travel Card whereas NBFCs can transfer it to your account directly. Please watch this video on living expenses disbursement for further details: th-cam.com/video/440JD6QhoWE/w-d-xo.html 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
good work
Hi Saif! Glad you found the video helpful. For further one-on-one guidance with the loan process, please connect to our loan team by requesting a callback on this link: bit.ly/3KLb0zu Once you fill out the form, they will get back to you to guide you further.
Mam, I have got the sbi education loan sanctioned, I paid the 1st sem fee from my side, they offered me the amount I paid from the loan amount which I have paid before, and I received the amount in my bank ac, now how to avail the next disbursements of the loan, i.e. for the 2nd sem, sbi chandigarh
Hi Abhinav! yes, you can get the next disbursement for your second semester. Please feel free to reach out to our loan team if you got your loan sanction through WeMakeScholars as our services are promised till the repayment.
I have a question, what if we take loan from a bank for perticular country and university, but for some reason the person doesn't get admit letter due to some reasons then after some time he learnt that different country has good University too with better education then in that case. Can he change the country after getting loan sanction ? letter?
Hi Ranjit! If you are approaching the bank on your own, you won't be able to start the education loan process, As the banks require a sanction letter to initiate the process. But with WeMakeScholars has special arrangements with the banks to initiate the process. We can help you change the university name in the sanction letter as well. However, which country & university you are planning to pursue?
We also suggest you speak with our Financial Officer to understand the education loan process better. Connect with us via: bit.ly/48cTdcR
My financial officer don't pickup my call .. yesterday I will the disbursement and had many doubts but the guy didn't pickup my call. It has been many days he is ignoring
Hi Gaurav, Bhavya will speak to you tomorrow despite of it being a holiday as your concern seems urgent.
@@WeMakeScholars Tysm ... As they were explaining all the details and I was not aware of that . So need to confirm from financial officer. Tysm for your assistance.
I have applied for education loan in sbi but it has been 5 months there is no disbursement of amount just the mangaer says i will do it tomorrow 100 per cent and the tomorrow never comes.In such situation what should be done?
Hi, Chanchal! That is why it is better to apply via WeMakeScholars so such issues do not occur. We would suggest you fill up the application form on this link: sbieducationloan.co.in/ The loan team team will get back to you to guide you further.
Mam I got educational loan saction letter and I accepted the terms and condition ...I signed on the papers ...till now loan got not disbursed My RM saying that comes comes like that and we are friends 5members. We are applied the same bank ...they all 4 got disbursed ...last 5 days ago now till now my loan got not disbursed😣😟😢
Is there any chances of loan cancel after sanction letter
I need disbursement
Hi Shivakumar, Was your loan sanctioned through WeMakeScholars? if yes, please share your registered E-Mail address.
how does disbursement process work if we take 80% of loan and 20% of own for all the expenses(i.e. how bank pays tuition each semester in case of 80-20 scale)
Hi, Navya! For each disbursement, the bank will give 80% and you will have to pay 20%. You may either pay the margin amount to the university directly and show the receipt to the bank or deposit it in the bank so that the bank can transfer the entire amount to the university. 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 we also reimburse Visa fees and SEVIS charges as miscellaneous from our loan account by providing the appropriate receipts?
Hi, Atherva! No, these expenses cannot be included in the education loan. 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 ma'am, for disbursement of the university fee, is a demand required from the university? Bank of Baroda is asking for the same.
Hi, Jayesh! Yes, you will have to submit a demand letter from the university stating the fee structure.
Kya laptop quotation dene ke bd directly mere account pe paisa transfer hoga?
Hi Manjit! The amount will be reimbursed into your account if you have made the payment in the shop and show the proper bill to the bank.
Can you tell me how money is reimbursement to students savings account. As I paid around 75 percent of tution fee before sanctioning of education loan
Hi! You can get the amount reimbursed by the bank on producing proof of fee payment. 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.
If for example I arranged one semester fees and doesnt want loan for the sem.. Can i skip one sem disbursement and ask again for next sem?
Hi, Ammar! Yes, you can do that. 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
Hai, i got admission in 1 Australian university and i paid the Initial depsoit fee. But my bank is not disbursing the loan amount as my loan sanctioned already. They said after getting visa only they will disburse the amount.
Hi Sheeza! Each scholarship has different requirements. We list all the eligibility criteria of a particular scholarship on the website, so please go through it, and then you will have a better idea. Good luck!
my bank is not ready to disburse the tution fee amount from third paty....can u help to figure out that how can i ask them to disburse it through flywire?
Hi Paras, Please speak to your WeMakeScholars Financial Officer. They will speak to the concerned bank official and will refer to the official circular for the same. We will make sure your disbursement is done the same day.
Hai madam. I have a question. My sbi education loan got sanctioned in may. But I paid my first semester fees from my hand.i have the receipt in my hand. So, when I asked for the reimbursement, they told me that I need to submit visa for reimbursement. Do we really need to show visa to bank to reimburse paid fees? Please answer
Hi Adarsh, Don't worry.
Pls share your sanction letter with our team and we will speak with the Manager and do the needful. Pls email your sanction letter to hello@wemakescholars.com
Can i use loan amount disbursed for personal use or can co applicant use it for any purpose
Bcz its mentioned in the sanction letter that only applicant can use it
In credilla
Plz revert
Hi Deepika! The funds which has been sanctioned are meant to be used for educational purpose and not to bare personal expenses.
I have a doubt regarding rembursment of already paid fees. does Rembursment will get only after visa approval?
Hi, Akshaya! Yes, you will need visa approval. 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
Please tell me What is hold disbursement and reasons why
Hi Vinay! Usually, some embassy asks for proof of funds before applying for a visa for that some private lenders will transfer the amount and put a hold on that amount so that you won't use the amount, and then later on after getting the visa they will disburse the amount. 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
week ago I submitted my details...there is no callback...can u solve this issue please
Hello Suraj, our loan officer Krishna Kumar tried contacting you on 1st of November at 4:05 pm. There was no answer from your end. He even reached out to you on email, whatsapp and sms. Please check and get back to him. Thanks!
Krishna just tried reaching out to you, but there is no response again. Please revert :)
By when do a student have to disburse the first disbursement after his/her education loan is sanctioned?
Hi, Chauhan! You would have to take your first disbursement within 6 months once you receive the sanction letter. This could be an amount as small as a thousand rupees. 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 for your reply. Yes, I'm in touch with them.
Is the disbursal of the loan can be done before visa process to pay the fees?
Hi, Kiran deep! Yes, pre-visa disbursement is possible for countries where it is mandatory. However, the banks may give you a tough time if you approach them directly. It is better to apply via WeMakeScholars to avoid this. 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.
It is mentioned as sanctioned before 20 days but when will get disbursed I need to pay my college fee
Hi Deepthi, the loan can be disbursed immediately once all formalities are done.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
Mam,my education loan has approved or sanctioned can a government guarantor required for disbursement process or not...
Hi, Prasanjit! Sorry, we didn't get you. Can you please elaborate?