Disbursement of Education Loan - Process and Time for Govt. banks, Private banks and NBFCs
ฝัง
- เผยแพร่เมื่อ 14 ก.ค. 2024
- Learn about disbursement of education loans, including steps to access funds, tuition fees, accommodation, and flight tickets. Discover how banks handle reimbursements and what to do if your university rejects Indian lenders’ loans.
The following are the timestamps from this episode 👇
00:00 - Teaser
00:53 - Introduction
01:44 - Paperwork between sanction and disbursement
03:59 - Disbursement for Tuition fees
04:45 - University not accepting the loan
05:30 - Disbursement for Living expenses
06:29 - Pre-visa disbursement
07:50 - Reimbursement and its timeline
08:33 - Post-sanction team
09:39 - Conclusion
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Request a callback by clicking the link below-
👉www.wemakescholars.com/educat...
Or call us at -988 988 20 90
Our team of financial officers assists you with your entire education loan process until sanction, disbursement, and beyond. All the services offered by WeMakeScholars are free of cost as this initiative is supported by the IT Ministry, Govt. of India.
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Here is a list of our must-watch from the Loanflix series
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Since the first episode in 2018, the LoanFlix series has now become the most comprehensive web series on TH-cam on the abroad education loan process. LoanFlix season 2 brings you deeper insights into the topics related to the Abroad Education Loans space.
We've also covered practically every aspect of an abroad education loan in our LoanFlix series, which you can find below. So do watch the entire series if you want to know everything about education loans for abroad studies.
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About the Presenter - Damini Mahajan is a visionary entrepreneur and co-founder of WeMakeScholars.com, an education finance start-up for international education. Damini has been mentioned as a "Top Women in Tech" by The Asian Entrepreneur. She has also been awarded as the winner of the Silicon Valley Challenge by Action for India 2016 and was in the Top 75 start-ups in Power of ideas by Economic Times at IIM Ahmedabad.
👉Script editor- Arjun R Krishna
👉Shot, Edited & Directed by Ravi Singh
👉Designs - Ravi Singh
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#studyabroad #educationloan #disbursement
Hi, sbi education loan for Canada has sanctioned but in the airfare they only shown 98k and insurance no , when i asked your wemakescholar officer and sbi sanction officer both are telling they can only give 1 Lakh for travel but in my case the flight ticket will around 1.30 Lakh and also i need to take a insurance which is clearly mentioned in my offer letter which cost around 45k total i need 1.75 lakh, please tell any way they can more than 1 lakh for flight ticket and insurance
Hi, Kindly write a mail to hello@wemakescholars regarding your issues. Please mention your registered email and phone number in the mail. Our team will promptly get back to you and assist with your concerns
Mam meri fee and gic bank ne pay kr di thi and ab visa bhi aa gya hai. Toh kya hme travel expenses and shopping ke liye rest amount pehle hi mil skti hai ? Hum bills submit ni krwa skte and na hi hmare pass pehle khud shopping krne ke liye funds hai. Pls response. Pls pls pls
Hi Gurdarshan! The funds may be disbursed if the shopping is for educational materials like books, but they cannot be disbursed for other purposes, but your travel expenses can be disbursed. If you have processed your education loan via WeMakeScholars please contact your financial officer or write to hello@wemakescholars.com
if i am taking an ed loan of 30 lakhs for ms in canada...can i ask my first disbursement to be 27-28 lakhs ? is there any cap on first disbursement...I am planning to take ed loan from an nbfc for fall '25 intake..
Hi Gaurav, As you’re opting for NBFC’s, you can take your entire disbursement at one go. To get the best loan deal out of all NBFC’s, request a callback at bit.ly/48cTdcR. Our team will get in touch with you soon.
Does australia accept non collateral loan? As you have mentioned it in one of your video
Hey! Non-collateral loans from NBFCs are not accepted, but from other banks they are. Our team will help you determine your eligibility in 15+ public and private banks and help get best education loan which suits your profile. To get assistance request call back on the link: bit.ly/48cTdcR
hi, i have took sbi global educational loan through wemakescholars for Canada sept 2024 intake , on last Friday it got sectioned, i want to know is it necessary to take travel card from sbi the staff is telling it is mandatory
Hey! It is mandatory to take the foreign travel card, offered by SBI. I hope you’ve understood. If you have further queries, Kindly write a mail to : hello@wemakescholars.com.
Our dedicated team will provide you the necessary assistance.
@@WeMakeScholars If one of my parent's civil scores Is bad can my first cousin be my co-applicant or guarantor? if yes then what is the procedure for taking the loan from SBI Bank.....please I need help. also, I want to take the money for my computer upgrade.
Hey! Kindly be aware that, your parents must be included as primary co-applicants in the loan process. We can help you get an education loan with a CIBIL as low as 591. Request a request a callback at bit.ly/48cTdcR. Our team will get back to you shortly.
Mam ye btaiye loan lene ke baad byaaj kab se lagna start hogi collage time se hee ya college khatam hone ke baad ?
Hi, please note that the interest is charged from the beginning of your course. If you've taken a loan from public bank, it is optional for you to pay simple interest. However, for private banks & NBFCs it is mandatory to pay either full simple interest or partial simple interest depending on the bank. We highly suggest you to watch this video: th-cam.com/video/B8AhwCjhUNs/w-d-xo.html for your better understanding.
To know more about the interest terms of education loan, request a callback at bit.ly/48cTdcR. A dedicated financial officer will get back to you soon.
I am not able to find Canada Country Code for phone number and OTP while signing up or connecting with an agent please let me know where should I contact
Hi Karanveer, please note that we only provide education loan support to Indian citizens. If you’re an Indian citizen residing abroad, kindly write an e-mail to hello@wemakescholars.com mentioning your phone number, email, intake, and the Indian state from where you belong. Our team will get back to you as soon as possible.
Mam gujarat me privet college me mbbs ke liye milega loan for opan category and wemekscholar se keje jud sakta hu me in India
Hello, we can definitely help you in securing an education loan for your MBBS course in India. We are partners of 15+ public and private banks. Feel free to speak with our financial officer as he will assist you in getting the best educati0on loan deal in the market. You can reach out to us by requesting a callback at bit.ly/48cTdcR. One of our financial officers will get back to you shortly.
I want to take SBI loan for 30Lakhs for pursuing Mbbs. I want to know the interest rate. And please suggest other bank for lowest interest rate.
Hey! We can definitely help you to secure an education loan for your MBBS studies. We’re empanelled with 15+ public and private banks, increasing your chances of getting the loan. Additionally, we don’t charge any service fees. Speak with our team as they suggest you the suitable bank offering you the best deal. Simply request a callback at bit.ly/48cTdcR . Our loan team will get back to you shortly.
@@WeMakeScholars it's showing sorry for the convenience we are not accepting any new application at the moment
Hi Roshini, Kindly write a mail to hello@wemakescholars.com. In the mail, Please mention your phone number. Our team will definitely respond to you back. For follow-up, contact us by phone at 9393344424.
Hii mam
I want to open my GIC account by loan amount is it possible to get loan in personal account? If not then how can i get fund for GIC from loan amount?
Hi Ayushi, we can help you in the pre-visa disbursement. We can talk to the bank to wire transfer your living expenses to your GIC account. For tuition fees, we can talk to bank to wire transfer to the university. Some of our partnered lenders provide the facility to disburse the loan amount to your personal account. Feel free to speak with our team and get to know the best education loan deal, matching your profile. Request a callback at bit.ly/48cTdcR. Our team will get in touch with you soon.
Hello,
I am looking for education loan My admission is confirmed and I have the admission letter. However, my 12th score is 45%. I applied for a loan through the Jansamarth portal, and SBI's eligibility criteria don't mention 12th grade marks. Management quota students are also eligible. Can I avail this loan, and will it be sanctioned?
Hi, generally banks don’t accept applications from students if their grade marks are below 50%. However, if you can provide proper justification regarding the marks you’ve obtained, then we can definitely assist you in getting the loan by taking deviation. As we don’t know the exact reason, we can’t assess. Please request a callback at bit.ly/48cTdcR. Our team will get back to you shortly and provide necessary guidance.
Ma'am I'm from ST category, will CSIS subsidy be applicable for MA Philosophy in DU/BHU/HCU/PU/IGNTU/NEHU or any central universities? Or is it only for science stream and not for MA?
Hi, Unfortunately this scheme is not applicable for MA Philosophy. CSIS is only applicable for professional and technical courses. But don't worry. We can help you in securing the education loan for your MA studies. We do not charge any service charges as we’re funded by Government of India, Ministry of IT and come under the digital India campaign. Kindly request a callback at bit.ly/48cTdcR. Our loan team will get back to you shortly.
@WeMakeScholars
Thank you so much for your confirmation ma'am as sometimes they're blurry and it's hard to get reliable information easily like you did. I hope many people like us couldn't thank you enough for your easy to understand simple rich content which is rare and hope WMS expands readily within its pace and quality! Many people don't know education loan ever exist!
Ma'am I looked up to your site for a try and it says my location (City: Imphal East 795005, State: Manipur) is not taking any new applicants due to high traffic for quality service. Is there any hope for this year from northeast or any other reliable portals?
And lastly is there live customer chat service too in WMS as I can articulate my doubts and queries more precise throuh typing than verbal? Thanks
Hey! Dont worry, Write an e-mail to hello@wemakescholars.com mentioning your phone number and email. Kindly state your concern in the mail. Our team will definitely get back to you. You can even contact us by phone at : 9393344424 .
@@WeMakeScholars Ma'am just one suggestion for our community.. While sending query through the WMS 'contact us' portal please and please add a short confirmation notice line saying 'your msg has been sent' so you don't get multiple messages from us from our confusion 🙂
Please make video on
Can I get non collateral education loan for indigo cadet pilot program in India with the help of indigo LOI?
Hey! Thanks for your valuable suggestion we will definitely try to work on it. However, we’ve already made a video on how to get an education loan for aviation course, here is the link: th-cam.com/video/1kuSNvsaldc/w-d-xo.html additionally you can talk to our financial officer regarding your Indigo cadet pilot program loan and get the necessary guidance on it. Kindly request a callback at bit.ly/48cTdcR. A dedicated financial officer will get back to you soon.
Mam i have already talked to Mr. Shree pathak but your team is not responding yet please do something
Same..I have also speaked to shree Pathak.. but not responding correctly..
Hi, Due to the high volume of applications, your financial officer might be busy. We assure you that your financial officer will get back to you soon. In the meantime, could you kindly give me your name, phone number, and email address that you registered with?
Hi, Your financial officer might be a bit busy, but we assure you that he'll get back to you ASAP. In the meantime, could you kindly give me your name, phone number, and email address that you registered with?
Can i connect you soon as i have to take mbbs loan for private medical college upto 80 lakhs i have filled my form but didn't recieved any callback help please
Hi Ayushi, We will definitely try to help you get an education loan for your MBBS studies. We assure you that we will call each and every student. It takes us up to 48 hours to respond to you. Your patience is highly appreciated. For follow-up, you can contact us by phone at 9393344424 or email us at hello@wemakescholars.com.
@@WeMakeScholars please try to contact soon I am waiting since so long
Hi Ayushi, Please be patient. We will definitely call you. As there are high volume of applications, it is taking longer than expected to respond back. For follow-up, you can contact us by phone at 9393344424 or email us at hello@wemakescholars.com.
Tried calling...No one is picked up and link also i have requested to call back...No response.. help on this
Hi Ajith, we assure that we’ll call each and every student. Due to high volume of applications, it is taking longer than expected to respond back. Your patience is highly appreciated. You can even mail us at hello@wemakescholars.com stating your concern. Please mention your phone number in the mail. Our team will get back to you as soon as possible.
Can I show my Father’s GPF balance as proof of fund to UKVI for student visa?
Hey! Provident funds cannot be shown as proof of funds. This is because these funds cannot be used before your father’s retirement. Only in emergency circumstances funds are issued that too with a limit. However, if you’ve other liquid securities like: FD, LIC term insurance & Government bonds then you can show them as proof of funds. To learn more about assets that qualifies as proof of funds and can be included as collateral, request a callback at bit.ly/48cTdcR . Our loan team will get in touch with you soon.
IELTS score really helps you getting education loan ? .
Hi Mohit, Embassies and universities require language tests in order to assess a student's proficiency in the language. However, Banks don’t give education loans based on language tests like IELTS.
But, if your university has a condition of getting a good band in IELTS then banks will not sanction your loan until you clear the condition. In this case, IELTS score is helping you to get an education loan. For complete guidance, request a callback at bit.ly/48cTdcR . Our loan team will get back to you soon.
will sbi give pre visa disbursement for italy. as its embassy asks for it?
Hi, generally public banks are reluctant towards Pre-visa Disbursement. However, if you process your loan through Wemakescholars, we can assist you in securing pre-visa disbursement. If you face any issues, simply reach out to us. We'll help by directly addressing your concerns with the bank officials and get it solved. Moreover, we do not charge any service charges as we’re funded by the Government of India, Ministry of IT and come under the Digital India campaign. Feel free to request a callback at bit.ly/48cTdcR. A dedicated financial officer will get back to you shortly.
Hey! I am also searching forbank who can disburse pre visa, please let me know if you succeed.
Hey! we can definitely help you with your Pre-visa disbursement. We can talk to banks officials and get it done. Simply request a callback at bit.ly/48cTdcR. A dedicated financial officer will get back to you shortly.
I applied for 12L edu.Loan from HDFC credila , will i am eligible for CSIS scheme { does HDFC credila provide csis scheme } or i have to look for public sector bank
Hi Ankush, Only scheduled banks are eligible for the CSIS scheme. NBFCs do not fall under scheduled banks. Also, please note that the CSIS scheme is not applicable for studying abroad. Some of our partnered banks are listed under the scheduled banks. We can assist you in securing the loan from a scheduled bank so that you can avail the subsidy. Request a callback at bit.ly/48cTdcR. Our team will contact you shortly.
I am going to study in India not abroad, in eng. Field and I want 10-12L collateral free loan under csis scheme, i belong to SC category and family income is 3LPA.
I registered on we make scholar's but i haven't received call in last 24 hrs
Hey! It usually takes us up to 48hr to respond back to you. Your patience is appreciated. For any follow-up, contact us by phone at 9393344424 or email us at: hello@wemakescholars.com
I am looking for an education loan for an MTech course in IIIT Bangalore. I have applied for this college and will surely get the offer letter by 20th June. But post the offer letter issuance, I need to pay the first semester fees total of 3.2 lakhs on or before 23rd June.
Is there a way you can help me get through the complete process before 20th and upload the offer letter at the earliest I receive from college?
In this way, I can get the money of first semester and pay the same to the college.
Requesting your help.
The problem is they can't proceed with the loan process without offer letter. Happened with me too, they told me to arrange it on my own at first and then I'll be reimbursed with the amount. You gotta arrange it on your own at first cause it takes around 10-15 days after offer letter arrival for the loan to be sanctioned. (I didn't continue with wemakescholars for the remaining of my loan process though)
@@Anony98110 Ok, as per what you have mentioned I understood that we need to arrange the money of first semester on our own and then bank will reimburse this amount.
Btw from which bank did you apply for the loan? And what's your loan amount and rate of interest?
@@karthiktalakokkula2537did you get the loan ...i m also applying for mtech this year and need loan for 1st semester ...also can i connect with you for future queries
Hi Karthik, we can start the loan process, as you’ve applied to the university. Kindly note that, your loan will be sanctioned by banks only if you receive the admit letter from the university. You can initially pay for your first semester fees using your own funds and we can help you get the reimbursements added to your education loan.
We can certainly assist you in getting your loan for your MTech course.. We increase your odds of getting an education loan, as we’ve partnered up with 15 + public and private banks. Kindly speak with our team by requesting a callback at bit.ly/48cTdcR. Our loan team will get back to you soon.
Sir muje government medical college me management quota ke liye 45 lac tk ka loan chahiye without collateral.contect me
Hi, it is very challenging to get an unsecured loan for any UG program. Banks will be requiring either collateral or financially strong co-applicant. If you are meeting the aforementioned criteria, we can definitely give it a try. Request a callback at bit.ly/48cTdcR . Our loan team will get back to you shortly.
Mam, co applicant is farmar how to fill employment details
Hi, please select the option ‘others’. For further queries kindly request a callback at bit.ly/48cTdcR. Our loan team will
get back to you shortly and help with your query.
I have been told directly that I'm not eligible for the loan since I'm an NRI by wemakescholars
Hey! Kindly note that If you’re involving an NRI as a co-applicant, banks need the NRI to have:
1) an NRE Account
2) Maintained a minimum remittance of 60,000 per month for at least 6 months in the NRE account.
3) To grant Power of Attorney to one of the following: parents, siblings, spouse, or parents-in-law.
It's possible that your co-applicant isn't meeting any one these requirements, which is why our team informed you of your ineligibility. For further queries, drop us a mail at hello@wemakescholars.com regarding your concern. In the mail please mention your registered phone number and email id. Our team will get back to you as soon as possible.
Is HSBC account necessary in credila ?
Yes mandatory for all NBFC Banks
Yes! It is mandatory. Credila and other such NBFCs have tied up with HSBC bank to open the Loan account. I hope you’ve understood. We’ve partnered up with 15+ public and private lenders . If you need an education loan from NBFC’s, we can help you. Request a callback at bit.ly/48cTdcR. Our financial officer will get back to you shortly.
Mam, for study of MBBS in india maximum how much amount will get Bank loan
Without colaterol
Hi, your education loan covers the tuition fees, Living expenses and other expenses. I hope you’ve understood
Mene 12th pass kiya hai Italy jana chhata hu mujhe Lone mel sakta hai please help me
Hey! We can certainly help you in getting an education loan for your bachelors’ studies in Italy. We increase your chances of getting the loan as we’re empanelled with 15+ public and private banks. Our financial officer can suggest you the best suitable bank based on your profile. Simply request a callback at bit.ly/48cTdcR. A dedicated financial officer will get back to you shortly.
Education loan pe jo interest lgta ho monthly hota h ha yearly
monthly
Hey! The interest on an education loan is evaluated on a yearly basis. E.g.: If the bank is offering 20 lakhs loan @12 % interest, that means interest of 12% is charged annually until the loan repayment. By dividing annual interest with the total number of months i.e 12, your EMI’s are calculated. Here is the EMI calculator, visit bit.ly/3PPCwvV. Just input your values and know your EMI.
For a better understanding of the interest rate terms, request a callback at bit.ly/48cTdcR. Our loan team will get back to you shortly and provide the necessary assistance in your education loan process.
Mam i wanna be work with u as a Direct Selling Agent. Plz
Hey! You can send your CV to hr@wemakescholars.com.
Mam, for my daughter MBBS ug admission in west Bengal KPC , I want take loan Rs 45 lac from SBI. Pl guide me how it is possible ?
Hi Sushant, we can help you in getting a collateralized loan for your daughter’s MBBS course. There may be other banks offering you better deals than SBI. We’ve partnered with 15+ public and private banks including SBI. Speak with our financial officer to know the best education loan deal suitable for your profile. Kindly request a callback at bit.ly/48cTdcR. A dedicated financial officer will get back to you shortly.
मुझे पूछना है कि एचडीएफसी बैंक से 20 लाख का लोन लिया है जिसकी मी 32000 कुछ है क्या मैं आईएस 50000 महीने जमा कर सकता हूं पेनल्टी नहीं लगेगी या लगेगी कृपया बताने की मदद करें
Hi, there won’t be any penalty charges if you’re paying more than the EMI. For complete guidance on your concern, request a callback at bit.ly/48cTdcR. A dedicated financial officer will get back to you shortly.
Sorry to say but your team doesn't answer my call
Hi, we’re sorry that your experience with us was not as good as it should’ve been. . Kindly write a mail to hello@wemakescholars.com regarding the issues which you’ve encountered. You can also contact us by phone at 9393344424. We will look into it for sure.
@@WeMakeScholarshi Damini mam. I have a lot doubts which just you can clear. I want to talk just with you. I want to start to process as soon as possible so that I can secure upcoming intake. Please contact me
Kindly write an email to hello@wemakescholars.com about your concern. Please include your registered email and registered phone number in the mail. We will definitely forward your mail.