Education Loan WITHOUT Security? | The ULTIMATE Guide for Students (2024) | EASY Approval! ✅

[@ReshabhCanada]

Grab your EDUCATION LOAN CHECKLIST: www.lifeabroad.in/resources

[@ayushisaini795]

I want to take a loan of 7.5 lakhs suggest me from which bank I apply and what are the documents properly need ?

[@ReshabhCanada]

I strongly suggest you consider government banks for a loan amount of 7.5 lakhs, as this is the maximum amount provided by government banks without requiring collateral. I recently noticed that there are government schemes available for female candidates, which offer lower rates of interest and subsidies. You can explore the 'Vidya Lakshmi' and 'Jan Samarth' portals provided by the government. On the other hand, I have been sharing my experience with HDFC Credila (now simply called Credila). I've noticed that they tend to raise interest rates even when there has been no change in the repo rate, and no other bank has increased their interest rates this year. Therefore, I recommend keeping Credila as a *LAST* option. If you need information about the documents required for education loans, I would be happy to share that in a video if you say so. ✌🏻

[@ayushisaini795]

In Vidya Laxmi loan which bank I prefer actually credilla is not found in the list of Vidya laxmi

[@ayushisaini795]

And I also want to know that the amount are directly given to me by bank or bank self paying to the particular university or colleges?

[@ReshabhCanada]

Hi Ayushi, In education loan, bank mostly transfer the amount directly to the university or colleges.

[@ayushisaini795]

​@@ReshabhCanadaThanks

[@rajarajak2666]

Sir hostel fees and mess fee personal expenses ke liye loan lena ho to kon sa loan le ki paise college ko nhi mujhe mile?

[@ReshabhCanada]

Hello Raj, I think 2 options hai, pehla ki education loan lete time hi loan amount ke sath 'personal expenses' option me bhi mention kr do. Usme college ki fees, college ke pass chali jayegi or baki hostel fees and personal expenses alag se disburse krane ka option milta hai, jisme ki amount aap apne pass bhi le sakte ho (depending from bank to bank). Ager by chance apne loan krwa liya or personal expense nahi krwaya, to ghabrane ki koyi baat nahi hai, apne jis jagha se loan liya hai, unse loan ka amount bhi badwa ker usme personal expense add krwa sakte hai. Baki option 2, personal loan ho sakta hai.

[@ParagSakhare]

Bhai kitne din Lage milno ko ,aur kis bank se

[@worldwide12345]

Hostel fees are also included in education loan and how they make payments, directly to the hostel or they transfer to applicant a/c? And what if I change my hostel in mid?

[@ReshabhCanada]

Great questions! Typically, education loans cover hostel fees, and the payments can either go directly to the hostel or be transferred to your account, depending on the loan policy. If you change hostels mid-way, just check with your lender for the best way to manage that!

[@LovepreetSingh-ng5um]

Bro my agent alredy pay fees for me so now i have to pay money to my agent so in this situation bank will give me loan?

[@ReshabhCanada]

In that case, you might want to check with your bank about their loan options. They can provide the best guidance based on your situation.

[@bdeditz2.o]

Sir koi tarika hai kya personal loan ka mujhe 60000 tak ka loan chhaiye sara bank dekh liya koi nhi de rha mere pass salary slip or bank statement nhi hai mai jaha job karta hu waha pe cash me paisa milta hai please sir help kardo bhut jyda jarurt hai medical emergency hai

[@venomsss2577]

Salary slip milti h cash salary me bhi

[@bdeditz2.o]

@@venomsss2577 nhi

[@ReshabhCanada]

Hello, yeh case ki possibility ko better koyi agent hi bata sakta hai, kiuki loan ke liye income proof to mandatory rehta hai

[@Royalstar-qg8qs]

Sir bychance agar 30 lakhs ka education loan lene ke baad mera accident ho jata hai or meri death ☠️ ho jati hai To kya hoga

[@ReshabhCanada]

Whoa, that’s a heavy thought! Let’s just focus on getting that degree and living life to the fullest, yeah? Stay safe out there!

[@ReshabhCanada]

It depends on which bank you have taken the loan from, what type of insurance policy you have opted for at the time of loan sanction, and its duration. In most cases, the loan burden will fall upon the co-applicant's shoulders.

[@Royalstar-qg8qs]

@@ReshabhCanada I am going to take loan for iim indore ipm program and for iim there is no any co borrower or collateral In that case what happen

[@ReshabhCanada]

Are you being offered a loan without needing a co-borrower or collateral?

[@Royalstar-qg8qs]

@@ReshabhCanada because this is iim