Education Loan: What You Must Know скачать в хорошем качестве

Education Loan: What You Must Know

We discuss what you must know about education loan before you opt for one. FundooMoney Website: www.fundoomoney.com Subscribe:    / @fundoomoney   Visit YouTube channel:    / fundoomoney   Share Video:    • Education Loan: What You Must Know   1. Watch video "7 Things To Keep In Mind Before Taking An Education Loan"    • 7 Things To Keep In Mind Before Taking An ...   2. Watch video "4 Steps To Get The Right Education Loan l Get The Best Student Loan"    • 4 Steps To Get The Right Education Loan l ...   3. Watch video “Get Education Loan For Studies Abroad: Student Loan For Abroad Studies”    • Get Education Loan For Studies Abroad: Stu...   4. Watch video “Tax Savings From Education Loan l Tax Benefits From Study Loan”    • Tax Savings From Education Loan l Tax Bene...   5. Watch videos on education loan in playlist "Education Loan"    • Education Loan   Edited Highlights 00:00 Chapter 1 Introduction 00:08 We discuss the important things to keep in mind when you take an education loan 00:18 This means education loan interest rates, loan term other charges collateral and co-borrower requirements besides coverage 1:07 We discuss the important aspects of education loan or study loan or student loan 1:16 Chapter 2 How Education Loans Help 1:17 Such loans help you finance your higher education 1:23 They supplement savings from higher education 1:31 Education loan repayment happens from higher income on finishing the course or programme 1:57 Chapter 3 Key Things to Check Out in Education Loans 2:34 Determine the required amount of education loan 2:55 List the various expense heads 3:16 Look for coverage of important items such as tuition fees, hostel, device and study travel costs 3:27 Cost estimate gives you a sense of the education loan amount 3:52 Domestic education loan up to Rs 20-30 lakh 4:01 Rs 30 lakh education loan likely to be for prestigious institutions like IITs and IIMs 4:08 Education loans upto Rs 80 lakh for studies abroad 4:18 Public sector banks typically provide loans at lower interest rate 4:30 Maximum loan amount will be lower than private sector banks 4:34 Private banks charge higher interest rates but have higher maximum loan amounts 4:39 Concessional rates and special schemes for applicants, courses and institutions 4:44 Vocational and Non-Vocational courses have different interest rates 4:47 Concessional rates for meritorious students 4:57 Possibly lower interest rates for female students 5:22 Determine the required education loan term 5:28 Maximum loan term can go up to 15 years 5:37 Processing charge 1.0-2.5% of loan amount 5:43 There could be a prepayment penalty 5:54 There could be a late EMI payment charge 6:14 Moratorium and collateral requirement are equally important 6:25 Collateral requirements will typically be for bigger sized loans 6:45 Financial asset like life insurance policy may be required to serve as collateral 7:08 Parent and relatives may be required to be co-borrowers for the loan 7:14 Co-borrower needs to have a good credit score 7:27 Moratorium is the period when you don’t have to repay the loan 7:35 Repayment commences after the period is over 7:40 Typically one year after course completion or within six months of starting a job 8:17 Check out the cost items and courses the education loan covers 8:47 Estimate the time for loan processing since this may take time 9:26 It might be even more for overseas education 9:59 Ensure loan papers are in order for timely loan processing 10:16 Consider education loan pre-approval to speed up the process FundooMoney Useful Links Facebook:   / fundoomoney   Instagram:   / fundoomoney   Pinterest:   / fundoomoney   Twitter:   / fundoomoney   SoundCloud: soundcloud.com/fundoomoney SlideShare: www.slideshare.net/FundooMoneyWorld LinkedIn:   / fundoomoney