Welcome to the viewing of episode 18 of Loanflix Inshorts. This episode will focus on the topic of education loan disbursement process of various lenders in India.
Loanflix InShorts is a series of really small duration, three-minute episodes which cover some of the niche topics of the abroad education loan process. The major aim behind introducing Loanflix InShorts is to provide knowledge of the education loan process at a deeper level, thus enabling you to have a hassle-free experience.
An education loan disbursement basically refers to the final phase of the abroad student loan process. The term, ‘Disbursement’, refers to the transfer of the education loan from the lender to the borrower. However, in India, the loan disbursement process of different lenders is carried out in different ways. This episode of Loanflix Inshorts aims to enlighten you with the various stages involved in the education loan disbursement process.
Education Loan Disbursement Process of Government Banks
Did you know that an education loan sanction does not indicate that students can immediately begin using their funds? They are required to undertake certain steps before the education loan amount can be disbursed. Get to know all about an education loan disbursement letter, the education loan disbursement time, etc. of a typical abroad education loan by watching the beginning of the episode.
Education Loan Disbursement Process - Tuition Fee Disbursement
A lot of students are confused about how banks transfer their tuition fees. Do applicants have to submit a disbursement letter to their lending institution? Do government banks transfer the tuition fee directly? What is the procedure for application for disbursement of education loan in government banks? How do banks allot a disbursement date? Get to know all about it in this part of the episode.
Education Loan Disbursement Process - How Do NBFCs Disburse Loan Amounts?
In the final, concluding part of this 18th episode, Damini explains how NBFCs (Non-Banking Finance Companies) conduct the disbursement of education loan in case of unsecured education loans.
Date And Time
Timezone : (GMT+05:30) Chennai
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Damini is the Cofounder & CEO of WeMakeScholars.com. It’s a BITS start up supported and funded under the IT Ministry, Govt. of India. The organisation’s motive is to offer unbiased collateral/non-collateral based education loan support to students who are planning for studying abroad. As this initiative is under the digital India campaign, it's at free of cost. WMS works with 14+ banks (public/pvt) in India and help you get the best edu loan matching your profile.
Prior to launching WeMakeScholars, Damini had done her masters from the University of Sheffield, UK. Her education was funded under the Developing Solutions Masters Scholarship which covered her full tuition fee ($ 38,000). Damini is also a gold medalist in her Bachelors and also won the outstanding student award from the Vice president of India.
She was the speaker at TiECon 2016 at Silicon valley, San Francisco in the social entrepreneurship segment. She was also covered in the Asian Entrepreneur magazine in the “Women on Top in Tech”, a global series of Women Founders, CEOs & Leaders in Tech.