How to Save Money After Taking an Education Loan? | Ep 17

Most of the students assume that once they get the lender who grants them loan on the lower interest rates with lesser processing fee is a good deal but it’s just a pre-phase. There’s more to it which comes into light like the disbursement, repayment process etc.

This video is specifically for those who want to save their money after the education loan sanction. Yes, you read it right. You can save on money by following the tips mentioned in the video. So don’t forget to stay tuned and watch the video till the end to gain deeper insights on the subject. With that, here’s a quick overview of what’s in the video.

The following topics are elaborated in this episode👇


Introduction
Tax Collection at source (TCS) on foreign remittance
Tax rebate on education loans under section 80E
Transfer your loan for lower ROI
Repay early with clear understanding of pre-closure and part-payment
Conclusion

The motive behind our effort is to empower students and their guardians to help them make an informed decision while taking an education loan.

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Here is a list of our must-watch from Loanfix Season 2. The titles of our previous episodes in this series and their links are as follows:

📍 USD vs INR Education Loan, Which is expensive? Prodigy Finance vs Indian Bank
   • Education loan from USD lenders vs In...  


📍 How are Collaterals valued for an Education Loan?
   • How are Collaterals valued for an Edu...  


📍 How to accurately calculate EMI for education loan?
   • How to accurately calculate EMI for e...  


📍 How the New Tax on Foreign Remittance affects your Education Loan? All you need to know
   • How the New Tax on Foreign Remittance...  


📍 Education Loan Transfer: How to transfer it for a better Rate of Interest?
   • Education Loan Transfer: How to trans...  


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Since the first episode in 2018, the LoanFlix series has now become the most comprehensive web series on YouTube on the abroad education loan process. LoanFlix season 2 brings you deeper insights into the topics related to the Abroad Education Loans space.

If you are planning to start your education loan process whether in India or abroad and funds are the concern, You can start your education loan process, by requesting us a callback https://www.wemakescholars.com/study-...

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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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.

🔶LoanFlix Season 1
   • Loanflix: The most comprehensive Web-...  

🔶LoanFlix Season 2
   • Loanflix Season 2  

🔶LoanFlix Inshorts
   • Loanflix InShorts- Answering every ni...  

🔶LoanFlix in Hindi
   • Loanflix in Hindi  

🔶LoanFlix in Tamil
   • Loanflix in Tamil  

🔶LoanFlix in Telugu
   • Loanflix in Telugu  

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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 "Top Women in Tech" by The Asian Entrepreneur. She has also been awarded as the winner of 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 Sreeman Reddy
👉Designs - Malieka Muzaffar

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🎈Contact us at [email protected]

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