Event Description
Hi!
Welcome to the 4th episode of our web-series titled “Loanflix- Documents for Education Loan”.
This episode will answer all the major FAQs surrounding education loan documents
In this episode, we discuss the list of documents required for a secured education loan.
Here is an outline of the points covered in this video.
As discussed in our previous video, there are two kinds of collateral- immovable property and liquid securities.
What are the documents required to pledge an immovable property as collateral?
The episode begins with Damini giving the entire list of education loan documents related to collateral security. These education loan documents are extremely essential to the secured education loan process.
What properties are not acceptable?
This part of the episode will give you a complete list of properties which are acceptable by banks in order to grant an abroad education loan.
What are the special documents required in certain states?
There are certain special education loan documents which are to be submitted to banks for a smooth secured education loan procedure. Check out this part of the episode to understand the complete list of these special education loans documents.
Does the list of acceptable properties vary according to different states?
This part of the episode will give you a complete lowdown on the different property requirements laid down by various lenders.
Which documents are acceptable if liquid securities are pledged as collateral?
Fixed Deposit: If a candidate wants to pledge Fixed Deposit as collateral, it is mandatory to open an FD account with the lending bank. With regards to the required document, only FD paper or certificate is to be submitted.
Insurance Policy: Candidates must ensure that it is a maturing policy. Only two documents are required- Policy paper and surrender value certificate.
Gold: If one is using gold as security, one needs to deposit the gold in the bank. A copy of the purchase proofs is the only document required.
Government Bonds: The only document needed is the bond certificate.
We hope that the points discussed here have been useful for you in somewhat clearing your doubts regarding the documents required for education loans. Also, do watch our web-series, Loanflix for a better understanding of the same.
Date And Time
Timezone : (GMT+05:30) Chennai
Location
India
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Speakers
Damini Mahajan
CoFounder & CEO, WeMakeScholars
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.