Education Loan without Parent’s income or ITR
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- čas přidán 2. 07. 2024
- Are you also wondering whether you can get an education loan without parent’s income or ITR? Do you also get confused between a primary co-applicant and a financial co-applicant?
Then look no further, this video will clear all your doubts regarding the same and will tell you the options and huddles you can face during your education loan journey.
The following are the timestamps from this episode 👇
00:00 - Teaser
00:37 - Introduction
01:59 - Difference between primary co-applicant and financial co-applicant
03:10 - Kind of education loans
04:03 - 2 Scenarios for education loan without co-applicant
05:31 - Credit score of Parents
06:16 - education loan without co-applicant from foreign lenders
07:13 - Conclusion
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Request a callback by clicking the link below-
👉www.wemakescholars.com/educat...
Or call us at -988 988 20 90
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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Here is a list of our must-watch from the Loanflix series
🔶Education loan from USD lenders vs Indian banks. Which is better?
• Education loan from US...
🔶Foreign Education Loan Without Collateral
• From Zero to Hero: You...
🔶Union Bank Education Loan Schemes for Abroad Education
• Union Bank Education L...
🔶Everything you need to know about abroad education loans for 2024
• Don't miss this: Every...
🔶How to apply for an Education Loan for Abroad
• Education Loan Process...
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LinkedIn Reviews: / wemakescholars
Google Reviews: www.google.co.in/search?q=wem...,
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Since the first episode in 2018, the LoanFlix series has now become the most comprehensive web series on CZcams on the abroad education loan process. LoanFlix season 2 brings you deeper insights into the topics related to the Abroad Education Loans space.
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 com...
🔶LoanFlix Season 2
• Loanflix Season 2
🔶Country-wise Education Loan Guides
• Country-wise Education...
🔶Testimonials- WeMakeScholars
• Testimonials- WeMakeSc...
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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 a "Top Women in Tech" by The Asian Entrepreneur. She has also been awarded as the winner of the 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 Ravi Singh
👉Designs - Ravi Singh
Stay connected and follow us on:
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🎈Contact us at hello@wemakescholars.com
Please subscribe to our channel for more informative videos. Also, do like👍 and share’📢 with your friends. Good luck!✌
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#studyabroad #educationloan #unsecuredloan
Hi madam me vibha mummy my daughter got a education loan for studying Masters in USA it is non collateral loan Thanks We Make scholar ❤😊🎉❤
At 3:15 , it is incorrectly mentioned.
Secured loan = With collateral
Unsecured loan = Without collateral
But it was mentioned reverse, Please review.
Sorry for that. It was a slip of tongue. I am glad you pointed it out and others can note it as well.
Can i get education loan for diploma in nautical science from private colleges if my father earn annually 3 lakh and and also has loan on their shop from public bank and didn't not pay till date . And now we want to take education loan
@WeMakeScholars I have been trying to contact the team , regarding my loan as it's already too late to proceed and I have registered more than 4 times. Called the given counselor a number of times, but no one responded till now and I'm in a very critical situation. Please help
Hi mam, i am planning to pursue a two-year pg diploma-SCM program in Cape Breton University - Canada, and i require a loan amount of about 40 lakhs (all expenses included) but due to my parents low cibil- 630, and no property or assests, my non-collateral edu loan application gets rejected, what to do please help mam
Hello Mam !! I need 20lakhs for my ug here in india..is it possible to get this amount without any collateral and if possible then what can be the average interest rate ??
can i use primary co applicant having as my mother with no income and financial co applicant who is not of my family, but a friend? in non collateral loan in india?
Hey Sreeja! Yes, your mother can be your co-applicant but then your friend cannot be your financial co-applicant. Only your Parents/siblings/parent's siblings/first cousins can be your financial co-applicants. If you have any queries, please feel free to connect with our financial officer here: bit.ly/48cTdcR. We will analyze your profile in detail and give you all possible options for your profile within 48 hours. Thank you.
I applied for an education loan in SBI Kerala via WeMakeScholars and submitted all necessary documents, including land-related ones, on 06/04/2024. The legalization process was completed on 12/04/2024. However, my land valuation is still pending. I urgently need to pay my fees by the first week of May, and despite numerous reminders to both your financial officer and bank staff, the valuation remains incomplete. The bank staff mentioned that the evaluator is assigned from RASMECC Malappuram. Please assist in resolving this issue promptly.
Hey! We understand your concern. We are having a discussion with our team. Our team will shortly get back to you. Kindly be patient. Thank you.
Mam non Colletrial loan is acceptable for any music diploma for musician institue in usa? If not then please tell me I'll choose a another course
Hello, It is very challenging to get a Non- collateral loan for diploma courses and undergraduate courses. However, if your co-applicant’s income matches the bank's eligibility criteria, then we can sure give it a try. You can contact us at bit.ly/48cTdcR. Our loan team will get back to you shortly and help with your education loan process
@@WeMakeScholars I can give a collateral of my house. But I can't show my co-applicant .
Hi, your co-applicant must be included in the loan process. It’s a Mandatory requirement for banks.
Hai Madam, My relative family is asking me to security sign and payslip. As you mentioned in the video they must check my credit score. My question is once loan approved the loan account will add to my profile or my loans list. Please reply I'm looking forward for your response
Hi Jagadeesh, If you're participating as a co-applicant in this loan process, the loan will not be added to your profile. I hope this clarifies things.
what about uk? will I get loan without collateral and no income source
Hi, if you meet all of the mentioned criteria of "Scenario 2”, you can obtain an unsecured loan without a strong financial co-applicant. Kindly go through the video., For further queries, Request a callback at bit.ly/48cTdcR Our team will get back to you soon.
Hi, Mohan here. I am not able to get loan for my son's Education in MIT-World Peace University, Pune, India. He has completed 1st Year. Need loan for 2nd Year onwards. Both parents have very poor CIBIL score due to lack of jobs. Let me know if you can help in this case.
My nearest branch SBI is not pass the education loan without security
For me they have denied with collateral too showing issue in properties but there is no issue
Hey Lalith! We are partnered with SBI Bank. Our financial officers will directly talk to the lenders and handle your case. Please connect with our financial officer, we will look into your profile and get back to you within 48 hours: bit.ly/48cTdcR. Thank you.
Hey Radha! Please connect with our financial officer, we will look into your profile and get back to you within 48 hours: bit.ly/48cTdcR. Thank you.
@@WeMakeScholars I got admission letter from German and French university, I have also logged in into we make scholar, has been allotted financial officer but they didn't contacted me since last 3 days. it's urgent please help
hii@WeMakeScholars i want to loan , for higher education in mba so can u help me
Mam maine education loan liya hai but meri ek subject mai supply hai toh bank next year ki fees dega kya ya phele back clear karni hogi?
Hey! Yes, you can start with your loan application process and even get it sanctioned with a backlog but then the chances of disbursement are less. You cannot have a conditional offer letter based on academic criteria. You can share your profile with our financial officer here: bit.ly/48cTdcR. We will look into your case in detail and get back to you within 48 hours. Thank you.
Non collateral loan will not passed by bank even if you have all the document they have lots of excuse 99% people not get benefited from them this is harsh reality of our banking system and we can’t complain to anybody for that
Hi, we understand your concern. What you’ve said is absolutely true when you approach the lenders directly.
We highly suggest you to take your education loan via WeMakeScholars; we provide a solution, by directly addressing your issues with the bank representatives. We are the partners of 9+ NBFC's and private banks. Thus, you can save a lot of time as you don't need to visit every bank. Kindly connect with our financial officer at bit.ly/48cTdcR. Our team will get back to you and assist you in getting an education loan based on your profile.
Is it possible to secure a non-collateral loan if a Co-applicant is a retired central govt employee?
HI @gayathrishanmuganantham, it depends on the bank and the country you want to pursue your higher studies, you can reach out to us at bit.ly/48cTdcR by raising a call back request, Our loan team will get back to you and help with your query, provide assistance in getting your education loan.
Mam the thing is college doesn't give you an admission letter to the students before paying 1st year fees and bank doesn't give loan without the admission letter. What to be done?? My parents don't have money to pay the first year fees, i just came to know that this is the actual process. What should I do?
you should get bonified certificate from ur clg and then bank will transfer the money to college account
Hi! Im in need of education loan of a total of 7.5 lakhs. I would like to study in czech republic. But i do not have any collateral.. my father's income is 15000 and my sister's income is 20000.. is it possible for me to get an education loan
Hey Bhagvathi! Yes, you are eligible to apply for an unsecured education loan of 7.5 Lakhs. You can have a discussion with our financial officer to avoid any loan sanction issues. You can request a call-back here: bit.ly/48cTdcR.
Hi madam, My daughter is going to pursue ACCA. We are looking for educational loan from PSU banks for ACCA coacing and examination. What is the coversge of educational loan from PSU banks for ACCA coaching from ACCA Approved Learning prtner and examination fee to be paid in GBP to ACCA global body in UK?
Hi Santosh, Unfortunately, banks don’t provide loan for coaching requirements. They only provide for educational studies. I hope you’ve understood
Mam I am a economically weak I want education loan for UG course how I get it plz help me😢😢
Hello ma'am
I want to go uk for undergraduate by taking education loan but there is problem actually my father has low income can i apply for loan without showing any property?
Hi, It is challenging to get an unsecured loan for UG programs. But we can give it a try. Request a callback at bit.ly/48cTdcR. Our team will get back to you shortly.
Can i get loan without collateral for mbbs in georgia through sbi patnered with we make scholars?IF NOT WHAT ARE THE SCHOLARSHIP SCHEMES AVAILABLE?
Hi Shana, Generally It is not possible to get a Non-collateral loan for MBBS in Georgia. Only collateralized loan option is available subject to good co-applicant’s income . However, we can give it a try.
Request a callback at bit.ly/48cTdcR as soon as possible and our loan team will assist you in getting the best education loan deal in the market. Here is your required Scholarship link: www.wemakescholars.com/scholarship?study=2&country=115&interest=10 kindly go through it.
@@WeMakeScholarsPlease suggest me some best scholarship scheme applicable to mbbs degree from above mentioned list of scholarships?
To how much we get scholarship from the same?
Hey! We don’t provide one-on-one assistance for scholarships. Kindly visit our scholarship page: www.wemakescholars.com/scholarship. There are over 26,000 scholarships listed there. You can use filters to find the right one for you. The value of each scholarship varies.
I need education loan for masters at IIM. In my case i don't have a guardian. I work as an article in a CS firm. Can i get education loan if i resign from my articleship , without a guardian or guaranter.
Hey Sushil! We can try looking for other financial co-applicants in your case. But then we need to look into your profile first. You can connect with our financial officer here: bit.ly/48cTdcR. We will analyze your profile in detail and give you all possible options for your profile within 48 hours. Thank you.
Thank you for this informative video mam, but Mam, I'm lying in 2nd Scenario still we make scholar is not able to help me with no collateral and no co applicant loan of just 12 lakh for masters in italy with QS ranking 154 and I have the work experience of more than 4 plus years , why is so ?
Hi Ankit, In the video, we’ve clearly mentioned that the income source of your parents is not assessed by banks if you meet the criteria of scenario 2. However, Kindly note that without involving the Primary Co-applicants in your loan process, banks will not process your loan application. Kindly write an email to hello@wemakescholars.com stating your issue. Please mention your registered email id and phone number in the mail. We will look into the reason why our team didn’t connect you to any of the banks.
I got acceptance from university with qs rank 212 and 9th rank in Germany. I'm applying for non collateral loan and my father doesn't file ITR. My elder brother do file it and his income is more than 6 L. Instead of any property, can we consider jewels to get the loan of amount 15L and I have only one year of work experience in India.
Hey! Kindly note that banks don't accept jewels as collateral. If you’re having: House, Flat, Non-Agriculture land, Govt Bonds, or FD then we can help you get a secured loan. If not, we can even help you get an Unsecured loan. We’re empaneled with 15 + public and private banks. Speak with our team as they can suggest alternate financial documents so that you can include your father as a co-applicant along with your brother. Simply request a callback at bit.ly/48cTdcR . Our team will get in touch with you shortly.
@@WeMakeScholars I have been trying to contact the team , regarding my loan as it's already too late to proceed and I have registered more than 4 times. Called the given counselor a number of times, but no one responded till now and I'm in a very critical situation. Please help
I have been in contact with kundan sir from wms , lets see wht will happen i need timely response which usually not get from wms
Hello! We appreciate your patience. Our financial officer will contact you soon. If you do not receive a response, please contact us at: 093933 44424.
make a vlog on edu loan for ug degree pls without collateral
Hi Arya, we’ve already made a video about your mentioned query. Here is the link czcams.com/video/9_C8wgEx5Oo/video.html kindly go through it for your better understanding. Feel free to speak with our financial officer about the education loan for your UG studies. Request a callback at bit.ly/48cTdcR. One of our financial officers will get back to you soon.
Hello ma'am my father Work in foreign, not file ITR can i get 25 lakh education lone for MBBS in India i can give security collateral of 200% of lone amount can i get lone from HDFC banks
Hi Khan, we can try getting a loan for your case, but you need to have a co-applicant and guarantor for that collateral since your father is working abroad. Our financial officer will check your profile and tell you if can get loan from other banks as well, please contact us as soon as possible by using this link: bit.ly/48cTdcR
Mam my mom getting salary 35k but the problem is she is getting salary in hand not in account. My mom eligible to be a co applicant for me mam??
Hello! For someone to be considered as your “Financial Co-Applicant”, you must provide income verification proof. You can visit this article to understand the document requirements for an education loan: www.wemakescholars.com/education-loan/education-loan-documents. If you have any further queries, contact us at: bit.ly/48cTdcR. Thank you.
Hllo Mam, I need education loan but my father was cv was not so good to get the education loan...
Can you plz suggest any other option to get education loan for higher studies!!!
Hey! We can help you get an education loan with a CIBIL score as low as 600. We’re empanelled with 15+ public and private banks. Based on your profile, our financial officer can suggest you the best bank. Request a callback at bit.ly/48cTdcR. A dedicated financial officer will get back to you shortly.
Mam, is it possible to get 70 lakh loan, with a house with less value than loan amount?
Hello there. It is not possible to get a loan amount more than the value of collateral you pledge. Banks apply something called "collateral margin" on the collateral and give you loan according to that. So, you can try for pledging more collateral or going for a non-collateral loan. It can be a complex situation for you to deal with and we would like to help you. Request a callback using this link: bit.ly/48cTdcR and we will get in touch with you.
Hi mam my brother plan to study hotel management course in abroad , my famil is low income did we eligible to get educational loan without collateral
Hi, Getting an unsecured loan for hotel management course with low income is challenging. But we can definitely give it a try. Contact us by requesting a callback at bit.ly/48cTdcR. Our financial officer will get back to you shortly.
Can we get education loan without collateral and ITR
For study abroad like uk
Hi, you can get an education loan without collateral (i.e.via unsecured loan)
But to get an unsecured loan without your parent's income, your university should be ranked among the top 300 globally.
If not, then the parent's income is assessed by banks, making income proof mandatory.
ITR’s are mandatory and act as a proof of co-applicant’s income. However:
1) If your co-applicant is salaried then, you can show Form-16 instead of ITR as proof to banks.
2)If your co-applicant is engaged in agricultural activities as part of their occupation, then an Agriculture Income Certificate is required.
3)In case of self-employed co-applicants ITR’s are must.
To make your education loan process without any hurdles kindly reach us by raising callback request at bit.ly/48cTdcR, our loan team will get back to you shortly and help you in getting the best deal in the market
I have been trying to contact you but no response
Hi Keziah, our team responds in 48 hours. You will recieve a call. We appreciate your waiting :)
Hi madam im trying to apply loan for edu but madam site is not working in my state 😢😢😢😢😢😢😢
Hey! If you are facing any issues with education loan, kindly contact our financial officer here: bit.ly/48cTdcR or call 093933 44424.
Hello ma'am, I want to take education abroad and study in USA but I do not have any collateral so can I get a loan please help.
Hi Avadhesh! If you do not have any collateral security to offer your lender for your education, you can opt for a non-collateral loan. Kindly go through this article on education loans without collateral: www.wemakescholars.com/blog/a-guide-to-education-loan-without-collateral. If you have any queries, please reach us at: bit.ly/48cTdcR.
@@WeMakeScholars Ma'am What are the requirements for taking an unsecured education loan? Can you give the information? I do not have any collateral. Can I get only Rs 20 lakh?
Hi, We can certainly help you get an unsecured loan of 20 lakhs for your higher studies. Speak with our financial officer to know the requirements. And they can connect you to the best bank that suits your profile. We increase your odds of getting the loan as we're empanelled with 15+ public and private banks. Request a callback at bit.ly/48cTdcR. Our loan team will respond to you as soon as possible.
Can elder brother be considered as a primary co-applicant ?
Hi, your elder brother cannot be considered as a primary co-applicant. Speak with our team to know your eligible primary co-applicants. Simply request a callback at bit.ly/48cTdcR. Our team will get in touch with you soon.
you have any scholarship programs for girls child for master in usa
Hey! Here is the scholarship link: www.wemakescholars.com/scholarship?nationality=64&study=3&country=168 Kindly go through it and apply.
Can my sisters husband be my financial co applicant for my education loan?
Hey Mishra! the answer to this question depends on the lender. Some NBFCs may accept your sister’s husband as an applicant. However, in private banks, it is challenging. There is a possibility that other banks may accept it if you don’t have any other alternative. To answer this question, we need to thoroughly examine your profile. Please get in touch with our finance officer here: bit.ly/48cTdcR. Thank you.
May I get loan for Higher Studies in India only
HI lakhan, Absolutely! We can definitely help you secure an education loan for your higher studies in India. We’re empanelled with 15+ public and private banks. Feel free to speak with our team as they can suggest you the best bank based on your profile. And all our services are completely free of cost. Request a callback at bit.ly/48cTdcR. Our team will get back to you shortly.
It is possible i take education loan with room rent
Hi, your education loan covers: Tuition fees, Living expenses and other expenses. As room rent comes under the living expenses, you can definitely get an education loan.
We increase your chances of getting an education loan as we’ve partnered with 15+ public and private banks. Request a callback at bit.ly/48cTdcR. Our team will get back to you shortly.
Mam can I get loan for Bsc animation course?
Hi Bobby, For BSc Animation course, it is not that easy to get a loan for reasons like it being a bachelors's course and low chances of employability. But we will try for sure, there must be a way and our financial officers will guide you through it. Contact us with this link: bit.ly/48cTdcR
i want to study mba course so can u guide for educational loan
Hey! You can get an education loan for your MBA course. We’ve partnered up with 15+ public and private banks. Hence, increasing your odds of getting an education loan. Request a callback at bit.ly/48cTdcR. A dedicated financial officer will get back to you shortly.
IELTS score really helps you getting education loan ?
Hi Mohit, Embassies and universities require language tests in order to assess a student's proficiency in the language. However, Banks don’t give education loans based on language tests like IELTS.
But, if your university has a condition of getting a good band in IELTS then banks will not sanction your loan until you clear the condition. In this case, IELTS score is helping you to get an education loan. For complete guidance request a callback at bit.ly/48cTdcR . Our loan team will get back to you soon.
Hiee mam.. We apply many govt bank but they dont accept because my father cibil score is not good.. We need a laon 350000 lakh please help
Khushi, CIBIL is a very important factor in an education loan. A minimum of 680 is required for loan. So, if its less than that due to minor credit card issues, our team can try getting a loan. Once contact us using this link bit.ly/48cTdcR and let us proceed with your loan.
Here is an article on CIBIL score, please read: www.wemakescholars.com/blog/how-does-cibil-score-affect-your-education-loan
I am in need of educational loan for pilot traing I am from middle class without collateral please help I am doing ground class
Hey Haseentaj! You can go through this article to understand how loans are given for CPL training: www.wemakescholars.com/education-loan/pilot-training. Please connect with our financial officer, we will look into your profile and get back to you within 48 hours: bit.ly/48cTdcR. Thank you.
can i get loan for CPL
Hey! You can go through this article to understand how loans are given for CPL training: www.wemakescholars.com/education-loan/pilot-training. Please connect with our financial officer, we will look into your profile and get back to you within 48 hours: bit.ly/48cTdcR. Thank you.
mam if you make this video in hindi it willl more helpful
Hey! Thanks for your valuable feedback. The main purpose of our videos being in English is to cater a large audience. We will certainly work on your suggestion.
Can indian bank give education loan for Kazakhstan 🇰🇿
@@ronnnstark1935 to study in kazakhstan
Hi, Indian banks cannot give loans to a citizen of Kazhakstan.
@@WeMakeScholars but I am a indian citizen from rajasthan
I want education loan to study in kazakhstan 🇰🇿
@@ronnnstark1935 to study in kazakhstan
Hey! Getting an education loan to study in Kazakhstan is quite challenging. Banks require collateral subject to strong income of the co-applicant. If you’re meeting the aforementioned criteria, we can certainly give it a try. Request a callback at bit.ly/48cTdcR. Our team will respond to you shortly.
I need a loan to pursue MBBS in Russia
Hello there! Please Note that in the case of Russia, there is only collateralized loan option available, and that too with good income source of the co-applicant. By sending a callback request at bit.ly/48cTdcR . A dedicated financial officer will get in touch with you soon, to help you get the best education loan possible.
7.5 lakhs wala bhi nhi mil payega 😢@@WeMakeScholars
Hey! Feel free to speak with our team, they can definitely try to assist you get an education loan
Hello, I was intending to study in abroad fr Masters but due to no cosigner I had to cancel. I have no work experience as I am a fresher, if I plan to study in USA how will I get a loan with all these circumstances? Also my parents are retired !
Hello! To apply for an education loan you need a cosigner. Your parents can be your co-signers, and we can look for other financial co-applicants but then we have to analyze your profile in detail and then give all possible options to you. Kindly connect with our financial officer here: bit.ly/48cTdcR. You will receive a callback within 48 hours. Thank you.
I want education loan for our of India , can I get it, pl reply I have to go in August end 2024 bcuse my college will start on September first week
Pl pl pl reply me urgent
Hello. Please connect with our financial officer, we will look into your profile and get back to you within 48 hours: bit.ly/48cTdcR. Thank you.
Hello mam i am Dikshant and i want education loan for diploma in VFX please help me out
Hi Dikshant, feel free to request a callback at www.wemakescholars.com/education-loan. Our team of financial officers is dedicated to assisting you with your
education loan needs for your Diploma in VFX. As partners with over 14 public
and private banks, we increase your odds of securing the loan you need.
I need education loan
Hey Asheesh! Please connect with our financial officer, we will look into your profile and get back to you within 48 hours: bit.ly/48cTdcR. Thank you.
I need education loan for Ms abroad
Hello! Please connect with our financial officer, we will look into your profile and get back to you within 48 hours: bit.ly/48cTdcR. Thank you.
Sorry to say apko Hindi mai bhe baat kerna chaheye aap ese logo ke baat ker rahe hai jinke paas itr nahe hai vo apke es cammuication skill in english samaj bhe pa rahe hoge sorry to say
Hi Ashish, We understand your concern. Most of our videos are in English so we can cater a larger group of audience. However this particular topic has been covered in Hindi in one of our previous videos. You can watch it here: czcams.com/video/e--CuxM36RI/video.html
Our financial officers are also multi lingual, so no matter which part of the country you are speaking from, one of our financial officer will must know that language, So they can connect greatly with our students. To speak with us, request a callback using : bit.ly/48cTdcR once you fill out the form, our team will get back to you within 48 hours.
Madam
Hey! Do you have any queries? Feel free to ask us.