EducationLoan InterestRate: Simple or Compound | Ep 12

Education loan interest rate: Simple or Compound?’ is the 12th episode of our web-series, ‘Loanflix - abroad education loans simplified.’ Start your abroad education loan process by requesting a call back @ https://www.wemakescholars.com/study-abroad-education-loan Our Financial officer will get back to you and assist you until the sanction Think along these lines if you plan on approaching private lenders for a non-collateral education loan. While discussing your education loan interest rate terms with any of the private lenders, what exactly do they tell you? Is the word ‘simple interest’ used wrongly? Are there hidden meanings in their terms and conditions regarding education loan interest rate? If these questions worry you, look no more! This episode- ‘Education loan interest rate: Simple or Compound’ will clear the most basic doubts regarding education loan interest rate. Our experts do so, by taking the example of HDFC Credila interest rate, which is one such private lender of education loans. The following are the important sections of this episode: Definition of simple interest and compound interest with examples (1:34) Here’s the Catch (2:57) Example: Credila education loan without collateral (3:59) There’s more to it! (6:28) Who actually charges Simple Interest? (7:17) The conclusion and hack (7:56) Loanflix is the most comprehensive web-series on abroad education loans. The motive is to empower students and their guardians so that they can take an informed decision about the education loan.The titles of our previous 11 episodes in this series and their links are as follows: #1. Introduction to study abroad education loan - http://y2u.be/-TJ0XCrL0dw #2. Secured education loans - /watch/cmuBJYUGjROGB #3. Abroad Education Loan without collateral - /watch/APZk7afEUy0Ek #4. Documents for Education loan - http://y2u.be/5PtpYVQ7Oo8 #5. SBI education loan for abroad studies - /watch/wSziCIzY9VRYi #6. SBI Education Loan- Documents, Process & Timeline - /watch/AcGxqogoW2tox #7. Bank of Baroda Education Loan for abroad studies - /watch/gImnFIhxI_2xn #8. Education loans from Government Banks, Issues and solutions - /watch/YhcwfyzEYkEEw #9. Unsecured education loan from NBFCs - An overview- /watch/MWHU3rH3_nL3U #10.1 International Student Loan: Prodigy finance student loan & MPower finance (Part 1) - /watch/M1hb0ZfdcEYdb #10.2 International Student Loan: MPower finance & Prodigy finance foreign education loan (Part2) - /watch/g311dJvdB5Dd1 #11. Education loan for abroad: Public banks vs. Private banks/NBFCs - /watch/0sbGMgyHuHGHG We hope that by the end of this 12th episode, you may be clear on the interest rate policies of private lenders for education loans. If this episode has helped you, and if you look forward to watching more such of them in this series, please do subscribe to our channel to avoid missing important updates regarding our future episodes. Also, do like and share with your friends. Good luck! Script editor- Arjun R Krishna Shot, Edited & Directed by Sreeman Reddy About the Presenter - Damini Mahajan is a visionary entrepreneur and the co-founder of WeMakeScholars.com, an education finance start-up for international education. Damini has been mentioned in the "Top Women in Tech" list 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 Top 75 start-ups in Power of ideas by Economic Times at IIM Ahmedabad. Stay connected to know more: - Like us on Facebook - https://www.facebook.com/wemakescholars - Follow us on Twitter - https://twitter.com/wemakescholars - Follow and tag us on Instagram - https://www.instagram.com/wemakescholars/ - Follow us on Linked in- https://in.linkedin.com/company/wemakescholars-com - Contact us at hello@wemakescholars.com

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