Education Loan Mistake #education #loan #finance

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Taking student loans for higher studies?

Then ask for some extra money!

Why?

Because apart from the university’s tuition fees there are other miscellaneous expenses like, books and stationary costs, travel, and accommodation expenses, laptop purchasing cost, etc. which you will incur.

And not able to pay for them will unnecessarily create financial stress.

So, while applying for an education loan, take additional amount for miscellaneous expenses along with living expenses and tuition fees amount for the entire course duration!

But won’t it increase my interest outgo?

No, it won’t!!

As the interest is charged only on the disbursed amount of the education loan.

For example, if you need ₹45 lakhs for your abroad education then you should apply for a ₹55 lakhs loan and keep the amount of ₹10 lakhs as a safe side margin. If you disburse only ₹40 lakhs then the interest rate will only be charged on ₹40 lakhs and your rest of ₹15 lakhs will lapse automatically, and you will not have to pay any interest on it.
(Amount taken as an example and is not indicative)

So, ask for more money to make your life easier!!

#finance #anushkarathod #loan #educationloan #hack
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Indian Private universities be charging 20L these days 😂

AK-pmfg
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This is true, I was in UK and fell short of money and it was very difficult.

manjulikabhattacharjee
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Samaj to nahi aaya pr sun kr achha laga😂

_daddy
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just needed this video....thank you much....I had no idea about this and was worried....till your video helped me out ☺️☺️☺️

yashasvionker
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Her saying subhe burger king and shaam ko McDonald's scares me

paiguy
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Madam for each and every loan, interest z charged only on disbursed amount, not the sanctioned amount

mohapatrasangramkeshareesa
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Mera education loan tha, lekin papa ne clear kiya ❤ love papa

kamalhasanjangde
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Kisi bhi loan me disbursed amount pe hi interest lagta hai

neerajsingh-fwob
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please make a video like this on education loan 🙏

mananrunwal
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Could you please make a detailed video

mikubarbie
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Aunty har ek loan jo disburse hota hai, sirf disbursed amount pe hi interest lgta hai, so this is not just for education loan

AgentNeo
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Folks borrowing 20 lakh to study in Canada. Meanwhile me chillin with my 1400 yearly fees @ Allahabad University 😂

ruchirpandit
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She looks like sucheta Dalal from harshad Mehta show the "scam 1992"

Kartikeyssgksoni
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Jisko disbursement and sanction nahi pata wo loan mat lo

randomguygogo
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Koi bhi loan lene p disbursed amount p hi interest lagta hai

ashutoshrathi
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Everything was fine....but here a one thing that is vo एडू केशन nhiii एजुकेशन hota केशन nam ka koi ward exist hi nhi krtaa 😢

palaknamdev
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Indian students do have to pay GIC which is around 20k cad. So u really dont have to worry about your living expenses as you get a part of the 20k returned monthly

harshdattani
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Wow I am also looking for it thanks 🎉❤❤

seeturohilla
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Me Sirf Apko dhekne Aata hu Baki information se koi lena dena nhi😁🤣

rdlife
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' Don't Make This Mistake ' would be correct.

HerculePoirot