Thank you for your prompt action in making a video in response to my comment. I have been following your talks for more than 15 years since CNBC and have found your financial advice very practical and dependable, especially for the middle class investor. God bless you for your untiring efforts 🙏
I took a loan of around 7 lakhs from SBI where I had to give a guarenteer along with collateral property. After 3 years I could see the insurance premium was directly added to my loan account. I was not even asked. Because of your video I got the clarity. Thanks!
@@BWealthy Thank you for your response Swati Ji. I was completely unaware about these facts till the time I saw your video. Really thanks for educating us. Recently I have foreclosed my loan account and hence I don't think the bank will entertain me. But yes, with this experience I will be able to help others as you are doing on a regular basis.
Jo apna is video ma kaha vo same aaj mare sath bhi hua ha ma education loan lane gaya loan karna se Pahela canara bank wale bjaje Finance ka medical bima karane ka bol rahe hai
Thank you for watching the video Jasleev Jee. For the LIVE session it's not possible to wrap the session in 8-10 min. Will try for the other videos. Stay Blessed, Healthy & B Wealthy
Thanks for the video first of all!! Very Insightful and beneficial. I experienced this but being from earlier banking background, was aware about the same hence could avoid them smarty :)
Mataprasad jee, please share your experience in detail so that others can also learn the smart ways to avoid such things. Stay Blessed, Healthy & B Wealthy
@@BWealthy , I could have mentioned that but it is always simple for those who knew that ot is not essential at all.. Mine was a home loan to be more precise and my property documents in case home loan, lies with the lender itself. No better and safer security it could be than your own property. Secondly, I had my own term plan which was quite higher than the borrowed amount. So if you know the fact , you can manage it smarty by asking counter question"why still they need you to buy policy from them" They would never have answers for that.😊
I have taken a education loan of 15 lakhs and in the disbursement amount i saw two charges for insurance one for life insurance and another for travel insurance which amount to 65,000. I already have my separate travel and term insurance. Can I opt out of the insurance bank has provided?
Hi ma'am, Meri beti ne education loan NBFC se liya hai... Vo loan ke saath... Loan amount insurance +group health insurance+ travel insurance+ co-applicant health insurance leny ko bol rhy hai... Ye to over hi ho gye.. Please suggest me ki ye sahi hai ya galt
Mam mere paas 2 fund h 1st AXIS BLUECHIP and 2nd AXIS MIDCAP or me 20-25 saal ke liye sip investment karna chahta hu, kya me in dono fund ke sath ja sakta hu, ya fir mujhe kuch change karne ki jaroorat hai,
Hi mam, I had taken Home Loan and they pushed for Home Protection Loan along with it. Initially I agreed. But now I want to Surrender Home Protection Loan. Please let me know about the process
Om Prakash Jee, Housing Loan protection is an insurance plan which has been introduced by banks where in the case of the borrower's death or disability where there is loss of income, instead of the burden of the loan falling on the dependents, the loan is paid by the insurance company. Before surrendering or discontinuing the policy, you have to make sure that you have means to care of your loan outstanding in the case of unfortunate incident. Stay Blessed, Healthy & B Wealthy
Thank you for watching the video Shubham Jee. As I said in the video different lenders have different way of functioning. Stay Blessed, Healthy & B Wealthy
जी हां। मैंने SBI से बच्चों के लिए एजूकेशन लोन लिया है। बैंक मेनेजर पालिसी चिपकाने की पूरी कोशिश करते हैं। किंतु जब मैंने साफ मना किया तो ऋण सुरक्षा लोन के लिए गिड़गिड़ाने लगे। SBI ग्राहकों के साथ लुटेरों जैसा व्यवहार करता है। इसलिए जितना हो सके SBI BANK से बचने का प्रयास करें।
I had taken a education loan. the bank people had asked my parents to transfer their home loan which was with a different bank to their bank as a security. we ended up paying more for the home loan but we had no other choice as he said it was mandatory.
Mujse to pucha ya bataya hi nhi😂 4 lakh ka loan apply kia SBI se 2016 mei, usi paiso se 4k deduct kar liye insurance ke liye😅 baad mei statement dekhi to pta chala
@@BWealthy baad m koi reply hi ni krte , upper se attitude aise dikhate h jaise hm pr ehsaan kiya ho loan de kr, hmari gaadi ke loan pr khud hi insurance ke paise , or home pr bi , statement dekh kr pta chla
Mem BEST TERMS PLAN BATAYE FOR LONG TIME ME HOGA MATALAB 50 SAL TAK BHAROSA KAR SAKTE HE ESHI COMPANY KE BARE ME EK VIDEO BANAYE MEM MENE APKA PURA NA TERM PLAN KA VIDEO DEKHA HE
Very very bad experience from SBI in processing the ED Loan. Inspite giving land as mortgaged, SBI didn't process the loan application even after 2 years. No responsibility fixed and no action taken. STRANGE BANK.
Mine is a classic case in which Bank of Baroda entangled me in home loan. It is forcing me to get an additional insurence albeit I already have a term plan of >double of loan amount. As per a condition, loan can be closed any time without penalty, yet they intimated me in writing that loan can not be closed. I would be grateful if you could guide me how to close the loan account after repaying the outstanding balance of Rs.13.5 lac immediately. I can share the doc if required.
SBI HAS BEEN FORCED TO TAKE THEIR SBI LIFE INSURANCE POLICY FOR THE EDUCATION LOAN AMOUNT BELOW 4 LAKHS. WE ARE LOWER MIDDLE CLASS OF PEOPLE AND FOR THAT ALWAYS HARASSED WHEN OUR BUSINESSMEN GOT LOANS BUT NOT REPAY CAUSES NPA.
I APPLY FOR 50LAK EDUCATION EDUCATION IN BANK OF MAHARASHTRA, JAHANGIRABAD, SURAT, GUJARAT, FORCE ME FOR INSURANCE I ALLSO MORGAEJ MY PROPERTY FOR EDUCATION LONE ANY SOLUTION FOR THIS OR ANY HELP ME NUMBER
this happens not only for education loan but also for other loans like home loan. they say it's for guarantee.. but it's just a selling gimmick cause even they have targets to meet and we r desperate for a loan.
Hello! I've been granted an education loan from Bank of Maharashtra. We have kept our flat as a collateral. I don't have any term insurance policy that can cover the loan amount. But now they are insisting on getting a life insurance policy from Aviva. Is it mandatory that I need to have a life insurance policy for education loan? What if I don't take any insurance policy? PS: I already have disbursement letter from the bank
I checked with a banker friend and I was told that In education loan, insurance is not mandatory Shubham jee. You can say No to the loan. Stay Blessed, Healthy and B Wealthy
@@BWealthyhello ma'am , Is it still same ? Because I have been told to take different insurance worth 2lacks on 20 lack Unsecured loan from Avanse NBFC
Thank you for your prompt action in making a video in response to my comment. I have been following your talks for more than 15 years since CNBC and have found your financial advice very practical and dependable, especially for the middle class investor. God bless you for your untiring efforts 🙏
Thank you so much for the kind words Vishwanath Jee. Stay Blessed, Healthy and B Wealthy
Thank you mam
Aapne jo bataya bilkul vesa hi hamare sath huva.
Good topic covered 👌.
Also the quality of video, audio and editing is very much improved.. .. Keep it up...!!
God Bless 🙏💐
Shukriya for watching the video Imteyaz jee. Stay Blessed, Healthy & B Wealthy
बहुत ही अच्छी जानकारी दी आपने स्वाति जी ,मुझे ये जानकारी बहुत काम की है क्योकि मुझे भी अपने बेटे के लिए लोन लेना है🙏👌👍
वीडियो देखने के लिए धन्यवाद नीलेश जी। लोन लेने वाला अनुभव ज़रूर साझा करिएगा। Stay Blessed, Healthy & B Wealthy
@@BWealthy जी पक्का
Thank you maidam,,, is video ke liye,,, aapki video mujhe achhi lagti hai
Thank you for watching the video Sonu Jee. Stay Blessed, Healthy & B Wealthy
Mam apki baat se motiv huye hai
Shukriya mam Ek bahut Achcha video👍❤
Thank you for watching the video Vikas Jee. Stay Blessed, Healthy & B Wealthy
Very informative and educative Mam. Thank you.
Thank you for watching the video SambirJee. Stay Blessed, Healthy & B Wealthy
Ekdum badhiya video topic pe swati ji.
Thank you for watching the video Vineet Jee. Stay Blessed, Healthy & B Wealthy
@@BWealthy 👍😀
I took a loan of around 7 lakhs from SBI where I had to give a guarenteer along with collateral property. After 3 years I could see the insurance premium was directly added to my loan account. I was not even asked. Because of your video I got the clarity. Thanks!
Saurabh Jee, did you speak with anyone at bank regarding this? Stay Blessed, Healthy & B Wealthy
@@BWealthy Thank you for your response Swati Ji. I was completely unaware about these facts till the time I saw your video. Really thanks for educating us. Recently I have foreclosed my loan account and hence I don't think the bank will entertain me. But yes, with this experience I will be able to help others as you are doing on a regular basis.
Jo apna is video ma kaha vo same aaj mare sath bhi hua ha ma education loan lane gaya loan karna se Pahela canara bank wale bjaje Finance ka medical bima karane ka bol rahe hai
Thank you madam.🙏
Thank you for watching the video Kanubhai Jee. Stay Blessed, Healthy & B Wealthy
Thank you for such knowledge. Pls keep ur videos short like 7 to 8 minutes like this.
Thank you for watching the video Jasleev Jee. For the LIVE session it's not possible to wrap the session in 8-10 min. Will try for the other videos. Stay Blessed, Healthy & B Wealthy
@@BWealthy yeah I understand. It was request from my side other than live session. Btw the way you are talking is something worth to learn.
@@jasleevsingh thank you so much for the kind words. Stay Blessed, Healthy and B Wealthy
Mam plz make one video .... How to invest in lottery
Thanks for the video first of all!! Very Insightful and beneficial.
I experienced this but being from earlier banking background, was aware about the same hence could avoid them smarty :)
Mataprasad jee, please share your experience in detail so that others can also learn the smart ways to avoid such things. Stay Blessed, Healthy & B Wealthy
@@BWealthy , I could have mentioned that but it is always simple for those who knew that ot is not essential at all..
Mine was a home loan to be more precise and my property documents in case home loan, lies with the lender itself. No better and safer security it could be than your own property.
Secondly, I had my own term plan which was quite higher than the borrowed amount.
So if you know the fact , you can manage it smarty by asking counter question"why still they need you to buy policy from them"
They would never have answers for that.😊
@@prasadpandey10 thank you so much for sharing. Stay Blessed, Healthy and B Wealthy
Very good information
Thank you for watching the video Raj Jee. Stay Blessed, Healthy & B Wealthy
I have taken a education loan of 15 lakhs and in the disbursement amount i saw two charges for insurance one for life insurance and another for travel insurance which amount to 65,000. I already have my separate travel and term insurance. Can I opt out of the insurance bank has provided?
Thank you so much mam really informative
Super
Thank you for watching the video Aseem Jee. Stay Blessed, Healthy & B Wealthy
Mam I have try for my child, it's very bad experience and at last i changed my mind that don't take education loan from any bank.
Sorry to know that you had to go through this bad experience Sudhir Jee. Stay Blessed, Healthy & B Wealthy
Very nice madam 👌
Thank you for watching the video Rupinder Jee. Stay Blessed, Healthy & B Wealthy
Hi ma'am, Meri beti ne education loan NBFC se liya hai... Vo loan ke saath... Loan amount insurance +group health insurance+ travel insurance+ co-applicant health insurance leny ko bol rhy hai... Ye to over hi ho gye.. Please suggest me ki ye sahi hai ya galt
Mam mere paas 2 fund h 1st AXIS BLUECHIP and 2nd AXIS MIDCAP or me 20-25 saal ke liye sip investment karna chahta hu, kya me in dono fund ke sath ja sakta hu, ya fir mujhe kuch change karne ki jaroorat hai,
Hi mam,
I had taken Home Loan and they pushed for Home Protection Loan along with it. Initially I agreed. But now I want to Surrender Home Protection Loan. Please let me know about the process
Om Prakash Jee, Housing Loan protection is an insurance plan which has been introduced by banks where in the case of the borrower's death or disability where there is loss of income, instead of the burden of the loan falling on the dependents, the loan is paid by the insurance company. Before surrendering or discontinuing the policy, you have to make sure that you have means to care of your loan outstanding in the case of unfortunate incident. Stay Blessed, Healthy & B Wealthy
Mera canara bank me loan tha 1.5 lac ka, no other charges taken ,no extra charge taken
Thank you for watching the video Shubham Jee. As I said in the video different lenders have different way of functioning. Stay Blessed, Healthy & B Wealthy
जी हां। मैंने SBI से बच्चों के लिए एजूकेशन लोन लिया है। बैंक मेनेजर पालिसी चिपकाने की पूरी कोशिश करते हैं। किंतु जब मैंने साफ मना किया तो ऋण सुरक्षा लोन के लिए गिड़गिड़ाने लगे। SBI ग्राहकों के साथ लुटेरों जैसा व्यवहार करता है। इसलिए जितना हो सके SBI BANK से बचने का प्रयास करें।
I had taken a education loan. the bank people had asked my parents to transfer their home loan which was with a different bank to their bank as a security. we ended up paying more for the home loan but we had no other choice as he said it was mandatory.
Thank you for sharing your experience Rishi jee. Stay Blessed, Healthy & B Wealthy
I want to become.mutual fund adviser & financial planer.which course I do ?
Mujse to pucha ya bataya hi nhi😂 4 lakh ka loan apply kia SBI se 2016 mei, usi paiso se 4k deduct kar liye insurance ke liye😅 baad mei statement dekhi to pta chala
मेरे साथ भी ऐसा ही हुआ।
Welcome to SBI
रोहित जी, आपने पूछा नहीं बैंक से कि ऐसा क्यों किया? Stay Blessed, Healthy & B Wealthy
@@BWealthy baad m koi reply hi ni krte , upper se attitude aise dikhate h jaise hm pr ehsaan kiya ho loan de kr, hmari gaadi ke loan pr khud hi insurance ke paise , or home pr bi , statement dekh kr pta chla
@@BWealthy daily hmare pas branch manager ke phone ate h or pressure create krte h ki ye new policy ayi h sbi m ye to leni pedegi
Matrices pas ka koi loan he
Mem BEST TERMS PLAN
BATAYE FOR LONG TIME ME HOGA
MATALAB 50 SAL TAK BHAROSA KAR SAKTE HE ESHI COMPANY KE BARE ME EK VIDEO BANAYE MEM
MENE APKA PURA NA TERM PLAN KA VIDEO DEKHA HE
idfc bank charge me 70k insurance on 24lakh loan with my consent is it right i have unsecured loan
My brother is deaf 🙉🙉 . can he give life insurance??
Lic office already say no.🥺
शर्म आनी चाहिए सरकार को शिक्षा के लिए पालकों को कर्ज लेना पड़ रहा है।
Very very bad experience from SBI in processing the ED Loan. Inspite giving land as mortgaged, SBI didn't process the loan application even after 2 years. No responsibility fixed and no action taken. STRANGE BANK.
Thank you for watching the video and sharing your experience. Stay Blessed, Healthy & B Wealthy
Mam bank walo ne insurance cheque lele liya hai
Ab kya wo wapis karenga ? 10 din hue hai
Mere bhi cut kar liya hai yaar kuch batao
Mine is a classic case in which Bank of Baroda entangled me in home loan. It is forcing me to get an additional insurence albeit I already have a term plan of >double of loan amount. As per a condition, loan can be closed any time without penalty, yet they intimated me in writing that loan can not be closed. I would be grateful if you could guide me how to close the loan account after repaying the outstanding balance of Rs.13.5 lac immediately. I can share the doc if required.
Birendra jee, please share the details at khazanabadhao@gmail.com. And do mention your contact details as well. Stay Blessed, Healthy & B Wealthy
Thank u very much. Details shared.
SBI HAS BEEN FORCED TO TAKE THEIR SBI LIFE INSURANCE POLICY FOR THE EDUCATION LOAN AMOUNT BELOW 4 LAKHS. WE ARE LOWER MIDDLE CLASS OF PEOPLE AND FOR THAT ALWAYS HARASSED WHEN OUR BUSINESSMEN GOT LOANS BUT NOT REPAY CAUSES NPA.
Hi
😮😮😯😯🤔🤔🤔🤔🤔
I APPLY FOR 50LAK EDUCATION EDUCATION IN BANK OF MAHARASHTRA, JAHANGIRABAD, SURAT, GUJARAT, FORCE ME FOR INSURANCE I ALLSO MORGAEJ MY PROPERTY FOR EDUCATION LONE ANY SOLUTION FOR THIS OR ANY HELP ME NUMBER
this happens not only for education loan but also for other loans like home loan. they say it's for guarantee.. but it's just a selling gimmick cause even they have targets to meet and we r desperate for a loan.
I agree with you Rishi Jee. Thank you for watching the video. Stay Blessed, Healthy & B Wealthy
Hello! I've been granted an education loan from Bank of Maharashtra. We have kept our flat as a collateral. I don't have any term insurance policy that can cover the loan amount. But now they are insisting on getting a life insurance policy from Aviva. Is it mandatory that I need to have a life insurance policy for education loan? What if I don't take any insurance policy?
PS: I already have disbursement letter from the bank
I checked with a banker friend and I was told that In education loan, insurance is not mandatory Shubham jee. You can say No to the loan. Stay Blessed, Healthy and B Wealthy
@@BWealthyhello ma'am , Is it still same ? Because I have been told to take different insurance worth 2lacks on 20 lack Unsecured loan from Avanse NBFC