You have an extra “}”, there must be two such braces for two for each loops. Also you need to have endif; statement at end after endwhile. Parsing error may be due to extra “}”. Please try below code and let us know if it works.
<?php
$custom_terms = get_terms('videoscategory');
$other_custom_terms = get_terms('product_category');
foreach ($custom_terms as $custom_term) {
foreach ($other_custom_terms as $other_custom_term) {
wp_reset_query();
$args = array('post_type' => 'product', 'orderby' => 'title',
'order' => 'asc',
'tax_query' => array(
'relation' => 'AND',
'orderby' => 'title',
'order' => 'asc',
array(
'taxonomy' => 'product_category',
'field' => 'slug',
'terms' => $other_custom_term->slug,
'orderby' => 'title',
'order' => 'asc',
),
array(
'taxonomy' => 'videoscategory',
'field' => 'slug',
'terms' => $custom_term->slug,
'orderby' => 'title',
'order' => 'asc',
),
),
);
$loop = new WP_Query($args);
if($loop->have_posts())
{
?>
<div class="box <?php echo $custom_term->slug; ?>">
<h1 style="margin-top:10px;"><?php echo $custom_term->name;?></h1>
<?php
while($loop->have_posts()) : $loop->the_post(); ?>
<h2><a href="https://wordpress.stackexchange.com/questions/95853/<?php echo get_permalink() ?>"><?php echo get_the_title(); ?></a></h2>
<?php endwhile; ?>
</div>
<?php
}
}
} ?>