Quality education is a fundamental right that empowers everyone in society, including women. Educated women gain knowledge and develop necessary skills that allow them to contribute to the economic, social, cultural, political and moral fabric of the community. Education empowers them and opens a new window of opportunities for them to thrive in their careers.
Many women aspirants are opting for education loans to finance their education independently. Here’s what you must know about the importance of education and an education loan for girl students.
Key highlights:
- Benefits of Education Loan for Girl Students in India
- Eligibility Criteria for Student loans
- How Can Avanse Financial Services Help You?
Benefits of Education Loan for Girl Students in India
Why Should Women Compromise on Their Academic Aspirations?
If financial constraints are keeping you from achieving your academic dream, then an education loan for girl students can be the perfect solution. You deserve quality education whether you want to study in India or abroad and choose your preferred course. So, aim high, as you are worth it!
Be Independent
When you opt for an education loan for girl students in India, you choose independence as you no longer have to depend on your parents or other family members. It empowers you to fund your education independently. This is a fantastic way to learn, develop skills and invest in your future.
Save for the Rainy Day
As daughters, you must have seen your parents toiling hard not just to make ends meet but also to save for the future. These family savings can come in handy during contingencies such as a pandemic or health emergencies. Instead of liquidating family savings or assets, you can opt for an education loan for girls, which will allow you to keep savings untouched.
Credit Score
Did you know that by repaying your education loan for women, you establish a positive credit history, boosting your credibility with financial institutions? This healthy credit score will unlock several benefits when you opt for other financial products, such as a home loan, car loan, or credit card, later in your life.
Also Read: Breaking barriers: Women in STEM
Eligibility Criteria for Student loans
- Students can apply if they:
- Are Indian citizens who are 18 or older
- Have a confirmed admission before the final disbursal
- Have a co-borrower who earns in India
- Co-borrowers also need to meet the following criteria:
- Must be an Indian citizen and should be a parent, legal guardian, sibling or other blood relative
- Must have a bank account in India that allows them to sign cheques
- Must be the primary debtor
Please remember when you apply for a student loan, your lender will thoroughly evaluate your student profile to determine your employability potential. Therefore, parameters such as academic scores, entrance exam scores, the pedigree of your university, and continuity in your education, to name a few, will be analysed. Additionally, your co-applicant’s financial background will be examined too. If you meet the criteria, your education loan will be approved.
How Can Avanse Financial Services Help You?
Education Loan Scheme for Girls
At Avanse Financial Services, we launched SWALAKSH, a special education loan product for female higher education aspirants. You can benefit from interest rate concessions, flat processing fees and more. To know more, please click here.
100% Finance
At Avanse Financial Services, we believe in empowering students and supporting them in their academic journey. Therefore, we offer student loans that cover the holistic cost of education, including tuition fees, travelling expenses, accommodation expenses, living costs, cost of learning devices and other education-related expenses.
Other Benefits
If your documents are in place and you meet our set criteria, your student loan can be sanctioned quickly. You can also benefit from flexible repayment options and a customized education loan for girls.
So, you can carve out your academic path with an education loan in India. Educational loans for studying abroad and studying in India are available. To opt for an education loan, you can apply online from the comfort of your home. You no longer have to queue up to get a student loan. If you have any questions, please feel free to contact us. We will be glad to assist you.
