75th Independence Day
Last year we completed 74 years of independence. This year we will celebrate the 76th Independence Day. Let’s learn about the significance of this day.
15 August Independence Day - about Independence Day
Independence Day is celebrated to commemorate our freedom and the valour of our freedom fighters. India’s prime minister hoists the flag and addresses our citizens on this day. Do you want to be a responsible and independent citizen and contribute to the success of our nation? If your answer is yes, you can begin by achieving financial independence.
“Financial independence is the ability to live from the income of your own personal resources.” – Jim Rohn, an author, entrepreneur, and motivational speaker.
Until this point in life, your parents have financially supported you in every way possible. What if we tell you that you, too, can be independent by choosing to be self-reliant? Whether you choose to study in India or study abroad, you can fund your own education.
How can you earn a self-made badge on 15 August Independence Day
If you are planning for higher studies, we are sure that you already have a plan ready – to attain academic excellence, have a successful career, and more. But quality education is expensive, and other related costs keep rising. Hence, taking a student loan for higher studies is the best choice. By taking a study loan, you can finance your education, gain access to your dream universities and have the best learning experience, all at the same time.
Why is an education loan equal to independence?
Savings are reserved for contingencies like health emergencies or other unforeseen calamities. If you liquidate your family’s savings and investments, you will be depriving your family of funds when they need them the most. A loan for students helps turn dreams into reality without having to depend on family, sell assets, or borrow from relatives.
Education loans cover the following costs:
Other perks of a Student loans
You are at a crucial stage in life, and after finishing your academic journey, you will require a healthy credit score to opt for a home loan, car loan, etc. Opting for a student loan and responsibly repaying it will help you build a healthy credit score.
Access quality education
Quality education will earn you a dividend for life in the form of better career opportunities, a better quality of life, and overall success. It is now within your reach, so please don’t settle for anything lesser than your expectation. Also, responsibly repaying EMIs instils financially prudent habits early in your life.
Let’s take the first step towards independence: Education Loan EMI Calculator
Education Loan EMI Calculators are online financial tools that calculate specific tenure, loan amount, and interest rate in mere seconds. You will get to know different combinations of interest rates, tenure, and loan amounts to make a well-informed decision. All you have to do is enter the approximate loan amount you need, annual interest rate, and tenure. The calculations are super quick!
How will Avanse Financial Services help you be Atmanirbhar?
We at Avanse Financial Services are committed to providing seamless and affordable educational loans for every deserving Indian student. Hence, we offer customised study loans to accommodate the expansive needs of the student fraternity. We understand that quality education is necessary to achieve your academic goals, and hence, we do not put a cap on the loan amount because we offer 100% finance. A loan for higher education at Avanse Financial Services covers the holistic cost of education, including tuition fees, accommodation costs, travel expenses, tuition fees, equipment costs, and other education-related costs.
So, on 15 August, Independence Day, you can achieve all your academic goals and #BeAtmanirbhar. By opting for an education loan, you will be able to unlock many benefits. You will enjoy a healthy credit score, family savings will remain intact, you will get a customised study loan, and so on. If you need any help in your academic journey, remember we are just a call away!
We always aim to offer you competitive interest rates on your Avanse Education loan.
The rate of interest on your loan is calculated as: Interest Rate = Avanse Base Rate + Spread.
Our current Base Rate is 14.25% (WEF 01.05.2023).
The Spread is floating and is based on analysis of overall credit and course profiling.
This rate is subject to the terms and conditions of Avanse Financial Services Ltd.