Several research reports & surveys suggest that women don’t actively participate in the financial decision-making process related to expenses and investments. According to a recent study conducted by UBS Global Wealth Management, 58% of women hesitate to take decisions related to money. Instead, they pass on this responsibility to the male members of the family. Over the years, there has been some progress, yet there is room for some more. This Women’s Day, it is time to bring substantial change in this thought process.

Let’s pledge to be financially independent and make our own financial decisions this Women’s Day. Firstly, let’s understand why financial freedom is important for women. We can look at this from two different standpoints. Working women contribute to the economic development of the country. Secondly, women can financially secure their future by taking finance-related decisions pertaining to personal expenses, family budget and investment. 

Take your first step to financial freedom by funding your education independently with the perfect education financing solution on the occasion of Women’s Day. So, you must be wondering how an education loan will help you become financially independent. Here’s how:

1. Access quality education

You don’t have to compromise on quality education. With a student loan, you can attend your dream university. Whether you are planning to study abroad or study in India, let nothing come in your way. Most education loans cover all the education-related expenses. If lack of funds stops you from achieving your academic aspirations, you can change it to this Women’s Day by opting for a student loan.

2. Be Atmanirbhar 

When you opt for an education loan, you can finance your education without ever borrowing funds from your parents, friends or relatives. You can pay back your student loan through easy EMIs post completion of your higher studies. It is wise to make a small contribution in the form of simple interest or partial interest during your moratorium period. By financing your education independently, you can earn a self-made badge. This Women’s Day, celebrate the independent you. 

3. Preserve family savings

Imagine this – your parents plan your education, save for the rainy and plan their retirement. But the rising education inflation may force them to liquidate the family savings. You can change this situation on this Women’s Day. Did you know that the recent reports suggest that education inflation has been at 10-12% for the past couple of years? An education loan will empower you to finance your education without ever disturbing the family savings.

4. Build a healthy credit score

If you have a healthy credit score, you can buy other financial products such as car loans, home loans or credit cards without any hassle. You can sow the seeds to unlock the buying power this Women’s Day! So, let’s understand how an education loan helps you build a credit score. You begin to build your credit score when you responsibly repay the student loan. Hence, we recommend you to create an effective repayment strategy to ensure you repay your education loan responsibly.

5. Become financially disciplined

Repaying your education loan is just as important as opting for it. You can do this by making a small contribution during the moratorium period. Also, you can create a corpus to ensure you continue with the EMIs even during the emergencies such as a pandemic. This Women’s Day, commit to becoming financially disciplined.

Benefits of Avanse Education Financing Solutions for Women 

We at Avanse Financial Services are committed to our mission to provide seamless and affordable education financing for every deserving Indian student. To celebrate this Women’s Day, we launched a special offer on education loans for female higher education aspirants. To encourage women to pursue their higher education aspirations in any course and university of their choice, we introduced an exclusive offer where we will waive off the last eight EMIs from the loan repayment structure. 

Also, we offer student loans that cover the holistic cost of education such as tuition fees, accommodation costs, study material costs, equipment costs, living expenses and other education-related costs. If you have any query, please connect with us. We will be glad to partner with you on your academic journey. Happy Women’s Day!