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"Women need to
shift from thinking, "I'm not ready to do that" to thinking "I
want to do that- and I'll learn by doing it." – Sheryl Sandberg, CEO,
Facebook. Women like Indra Nooyi, Kiran Mazumdar Shaw, and J.K. Rowling are
great examples of how women can achieve financial independence and create a
difference in the world.
International Daughter's Day and
National Daughter's Day, will be celebrated on 25th September
this year. So, this Daughter's Day,
let's be financially independent! Financial independence allows you to take
your own decisions related to your finances. To put it simply, it will be your
income, so it will empower you to make your own decisions on how you wish to
spend, save and invest.
Importance of
financial literacy
Financial
literacy is as crucial as financial independence. It is the ability to manage
your moolah. Financial literacy is about being well-versed with budgeting,
interest rates, investment plans, loans, and so on.
This
Daughter's Day, let's change this:
According to
a news website, 66% of single women do not make their financial decisions, and
33% depend on their parents to support them financially. Now is the time to
change this by being financially independent.
Your parents have supported you in every way possible by taking care of your financial needs. But do you know that you have a perfect chance to be financially independent by opting for an education loan? Whether you choose to opt for a higher study in India or study abroad, education will be expensive due to soaring education costs. Let's understand how student loans will make you independent this Daughter's day.
Importance of
an education loan for women:
1. No need to
liquidate savings
Imagine this
- your parents meticulously planned their savings and investments at the same
time, also managed all expenses related to your education. However, they have
to liquidate all their savings to finance your higher study in India and more
so if you plan to study abroad. Education loan saves you the agony of having to
liquidate family savings or pledge gold. It covers the holistic cost of
education, including airfare, tuition fees, accommodation cost, library fees
and more.
2. Credit
history
Soon after
completing your higher studies, you will require other financial products like
credit cards, home loan, car loan, etc. For this, it is necessary that you have
a healthy credit history. On the other hand, financial providers will be
reluctant to give you a loan if you do not have a good credit score. By being a
responsible borrower, you can enjoy a healthy credit score, allowing you to
easily opt for other financial products.
3. Self-made
badge
How will it
feel to independently fund your education by opting for an education loan and
tell your peers you managed it on your own? A student loan is a perfect way to
earn a self-made badge. So, let's celebrate this National Daughter's
Day by transforming into an independent woman!
4. Quality
education
Whether you
choose to study abroad or study in India, quality education should be your
primary goal. To achieve this, you will need admission to a well-ranking
university. If you are planning to study abroad, you will have to plan your
expenses depending on your preferred overseas destination, which will also add
to the cost. You can eliminate this gap between you and your pursuit of quality
education by opting for a student loan.
5. Successful
career
The ultimate
goal of every student is to have a successful career. You shall enjoy a bright
future and a successful career without compromising on your study plans. Women
are increasingly becoming career-oriented for all the right reasons, and you
must too. An education loan will empower you to build a successful career. So,
take your first step towards independence this Daughter's Day.
How will
Avanse help you achieve your goal?
We, at Avanse
Financial Services, understand the importance of financial freedom, and hence,
we aim to enable a smooth academic journey by bringing you multiple benefits.
Our education loans cover the holistic cost of education, including airfare,
tuition fees, accommodation cost, and more. If you choose Avanse Financial
Services, you don't have to worry about margin money because our solutions offer
100% finance.
So, we hope
this helps you understand how an education loan can ultimately help you achieve
financial independence. We at Avanse Financial Services offer loans for
students to support
their academic journey. This Daughter's Day, gift yourself financial
independence! This Daughter's Day, please go ahead and live your dreams. We
wish you a happy Daughter's Day 2022!
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.