The hassle-free way to upgrade your career!
What Is Upskilling?
In today’s modern world, we are surrounded by digital advancements that can enhance our
career and professional growth. While this is very exciting, it has also led to the
digitalisation skills gap in every workforce. Companies are constantly looking for
individuals who have upgraded skills to help them navigate new digital developments. As an
employee, you can upskill yourself and make the most out of this situation. Upskilling
refers to the process of acquiring new information and learning new skills required to deal
with current and future advancements in technology. You can upgrade your skills to make
yourself future-proof.
While upskilling started because of drastic changes in technology, the process cuts across
industries. From bankers to lawyers and
IT professionals, every working person can benefit from taking upskilling courses.
Courses available in universities
Edtech Partners
Get an Avanse Skill Enhancement Loan
Apply NowWhat Is a Skill Enhancement Loan?
If you’re ready to enhance your career, a lack of finances should not stand in your way. You can opt for a skill development loan to pay the course fee upfront and repay your financing partner later in monthly instalments. No-cost skill enhancement loan options are available, enabling you to gain the skills required to climb the corporate ladder. You have up to 24 months to repay the loan amount, providing you with enough flexibility to complete the course without worrying about your finances.
If you’re ready to enhance your career, a lack of finances should not stand in your way. You can opt for a skill development loan to pay the course fee upfront and repay your financing partner later in monthly instalments. No-cost skill enhancement loan options are available, enabling you to gain the skills required to climb the corporate ladder. You have up to 24 months to repay the loan amount, providing you with enough flexibility to complete the course without worrying about your finances.
Benefits of Upskilling Courses for Professionals
Upskilling has become a buzzword for professionals in the recent past. Here’s a look at why upskilling has become the need of the hour:
It Bridges the Skills Gap
Most companies today are in the midst of a digital transformation. To complete the process, they need to find and hire skilled individuals who are familiar with the latest technology. When you choose to upskill with online courses for professionals, you can gain the required skills and further your career progression. With your newly-acquired skills, you can help your company complete a seamless digital transformation.
It Promotes Productivity
Individuals who update or upgrade their skills at regular intervals work faster and more efficiently than their peers still using older practices. When you sign up for online professional development courses, you become more productive, which makes you an indispensable asset to your company and team.
Builds a Habit of Learning
When you decide to upskill yourself, you serve as a role model for your team members and peers. You take the initiative to find courses that work for you and your career. As you continue your professional development, you will likely continue to upskill yourself in new ways to stay ahead of the curve.
What are the Features of a Skill Development Loan?
When you opt for a skill enhancement loan, you get:
Easy Processing
You can apply and get the loan approved quickly to start your upskilling journey immediately.
Affordable Instalments
Instead of a single payment upfront, you can break the tuition for your upskilling course into manageable instalments over 24 months.
Monthly Interest Starting at 500* Only
Flexible Repayment Options
Tenure 3-36 Months
Collateral Free Education Loans For Online Courses
Loan sanction within 3 days*
How Can Upskilling Benefit
You and Your Organisation?
You may want to update your skills, but some professional courses require a significant
investment.
If you’re undecided about what you should do, here’s a look at how signing up for online courses
for professionals can help you and your company:
Rise Through the Ranks
Whenever you decide to sign up for upskilling or project management courses, you take a step towards a better future. You prove that you are invested in learning and show your superiors that you are ready for new challenges. When you upskill, you arm yourself with the tools you need to move further in your career. As you continue to grow your skills, you can help make a difference to your organisation’s business.
Better Mental Health
Generally, employees who go through upskilling courses tend to be happier in their roles than others. So, when you opt to learn new skills, you can enjoy being happier while at work, which boosts your overall mental health. You will tend to worker harder, which means your organisation will recognise your efforts and reward you accordingly.
Boosts Customer Satisfaction
Many people view the funds for upskilling as a waste of resources. But when you invest in upskilling yourself, you become happier at work. You are focused on delivering to your clients, which means you boost your company’s overall customer satisfaction as well!
Attracts Talent
When you choose to sign up for upskilling courses for professionals, you will always work at the most advanced and digitally-sound organisations. These companies attract the best talent since they look for people who have skills that will come in handy in the future. You will find yourself in a highly productive and functional environment, which boosts your career and also enhances your company’s profile in the market.
Benefits of a Skill Enhancement
Loan
With an Avanse upskilling loan, you benefit from:
Convenient Online Applications
Request for a loan online and get approvals and disbursals within minutes.
No Cost Options
We have tied up with several institutions to provide no-cost loan options.
Ability to Enhance Your Career
When you choose to learn new skills or enhance existing ones, you can also grow your career and climb the corporate ladder. Skill enhancement loan provides you with adequate finances.
Differences Between Reskilling and Upskilling?
Very often, people confuse the terms reskilling and upskilling. In both scenarios, professionals learn new skills. But, what is the difference and why is upskilling important? Let’s find out!
Reskilling
In reskilling scenarios, employees learn a new set of skills that will enable them to do another job. For example, a data entry expert may undergo training to learn how to do statistical analysis. After they complete the training, they can take on a new role as an analyst
Upskilling
On the other hand, upskilling refers to learning new skills that enable employees to become better at their current job. Let’s say the person is already a business analyst. They may sign up for courses for business analysts and learn about new and better ways to complete their daily duties.
We can understand the differences better with an easy comparison:
| Reskilling | Upskilling |
|---|---|
| Learning skills to perform an entirely different job | Learning skills to improve efficiency in their current role |
| Learn a new set of skills that is not related to the current role | Improve upon existing skills related to their current position |
| Involves a change in career | Does not involve a career change |
Get a Skill Development Loan from Avanse
Today, you can choose between offline and online upskilling options to further your career. Whichever option you choose, you must have the required funds for upskilling courses. Sometimes, getting the funds for working professionals can seem like an uphill battle. Instead of forgoing the upskilling process, you can reach out to Avanse. We provide skill enhancement loans that get you the money you need to learn new skills. We provide quick and easy funds for working professionals. Apply for our loan today and get ready for the future!
Frequently Asked Questions
It's okay to have questions, because we've got answers!
To be eligible for a study abroad loan from Avanse, you only need to meet the following eligibility criteria:
- You should be a citizen of India
- You should be 18 years old or above
- You should have a confirmed admission in the Institute of your choice
- You should have an earning co-borrower in India
Do you check all the above boxes? Well, congratulations, you are eligible to apply for our education loans for abroad studies! As for point number 3 - if you do not have a confirmed admission in the Institute, you can still get a pre-admission loan. This will help you cover all your pre-admission expenses including entrance exam fees, consultation fees, the cost of prep tests, etc. These loans can also provide proof of funds to increase the chances of your application being selected.
Our loans cover your entire student life journey. Right from the course fee to the purchase of study material, we will take care of everything! Here is a rough list of expenses you can get covered with our loan for higher education abroad:
- The course fees
- Purchase of books, study material, computers and project expenses
- Traveling expenses for students traveling abroad
- We also cover your insurance premium
- Caution deposit, building fund, entrance exam fees, the cost of prep tests and entrance exams, consultation fees, etc
With an education loan for abroad, you get 100% finance. This ensures that all your expenses are taken care of. Therefore, instead of worrying about funds, you can focus fully on your studies. We will handle the costs for you!
At Avanse, we believe that you should aspire without boundaries! That's why we do not have any limit when it comes to the loan amount. However, the loan amount that we can provide depends on numerous factors such as your academic record, the course you've selected, your parent's ability to repay the loan, etc. To get a better idea of the loan amount you can avail, use our eligibility calculator. You can also come to the nearest Avanse Financial Services branch office or you can contact us to schedule a home visit.
We provide 100% finance. This means that you do not need to provide any margin money to get an educational loan for abroad studies. Amazing isn't it?
You do not need to provide collateral or any form of security to get an educational loan for abroad studies. However, if you are able to provide security in the form of residential/commercial property or a fixed deposit, then you will enjoy higher loan amounts and/or reduced interest rates.
