Technology today has metamorphosed the world around us. Education system is no stranger to curriculum advancement led by technology. But what is astonishing is the pace of change. Also, the changes are being incorporated by industries in no-time. Business buzz keeps changing from Big Data to Artificial Intelligence to Mar-Tech to Analytics. It naturally becomes challenging for a working professional to keep-up with the latest know-how. But, thanks to the several online certificate programs, it is possible for working people to equip themselves with latest skills. But paying for certificate program can prove to be a challenge. While several institutions provide education loan for working professionals, they come with their limitations. But with new-age lenders providing certificate loan online, it has become easier to now get personal loan for career education. CrediFiable is one such player providing instant higher education personal loan to salaried people.
Why do We Need Education Loan for Working Professionals?
The world is becoming increasingly competitive day-by-day. You need to continuously upskill yourself to keep pace. Depending upon the nature of work, you can choose courses that can help in career advancement.
Technology related IT courses can transform you into a smart worker. Globalization demands one to have great communication skills. Communication courses allow you to not only be better at English, but also to be a pro in Mandarin or German or any other language which offers future growth opportunities. An executive management degree is one of the most sought-after career advancement courses. Now-a-days, professional certifications in niche fields such as big data, artificial intelligence or digital marketing help you stay relevant to changing demands of job. But none of these courses comes cheap. Hence the need for an education loan for working professionals.
Certificate Loan Online for All Type of Courses
Thanks to the rise of new-age lenders, paying for the certificate program just became easier. While most of the banks and financial institutions provide education loans, the loans generally work-out better for formal degree courses offered by recognized educational institutes. A personal loan for career education on the other-hand fits the bill perfectly for most of the courses salaried work-force would like to enrol for.
Financing Options for Paying for the Certificate Program
Cost for many of the in-demand higher education courses can well run into lakhs. So, if you are contemplating to enrol for an online or classroom contact higher education courses, you must arrange necessary funds. Let’s look at the pros and cons of various financing options including instant higher education personal loan available to you.
1. Ditch the Certificate Loan Online, Pay from Your Own Savings
This can be a viable option if you have saved a big corpus already. But, even if you have enough savings you can struggle because of following challenges:
- If you are in early stage of career, you may have to withdraw all your savings to pay for the course fee. This is not a very sound financial decision. At the least you must keep an emergency corpus for the rainy day.
- When you draw from your own savings several times you may encounter other more pressing financial needs and you may end-up with an incomplete certification.
- Equity mutual funds are a preferred way to save for the new generation. It is also advised to stay invested for a longer period to get inflation-beating high returns from equity.
Hence in many instances, it may be wiser to take a loan for paying for the certificate program instead of digging into your savings.
2. Explore if Your Employer is Ok Paying for the Certificate Program
When you undergo a skill-based training you are going to perform better at work. Hence, you may consider asking your boss to arrange paying for the certificate program from company funds. But what if you are upskilling yourself to get a new job? Moreover, it is not necessary that the company finance the education institute of your liking. In instances where company funds your higher education, you may also have to sign an employment continuity bond.
3. Paying through Credit Card EMI
The education portal or institute may provide you the option to pay via the credit card. But paying via the credit card EMI route has its limitations:
- It reduces your over-all credit limit on the card
- You will attract penalty charges if you fail to pay your dues on time and that can be quite high
- If because of other pressing needs, you can pay only the minimum amount due, then you will incur a late payment fee as well as high interest cost of remaining balance
4. Take an Education Loan for Working Professionals from Banks
While education loans from banks are available for students at reasonable interest rates, when it comes to working people your options may be limited. Even when banks and other financial institutions offer an education loan for working professionals, it might fall short on following grounds:
- The bank may offer lesser loan amount of only up-to 1 lakh. And even this amount may require a margin-payment
- When the banks are willing to offer higher value loan amount, they expect you to offer a security against the loan amount. Not only arranging for collateral is a task, it involves tedious paper-work too! When the education is online why should you not opt for hassle-free certificate loan online?
- Some of the institutions providing education loan for working professionals also have a clause of minimum work-experience of 2 years! What happens if you are newer to career?
- Higher education loans offered for skills enhancement of working population are restrictive in nature. They may not cover many of the new-age online education portals that offer latest courses in-sync with global universities.
- Last but not the least, loan application process followed by most of the traditional loan providers is still cumbersome. It may not be a smooth paperless experience like taking an instant higher education personal loan from new-age lending platforms.
5. Take a Personal Loan for Career Education
When you want to enrol for a career advancement course along-with your job, consider taking instant higher education personal loan. Taking an unsecured personal loan for career education is a zero-hassle affair with new-age tech enabled lending platforms such as CrediFiable.
With few simple clicks on your computer you can arrange financing for you’re the course of your choice. There is no physical paper-work, and no need to visit any branch at all! The personal loan for career education breaks the course fee into smaller convenient loan EMI; easily payable with your monthly salary credit.
While some may argue that interest rates on personal loans are higher than the rates offered on education loan for working professionals, but the benefits are far too many.
Benefits of Instant Higher Education Personal Loan from CrediFiable
Let’s see for ourselves why taking a personal loan for career education from CrediFiable is the best way to finance your higher education.
1. With Personal Loan for Career Education at Competitive Rates, No Need to Dry All Your Savings
CrediFiable offers personal loan for career education at very competitive interest rates. We offer flexi-tenure from 6 months to 36 months. This allows you to structure the EMI as per your monthly budget. Go with shorter tenure, higher EMI and lesser total interest cost if you are comfortable. Else, you can get our instant higher education personal loan with longer tenure and lower EMI to not strain your finances! With a convenient and affordable loan at your finger-tips, you need not dry-up your savings which you have painfully accumulated for the rainy day!
2. Get Immediate Access to Money with Instant Higher Education Personal Loan
CrediFiable is a tech-enabled platform that has a smart algorithm to assess your credit worthiness. Which means we are faster and capable to offer instant decision certificate loan online. Once you complete your application including uploading necessary documents, our team get in touch with you instantly with loan plan options. Once you confirm the option for your personal loan for career education you are comfortable with, it takes us just 3 working days to credit money in your account. Unlike education loan for working professionals, no need to keep hanging for decision and then keep waiting for money disbursal.
3. Go Hassle-Free with Easy Certificate Loan Online
Not only can you expect instant higher education personal loan from us but also a zero-hassle experience. You no longer need to run from post to pillar to get a personal loan for career education. Since we offer certificate loan online, you can apply at any time of the day at your convenience from the comfort of your own computer. We offer paperless loans. You just need to fill a simple online form and upload soft-copies of 3 months of bank account statements as part of loan application. Once you choose your plan then just upload your KYC documents and salary slips online. The loan agreement is sent to you over email and our agent will collect the signed agreement from you. as simple as that. We have taken the pain out of the entire loan application to loan disbursement cycle.
4. With Loans Upto Rs.5 Lakh, Paying for the Certificate Program Just Became Convenient
Unlike in case of education loan for working professionals from some of the banks, we at CrediFiable can offer personal loan for career education up to Rs.5 lakhs. Hence you need not compromise on the course of your choice for lack of financing option. You can get instant higher education personal loan from Rs.50 thousand to up-to Rs.5 lakhs from CrediFiable. With repayment broken down into EMIs over a several months, funding the course becomes comfortable and well within budget.
5. No Restrictions on Choice of Course & Wider Employment Criteria Unlike Education Loan for Working Professionals from Banks
When you want to take an education loan for working professionals then at the time of course selection you should check whether the institute has necessary banking tie-ups or not. To your dismay you may find that most of the banks do not cover the new-age ed-tech trend. The new age educational institutes have tie-ups with top-notch global universities to offer latest up-skill courses in niche areas. Most of us would like to equip ourselves with Big-Data, Analytics, Artificial Intelligence, Machine Learning, Digital Marketing, Excel Modelling, Global Strategy etc. You may not find any player offering education loans for such individual course.
It is here that a personal loan for career education has a big upper-hand over traditional education loans. You can take an instant higher education personal loan for paying for the certificate program of your liking from an institute of your choice.
With easily available option of online certificate loan, you must work towards the next career-defining move. Get going and let your career soar high!