Gone are the days when an individual spent his entire career in a single organization. Nowadays the qualifications and the skills needed to keep up with a career are ever-changing and need frequent up-gradation. Accordingly, there are many short term courses available in the market either online on sites like Coursera, Udemy, etc or offline.
The cost of these courses can range anywhere from a few thousand rupees to a few lakhs. It might not be possible to spend that kind of amount each time you are looking to upgrade your skills. Therefore, borrowing may be the best option available.
University or full time higher studies cost a lot, however, there are separate educational loans that cater to funding these courses. On the other hand, when it comes to online or short term courses, there are no separate education loans available.
But there are other sources that could be used to borrow money as a loan for professional courses.
Some of the options that you could consider are:
This option works well if you have an asset which could be pledged to avail a personal loan. It could be anything from a fixed deposit, stocks, shares, gold, mutual funds or even a moneyback insurance policy.
The asset remains in your name and earns interest or appreciates in value. And, you can avail of a loan against the security of the asset. However, if you do not possess any collateral/asset that can be pledged, then this might not be the ideal option for you.
You could also use your credit card to make the payment for your fee towards a professional career development course. However, this option also comes with certain conditions attached.
Your credit card needs to have a sufficient credit limit and also you would need to repay the amount immediately on when the bill is due or attract very heavy interest charges.
A personal loan can take the place of an education loan for professional courses as these loans are easy to avail and do not carry any fixed condition for use of the loan.
Instant personal loans like the one from Money View are ideal as it is easier to avail than a traditional personal loan and comes with a lot of other benefits too.
An instant personal loan from Money View brings a lot of benefits which makes it an ideal choice for borrowing when you require funds for educational purposes.
Here are the top features and benefits of an Instant, Paperless loan from Money View:
Money View instant loans come with extremely pocket-friendly interest rates and other charges which doesn’t come across as a burden on the borrowers.
The interest and other charges on a Money View Instant Personal Loan are:
|Fees and Charges||Amount to be Paid|
|Interest Rate||Starting from 1.33% per month|
|Loan Processing Charges||Starting from 2.5% and going up to 6% of the approved loan amount|
|Part/Full Payment of the Loan (Loan Foreclosure)||
|Interest on Overdue EMIs||2% per month on the overdue EMI/Principal loan amount|
|Cheque Bounce||Rs.500/- for every bounce|
|Loan Cancellation||No additional charges will be levied apart from the interest amount for the period between loan disbursement and loan cancellation. Processing fees will also be retained.|
The eligibility criteria for availing a Money View Instant Personal Loan that could be used as a professional studies loan is quite simple, transparent and easy to understand.
The basic eligibility criteria to apply for a Money View Loan are:
*Please go through the detailed eligibility in respect to your area of residence and credit score
So with an instant personal loan from Money View which can be easily availed, you can stop worrying about money and concentrate on your career.
So, the next time you are looking to upgrade your skill sets to make a big leap towards your career progression, do not let the lack of funds be a hindrance. Apply for an easy personal loan from Money View. Download our loan app today.
applying to our loans, please get in touch with us at email@example.com or 080 45692002.