Studying abroad can certainly add timeless value to your life. You get exposed to different cultures, immerse yourself in various languages, feel a sense of independence, build everlasting relationships, and of course, gain incredible experience. In other words, it provides you with different perspectives than just helping you complete your formal education. But what if you do not have enough money to support your international education? Well, this is where an education loan for abroad studies comes into the picture.
Read on to learn more about education loans, what benefits you can reap with an education loan, mistakes you should avoid, documents you need to submit and how you can avail an education loan with CASHe.
Benefits of International Education Loan
When you avail an education loan, you get several advantages and some of the significant ones are:
- Access To Quality Education
- Flexibility
- Build Credit History By taking an education loan for your studies, you can build your credit score. Wondering how? Well, if you make timely repayment of international education loans, then it would increase your creditworthiness and enhance your credit score.
With financial support from education loans, you can get access to the best education institutions. An education loan helps you pay for the tuition fee and other expenses when you pursue education abroad. This allows you to unlock your full potential and enhance your career prospects.
Education loans offer you financial flexibility, which means you can cover your tuition fees, living expenses, and other educational costs without any problem.
Also Read: How an Education Loan Can Help Women Reach Their Goals
Mistakes You Should Avoid While Availing an Education Loan
- Borrowing Without Planning:
- Ignoring Terms and Conditions:
- Not Going For Scholarship Opportunities:
- Missing Deadlines:
When you borrow money more than what is necessary for your education expenses, it can disturb your future plans. Hence, do plan your budget and borrow accordingly.
It is important for you to read the loan agreement carefully, understanding interest rates, repayment terms, and penalties for late payments.
Look for scholarship options before you finalise your education loan amount. You can apply for these scholarships and reduce your financial burden.
Enusre timely submission of loan applications and required documents so that you can avoid delays in loan disbursement.
Documents Required For Education Loans
Here is the list of documents required for an education loan:
- Proof of Admission
- Loan Application Form
- Identity Proof
- Address Proof
- Academic Documents
- Test Scores (if applicable)
- Income Proof
- Collateral Documents
How to Get an Education Loan with CASHe?
CASHe offers you the best education loan in India for studying abroad. Here are the steps you need to follow to avail a CASHe education loan:
- Download the CASHe mobile app from Google Play Store or App Store
- Create a profile by providing basic information and contact details
- Log into your account and explore the loan section
- Go to the education loan option and check your loan eligibility
- Provide income proof, address proof, identity proof, and other required documents
- Submit the loan application
Also Read: 5 Things You Should Know About How Personal Loans Apps Work
This is how an education loan can help you fulfil your dreams. Whether you wish to become a scientist, doctor, or artist, it’s time to achieve your ambitions and make your wishes come true. So, what are you waiting for? Download the CASHe mobile app right away to apply for an education loan and pursue your dreams.
