STUDENT LOANS NOW MADE SIMILAR AND EASIER
Getting an educational loan has become very difficult now, to make this process similar to the NBFCs were created where you get your loans approved through a simple online process. You just need to Apply For Student Loan and based on your past academic record your loan will be sanctioned. They offer loans for skill development courses such as hairdressing, catering courses, sap courses, photography courses etc. Education is now easily accessible to everyone because NBFCs have stepped forward in financing these unconventional courses.
A Change in the employment sector
Over the years, due to overpopulation, getting a good paying job is becoming difficult day by day. To get a job nowadays students need to complete a certification course apart from college and university degrees. Nowadays, everyone has a college degree but certification courses give you the boost you need to get a high paying job.
But these certification courses might be very expensive, and students with a weak financial background may not have the resources to pursue these courses. For this reason NBFCs are providing a lending hand and giving financial support for students who Apply For Student Loan.
Now you might think why not go to a bank and apply for a loan for these certificate courses? The answer is a big no, as under bank rules, these unconventional courses do not qualify for an education loan, rather banks advise to go a personal loan with higher interest rates fr this kind of scenario.
These NBFCs provide low cost, smart loans to finance your skill and educational training. Their mission is to make education universally accessible by providing easy, transparent and speedy financial assistance using innovative technology solutions.”
They collaborate with training partners, corporations and certification providers to make them available to students from all over the country. They help students choose their own career path. They also aim at linking the growth of the nation. These NBFCs need to be registered with the RBI in order to begin their operations. With this approval, they have gained the trust of a lot of students and are now preferred more than banks when it comes to financing of vocational courses.
NBFC start-up companiesaim at making more than 200 million Indians to undergo some form of skill training before they enter the workforce which would make their work experience more similar. Getting the jobs that you want would be made easier with the loans provided by these new NBFCs.
How to get a student loan?
Students can now find easy access to loans through websites of these companies. If you are looking for a good employment opportunity, you would also need the course for the job. The costs incurred for the course would be given by these NBFCs. Students have to choose the right course for the kind of jobs they would be applying for and accordingly apply for the loan. This platform was made to help students get loans easily. They would help you use the amount the student gets after the loan has been approved for the course payment. Students have a better chance of getting employed because of the course they have finished now and with their salary they would be able to pay back their loan amount.
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