Personal Finance
How can I get an upskilling loan without my parent’s help?
Shruti, 24, was excited to have landed herself a dream job in one of the top companies in IT. However, a few months into the job, she realized that her graduation degree did not teach her the vital skills required by the role ahead. So, she decided to upskill herself by taking a few courses online. This time, however, she did not wish to take help from her parents to fund her course. However, her salary wasn’t enough to support her expenses and fees. What should Shruti do? Well, for upskillers like Shruti, upskilling loans by NBFCs like Eduvanz is a boon. The criteria for applying for these loans are simple. Anyone above eighteen, residing in any part of the country, can avail of the loans with minimum documentation process. The entire process is online. Approvals are instant; for ...
Everything You Need to Know About eNACH While Taking a Loan!
A financial emergency can happen to anyone at any time. And in such a scenario, loans are one of the quickest solutions. If you are planning to take up a loan, you probably must have come across the term ‘eNACH’. But are you wondering what is eNACH? Or, just confused about the difference between eNACH and eMandate? Well, to discover answers to all your queries about eNACH, read this blog! What is eNACH? eNACH stands for electronic National Automated Clearing House. It is an electronic procedure that enables banks, financial institutions, and government organisations to provide automated payment services to their clients. In essence, it replaces the NACH and makes it easier to conduct frequent and repeating massive amounts, small value electronic transfers between banks. Applic...
5 Things You Must Know Before Applying for An Upskilling Loan
Educational loan is a popular funding choice for most learners who wish to pursue higher education or upskill themselves. Upskilling loans offer much-needed relief to learners by helping them pay for their courses without financial help from parents. Upskilling is the future of education. Over the next few years, education will not be about learning from textbooks but developing relevant skills and knowledge to ensure employability in the job market. Those willing to upskill will survive and grow leaps and bounds. So are you looking for an upskilling loan to learn relevant skills for your next career move? But before you apply for a loan, please consider these things that you must know about upskilling loans. Avail Upskilling Loan from Eduvanz: Many students dream of pursuing higher edu...
Everything You Need To Know About Stablecoins
An introduction to cryptocurrencies is incomplete without the mention of stablecoins. Stablecoins are Ethereum tokens designed to stay stable, meaning they do not fluctuate even when the price of ETH changes. Read on for an in-depth understanding of stablecoins, their types and uses. What are Stablecoins? Stablecoins are cryptocurrencies that are designed to maintain a stable price with time. The value of a stablecoin is pegged to an underlying asset; for example, the USDC stablecoin is backed by dollar-denominated assets in regulation with U.S. financial institutions. Here are some salient features of stablecoins: They are global and accessible to all. The transmission is secure, cheap and rapid. They are digitally native to the internet. How many types of Stablecoins are there? There are...
5 Best Stablecoins to Invest in 2022
Crypto stablecoins are pegged and backed by different assets or a single reserve. These reserves help maintain a stable price over time, even when the ETH fluctuates; hence, they have started grabbing investors’ attention. Are you looking for a stablecoin list to invest in in 2022? Then, jump onto the next section of this blog! Top 5 Stablecoins You Have to Invest in Right Now! Tether (USDT) As one of the oldest stablecoins in the world, Tether redefines low-risk trading in the digital space. It is among the most traded tokens in daily volume and pegged at 1 USD to 1 Tether USDT. As means to facilitate secure transactions, Tether has world-class compliance measures such as; Anti-Money Laundering (AML) Countering the Financing of Terrorism (CFT) sanctions Know Your Customer (KYC) reg...
Top 3 REIT Investments in India
If you are looking for some good investment options, have you considered REIT yet? Wondering what is REIT? REIT stands for Real Estate Investment Trust, which are businesses that own, manage, and fund real estate that generates income. One might own or finance real estate through REITs in the same way that one may invest in other sectors of the economy, that is by purchasing shares. It is a fantastic investment choice for individuals who lack the capital to own commercial real estate, buildings, or land. So, if you find REIT to be a great investment option, continue reading this blog. Here we bring you some of the best REIT investments in India. 3 Popular REIT Investments in India — 1. Embassy Office Parks REIT Embassy Office Parks REIT is a real estate investment trust based in India. The...
Upskilling Loan Benefits & How You Can Get One?
The emerging digital transformation has brought a paradigm shift to businesses across the globe. And this transition has called for upskilling of the workforce. Upskilling is the process of enhancing your existing expertise by learning new skills or updating your present knowledge. 5 Best Reasons for You to Upskill in 2022 – You can upgrade your existing skillsets and make yourself valuable. Grow and futureproof your career. Explore your interests and upskill to follow your passion. Boost your confidence to take up more diverse responsibilities. Enhance your productivity, and multiply your salary! Despite the fact that there are numerous benefits of upskilling, professionals still hold back from enrolling in any upskilling courses. Mostly because of financial issues or financial rese...
How to Get a Personal Loan for Bad Credit?
Do you need a loan but have a poor CIBIL score? Usually, lenders look at your credit score to determine how likely you are to repay the loan. So, getting a personal loan for bad credit seems to be next to impossible. But don’t worry. There are loans for bad credit as well. Loans that have been created exclusively for borrowers with poor or even no credit score are referred to as bad credit loans. So, how can you get a personal loan despite having a poor credit score? Read this blog to learn some strategies you can try to get a personal loan! But why is your credit score low? Numerous reasons affect your credit score. Here are 5 top reasons that cause your low credit score— You have not paid back any debts. Your attempt to get credit or a loan was unsuccessful before. You have a hist...
Find Out About the Best Loan for Students & Upskillers in India
“Education is the key to success.” Most of us from middle-class families are familiar with this truth bomb. It’s an adage that we almost grow up hearing every living moment from our parents, uncles, aunties, and even grandparents. Thus, we are inclined to pursue higher education in the hope of keeping our relatives happy and, eventually, our family-after all, they are the ones funding our education. So, what about your passion, likes and skills you want to pursue and make a career in? If the fear of funding stops you from pursuing your dreams, it’s time to take a rain check. The Indian market is today flooded with banks and financial institutions offering loans to students to pursue a career of their choice. Both banks and non-banking financial companies provide loan schemes to students wh...
How should I plan my loan for upskilling?
The growing awareness of the benefits of upskilling has helped people to understand that upskilling is the need of the hour to enjoy better pay, get the much-desired promotion or secure your job during a recession. However, upskilling courses constitute a significant expense for a professional apart from his liabilities. Thus, the vital question then someone wanting to upskill is how to fund their upskilling needs. How to fund my upskilling course? It’s simple, apply for an upskilling loan! A loan for upskilling or higher education is now readily available through banks and NBFCs. For example, Eduvanz, an NBFC, offers students upskilling loans at zero-cost EMIs, with minimum documentation and fast disbursals. What are the benefits of an upskilling loan by Eduvanz? No-cost EMI or l...
Is taking a loan for upskilling a good financial decision?
A loan is a bad term in India, and debt is the nail in the coffin of your social and financial status. Thus, in a country where higher education is considered a privilege rather than a necessity, students have a tough time learning and upskilling in the course of their choice due to the financial burden it causes. However, things of late have started looking up as paying off loans from your hard-earned money is considered a wise decision and a means of growing up. Popular Bollywood culture and the high-end lifestyle are also reasons which have contributed to the idea of taking loans as a necessity than a stigma. Thus, as students have started opting for loans to fulfil their learning needs, banks and other financial institutions have come forward with numerous educational and upskilling lo...
Tips & Tricks to Choose the Best Student Loan for Education
Student loans for education and upskilling loans are popular, accepted ways to fund your higher education dreams. Although taking loans without a regular income or job security sound daunting, it doesn’t have to be! Read this blog to understand how to easily choose a student loan and find the best of the lot for you. 5 Tips to Ensure You Select the Best Student Loan 1. Research the Different Types of Loan Options The market is flooded with banks and NBFCs ready to help students with loans. Most of these financial institutions aim to provide zero-cost EMIs for avid learners planning to upskill. However, before selecting the loan for yourself, it is ideal to do thorough research on your own or take the help of a financial advisor to know your loan options. Do not decide on availing o...
