You cannot compromise on your child’s education. After all, quality education is the key to a successful future! However, the specialized courses offered by leading universities can burn a hole in your pocket. While paying the fees might not be unaffordable, these fees can take up a lot of your cash and impact your financial freedom and so, a line of credit by MoneyTap can also come in handy when you need a quick personal loan for educational purposes.
Features and Benefits of MoneyTap’s Line of Credit as a Personal Education Loan:
Instant approval in real-time on a credit line of up to ₹ 5 Lakh
Choose to withdraw as little as ₹ 3,000 or as high as your approved limit depending on your financial needs
Pay interest only on the amount you use and not on the amount approved
Withdraw 100% cash or rack up reward points by using your MoneyTap credit card
Repay in flexible EMIs while choosing a convenient payment period anywhere in between 2 to 36 months
You are only required to submit your proof of address and proof of identity to get started
I wanted to take up a weekend Executive MBA program as I don't have time to attend regular college since I'm working. I used MoneyTap to pay the fees, and I was really surprised at how fast my credit line was approved. The flexible tenure and EMI options make it very easy to repay the loan.
Come from a middle-class family and want to fund your child’s education
Pay your child’s fees without any last-minute hassles
Fund your child’s education abroad
Pay your child’s college fees and other additional expenses
Meet the expenses related to your child’s education, such as tuition fees, living expenses, books, uniforms
Upgrade your job skills with an advanced course
Want to pursue advanced degrees or higher education at colleges across the country
Want to pay off a student loan debt
Rather than compromising on the university and the educational program, all you need is an education loan to fund your child’s education and save your savings for later. This way you won’t be cash-strapped and your child will be able to complete his or her education without any monetary hindrances.
Tips to Use a Personal Education Loan Responsibly:
If borrowing for higher education, look at your career options wisely and the possibilities you may have after your course is complete, and judge if you would be able to get a job to pay off the loan.
Calculate your budget and the loan amount you require at a given period of time.
For parents, who haven’t saved enough for their kids’ education, plan for the repayment of the loan with EMIs that do not disturb your monthly expenses.
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With MoneyTap’s line of credit you will have money available instantly 24x7 to use anytime, anywhere. Click below to experience its power.