Reasons to finance your overseas education with Gold Loan
Have you always wanted to study abroad but were worried about the costs? There is no doubt that pursuing higher education overseas is a dream for many students, but the costs of studying abroad are increasing every year. Since most people can’t afford such high fees, many of them believe that an education loan is their last remaining alternative. But there is no denying that applying for an educational loan is a difficult and lengthy procedure. One might, however, consider other non-traditional loan methods to obtain funding for international education. One of the easiest ways to raise money is through SahiBandhu gold loans.
Why finance your overseas education with SahiBandhu Gold Loan?
Here are four reasons why financing your overseas education with a gold loan may be the best option:
- Gold loans offer competitive interest rates: If you compare the interest rate on a gold loan to that of other loans, you will discover that it is comparatively lower. You can get a gold loan for a year at a low interest rate (starting at 8.5%).
- Gold Loan is flexible: Another benefit of gold loans is that they are flexible. This means that you can choose how much money you want to borrow.
- Gold Loan can be used for any purpose: A gold loan can be a brilliant alternative, whether you require the money for college fees, living expenses, or something else different.
- You can get access to funds quickly with a gold loan: Finally, if you need access to funds quickly, then a gold loan could be the ideal solution.
How to apply for a Gold Loan?
One of the most popular ways to finance an overseas education is through a gold loan. The interest rate on a gold loan is typically lower than other types of loans, making it an attractive option for students looking to finance their education.
- The process begins by logging into the SahiBandhu website or by calling 1800 309 8440 and providing basic information about your requirements.
- A SahiBandhu Officer will then come at your doorstep to assess your gold jewellery while you stay in the comfort of your own home.
- The gold collateral must be given in the form of jewellery with a minimum purity of 18 carats.
- The executive will weigh and assess the gold to determine the loan amount.
- Once the documentation has been verified and completed, the gold loan will then be credited to your account.
- The jewellery will be safely kept in a sealed bag and it will be deposited in the vault of the nearest branch of our partner bank.
- Your gold will be returned to you in its original condition as soon as the loan balance has been paid in full.
Why choose a gold loan over an education loan?
There are several reasons why a gold loan might be a good option to finance your overseas education:
- Low-interest rates: Gold Loans typically have much lower interest rates than other types of loans, making them more affordable in the long run.
- High approval rates: Gold Loans also tend to have high approval rates, meaning, you’re more likely to be approved for financing.
- No credit check required: They are a great alternative for people with bad or no credit score because your gold collateralized gold Loans don’t require a credit check.
- Flexible repayment terms: Gold Loans offer flexible repayment terms, so you can tailor your repayments to suit your budget and lifestyle.
- Fast and easy approval process: Gold Loans can be approved quickly and easily, so you can get the financing you need without any delay.
- No Bank Verification Required: Bank verification and income proof are not required.
There are many reasons to finance your overseas education with a gold loan. Gold loans have several benefits that other financing options do not, including lower interest rates, more flexible repayment terms, and the ability to use your gold as collateral. If you are considering about financing your overseas education, the SahiBandhu gold loan should be at the top of your list.