A solid educational background is the foundation for a stable career and a higher salary package. Anyway, the continually increasing expense has put it beyond reach for a good number of individuals.
Therefore, nearly every individual must finance their postgraduate studies through loans for higher education from banking institutions or non-bank financial institutions. Students who are unable to obtain a loan for higher education simply because of a lack of a co-applicant, guarantor, or appropriate security, or maybe due to the institute’s bad ranking, may think about applying for a personal loan.
Sometimes, when we reach adulthood, we don’t want to impose more financial burdens on our parents for our higher studies. At this moment, we start searching for some part-time jobs that can give us a lump sum of money at the end of the month. Then we start to cover our higher study costs from there. But we don’t let our dreams remain only dreams; we look for ways to turn them into reality. So if you are also among these individuals, you can easily opt for a personal loan with your little income.
If you want to reach your standard of living goals, need money to cover health care or unforeseen expenses, or want to continue your higher studies, you can certainly go with a personal loan. Loantap has the exact personal loan option for you. With its low-interest rates and speedy loan disbursement, you can get financial assistance with easy loan payback and the necessary flexibility.
On the other hand, CASHe can assist in expanding the accessibility of credit to freshly salaried youngsters who have been rejected by traditional banks by providing a speedier, more adaptable, and straightforward personal loan option. Traditional lenders frequently lack confidence in first-time customers or individuals with no credit history. CASHe offers you the choice of a standard bank loan, supported by a cutting-edge new credit assessment system that assists in determining your potential to repay.
For your assistance, we are presenting here a comparison between two types of loans that may be the best option for your specific needs.
Check Here the Table
| Loan Tap Personal Loan | CASHe Personal Loan | |
| Minimum Salary | 12,000/-Per Month | 12,000/- Per Month |
| Rate of Interest | 11% to 24%(Reducing) | 1.5% to 3% (Fixed) |
| Loan Amount | Rs.50k to 7 Lac | Rs.10000 – Rs.4 Lakh |
| Processing Charge | 1% to 2% | 1.5% to 2% |
| Loan Tenure | 12 Month to 36 Month | 12 Month to 60 Month |
| CIBIL Score | 675+ | 550+/ Not Mandate |
| Location | PAN India | PAN India |
| Applicant Age | 23 Year to 56 Year | 21 Year to 45 Year |
| Minimum Job Experience | 1 Month | Not Required |
| Current Employer Business Vintage | 3 Years | Not Required |
| Part Payment Allowed | No | No |
I think the table will help you a little bit to choose the best option that will meet your needs.
Conclusion
When you are ambitious in life to complete your higher education by any means, I will suggest that you not stop your desires. Let them fly; let your dreams come true. Don’t let financial shortages become a barrier to your higher educational aspirations. When you have options to get immediate funding assistance, why are you wasting more time? Hurry up! Don’t let the opportunity pass you by.