WHY YOU NEED A STUDENT LOAN.

Oftentimes, we are tasked with the responsibility of setting goals and creating timelines to accomplish those goals.

We have seen the likes of Mark Zuckerberg, Bill Gates, Steve Jobs and Jeff Bezos have the ability to be great. But greatness needs a foundation — they all had the required skills needed to blossom before beginning their journey as tech giants, regardless of how many stories you’ve been told about most of them dropping out of school to pursue their dreams, they had tech skills to last a lifetime and leave a legacy — so they did.

This is why you should consider upskilling and by doing so take one step closer to where you want to be….however upskilling requires time and money. Let’s assume you have time, money may not be readily available so what next?

Anywhere else in the world education is paid for using student loans, but here in Nigeria there is always the fear of taking loans, especially the ones with outrageously high-interest rates. Did you know that Skillup student loans have low interest rates — likely the best you can find?

Still not convinced? Here are some benefits of taking student loans;

• No credit history is required. Unlike loans from banks and credit unions that require credit history, student loans often don’t. It is a lot easier to be eligible for a student loan than any other kind of loan because, in most cases, the loan is being offered to you to upskill and enable you to land a great-paying job. Nonetheless, there will be documentation required for you to be qualified for a student loan.
• Fixed interest rate. The interest rates on student loans are set, which means they will not fluctuate during the course of the loan. Rates on private loans might be fixed or variable. The principal benefit of a fixed-rate loan over a variable-rate loan is that the borrower is shielded from large or unexpected increases in monthly payments if interest rates climb.
• Low-interest rates. You may have come across a lot of platforms in Nigeria that offer multi-purpose loans for your needs, and most of those platforms offer a very high-interest rate with a very short period of time to pay back. But with platforms like Skillup Africa you get access to low-interest rates, as low as 10% and a longer timeline to pay back your loan.

• Repayment grace period. Unlike other loans, organisations like Skillup Africa offer a 6-month moratorium for anyone who has taken a student loan before they commence repayment. The grace period gives you time to complete your course and search for a job.
• Income-driven repayment options. There is flexibility in paying back your loan. There are plans for different income circumstances. You can pay within a 6–12 month period. This is a sustainable way to ensure swift repayment while remaining flexible.

You can enjoy the benefits above if you apply for a tech-focused student loan from Skillup Africa.

At Skillup Africa, we have also created a career accelerator to support individuals who take student loans to help guide them on their career journey.

If you need help to get started with your career in tech, we can assist you with a student loan that helps cover your tech training (Data Science with Python, Product Design (UI/UX), Frontend Web Development with React, Backend with Python Django or WordPress, and Graphics Design), and a career programme that organises engaging industry events and virtual community-building activities to keep you engaged with the blooming tech ecosystem.

For more enquiries, send us a message at hello@skillup.africa or visit www.skillup.africa