Germany is a popular study abroad destination amongst Indians. The high quality of living, world-class educational institutes, excellent job opportunities, and so on attracts a large chunk of Indian students to Germany every year. If you too have plans to study in Germany and perhaps settle there, then you may be concerned about the finances. German cities like Munich rank among the most expensive cities to live in. To help you out, we take a look at the several ways you can fund your study plans and decipher which may be the best option for you.
1. Selling off family assets
It is a common occurrence in Indian families to sell precious family assets to finance the higher studies of the children of the family. Usually, the asset refers to land, multiple items of expensive jewelry, property, and so on. While this is a well-intentioned act, it may not be the right option. Firstly, the family may be left with no solid backup in case any financial issues prop up. Secondly, the amount received on selling the asset may not prove to be sufficient in some cases. There are a multitude of expenses that you will have to deal with if you study in Germany such as rent, flight expenses, insurance premiums, and so on. So, it is advisable to look for other options.
2. Borrowing from a friend/family member
This practice too is common amongst many people. It is preferred by some as it ensures that the finances stay amongst the family or loved ones only. However, this exact factor might cause a problem later on when the student is not able to repay the borrowed money on time. It might lead to the souring of relationships between the lender and the borrower. Plus, such an agreement might also lead to confusion as the exact terms and conditions might not be clear. Therefore, it is preferable to avoid such options for your plans to study in Germany.
3. Opting for an education loan
An education loan provides funding as per your requirement which you have to repay after your education is done and you have gained employment. A good education loan from a reliable lender can cover several kinds of expenses such as rent, travelling fare, costs for study materials such as a laptop, insurance premium, building fund, and so on. Nowadays, there are many lenders offering collateral-free education loan options. So, your family will not have to part with any valuable asset for you to pursue your plans to study in Germany.
A large number of students are also hesitant to apply for education loans as they think that they will have to pay large amounts as margin money. However, with many lenders offering 100% financing these days, the need to arrange margin money is eliminated. Considering these reasons and more, an education loan seems like the best funding option for your plans to study in Germany.
If you are concerned about the interest rates or how to structure your repayment for education loans, then you can take the help of a student loan interest calculator or an EMI calculator.
We hope the information provided here has been helpful to you. Thank you for reading!
Twitter is one of the most popular and commonly used social networking platforms all over the globe.
Recently, this platform has added several new features to its service, providing more accessibility and flexibility to its users.Sometimes, when you want to search for any tweets on a specific topic on your timeline, then it seems quite a hassle.
For many users, finding a tweet with any particular topic is not that easy task and feels like a nightmare as we have to go through all the tweets from friends, celebrities, news sources, and everyone else that we follow on Twitter.
Of course, we can use the functionality of the search option.
Do you want to know?There is a way through which anyone can find tweets in their timeline about a specific topic.
If you want to know that way, I recommend you to go through the entire report.
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In an increasingly digital world, your customers want answers to their queries instantly.
Adding live chat is a quick and convenient way to engage with your customers while they are on your website.
Research confirms that 82% of website visitors who are on live chat are more likely to convert to customers.
Here is how live chat can help you grow your business.
- Both are customizable and scalable.
- Live chat is proactively engaging and helps with targeted marketing at scale
What can you do with the database collected from live chats and chatbots?
Strengthen your inbound marketing strategy. Live chat and chatbots can give you access to insights on where your consumers are in the buyer journey. This information can help you engage your target audience irrespective of where they are in the marketing funnel.
- Share your newsletter or content collaterals
- Create new experiences for the visitors by sharing tailored paid ads leading to live chats
- Showcase your products or new releases
- Upsell current customers and time your customer’s journey with key events. For instance, share a combo offer when a customer is on your pricing page
- Qualify your leads without wasting anytime
- Route your leads to the right salesperson or teams
- Follow up using the CRM
Integrate Live Video Into Your Communication Strategy
Best practices for integrating live chats into your current workflow
- Be data driven – quantify your goals and metrics to success
- Define your intent – analyze your buyer’s journey to increase your conversion rates
- Set measurable goals – use A/B testing for your messages sent through emails
- Ensure faster communication – always plan to provide an escape CTA
- Implement new tech – integrate chatbots with your current tech tools
Using live chat for your business does more than improve your sales and revenue. It helps you create strong relationships with your customer—the vital foundation for building a successful business.
Originally published on Yorke Communications
