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Avanse Financial Services is a technologically advanced, education-focused Non-Banking Financial Company (NBFC) in India dedicated to providing seamless and affordable education financing for students and educational institutions.
Avanse - Education Loan
5 days Avg Loan Processing Time
Apply NowOur education loan counsellors will stay by your side every step of the way and recommend the best partner and guide you through the loan applying and sanctioning process.
Margin
NIL
Collateral
Collateral free loans available
Loan Tenure
Up to 15 Years
Processing fee
0.5% to 1.0%
Early Repayment
Yes (without any charges)
Living Cost
Yes (covered)
Secured Loan
Up to ₹2 Cr
Un-Secured Loan
Up to ₹1 Cr
Features of Avanse Education Loan For Abroad Studies
Having a solid grasp of the fundamental aspects of any education loan enables you to adeptly handle your education financing journey and chase your academic ambitions without excessive financial strain. Kindly review the table below to assess whether Avanse aligns with your specific needs:
| Features | Education Loan Details |
|---|---|
| Loan amount | Upto ₹2Cr (Collateral) / Upto ₹1Cr (Without Collateral) |
| Margin money | Nil |
| Processing fee | 0.5% to 1.0% + GST |
| Processing time | 5 Days |
| Loan tenure | 15 Years |
| Prepayment charges | Charges applicable for early repayment (varies from case to case) |
| Repayment holiday | For principal payment, 6 months after course completion |
| Countries covered | USA, Canada, UK, Ireland, New Zealand, Australia, Germany and others |
| Payment study period | Yes, partial interest, simple interest, direct EMI |
Eligibility Criteria to Apply for Avanse Education Loan
It is important to understand the eligibility criteria for Avanse education loans, as this knowledge will enable you to evaluate your qualification for financial aid before you apply. The following outlines the primary eligibility requirements:
| Type | Requirement |
|---|---|
| Age Requirement | You must be at least 18 years of age while applying for the Avanse education loan. |
| Confirmed Admission | You must have an admission letter from the desired university you are applying for. |
| Academic Excellence | A good academic track record is expected. You must undertake entrance examinations like GRE, IELTS, TOEFL, etc. The GRE score is especially important when seeking education loans for the US. |
| Eligible Courses & Countries | Covers regular graduate, post-graduate, diploma, certificate and doctorate courses in any discipline offered by foreign institutes in the USA, UK, Canada, Australia, New Zealand, France, Germany and Ireland, among others. |
| Co-Applicant Eligibility | A co-applicant is mandatory — the applicant's mother, father, sister, brother, spouse, a relative or legal guardian with a regular source of income and a good credit history. |
Benefits of Avanse Study Abroad Loan
Comprehensive Coverage
The Avanse education loan provides full financing for your international education, covering tuition fees, textbook expenses, accommodation, travel and even a laptop for college — so you can focus entirely on your studies.
Tailored Financing
Avanse delivers tailored loans by acknowledging each student's academic achievements, course and university, preventing excessive borrowing and ensuring the most appropriate amount for your financial capacity.
Flexible Repayment Options
Together with customised financing, Avanse provides repayment options that are flexible and tailored to your financial situation.
Quick Loan Processing
Avanse understands the importance of proof of funds in admission and visa applications, and works to keep your loan processing time to a minimum.
Effortless Application
With Avanse there is no need to switch between banks — apply online from the comfort of your home and keep track of your application.
Looking for Faster and streamlined Process?
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