Fuel Your Dreams with an Avanse Education Loan

Applying for an education loan today is quick and seamless. You need to:

• Check your eligibility and gather the necessary documents.
• Complete the online application and upload your paperwork.
• Review and accept the loan agreement.
• Focus on your education while your lender takes care of your finances.

To apply for and secure an education loan in India, you must:

• Meet the eligibility requirements
• Submit a complete application
• Respond to queries and the agreement promptly

At Avanse, we streamline the journey and make the process straightforward.

Provide accurate personal, academic, and financial details. Along with the completed form, ensure you upload legible documents. Always review your form before submitting to avoid delays and unnecessary rejections.

Ideally, the loan process follows: Eligibility check → Application → Documents → Verification → Sanction → Disbursal.
We keep our education loan process simple and provide clear status updates at every checkpoint to ensure you’re always in the loop.

If documents are complete and verification is smooth, approval can arrive within days. Timelines vary by profile.

With complete documents, you can get your loan approved within three days. However, if you are offering collateral against your loan, your lender may require more time to verify the security and paperwork. At Avanse, we are committed to quick turnarounds to ensure you get your loan approved in time.

Amounts vary by program cost, institution, destination, and repayment capacity. Lenders assess the tuition fees and your profile before deciding limits.

There’s no universal cap. Each lender has their own specific policy. Usually, professional and international courses often qualify for higher amounts, subject to eligibility and security. At Avanse, we support high-ticket programs with clear terms.

Yes, especially for recognised courses and strong profiles. It depends on policy, institution, and documents. We’ll confirm feasibility based on your offer letter and budget.

Often, yes. You can use a top-up after fresh assessment and revised fee letters. Approval depends on eligibility at that time.

Often yes. However, it should fall within the sanctioned limits. Usually, hostel costs, meal plans, insurance, and travel are approved items. Check your sanction letter for inclusions.

Collateral is an asset pledged as security, such as property or fixed deposits. It can enable higher loan amounts or different pricing. Many applicants with strong academic records qualify for high loan amounts even without collateral.

Not always. Most lenders offer non-collateral loan options. However, they may limit the amount you can borrow without providing security.

Yes, you can apply for and receive funding without putting up any security or collateral. However, your loan amount will depend on your lender’s policy and your repayment capacity. We can examine your case and advise the most feasible route to ensure you can fund your education with or without collateral.

This depends on your co-applicant’s financial profile, your chosen course and institution, and the lender’s policy at the time. While many lenders may ask for collateral, some will offer the loan amount without security.

The amount varies by lender, program, and co-applicant profile. Lenders may offer higher non-collateral amounts based on your chosen institution and program. Typically, lenders offer higher amounts for students pursuing courses that are perceived to lead to high-paying jobs and good job security.

The borrower and co-applicant are jointly responsible for repaying loans. EMIs are usually deducted from the co-applicant’s account until the borrower begins earning. At Avanse, we structure our EMI payments to ensure a smooth cash-flow for us and our borrowers.

Usually, you have to start paying after the moratorium, which is the course duration plus a grace period of around three to six months. The exact dates will be outlined in your sanction letter. You can choose to start making small repayments towards your interest amount while you study, helping you manage your EMIs easier later. We’ll send reminders and help you set up auto-debit to ensure you never default on your repayment.

There are a few different ways to repay the loan, including:

• Setting up standing auto-debit instructions with your bank.
• Paying online monthly before the due date.
• Making part-prepayments to reduce interest when possible.

Your payment options include:

• Auto-debit/standing instructions
• Online portal payments/NEFT
• UPI (where available)

Feel free to choose whichever method suits you best, and we’ll help you set it up to keep you on track.

The benefits include:

• Timely funding
• Manageable moratorium periods
• Predictable EMIs

Loan features include:

• Flexible tenures
• Staged disbursals
• Non-collateral options

We’ll tailor features of the education loan to your course and comfort.

The best option balances total cost, moratorium, tenure flexibility, and service quality. Compare interest rates, additional fees, and repayment features before you decide. At Avanse, we help you evaluate the best education loan in India for your situation.