Education Loans

The education loan segment has seen tremendous developments and has created a gateway for many students to fulfil their aspirations. The present rate of economic growth of the country demands technically and professionally trained man power in large numbers. In this backdrop, education loans are seen as investments for economic development and prosperity. At Avanse we help deliver tailor made solutions just for YOU. We aim at making the entire process so simple and hassle free that you would not even sense the slightest of worries for your application which normally feels like a roller coaster ride. We understand how important a role finances play in student lives, especially when they travel abroad. The solutions we provide leave you with one less thing to worry about and thus provide you with immediate to one day education loan sanction guarantee. Knowledge and data would be the thrust for economic growth within the coming years.

Nature of the course

Nature of the course

Institute standing

Institute standing

Co-borrower details

Co-borrower details

GRE/GMAT scores

GRE/GMAT scores

Collateral Security Offered

Collateral Security Offered

Student Academic Background

Student Academic Background

Why take an Education Loan?

Studying abroad may in all probability mean giving up on lots of your parent’s savings. Why exhaust those resources that may well be of better help to them when you have an ease of access to education loans. We believe in making students independent to repay their education loans in a less tedious manner with competitive interest rates and a simplified procedure in place to support your aspirations. You’re the engine of your career growth. Education loans are a stepping stone for you in your career and provide you an ease of access to support your dreams. We believe you and hence place you in a accountable position making you the primary applicant of your loan so your parents can be stress free. If you invest in knowledge today, you will reap the benefits, throughout your life. Take into account an education loan as an investment. Education is an investment in you.

We offer a valuable time period to pay the principal amount post completion of the course.

We ensure that students become financially responsible as they will most likely be able to pay for some of the expenses incurred during completion of higher Education Loan.

We help create a solid and positive credit rating with timely payment; and ensure that personal relationships with family and friends aren't strained due to money woes.

Families can save for contingencies like health, travel, retirement etc without liquidating all their assets in times of need

We safeguard students against inflation and or currency fluctuation – in case of the educational course being imparted in a foreign university

Lastly, we provide the prerequisite of providing proof of funds while admission and support a student's cost of living too.

avanse edvantage

Make the Right Choice

At Avanse we deliver the best in class education loan product not only at competitive pricing but also keeping in mind many other benefits that students can take advantage of. The approach we possess is student oriented so that the desired outcome is derived. We always promote a two way communication and hence are always available for all student related queries and encourage the same to our students as only then their queries could be addressed keeping the process transparent not just with providing the educational loan alone but through their entire process. Regular webinars are conducted with a motive to guide students and provide a holistic view of universities, courses and country of visit. We understand young aspirations and would be proud if we could lend a helping hand to achieve what they have always dreamt about.



100% coverage: An Avanse education loan means we completely fund your course fee + living expense during your period of study, as well as guarantee timely payment to the institute. This also means Zero margin money.


No limit on the Education Loan amount: We pay your course fee, whatever it is.


Sensitive Solutions: We understand that each student, or university or curriculum or country may not necessarily have the requirements. Which is why we provide customized solutions with flexibility in loan structuring.


At-Your-Door Services: At Avanse you don’t even need to visit us. We will visit you and hand-hold you through your entire documentation, through our hassle-free and transparent process.


Responsible Borrowing: We care for our customers. While we hand-hold you through the loan process, we also insist on instilling a sense of responsible borrowing to the students by highlighting the importance of maintaining a good credit history.


Great Lineage: Avanse is proud of its mother company, and the fact that it is an associate company of Dewan Housing Finance Corporation Limited (DHFL). DHFL revolutionized the way finance was looked upon in the real estate sector and is today one of India’s largest housing finance companies in the private sector. Avanse understands the intricacies finance and borrowing because we retain in our DNA the pool of experience from our association with DHFL.


Assured Quality: With Avanse be assured that your funding is from a secure and credible source. We take pride in the fact that the International Finance Corporation (IFC), an arm of the World Bank, holds 20% equity stake in Avanse. We are a Non-Banking Finance Company (NBFC), regulated by the Reserve Bank of India.


Total Student Support: Lack of funds should be the last reason to further your dream of higher education. At Avanse we take pride in the fact that we have nurtured and financed meritorious students, who would have foregone a confirmed admission due of lack of funds.


Intelligent partnership: Avanse has collaborated with the cream of institutes, universities and consultants. We care for every student in India and wish to build initiatives that drive educational excellence such that both the student as well as the institute benefit.

At Avanse, competent advice, industry experience, door-step services and a loan sanction process almost as fast as pizza delivery!

FAQ's

The rate of interest across the country for education loans range from 10% to 16.50%. However the rate of interest may vary bank to bank or any other financial institution or NBFC. The main components which are the deciding factors when it comes to the rate of interest are weather the loan provided is secured or unsecured. Unsecured loans have a higher rate of interest as the risk of repayment is higher since there is no security; however secured loans have a lower rate of interest. Thus many firms ask for collateral while providing education loans in India. The rate of interest that Avanse provides education loans at is 12.75% and may increases cases to case basis. Education loans have helped the young guns of our country to pursue their aspirations and reach soaring heights

Education loan across the country of India has become a common phenomenon for students who wish to pursue their higher education abroad. Applying for an education loan requires minimum documents depending bank to bank or any financial institution in question. Education loans have helped several aspiring students across the nation to fulfil their aspirations and dreams to study abroad. All one needs to do is, keep their GRE/GMAT scores in hand, their university admit letter, and their mark sheets. Some institutions and banks require customers to provide their co-borrowers financials such as their IT declarations, income proof’s and if the loan amount is large then their house papers too. Applying for an education loan in India has become simple in comparison to that how it was a few years before. Things have become faster and more streamlined reducing the turnaround time for banks to process these loans

The amount of education loan that one can provide to students depends totally on the amount required by the student themselves. Education loans cover not just the fees but also any and all other expenses incurred by the student during their tenure of study. These include fees, rent, living expenses, utilities, laptop and other expenses. One can apply for an education loan with nationalized banks, NBFC’s or any financial institution. The loan amount can vary starting right from one lakh to fifty lakhs. This number however may change depending to which of these players one visits. Education loans in India have been disbursed even for the amount of 50 Lakhs and above, but this is purely case to case basis. Some students may require an education loan of more than 50 Lakhs and it is disbursed on the basis of the kind of property one can mortgage or even unsecured (without property/collateral) if the company provides the same.

When we speak about documents when it comes to education loans, all one needs to do is, keep their GRE/GMAT scores in hand, their university admit letter, and their mark sheets. Some institutions and banks require customers to provide their co-borrowers financials such as their IT declarations, income proof’s and if the loan amount is large then their house papers too. With all of this, the bank or the financial institution runs a check on the co-borrowers credit scores and once that is done, the results for the same is notified to the customer

  • Loan sanction or Disbursement before admission / visa
  • 100% Finance: No Margin Money
  • No Upper Limit on Loan Amount
  • 4 days* Loan Sanction
  • Flexible Repayment Options
  • Hassle-free & Transparent Process
  • Doorstep Service
  • Post Disbursement Online Account Management
  • Certificate of Availability of Funds (For USA)
  • Covers all Pre-Admission & Education Expenses such as costs of Test Preps, Consultant Fees, Admission Applications and your Course Fees & Living Expenses

Customer Reviews

Avanse Education Loan

Avanse Education Loan
product rating: 4 based on 665 ratings

Average user rating

4 / 5

Rating breakdown

5
80% Complete (danger)
60
4
80% Complete (danger)
42
3
80% Complete (danger)
59
2
80% Complete (danger)
29
1
80% Complete (danger)
12

March 11, 2015
Avanse is very informative and neatly designed. Students & parents can approach avanse with confidence for education finance solutions. A big thums up for this financial service

March 11, 2015
good support from mumbai office

March 11, 2015
Avanse fulfilled my educational finance requirement within a week. I got the best interest rate deal with low processing fee. I got ample time for repay as well. Thank you so much Avanse.