We always aim to offer you competitive interest rates on your Avanse Education loan. The rate of interest on your loan is calculated as: Interest Rate = Avanse Base Rate + Spread Our current Base Lending Rate is 11.5%
The Spread is determined individually and is based on analysis of the credit and course profiling.
Rate of interest on student loan will be floating in nature.
Interest is calculated using Simple Interest Rate with Monthly rest.
This rate is subject to the terms and conditions of Avanse Financial Services Ltd.
Terms & Conditions
Avanse Financial Services Ltd. is authorized to disclose from time to time any information relating to the loan to any credit bureau (existing or future) approved by Government of India and Reserve Bank of India without any notice to the borrower. We are also authorized to make inquiries with the Credit Information Bureau of India (CIBIL) and get the applicants Credit Information Report. All Education loans are subject to approval and credit terms of Avanse Financial Services Ltd.
Our understanding of the education space and the complex admission process enables us to support the dreams of deserving students. Undertaking extensive research and utilizing our expertise, we focus on offering tailor-made financing solutions for every student. Getting a loan from us is a hassle-free process and we also provide additional benefits for education loans in India, abroad and executive courses.Our experts thoroughly research educational institutions to offer loans based on the following:
Nature of the course
Collateral Security Offered
Student Academic Background
Why take an Education Loan?
Every parent wants their child to benefit from good education, but sometimes money comes in the way of these hopes. Exhausting personal savings, borrowing from friends and relatives, selling property or jewellery is just not feasible for most people. That's where we come in, providing customized education loans to support one's education and cost of living.
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.
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.
Make the Right Choice
Avanse is your new-age financer. This mean we are approachable and sensitive to your needs as a student.
In fact, we believe that Avanse is more than just a financier. We have our finger on the pulse of youth. We understand young aspirations and goals and have designed loan products to suit diverse needs. We believe in supporting careers and go the distance by mentoring and guiding you along the way. The Avanse Edvantage is the extra edge or advantage we offer, demonstrating our resolve to help you create a future without limits.
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 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!