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 11.7% (w.e.f June 01, 2018).
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.
If you’ve found yourself nodding at any of the above options, you need to surf through the Avanse Student Loan Refinancing program.
Just because you have taken a loan does not mean that you need to stick to its dictates forever. If you have taken an educational loan, then a student loan refinancing program is something you MUST explore.
We offer a range of options—from payoff speed and optimized monthly payments to reduced lifetime cost and more. Our team of finance professionals will be at your doorstep to update you on finance smart-moves. We work with any bank and there are no origination fees or prepayment penalties.
Peace of mind is here, with these special features