Under the Avanse EdSure offer, borrowers are eligible to return the entire loan amount within 30 days (look-up period) from the date of disbursement (as recorded in the loan statement), without paying interest for that period. Any interest accrued during the said look-up period shall be reversed.

Avanse EdSure is subject to the following conditions:

• Borrower shall send a written request to return the loan amount at wecare@avanse.com at least 7 days prior to the end/expiry of the look-up period of 30 days;
• Borrower shall return the entire loan amount within the look-up period of 30 days;
• This offer is applicable only for regular accounts, i.e. Zero Days Past Due (Nil DPD) as on the date when the request to return the loan is made. The borrower shall clear all outstanding arrears before requesting the return of the loan;
• Fees and charges, including penal charges/bounce charges, shall not be refundable;
• Any cost towards statutory levies, taxes, or duties is not refundable;
• AFSL reserves the right to reject any request if the above conditions are not met;
• All other terms of the loan document/sanction letter shall be applicable.

The look-up period starts from the date of loan disbursement, i.e. the day the loan funds are released or transferred.

You can initiate the request to return the loan by sending a formal request from your registered email ID to wecare@avanse.com along with your loan account number.

To successfully return the loan, the entire loan amount must be returned to the Company to be adjusted against the loan account within the look-up period. If the funds are disbursed directly to the university, you must coordinate and arrange to send the funds back to the Company or pay back the loan amount yourself within the look-up period.

If the funds received from the university are lower than the total disbursed amount for any reason (including foreign exchange rate fluctuations), the difference (shortfall) must be borne and paid in full by the borrower to return the loan successfully.

Yes, the amounts deducted from the disbursed amounts towards insurance or other value-added services will be reversed after the entire loan amount is returned within the look-up period.

No. The processing fee paid upfront is non-refundable and will be retained by the Company if the loan is returned.

Any statutory charges, taxes, duties, penal charges, i.e. cheque bounce charges or late payment fees, are non-refundable and will be retained by the Company if the loan is returned.

No. Since the loan is returned under the Avanse EdSure offer look-up period, it will be updated in the credit bureau records as "Closed/Cancelled within Look-up Period". It will not negatively impact your credit history.

If you return the loan after the look-up period, it will be treated as a regular loan foreclosure, and standard loan terms shall be applicable.

If you do not return the loan amount within the look-up period or if funds are unavailable for auto-debit, your request to return the loan will be rejected, and the loan will remain active in accordance with the loan terms.

Returning part of the loan amount is not permitted under Avanse EdSure. To receive the offer's benefits, you must return the disbursed loan amount in full. If you can make partial prepayments at any time during the loan tenure, you will not qualify for the Avanse EdSure Offer.

The Avanse EdSure+ offer provides an extended 30-day period in addition to the initial 30-day loan facility look-up period under the Avanse EdSure Offer. This offer effectively allows return of the entire loan amount without incurring capitalised/compounded interest (subject to payment of non-refundable fees) in the event of the student visa refusal at the study destination, as specified in the loan documents.

A look-up period (also referred to as a cooling-off period) is the time window given to borrowers to exit loans if they decide not to continue with the loan.

All customers can avail the benefits of the Avanse EdSure+ offer by paying the applicable fees.

Avanse EdSure+ is available for pursuing education in the US, Canada, Germany and Australia.

Under the Avanse EdSure+ offer, borrowers are eligible to return the entire loan amount within 60 days, i.e., 30 days loan facility look-up period + an extended 30 days period from the date of disbursement (as recorded in the loan statement), without capitalised/compounded interest for the said period. The borrower shall incur the partial/simple interest paid during the said period. Only the portion of the balance interest accrued during the said extended period (interest capitalisation portion) shall be reversed.

The Avanse EdSure+ offer is subject to the following conditions:

1. Borrower shall upfront pay the portion of applicable subscription fees, that is ₹9,999 + GST, and processing fees of at least 0.45% of the sanctioned loan amount + GST.
2. The fees mentioned above shall be non-refundable.
3. Borrower shall send a written request to return the loan at wecare@avanse.com at least 7 days prior to expiry of the extended assurance period (overall 60 days from the date of disbursement);
4. Borrower shall ensure return of the entire loan amount within the said assurance period of 60 days;
5. This offer is applicable only in case of the student visa refusal for the specified study destination in the loan document;
6. This offer is applicable only for regular accounts, i.e. Zero Days Past Due (Nil DPD) as on the date when the request to return the loan is made. The borrower shall clear all outstanding arrears before requesting the return of the loan;
7. Any partial/simple interest paid shall not be refundable;
8. Fees and charges, including penal/bounce charges, shall not be refundable;
9. Any cost towards statutory levies, taxes, or duties is not refundable;
10. AFSL reserves the right to reject any request if the above conditions are not met;
11. All other terms of the loan document/sanction letter shall be applicable.

The look-up period starts from the date of loan disbursement, i.e., the day the loan funds are released or transferred.

You can initiate a request to return the loan by sending a formal email from your registered email ID to wecare@avanse.com, along with your loan account number.

To successfully return the loan, the entire loan amount must be returned to the Company to be adjusted against the loan account within the look-up period. If the funds are disbursed directly to the university, you must coordinate and arrange to send the funds back to the Company or pay back the loan amount yourself within the look-up period.

If the funds received from the university are lower than the total disbursed amount for any reason (including foreign exchange rate fluctuations), the difference (shortfall) must be borne and paid in full by the borrowers to return the loan successfully.

Yes, the amounts deducted from the disbursed amounts towards insurance or other value-added services will be reversed after the entire loan amount is returned within the look-up period.

There are no hidden charges, and you will not be charged any foreclosure fees or cancellation penalties, except for subscription fees of ₹9,999 and a processing fee of at least 0.45%, which must be paid upfront for the Avanse EdSure+ offer.

No. The upfront paid processing fee is non-refundable and will be retained by the Company if the loan is returned.

Any statutory charges, taxes, duties, penal charges, i.e., cheque bounce charges or late payment fees, are non-refundable and will be retained by the Company if the loan is returned. Furthermore, any upfront processing fees and assurance fees paid to avail of the Avanse EdSure+ benefits are not refundable.

No. Since the loan is returned under the Avanse EdSure+ offer look-up period, it will be updated in the credit bureau records as “Closed/Cancelled within Look-up Period”. It will not negatively impact your credit history.

If you return the loan after the look-up period, it will be treated as a regular loan foreclosure, and standard loan terms shall be applicable.

If you do not return the loan amount within the look-up period or if funds are unavailable for auto-debit, your request to return the loan will be rejected, and the loan will continue as active as per the loan terms.

Returning part of the loan amount is not permitted under the Avanse EdSure+ offer. To receive the offer’s benefits, you must return the disbursed loan amount in full. If you make partial prepayments at any time during the loan tenure, you will not qualify for any Avanse EdSure+ offer benefits.

Subscription fees of ₹9,999 + GST are payable at the time of opting for the Avanse EdSure+ offer, prior to disbursement of the loan to avail the benefits under the Avanse EdSure+ offer. This fee is in addition to the upfront processing fees.