A Non-Banking Financial Company (NBFC) is a financial institution other than banks that offers various types of loans, including education loans. New age NBFCs are gaining popularity among students due to several reasons. By screening the academic profile of the students before offering the study loans, NBFCs have successfully managed to redefine the norms of lending student loans. Let us take a look into the details of how new-age NBFCs are playing a major role in helping students grab the best of educational opportunities:
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 Rate is 14% (WEF 01.02.2023).
The Spread is floating and is based on analysis of overall credit and course profiling.
This rate is subject to the terms and conditions of Avanse Financial Services Ltd.