Education loan is a prudent choice as it bridges a gap between you and quality education. Besides, it enables you to finance your education independently without depending on your parents. So, if you are planning to opt for a student loan to study in India or study abroad, this article is for you. So, let’s understand a few student loan requirements that will make the education loan process easy for you.
Although the student loan eligibility criteria may vary depending on the education loan provider, here are some basic requirements to be eligible to get a student loan.
Imagine you have perfect academic scores, entrance exam scores and confirmed admission to your dream university. All that keeps you from achieving your academic aspirations is finance. But you are missing some important documents, which makes the education loan process complicated. To avoid this situation, you must ensure that all the documents are in place.
Here is the list of important documents
The education loan lenders will analyse the student’s potential before processing the student loan. So, having an impeccable academic record and a good entrance exam score will increase your chances to get a student loan. Every financier will have specific criteria to evaluate your employability potential. Here are some common criteria to keep in mind when you apply for an education loan.
So, these are some important eligibility criteria to keep in mind when you apply for an education loan. At Avanse Financial Services, we believe in empowering students, and hence we offer multiple benefits such as 100% finance, customised loans, fastest sanctions, flexible repayment options and more. If you need any help, we will be glad to assist you on your academic journey. All you have to do is connect with us. All the best!
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 14.25% (WEF 01.05.2023).
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.