Due to the rising cost of education, most students who aspire to study abroad
or in India find it challenging to achieve their academic aspirations. But the
easy availability of an education loan in India helps students achieve their
academic aspirations by providing the necessary finance, which eases their
One of the features of the best education loan in India is that it covers tuition fees, accommodation expenses, cost of living, library fees, travel expenses and other education-related expenses. Whether you are pursuing higher studies in India or abroad, you can avail an education loan for pursuing all kinds of courses – graduation, post-graduation and PhD. Many reputed financial institutions offer student loans for skilling, upskilling and vocational courses too.
Eligibility criteria of a student loan in India
To get a student loan, it is necessary to meet certain eligibility criteria. The conditions may vary from one financial institution to another; however, here are some basic education loan eligibility criteria as follows:
Important Note: The eligibility criteria of a study loan may differ from one loan provider to another.
Quick facts about an education loan in India
There are some basic facts associated with the education loan. Prior knowledge about these facts helps you to make an informed decision. The facts are as follows:
Important tips before applying for a student loan in India
Indeed, taking an education loan is the best way to cover your higher education cost independently. However, keep these crucial tips in consideration before applying for the loan:
Availing an education loan is one of the best ways to finance your education, especially when the cost of education is multiplying with every passing year. Feel free to connect with Avanse Financial Services to know more about education loans.
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.