Protect your Education
Loan with EdSure &
EdSure+

To avail the benefits of EdSure, you must:

• Send your request to return the loan from your registered email ID to wecare@avanse.com at least 7 days before the end of the 30-day look-up period.
• Return the entire loan amount within the 30-day look-up period.
• Have a regular loan account with Zero Days Past Due (Nil DPD) when you submit your request. Any overdue amount must be cleared before requesting the loan return.

Please note:

• Processing fees, statutory charges, taxes, duties, bounce charges and other penal charges are non-refundable.
• Avanse reserves the right to reject requests that do not meet the applicable terms and conditions.
• All other terms mentioned in your loan agreement and sanction letter will continue to apply.

The 30-day look-up period begins on the date of loan disbursement, when the loan amount is released or transferred.

Simply send your request from your registered email ID to wecare@avanse.com, along with your loan account number.

To return your loan successfully, the entire loan amount must be repaid within the 30-day look-up period. If the loan amount has already been disbursed directly to your university, you will need to arrange for the funds to be returned to Avanse or repay the equivalent amount yourself within the applicable timeline.

If the amount returned by the university is lower than the total loan amount disbursed, for example, due to foreign exchange rate fluctuations, you will need to pay the difference to complete the loan return successfully.

Yes. Eligible amounts deducted towards insurance and other value-added services (VAS) will be reversed once the entire loan amount is returned within the 30-day look-up period, subject to the applicable terms and conditions.

No. Any processing fee paid upfront is non-refundable.

The following charges are non-refundable:

• Processing fee paid upfront
• Statutory charges, taxes and duties
• Penal charges, including cheque bounce charges and late payment fees

No. If your loan is returned under the EdSure look-up period, it will be reported to the credit bureau as "Closed/Cancelled within Look-up Period" and will not negatively impact your credit history.

If you return your loan after the 30-day look-up period, it will be treated as a regular loan foreclosure, and the standard loan terms and charges will apply.

If the entire loan amount is not returned within the 30-day look-up period, your request will not be processed and your loan will continue as per the applicable loan terms.

No. To avail the benefits of EdSure, you must return the entire disbursed loan amount within the 30-day look-up period. Returning only part of the loan amount or making a partial prepayment does not qualify for the benefits under EdSure.

EdSure+ is an optional assurance feature offered by Avanse that extends the standard 30-day look-up period by an additional 30 days, giving you a total assurance period of 60 days. If your student visa is refused for the study destination mentioned in your loan documents, you can return the entire loan amount within this period without paying capitalised/compounded interest, subject to the applicable terms and conditions.

The look-up period (also known as the cooling-off period) is the time during which eligible borrowers can choose to return their entire loan if they decide not to continue with it.

Eligible Avanse borrowers who are applying for a loan to study in either the US, Canada, Australia, or Germany, can opt for EdSure+ by paying the applicable subscription and processing fees before loan disbursement.

EdSure+ is currently available for students pursuing higher education in:

• United States (US)
• Canada
• Germany
• Australia

If your student visa is refused, you can return the entire loan amount within 60 days from the date of loan disbursement (30-day standard look-up period plus an additional 30 days), subject to the applicable terms and conditions.

The capitalised/compounded interest accrued during the extended assurance period will be reversed. However, any partial/simple interest already paid is non-refundable.

To avail the benefits of EdSure+, you must:

• Pay the subscription fee of ₹9,999 + GST and the applicable upfront processing fee before loan disbursement.
• Send your request to return the loan from your registered email ID to wecare@avanse.com at least 7 days before the end of the 60-day assurance period.
• Return the entire loan amount within the 60-day assurance period.
• Have a regular loan account with Zero Days Past Due (Nil DPD) when you submit your request. Any overdue amount must be cleared before requesting the loan return.
• Be returning the loan due to student visa refusal for the study destination mentioned in your loan documents.

Please note:

• The subscription fee and upfront processing fee are non-refundable.
• Partial/simple interest already paid is non-refundable.
• Statutory charges, taxes, duties, bounce charges and other penal charges are non-refundable.
• Avanse reserves the right to reject requests that do not meet the applicable terms and conditions.
• All other terms mentioned in your loan agreement and sanction letter will continue to apply.

The look-up period begins on the date of loan disbursement, when the loan amount is released or transferred.

Simply send your request from your registered email ID to wecare@avanse.com, along with your loan account number.

To return your loan successfully, the entire loan amount must be repaid within the applicable assurance period.

If the loan amount has already been disbursed directly to your university, you will need to arrange for the funds to be returned to Avanse or repay the equivalent amount yourself within the applicable timeline.

If the amount returned by the university is lower than the total loan amount disbursed, you will need to pay the difference to complete the loan return successfully.

Yes. Eligible amounts deducted towards insurance and other value-added services (VAS) will be reversed once the entire loan amount is returned within the applicable assurance period, subject to the applicable terms and conditions.

No. There are no hidden charges or foreclosure penalties.

However, the subscription fee of ₹9,999 + GST and the applicable upfront processing fee must be paid before loan disbursement to avail the benefits of EdSure+. These charges are non-refundable.

No. Any processing fee paid upfront is non-refundable.

The following charges are non-refundable:

• Subscription fee of ₹9,999 + GST
• Processing fee paid upfront
• Partial/simple interest already paid
• Statutory charges, taxes and duties
• Penal charges, including cheque bounce charges and late payment fees

No. If your loan is returned under the EdSure+ assurance period, it will be reported to the credit bureau as "Closed/Cancelled within Look-up Period" and will not negatively impact your credit history.

If you return your loan after the applicable assurance period, it will be treated as a regular loan foreclosure, and the standard loan terms and charges will apply.

If the entire loan amount is not returned within the applicable assurance period, your request will not be processed and your loan will continue as per the applicable loan terms.

No. To avail the benefits of EdSure+, you must return the entire disbursed loan amount within the applicable assurance period. Returning only part of the loan amount or making a partial prepayment does not qualify for the benefits under EdSure+.

The subscription fee of ₹9,999 + GST must be paid before loan disbursement, when you opt for EdSure+. This fee is in addition to the applicable upfront processing fee.