EDUCATION LOAN

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Turn Your Dreams Into Reality

Education Loan

The education loan sector has seen many changes and developments. It has created a gateway for many students to fulfill their dreams and aspirations. The present state of the economy of our country requires technically and professionally trained manpower in large numbers. In this backdrop, educational loans serve as investments for our future economic development and prosperity. At Avanse, we deliver tailor-made study loan solutions with an aim to make the entire process simple and hassle-free. We will ensure that the normally tedious and complicated process of application is simplified so that you don’t have to worry at all. We understand the important role finances can play in the life of a student, whether studying in India or abroad. The solutions we provide leave you with one less thing to worry about and provide you with an easy educational loan in India or abroad. 

Nature of the Course
Nature of the Course
Institute Standing
Institute Standing
CO-Borrower Details
Co-Borrower Details
GRE/GMAT Scores
GRE/GMAT Scores
Collateral Security Offered
Collateral Security Offered
Student Academic Background
Student Academic Background

Why Take an Educational Loan?

Studying overseas is a dream that may exhaust all of your parents’ savings and force you to borrow from friends and family. Education loans give you a chance to overcome this problem and make sure those resources are there safeguarding your future. At Avanse, we believe in making our students independent to repay their education loan in a less tiresome manner. We do that by providing competitive interest rates and a simplified procedure. Our aim is to make you independent for your own career growth. 

Educational loans can be a stepping stone in your efforts to achieve your dreams. We want to make you accountable for your education by making you the primary applicant of your loan, so that your parents can be stress-free. An investment in knowledge today will help you to bear the fruits of it for the rest of your life. Consider this loan as an investment for your better future.  

valuable time period

We offer a valuable time period to pay the principal amount post completion of the course.

financially responsible

We ensure that students become financially responsible as they will most likely be able to pay for some of the expenses incurred during completion of higher Education Loan.

positive credit rating

We help create a solid and positive credit rating with timely payment; and ensure that personal relationships with family and friends aren't strained due to money woes.

contingencies

Families can save for contingencies like health, travel, retirement etc without liquidating all their assets in times of need.

safeguard students

We safeguard students against inflation and or currency fluctuation – in case of the educational course being imparted in a foreign university.

proof of funds

Lastly, we provide the prerequisite of providing proof of funds while admission and support a student's cost of living too.

Avanse Edvantage

Make the Right Choice

At Avanse, we believe in giving the best-in-class study loan products. Our approach is student-oriented promoting a two-way communication. We are always available for all your queries related to education loans. We conduct regular webinars to guide our students and provide a detailed overview of foreign universities, their courses and the study destination. We understand your dreams and would feel proud to lend a helping hand to you in achieving the same.  

100% coverage

100% Coverage
An Avanse education loans for students means we completely fund your course fee + living expense during your period of study, as well as guarantee timely payment to the institute. This also means Zero margin money.

No limit on the study loan amount

No Limit On The Study Loan Amount
We pay your course fee, whatever it is. Whether you are taking education loan in India or abroad, we have you fully covered.

Sensitive Solutions

Sensitive Solutions
We understand that each student, or university or curriculum or country may not necessarily have the requirements. Which is why we provide customized solutions with flexibility in loan structuring.

At-Your-Door Services

At-Your-Door Services
At Avanse you don’t even need to visit us to complete the formalities for your study loans in India or abroad application. We will visit you and hand-hold you through your entire documentation, through our hassle-free and transparent process.

Responsible Borrowing

Responsible Borrowing
We care for our customers. While we hand-hold you through the loan process, we also insist on instilling a sense of responsible borrowing to the students by highlighting the importance of maintaining a good credit history.

Assured Quality

Assured Quality
With Avanse be assured that your funding is from a secure and credible source. We take pride in the fact that the International Finance Corporation (IFC), an arm of the World Bank, holds 20% equity stake in Avanse. We are a Non-Banking Finance Company (NBFC), regulated by the Reserve Bank of India.

Total Student Support

Total Student Support
Lack of funds should be the last reason to further your dream of higher education. At Avanse we take pride in the fact that we have nurtured and financed meritorious students, who would have foregone a confirmed admission due of lack of funds.

Intelligent partnership

Intelligent Partnership
Avanse has collaborated with the cream of institutes, universities and consultants. We care for every student in India and wish to build initiatives that drive educational excellence such that both the student as well as the institute benefit.

*Terms and Conditions Apply

Frequently asked question

To answer your question, the current rate of interest for an education loan in India is anywhere from 10% to 16.50% and may vary from lender to lender. Normally, unsecured education loans have a higher rate of interest as the risk of non-repayment is higher because there is no security; however secured education loans have a lower rate of interest.
Education loan across the country of India has become a common phenomenon for students who wish to pursue their higher education abroad. Applying for an education loan requires minimum documents depending bank to bank or any financial institution in question. Education loans have helped several aspiring students across the nation to fulfil their aspirations and dreams to study abroad. All one needs to do is, keep their GRE/GMAT scores in hand, their university admit letter, and their mark sheets. Some institutions and banks require customers to provide their co-borrowers financials such as their IT declarations, income proof’s and if the loan amount is large then their house papers too. Applying for an education loan in India has become simple in comparison to that how it was a few years before. Things have become faster and more streamlined reducing the turnaround time for banks to process these loans
The amount of education loan that one can provide to students depends totally on the amount required by the student themselves. Education loans cover not just the fees but also any and all other expenses incurred by the student during their tenure of study. These include fees, rent, living expenses, utilities, laptop and other expenses. One can apply for an education loan with nationalized banks, NBFC’s or any financial institution. The loan amount can vary starting right from one lakh to fifty lakhs. This number however may change depending to which of these players one visits. Education loans in India have been disbursed even for the amount of 50 Lakhs and above, but this is purely case to case basis. Some students may require an education loan of more than 50 Lakhs and it is disbursed on the basis of the kind of property one can mortgage or even unsecured (without property/collateral) if the company provides the same.

Here is a list of some of the documents that you would need:

  • Your KYC
  • All your educational documents.
  • The details of the cost of your course.
  • The KYC of the co-borrower.
  • The income documents of the co-borrower.
  • Collateral documents.

If you want a complete list of the documents you have to submit for an education loan Click here. It would be great if you could submit the documents according to the checklist because this would save us both a lot of time and energy. Also, please do not forget to self-attest all the submitted documents so that they cannot be misused.

  • Loan sanction or Disbursement before admission / visa
  • 100% Finance: No Margin Money
  • No Upper Limit on Loan Amount
  • 4 days* Loan Sanction
  • Flexible Repayment Options
  • Hassle-free & Transparent Process
  • Doorstep Service
  • Post Disbursement Online Account Management
  • Certificate of Availability of Funds (For USA)
  • Covers all Pre-Admission & Education Expenses such as costs of Test Preps, Consultant Fees, Admission Applications and your Course Fees & Living Expenses

Very simply put, the time between the loan pay out to the time you pay your first EMI (Equated Monthly Instalment) is called a holiday period or moratorium. There is no repayment in this period. A holiday period is the maximum time a student gets before he / she can start paying back the principal loan in the form of EMIs.

We offer a holiday period of 6 months after you complete your course or 3 months after you have obtained employment, whichever is earlier.

It would be good to note that although you are not expected to pay your EMIs during the holiday period especially if you are a full-time, masters level student, it would make more financial sense to pay them off, if you are able.

The option of simple interest repayment during the course (the principal moratorium option) is generally not offered for bachelor's level or part-time courses.
We at Avanse generally don't suggest this as an option to our customers or give this as the past option.  

FAQs are indicative in nature. The facility shall be subject to its terms and conditions*

Customer Reviews

Avanse Education Loan

Avanse Education Loan
product rating: 4 based on 665 ratings

Average user rating

4 / 5

Rating breakdown

5
80% Complete (danger)
71
4
80% Complete (danger)
51
3
80% Complete (danger)
59
2
80% Complete (danger)
29
1
80% Complete (danger)
>12

September 16, 2019
Avanse has helped me fly independently and dream more. I recommend Avanse for whoever looking for financial service provider of educational loans.

February 07, 2019
Good service, get education loan at your door step through Avanse.

December 09, 2019
I trust about educational loan through Avanse.