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.
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.
We offer a valuable time period to pay the principal amount post completion of the course.
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.
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.
Families can save for contingencies like health, travel, retirement etc without liquidating all their assets in times of need.
We safeguard students against inflation and or currency fluctuation – in case of the educational course being imparted in a foreign university.
Lastly, we provide the prerequisite of providing proof of funds while admission and support a student's cost of living too.
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.
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
We pay your course fee, whatever it is. Whether you are taking education loan in India or abroad, we have you fully covered.
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 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.
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.
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
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.
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.
Here is a list of some of the documents that you would need:
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.
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.