EDUCATION LOAN
We Work With You To
Turn Your Dreams Into Reality

Education Loans that cover your holistic education expenses


We know that you have big plans and you just need the last piece of the puzzle - the finance - to fall into place. That’s where we come in. We provide education loans that are simple & cover all your education-related expenses. This allows you to spend more time focusing on your degree and less time worrying about how to pay for it.

Our goal is to make things easier for you. Whether you choose to study in India or abroad, you can count on our education loans to pave the way for you. With Avanse, all the tedious paperwork and the complicated formalities go outside the window. We hand-hold you at every step of the way, guiding you and helping you find the right financing solutions.

You can apply online with just a few taps and before you know it, you will be on the phone with one of our loan consultants, flying through the application process. If you feel more comfortable talking to someone face-to-face, just say the word and one of our executives will be knocking on your door, ready to help! With Avanse, you get more than just financial solutions – you get a partner for your educational journey!

We are committed to providing seamless and affordable education financing solutions to every deserving Indian student. We value every dream, and hence, we offer customized financial solutions to meet the unique financial needs of every student. So, you can benefit from all-inclusive services, right from 100% finance to the fastest sanctions and more, that will propel your academic journey to new heights.

100% finance
100% Finance
Customized loans
Customized Loans
Fastest Sanctions
Fastest Sanctions
Flexible repayment options
Flexible Repayment Options
Fast track loan option
Fast Track Loan Option
Score-based benefits
Score-based Benefits
Student Academic Background
Living and Ancillary Expenses

Why is an education loan a smart option?


Higher studies are expensive, especially if you are thinking about going overseas. This can force parents to exhaust their savings or liquidate their assets, just to cover costs. In such a scenario, our education loans offer an easy way of managing these expenses seamlessly. We provide end-to-end financial solutions to ensure that the lack of funds can never come in between you and your academic aspirations.

With Avanse, you get a friend in finance that allows you to fulfil your dreams, easily & independently. More importantly, you keep your savings intact & assets invested. There’s more – you will also build your credit score in the process, this can be super helpful if you ever need to apply for a home loan or a marriage loan in future. This is a perfect win-win scenario.

Why education loans make sense, in a snapshot

valuable time period

Families can save for contingencies like medical emergencies, retirement, travel plans, etc.

financially responsible

An education loan helps you cover costs on your own, earning you the ‘self-made’ badge.

positive credit rating

Helps build a better credit score to ensure easier access & better deals on future loans.

contingencies

Insulates you from the increasing cost of inflation & volatile exchange rates.

safeguard students

Provides proof of funds & living expenses as well.

proof of funds

Lastly, you get enough time to comfortably repay the education loan.

The Avanse Edvantage

Education loans that go the extra mile!

Applying to a college is not easy, especially if you’re going abroad. There are so many formalities involved and you might have hundreds of questions relating to the admission process & your education loan. You can take comfort in the fact that we are always here to help.

You can call us for all your education-related queries and we will be more than happy to help. We also conduct regular webinars to guide our students and provide a detailed overview of foreign universities, courses and study destinations. We understand your dreams and it will be an honour for us to lend a helping hand to you in achieving the same.

100% coverage

100% Coverage
Your complete course fee, the cost of books, housing, travel and even the purchase of a laptop – our education loans cover all of this and more! Also, you don’t have to worry about providing any margin money!

No limit on the loan amount.

No limit on the loan amount
Whether you choose to study in India or abroad, our education loans have got you covered! Get complete financing for your course fee, no matter how much it is!

Tailored financial solutions.

Customized financial solutions
We understand that each student is different, that’s why our educational loans are tailored to meet your unique and varied needs.

Doorstep services

Doorstep services
Apply for an education loan from the comfort of your home. Get complete documentation assistance & enjoy a hassle-free application process.

Responsible borrowing.

Responsible Borrowing
Covering the cost of your further education with a student loan is the first step to financial independence. At Avanse, we make it easier to take this step by offering customized education financing solutions and easy repayment options that match your exact needs.

Assured Quality

Assured Quality
With Avanse, you are in safe hands! We are a Non-Banking Finance Company (NBFC), regulated by the Reserve Bank of India. We take great pride in the strong pedigree and proven track record of our shareholders – Warburg Pincus, a leading global private equity firm, holds 80% equity stake and International Finance Corporation (IFC), an arm of the World Bank, holds 20% equity stake in Avanse.

Total Student Support

Total Student Support
We leave no stone unturned to help you achieve your dreams. Besides our education loans, we also provide financial guidance & other resources to help students give it their best shot!

Frequently asked question

You have questions, we’ve got the answers!

The current interest rate for education loans in India is around 10% to 16.50%. However, it can vary from lender to lender. If you want to enjoy lower education loan interest rates, you can choose to provide some sort of collateral to secure your loan.
The application process for an education loan differs slightly from lender to lender. At Avanse, we make the application process simple and quick. In fact, you are just 4 steps away from getting the necessary finance.

Step one is to reach out to us. To do this, you can visit our branch or our website. Then you will have to fill a simple form. After this, you will have to provide all your relevant documents. Once your documentation is done, your loan will be disbursed.

To make things easier, we also provide doorstep services for our educational loans. We will send one of our representatives to your home to help you fill all the forms and collect all the required documents. They will hand-hold you through the entire application process to ensure things are hassle-free and convenient.
This depends totally on your loan worthiness. Generally speaking, loan amounts easily go up to Rs. 50 lakh mark. However, lenders can provide even more than this. In some cases, they do so without any security as well.

To get a better idea of the loan amount you can get, it is best to use an education eligibility calculator. Or better, get in touch with or schedule a home visit – once we assess your needs & your financial capacity, we will be in a better position to ascertain the maximum loan amount you can get.

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

Do note that this is an overview of the documents generally required for an Avanse Education Loan. For a more detailed list specific to your needs, kindly reach out to us on email at wecare@avanse.com and we will be happy to assist you further

If you are looking for the best education loan in India, your search ends at Avanse. We provide numerous features that make it easier for students to pursue their dreams. Some of these features include:

  • Loan sanction or Disbursement before admission/visa
  • 100% Finance: No Margin Money
  • No Upper Limit on Loan Amount
  • 1 day* 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 expenses such as costs of Test Preps, Consultant Fees, Admission -Applications, and your Course Fees & Living Expenses.

To put it as simple as possible, the moratorium period of an education loan is the period of time between getting the loan and paying your first EMI. At Avanse, we offer a holiday period of 6 months after you complete your course or 3 months after you have obtained employment, whichever is earlier. During this time, you do not have to pay any EMI for your education loan whatsoever.

However, you should note that, though you are not expected to pay your EMIs during the holiday period, especially if you are a full-time master’s level student, it definitely makes more financial sense to pay your EMIs during the holiday period.

  • The co-borrower must be an Indian citizen and could be a parent, sibling, legal guardian, or a relative
  • The co-borrower must have a bank account in any bank in India, with a cheque writing facility

With Avanse, you can benefit from the education loan tenure of 120 months!

The processing fees range between 1-2% of the loan amount, depending on the case.

The interest rate on your loan is calculated as: Interest Rate = Avanse Base Rate + Spread. The interest rate varies depending on the factors like academic scores, entrance exam scores, university, course and more.

You can opt from multiple repayment options:

  • Interest servicing during the course
  • Partial interest servicing during the course
  • EMI repayment during the course
  • EMI repayment post-holiday/moratorium period
  • Step up repayment facility

Yes, if you are able, you can definitely prepay your education loan, and charges for prepaying will depend on the prevailing policy of Avanse.

We cover the holistic cost of education. For example, you can get finance for the following:

  • Course fees
  • Entrance exams costs
  • Equipment purchase cost
  • Cost of study material
  • Any deposits payable

So, as you can see, when you opt for a study loan from Avanse, you won't have to worry about any education-related expenses.

Margin money refers to a certain percentage that the borrower has to pay, while the rest of the amount is taken care by the lender. However, at Avanse, we do not require you to provide any margin money as our education loan provides 100% finance.

You have to pay regular EMIs until the total loan amount (principal amount + interest) is completely paid off. Education Loan EMI Calculator and Education Loan Repayment Calculator are some interesting online tools to help you make well-informed choices. These tools will help you determine your repayment capacity.

Avanse offers you convenient and hassle-free payment modes as below, which ensures that your loan is repaid easily:

  • NACH
  • UPI apps (GPay, BHIM, PhonePe)
  • Digital Wallets
  • Debit Cards (Visa, Mater Card, RuPay)
  • Internet Banking
  • Cheque Deposit
  • Doorstep Hand Over of instalment to authorized Avanse employees

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)
136
4
80% Complete (danger)
64
3
80% Complete (danger)
59
2
80% Complete (danger)
29
1
80% Complete (danger)
>12

June 21, 2021
I want to thanks to the staff of avanse finance because they help me with education loan and the whole process is hassle free as they handle my query and respond it very swiftly . Because of the avanse I'll be able to pursue my dream so once again a big thanks to the avanse finances .

June 21, 2021
I can't explain in words how much I am grateful to you guys. I come from a middle-class family where people can not even think of going for a master's program whose total expense is close to 1 crore. After working hard for 3 years and saving every single penny that I could; I was still falling short of funds for my master's. You guys have been absolute support for me (like brothers) while getting this loan. I am more than satisfied with the experience. The loan process was hectic, but our combined effort had made it happen, even during covid restriction. It has been a pleasure knowing that people like you exist; who will go above and beyond to make someone's dream come true. I highly recommend Rohit, Sandeep, and Avanse Financial Services Ltd to anyone who needs an education loan. Heartiest Regards, Shreejit VermaI can't explain in words how much I am grateful to you guys. I come from a middle-class family where people can not even think of going for a master's program whose total expense is close to 1 crore. After working hard for 3 years and saving every single penny that I could; I was still falling short of funds for my master's. You guys have been absolute support for me (like brothers) while getting this loan. I am more than satisfied with the experience. The loan process was hectic, but our combined effort had made it happen, even during covid restriction. It has been a pleasure knowing that people like you exist; who will go above and beyond to make someone's dream come true. I highly recommend Rohit, Sandeep, and Avanse Financial Services Ltd to anyone who needs an education loan. Heartiest Regards, Shreejit VermaI can't explain in words how much I am grateful to you guys. I come from a middle-class family where people can not even think of going for a master's program whose total expense is close to 1 crore. After working hard for 3 years and saving every single penny that I could; I was still falling short of funds for my master's. You guys have been absolute support for me (like brothers) while getting this loan. I am more than satisfied with the experience. The loan process was hectic, but our combined effort had made it happen, even during covid restriction. It has been a pleasure knowing that people like you exist; who will go above and beyond to make someone's dream come true. I highly recommend Rohit, Sandeep, and Avanse Financial Services Ltd to anyone who needs an education loan. Heartiest Regards, Shreejit VermaI can't explain in words how much I am grateful to you guys. I come from a middle-class family where people can not even think of going for a master's program whose total expense is close to 1 crore. After working hard for 3 years and saving every single penny that I could; I was still falling short of funds for my master's. You guys have been absolute support for me (like brothers) while getting this loan. I am more than satisfied with the experience. The loan process was hectic, but our combined effort had made it happen, even during covid restriction. It has been a pleasure knowing that people like you exist; who will go above and beyond to make someone's dream come true. I highly recommend Rohit, Sandeep, and Avanse Financial Services Ltd to anyone who needs an education loan. Heartiest Regards, Shreejit Verma

June 21, 2021
Representative at Avanse finance are so supportive that anyone can feel very safe and feels easy to apply and go through all process. Cheers to Mr. Kushum Jha.

June 21, 2021
Quick & Supportive staff who helped in sanctioning & disbursing my loan in no time. Thankyou Avanse for all the support.

June 21, 2021
If you want any financial help or loan, this is the best place for you. Specially, Preeti medam who helped me a lot to get sufficient amount of loan. I am thankful to Avanse finance service for providing me loan with easy process. Just submit required documents and process will be done within short period of time.

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