In the recent past, education has become incredibly expensive. Apart from regular school fee revisions, parents also have to worry about the rising costs of online courses that enhance their child’s ability to secure seats in the world’s best colleges. Given the ever-increasing costs, parents must plan their finances carefully. However, an emergency or unexpected event can disrupt your planning and leave you unable to make payments for a while. Thankfully, we have an easy solution. Our Avanse short term loan for education allows you to pay your child’s education fees in affordable monthly instalments.
Now Finance Your Child's Future
Apply NowWhat Are Short-Term Loans for Your Child’s Education?
Avanse short-term loans for your child’s education help with:
-
Curriculum Fee Financing
Get the funds you need to pay your child’s school fees upfront and repay us in affordable monthly instalments. -
Non Curriculum Fee Financing
Get your child the help they need via online/offline tutoring or courses, and we’ll help with the funds. Our loans provide the entire amount at the onset, giving you the flexibility to repay the amount in affordable EMIs.
for My Child’s Education Work?
Many schools and online/offline courses today ask parents to pay the annual fees upfront. There are times when parents are unable to cover the necessary expenses, which makes it difficult for them to pay. When you opt for short-term loans for your child’s education, Avanse will pay the required amount to the school or online institution. You can then pay us back in affordable EMIs. The idea is to take the burden of a large payment off you while ensuring your child gets the education they deserve.
Features of Short-Term Loans for Your
Child’s Education from Avanse
Loans up to INR 3 lakhs*
Zero Paperwork
3 or 6 month EMI repayment
Interest free with affiliated schools and institutions*
Fixed processing fee of INR 999
Instant approvals
Zero pre-payment charges
Benefits of Avanse Short-Term Loans for Your
Child’s Education for Parents
High Loan Amounts
We provide 100% of the fee amount up to INR 3 lakhs.
Minimal Paperwork
You can apply for a short-term loan for your child’s education online. You do not need to submit several documents.
Easy Repayment
You can repay the amount in affordable EMIs over three to six months.
Interest free
You can repay the amount in affordable EMIs over three to six months.
Low Processing Fee
Pay just INR 999 as the processing fee for short-term loans for your child’s education. The amount remains unchanged, irrespective of your loan amount.
Quick Approvals
We approve applications within a few minutes. You will not have to wait for weeks and months to find out the status of your application.
Zero Pre-Payment Charges
If you manage to get your finances in order, you can pre-pay the loan without worrying about a penalty.
How Do I Apply for an
Avanse Short-Term Loan for My Child’s Education?
Want to start the application process right away? Here’s what you need to do:
Get In Touch
To start the process, you can click here. Ideally, let us know the amount and the school's or online institution's name. We’ll be better equipped to help you if we have all the information.
Share Your KYC Details
We don’t believe in burying you in paperwork, but we will require some KYC documents. We will use this information to verify your application and details before approving your request.
Get Approved
Once we have all the documents, we’ll approve the loan application in just a few moments. You won’t have to wait for weeks or months to know where you stand.
Loan Disbursal
We’ll pay the amount directly to the school or online institution before the fee payment deadline.
It's okay to have questions, because we've got answers!
To be eligible for a study abroad loan from Avanse, you only need to meet the following eligibility criteria:
- You should be a citizen of India
- You should be 18 years old or above
- You should have a confirmed admission in the Institute of your choice
- You should have an earning co-borrower in India
Do you check all the above boxes? Well, congratulations, you are eligible to apply for our education loans for abroad studies! As for point number 3 – if you do not have a confirmed admission in the Institute, you can still get a pre-admission loan. This will help you cover all your pre-admission expenses including entrance exam fees, consultation fees, the cost of prep tests, etc. These loans can also provide proof of funds to increase the chances of your application being selected.
Our loans cover your entire student life journey. Right from the course fee to the purchase of study material, we will take care of everything! Here is a rough list of expenses you can get covered with our loan for higher education abroad:
- The course fees
- Purchase of books, study material, computers and project expenses
- Traveling expenses for students traveling abroad
- We also cover your insurance premium
- Caution deposit, building fund, entrance exam fees, the cost of prep tests and entrance exams, consultation fees, etc
With an education loan for abroad, you get 100% finance. This ensures that all your expenses are taken care of. Therefore, instead of worrying about funds, you can focus fully on your studies. We will handle the costs for you!
At Avanse, we believe that you should aspire without boundaries! That's why we do not have any limit when it comes to the loan amount. However, the loan amount that we can provide depends on numerous factors such as your academic record, the course you've selected, your parent's ability to repay the loan, etc. To get a better idea of the loan amount you can avail, use our eligibility calculator. You can also come to the nearest Avanse Financial Services branch office or you can contact us to schedule a home visit.
We provide 100% finance. This means that you do not need to provide any margin money to get an educational loan for abroad studies. Amazing isn't it?
You do not need to provide collateral or any form of security to get an educational loan for abroad studies. However, if you are able to provide security in the form of residential/commercial property or a fixed deposit, then you will enjoy higher loan amounts and/or reduced interest rates.