Moving abroad for your higher education opens several doors. You can gain access to highly-acclaimed and globally recognised programmes, or you may enhance your career prospects for the future. Irrespective of why you’d like to move overseas, there’s no denying that a study abroad loan can help you achieve all your dreams!
Once you start applying to colleges abroad, you may realise that there’s a lot of paperwork involved in securing an education loan. When you partner with us for an overseas education loan, you don’t have to do all the work alone. We’ll be with you at every step of the journey!
When you decide to study abroad, you have to worry about more than just your tuition fees. The cost of living in another country and buying your textbooks all start to add up. Before you even secure your admission, you must prove you have the funds required to pay for your student life abroad. With an Avanse study abroad loan, you don't have to worry about the costs. Our loan for Indian students to study abroad covers all your education-related costs, right from course fees to travel, books and learning devices. We also offer an education loan for abroad studies without collateral and with collateral. Whatever you need, we’ve got you covered!
As an education-focused organisation, we recognise all the hard work you put into achieving your academic aspirations. We offer preferential interest rates and other special privileges to high merit students applying for our loan for studying abroad.
Sometimes, you may need a quick loan to facilitate your admission process. That’s what our fast-track overseas study loan provides.
A pre-visa loan helps students fulfill their financial requirements to qualify for a student visa. At Avanse, we offer pre-visa loan to fulfill their academic aspirations.
We’ll sanction a student loan to study abroad so you can confirm your seat at your preferred university with ease.
Most universities abroad require you to prove you have the funds to pay for your tuition and living expenses. We’ll provide you with the funds and the certificate to show the availability of funds.
Our partnership starts right from when you decide to get an education loan for study abroad in India. Our bridge loans help you with the cost of entrance exam prep and fees, applications, living costs and more!
Most young people today do not want to live their life with any boundaries or restrictions. They like to question what’s considered normal and hope to pave their own path in life. These young visionaries can benefit the most from our student loan for studying abroad. Enterprising individuals who seek more opportunities can head overseas and gain access to a plethora of educational options.
Moving abroad to study can mean a lot of financial stress on you and your family. Young people today do not want their parents to sacrifice anything for them. Instead, they fund their own education with a study abroad loan in India. By doing this, they get to live life on their own terms. With the help of our education loan for study abroad, they fund their own education and living expenses.
Sometimes, young individuals need a little help with the application paperwork for the course of their dreams. They may also need some financial assistance to take care of their living and other costs. With an education loan to study abroad, they can get the help they need without worrying about being a burden on their loved ones.
If you’re considering an education loan for study abroad, you’ve come to the right place.
Look no further than our Avanse study loan for abroad. Our education loan for abroad studies offers the following benefits:
Here's how you can get your education loan for
study abroad application started:
Students can apply for a foreign education loan for graduate or post-graduate courses or other job-oriented professional or technical courses. The courses and the institute offering them must be approved by Avanse.
|2 Colour Passport-sized Photos|
|Date of Birth Proof|
|Proof of Admission|
|8-month Bank Statement|
Ideally, check which documents you need to submit and apply for the loan well in advance to avoid last-minute hassles.
Once we receive the application, our consultants will review it and get in touch with you if they require any additional information. If your application checks all our boxes, we will provide you with a formal Loan Offer letter. Here, we outline the loan amount you can get as well as a list of documents we require from you. You may use the loan offer letter to secure your seat at your preferred university or institute.
Once all the paperwork is ready, we will provide you with an education loan agreement. The agreement lists out all the terms and conditions. After you review the paperwork and sign it, we will disburse the loan amount via DD, cheque or electronic transfer.
|Description of Charges||Charges and Fees|
|Pre-payment charges||No pre-payment allowed within 6 months from the disbursal of the loan|
|Charges for late payment of PMII/EMI||2% per month|
|Cheque/ECS bounce charges (per bounce)||INR 500/- plus applicable GST|
|Document handling charges (during foreclosure)||INR 2,000/- onwards plus applicable GST|
Additional services, as required, will be charged at a nominal fee as per Avanse policy.
Minimum loan repayment tenure – 12 months
Maximum loan repayment tenure – 180 months (including the course duration)
We also offer a grace period of 6 months from the time you complete the course or a grace period of 3 months from the time you secure your first job.
Yes, you can apply for an education loan to study abroad. Indian lenders have a list of approved countries, colleges and courses. They will issue loans if you have a confirmed seat for a recognised course at a reputed college and if you meet their eligibility criteria.
To apply for an education loan for abroad studies, you must be an Indian citizen over the age of 18, have a co-borrower who earns in India, and confirmed admission to the institution. Additionally, your co-borrower must be an Indian citizen who could be a parent, sibling, other blood relative or legal guardian. They should be the primary debtor and have a bank account in India that allows them to sign cheques.
While applying for a loan to study abroad, you need to provide course and fee details, your KYC and educational documents, your co-borrower’s KYC and income details, collateral documents in case of a secured loan and other relevant documents required by your financial institution. The type of document
To get a student loan for the USA from India, you must meet the eligibility criteria. You must have secured admission, be an Indian citizen over 18, and have a co-borrower earning in India.
The loan amount depends on your course fee and the potential costs of living abroad. You can use an online education loan expense calculator to understand how much you will likely require to manage comfortably.
Yes, you can get an education loan for study abroad courses without collateral. Before approaching a lender, you must decide whether you want a secured or unsecured study loan for abroad programs. You may offer your residential property or non-agricultural land as collateral for your loan. Lenders will evaluate the documents required and provide a loan amount and education loan rate of interest.
If you don’t have anything to offer as security, don’t worry! You can opt for an education loan without collateral. When you partner with Avanse, you can get an education loan for abroad studies without collateral. We believe every student deserves a chance to access the world’s best education. After evaluating your previous academic records and your family’s financial history, we will offer you a student loan for abroad courses without asking for security.
Opting for an abroad education loan without collateral may impact your loan amount and interest rate. You can use an online education loan eligibility calculator to understand the maximum loan amount you could get without collateral.
Every young Indian deserves the chance to follow their dream of studying abroad. At Avanse, we help level the playing field. With our education loan for studying abroad, you can move overseas to fulfil your academic aspirations. At Avanse, we are proud to provide a student-friendly education loan interest rate for abroad study to help you achieve all your dreams. When applying, you must check the abroad education loan eligibility criteria to avoid unnecessary rejection.
Understanding the student loan for study abroad age criteria and other minimum requirements can make the application process quick and easy. Let's look at the Avanse eligibility criteria for an overseas education loan.
Students can apply if they:
Co-borrowers also need to meet the following eligibility criteria:
Students can apply for a foreign education loan for graduate or post-graduate courses or other job-oriented professional or technical courses. Avanse must approve the courses and the institutes offering them.
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