Empower Your Future with Avanse Education Loans
Apply now for an education loan
Avanse Education Loans
You’ve put in the effort to chase your dreams. Now, let us help you make them a reality with an education loan in India! With Avanse student loans, you can focus on your studies while we take care of the finances. Whether it’s school tuition, college fees, or skill-enhancing courses, our loans for students have you covered.
We’ve made the education loan application process super easy—just a few clicks and you’re on your way to apply for education loan! One of our loan consultants will personally guide you through every step. Need a face-to-face meeting? No problem! We’ll send an executive to help with all the documents needed for education loan. Because at Avanse, we’re more than just lenders—we’re your education loan India financing partner, every step of the way!
Benefits of Choosing an
Avanse Education Loan in India
Getting an educational loan in India isn’t just about funding your studies—it’s about making smart financial choices for your future. Here’s how an Avanse education loan benefits you:
Easy Financial Planning
Plan your expenses better with a structured loan for education that covers tuition fees, living costs, and more.
Maintain Your Financial Independence
Focus on your education without putting financial pressure on your family. Our student loans in India give you the freedom to fund your dreams on your own terms.
Build Your Credit Score
Opting for a study loan in India, and repaying it on time, enables you to establish a strong credit history that you can rely on in the future while purchasing a home or vehicle.
Ease University Documentation
Many universities require proof of funds for admission and visa processes. Avanse provides the necessary documentation to support your journey.
Flexible Repayment Options
Choose from a variety of repayment plans that suit your financial situation, so you can repay your education loans at your own pace.
Our Educational Loan Features
High Loan Amounts
Apply for loans for students worth up to Rs. 1.25 crores to help take care of all your education-related expenses.Collateral-Free Options
We offer secured and unsecured student loans in India, ensuring every deserving student gains access to an education loan without collateral, if required.Student-Friendly Interest Rates
Benefit from attractive interest rates with our best educational loans in India that enable you to focus on your education without worrying about your finances.
Quick Sanctions
We process education loan paperwork as quickly as three days, fast-tracking your application for seamless admissions.Comprehensive Support
Our experts will provide financial guidance, doorstep service, and other support to help you make informed decisions about your study loan.Check Your Education Loan Eligibility Criteria
Applying for a student loan with Avanse is simple! Here’s what you need to know about eligibility for an education loan in India:
For Students
- Must be an Indian citizen aged 18 or above
- Should have confirmed admission to a recognised institute before the final loan disbursal
- Can apply for education loan to study graduate, post-graduate, or job-oriented professional/technical courses
- The courses and institutes must be approved by Avanse
For Co-Borrowers
- Must be an Indian citizen and a parent, legal guardian, sibling, or other blood relative of the applicant
- Should have a stable income and a bank account in India that allows them to sign cheques
- Will be considered the primary debtor for the educational loan
Step-by-Step Education Loan Application Process
Application Submission
Complete the online application form with accurate personal and academic details
Consultation
An Avanse representative will contact you to discuss your requirements and guide you through the education loan process.
Document Submission
Provide the necessary documents required for education loan, including identification, academic records, admission proof, and co-applicant details.
Loan Sanction
Upon verification, receive the loan sanction letter outlining the terms and conditions.
Disbursal
After signing and agreeing to the loan terms, the funds are disbursed.
Documents Needed for Education Loan Application
| Documents | Applicant | Co-Applicant | Collateral (If Applicable) |
|---|---|---|---|
| Valid photo ID (e.g., Aadhaar, Passport, Driver’s License) |
|||
| Proof of residence | |||
| Date of birth proof | |||
| Academic records (mark sheets, certificates) |
|||
| Proof of admission | |||
| Fee structure from the institution | |||
| Additional documents (if applicable) |
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| Income proof (salary slips, ITR, Form16) |
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| Bank statements for the last 8 months | |||
| Proof of relationship with the applicant | |||
| Additional documents (if applicable) |
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| Property documents | |||
| Insurance papers | |||
| Fixed deposit receipts |
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Frequently Asked Questions About Education Loans
The education loan in India process starts with identifying the ideal lender. Look for education-focused lenders like Avanse and fill out the form to apply for student loan. Once you share all the documents required for education loan and meet all the eligibility criteria, your loan will get approved and the amount will be disbursed.
When you opt for an education loan in India, you benefit from 100% financing. You get funds to cover your education-related expenses. Additionally, you enjoy student-friendly interest rates, flexible repayment options, and help with your application paperwork. A student loan in India is a fantastic way of earning a self-made badge and building a healthy credit score.
It will vary depending on the lender, and multiple other elements, such as the timely submission of the required documents. As a student-centric organisation, Avanse Financial Services provides quick sanctions within 3 days, provided you meet our preset eligibility criteria for an education loan in India.
When you have to start repaying your educational loan in India, you need to contact your bank. They can help you set up an auto-debit feature so that the monthly instalments get paid to your lender.
Yes, you can get an education loan in India without collateral. Before approaching a
lender, you must decide whether you want a secured or unsecured loan for students. You
may offer your residential property, life insurance policy, or non-agricultural land as
collateral for your loan. Lenders will evaluate the collateral documents for the education
loan in India and provide a loan amount and education loan rate of interest accordingly.
If you don't have anything to offer as security, don't worry! You can opt for a non-collateral
study loan in India. When you partner with Avanse, you can get an education loan in India
without collateral. After evaluating your previous academic records and your family’s
financial history, we will offer you a security-free educational loan in India.
Although unsecured loans are available, you cannot get an education loan in India without
collateral and without a co-applicant. When you apply for education loan, you must have a
financially strong co-applicant or guarantor.
Many banks limit your loan amount when you choose to apply for an education loan in India without collateral. At Avanse, we evaluate each case and let you know the maximum loan amount you can take. We also have a handy loan for education loan EMI calculator that helps you understand the loan amount you can apply for without worrying about rejection.
Read about the success stories of students who have achieved their educational aspiration.
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