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When it comes to selecting an institute for your higher education, we’re sure you want to consider all your options. India has been a hub of knowledge and learning since the 5th century, when institutes like Nalanda University attracted scholars from around the world. Today, India is home to over 1,000 universities! So if you decide to study in India, your options are anything but limited.
Many of the world’s best talents and CEOs are products of India’s higher education system. But just because your college is close to home, it doesn’t mean you won’t need financial assistance. We provide an education loan for students in India that aim to help you with 100% financial assistance for your course. With our help, you can focus on your education and work towards achieving your academic aspirations!
Most students who study in India do not think about funding their own education. Sometimes, they choose to skip the course they want in favour of another, more affordable variant. With an education loan in India, you never have to compromise on your studies. You can effortlessly achieve all your academic aspirations, thanks to the customised education financial solutions designed by Avanse – your education loan provider in India. At Avanse Financial Services, we offer education financing solutions for a wide range of courses including EMBA student loans. The best part, we’ll help you with more than just your tuition fees. Our loans cover the holistic cost of education, so we can help take care of your accommodation and the costs of purchasing your books and learning devices.
Many young adults today hope to build their future on their terms. By opting for a loan for higher studies in India, you can fund your education and remain financially independent. You don’t have to worry about being a burden on your loved ones.
Most students today worry about the impact their education has on their family’s finances. With a student loan in India, you can preserve your family’s savings for the future while following your dreams. With an Avanse education loan for Indian students, you can get the education you deserve without dipping into your family’s savings.
When you start managing your finances, you have the opportunity to build up your credit score. By opting for a student loan in India, you can start building your credit right from the time you’re 18. With a good credit score, you enjoy better deals on loans and interest rates in the future!
At Avanse Financial Services, we offer the best education loan in India, as it allows you to enjoy quick and hassle-free disbursals. We offer an education loan for MBA in India too, apart from several other courses. When you opt for an Avanse loan for higher studies in India, you benefit from the fast-track loan process and expert advice. Once we receive your application, we can disburse the loan in just a few days! You can fast-track your study in India loan and get the funds you need exactly when you need it!
Documents | Applicant | Co-Applicant | Additional Co-Applicant | Guarantor |
---|---|---|---|---|
2 Colour Passport-sized Photos | ||||
Photo ID | ||||
Residence Proof | ||||
Date of Birth Proof | ||||
Signature Verification | ||||
Academic Documents | ||||
Proof of Admission | ||||
Fee Structure | ||||
Income Proof | ||||
Collateral Documents | ||||
8-month Bank Statement | ||||
Relationship Proof |
Ideally, check which documents you need to submit and apply for the study in India loan well in advance to avoid last-minute hassles.
Once we receive the loan application for higher studies in India, our consultants will review it and get in touch with you if they require any additional information. 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, sign it and share the required documents, 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 – 120 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.
Read about the success stories of students who have achieved their educational aspiration.
Higher studies in India today have become expensive. If you hope to pursue an engineering or medical degree, you would have to pay a few lakhs out of your pocket. With an education loan for India, you can get 100% of the finance without touching your family’s savings. Additionally, the loan will help you build your credit score, making it the ideal way to finance your higher education.
To benefit from an Avanse Education Loan, you must be an Indian citizen over the age of 18, have a confirmed seat at your preferred institute and should have cleared your 10th standard exams.
It will greatly benefit your application if you have a good academic record and your co-borrower has a steady source of income. To enhance your higher education, you should find institutions that have a good rating.
Our education loans will cover:
You can opt for a minimum loan amount of INR 1,00,000. The maximum loan amount we provide will depend on your parents’ financial standing and your fund requirements. If you’d like to understand the maximum loan amount you can opt for, you can use our Education Loan Eligibility Calculator or contact an Avanse advisor.
A margin amount is a lump sum that you contribute towards your education. It’s a bit similar to a down payment on a home or car before you apply for a loan. At Avanse, we provide up to 100% funding for your course, so we do not charge a margin amount.