Avanse Education Loan
Achieve your global education goals with Avanse Financial Services’ tailored loan solutions, offering 100% financing and flexible repayment.
Overview
Avanse Financial Services is a leading education-focused NBFC in India, providing loans up to ₹1.2 crore without collateral and higher with security for studies in India and abroad. Supporting 3,400+ institutions across 40+ countries, Avanse offers 100% financing, pre-visa disbursement, and score-based benefits for a seamless loan experience.
Key Features & Benefits
- ✔ Loan Amount: Up to ₹1.2 crore unsecured; higher with collateral.
- ✔ Moratorium: Course duration + 1 year or until employment (whichever is early).
- ✔ Repayment Tenure: Up to 15 years, flexible plans.
- ✔ Collateral: Optional; unsecured loans based on profile.
- ✔ Rates: starting from ~9.5%.
- ✔ Tax Benefits: Interest deductible under Section 80C.
- ✔ Pre-visa Disbursement: Funds before visa for planning ease.
Eligibility Criteria
Student:
- Indian citizen, minimum 18 years old.
- Confirmed admission to recognized technical/professional courses.
- Solid academics and relevant test scores (GRE/GMAT/TOEFL/IELTS, as applicable).
Co-applicant:
- Indian citizen (parent, sibling, spouse, or extended family).
- Stable income source (salaried/pensioner, self-employed, rental, agricultural, etc.)
Documents Required
Student:
- Admission letter or application proof.
- Academic records (10th, 12th, graduation, entrance exam scores).
- KYC (Aadhaar, PAN, Passport, Voter ID).
- Passport-size photographs.
Co-applicant:
- KYC (Aadhaar, PAN, Passport).
- Income proof documents.
- Address proof (any utility billor rent agreement).
Other:
- Loan application form.
- Course fee structure.
- Collateral documents (if applicable).
Interest Rates & Charges
Avanse offers competitive floating rates tailored to the student’s academic profile and co-applicant’s financial strength.
| Loan Type | Interest Rate (p.a.)* | Processing Fee | Collateral |
|---|---|---|---|
| Unsecured (up to ₹1.2 crore) | ~10.5% | ~1% of loan (often negotiable via StudySahara) | Not required |
| Secured (above ₹75 lakh) | ~9.5% | ~1% of loan (often negotiable via StudySahara) | Required |
*Rates are indicative and vary by profile.
Application Process
- Submit Inquiry: Fill out our quick online form.
- Expert Guidance: Connect with our loan advisor for Avanse options.
- Document Prep: We’ll assist with doorstep document collection.
- Application: Submit online with our support to Avanse.
- Disbursal: Funds released post-approval, including pre-visa options.