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Avanse Education Loan

Achieve your global education goals with Avanse Financial Services’ tailored loan solutions, offering 100% financing and flexible repayment.

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Overview

Avanse Financial Services is a leading education-focused NBFC in India, providing loans up to ₹75 lakh without collateral and higher with security for studies in India and abroad. Supporting over 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 ₹75 lakh unsecured; higher with collateral.
  • ✔Moratorium: Course duration + 6 months or until employment.
  • ✔Repayment Tenure: Up to 15 years, flexible plans.
  • ✔Collateral: Optional; unsecured loans based on profile.
  • ✔Rates: 11.5%–14.5% p.a., lower for secured loans.
  • ✔Tax Benefits: Interest deductible under Section 80E.
  • ✔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 in India/abroad.
  • •Strong academic record and entrance exam scores (e.g., GRE, GMAT, TOEFL).

Co-applicant:

  • •Indian citizen (parent, sibling, spouse, or extended family).
  • •Stable income and good credit history.

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 (ITR, salary slips, 6 months’ bank statements).
  • •Address proof (utility bill, Aadhaar).

Other:

  • •Loan application form.
  • •Course fee structure.
  • •Collateral documents (if applicable).

Interest Rates & Charges

Avanse offers competitive floating interest 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 ₹75 lakh) ~11.5% - 14.5% 0.5%–2% + GST Not required
Secured (above ₹75 lakh) ~10.5% - 13.5% 0.5%–2% + GST Required

*Rates are indicative and vary based on profile. Contact Avanse for exact rates.

Application Process

  1. Submit Inquiry: Fill out our quick online form.
  2. Expert Guidance: Connect with our loan advisor for Avanse options.
  3. Document Prep: We’ll assist with doorstep document collection.
  4. Application: Submit online with our support to Avanse.
  5. Disbursal: Funds released post-approval, including pre-visa options.

Frequently Asked Questions