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- Flexibile Collateral
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Help us with a few details
Need a quick loan assistance? Call Our Experts:
+91 7088 855 855, +91 7088 844 844
We Fund Your Future GuaranteeAvanse Financial Services was established in 2013 with the sole purpose of enabling students to achieve their academic aspirations
Study Abroad Loan – We help students fund up to 100% of the cost of studying and living abroad!
Study in India Loan – We enable students to achieve their academic aspirations by offering 100% of the tuition fees!
Short Term Loans – Get the funds you need to pay your child’s school fees upfront or fund your child’s online/offline tutoring or courses.
Student Loan Refinancing – Our loan refinancing allows the aspirants to switch their existing loan provider or apply for a new loan to pay off their existing loan
| Features | Education Loan Details |
|---|---|
| Loan amount | Upto ₹1Cr (Collateral) Upto ₹70Lac (Without Collateral) |
| Margin money | Nil |
| Interest rate | Starts at 12% + Spread (Spread is a variable interest rate that depends on the borrower’s credit history and the chosen course.) |
| Processing fee | 1.1% to 1.5% |
| Processing time | 5 Working Days |
| Loan tenure | 10 Years |
| Prepayment charges | Nil |
| Repayment holiday | For principal payment, 6 months after course completion |
| Countries covered | USA, Canada, UK, Ireland, New Zealand, Australia, Germany and others |
| Payment study period | Simple Interest or Partial Simple Interest, depending on the student’s profile and the target course. |
| Type | Requirement |
|---|---|
| For Secured / Collateral Loan | The following types of collateral are accepted
|
The loan amount will be disbursed in Indian Rupees
| Type | Documents Required |
|---|---|
| Applicant Documents |
|
| Co-Applicant Documents |
1. In case of Salaried Employee (All the following)
2. In case of Self Employed or Professional (All the following)
|
| References | Two References Details – Name, Email, Mobile Number and Address |
| If, Collateral - Immovable Property (Flat, House, Non-Agriculture Land) (All the Relevant Documents from the Following List) |
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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.
Monthly EMI: 0
Principal Amount: 0
Total Interest: 0
Total Amount: 0
The loan amount offered by Avanse has no maximum limit. The company will cover up to 100% of the loan amount. Avanse also covers living expenses during the study duration. The living expenses, however, must not exceed 20% of the tuition rates. Avanse additionally covers other fees such as a caution deposit, a building fund, and so on. These costs must not exceed 10% of the tuition.
Students may receive relief for up to six months after completing the course or three months after finding work (whichever comes first). Students are not required to return loan instalments during the moratorium period.
Avanse offers a 12-month minimum repayment period. It offers a maximum duration of 120 months. This is in addition to the Avanse education loan repayment moratorium granted.
Tuition and on-campus housing fees are paid to the university, while additional living expenditures are credited to the borrower’s account.
There is no penalty for prepayment after six months of disbursement.
Yes. Avanse enables loan reapplications even after refusal. However, you should double-check your eligibility before reapplying for your loan. You must also ensure that you have met the company’s paperwork needs.