Avanse makes its presence felt in almost all the major Indian cities in India and reaches out to students and guardians, enabling education loan aspirations to 183 locations. We have made a mark in the industry by funding most traditional and non-traditional courses which appeal to today's young and dynamic generation as they look to forge their strong career path via education. As such some of the areas (and not restricted to only these) which we fund pertain to engineering, medicine, law, management and also to hospitality, culinary, aviation, arts and media related studies. We offer 100% education finance options to all major approved courses and reputed colleges. We understand that sometimes work makes families migrate to different cities as well as countries and this makes documentation difficult and loans almost impossible. Therefore we also accept multi-city co-borrowers to make lives and studies easier for students. Avanse, being a new age company keeps all multitude of factors in mind that help consumers achieve their goals regarding higher education and customizes the options available for education finance.
To be eligible for a loan, the following criteria must be met:
We do not ask for the Margin money contribution from our applicant / student. Our student loans are designed to provide 100% coverage of the cost of course thus making it easy for the student and the co-borrower.
Security for the Loan is determined by the quantum of amount required and the credit worthiness of the principal borrower. At Avanse, following types of Collateral are accepted:
LOAN AMOUNT
The minimum amount: Rs. 1,00,000.00. We do not believe in putting limits to your dream of pursuing higher studies, we offer structured study loan that meets the necessary needs and cost of education.
LOAN COVERAGE
Avanse takes care of all the aspects that are part of higher education; we provide the maximum cover to meet the demands of your course in the entire duration of your study.
We always aim to offer you competitive interest rates on your Avanse Education loan. The rate of interest on your loan is calculated as: Interest Rate = Avanse Base Rate + Spread Our current Base Lending Rate is 10.5 to 13.5% The Spread is determined individually and is based on analysis of the credit and course profiling.
This rate is subject to the terms and conditions of Avanse Financial Services Ltd.
Grace Period is of 6 Months after the course is complete or 3 months after getting the Job, whichever is earlier.
REPAYMENT TYPES
As a responsible lender, we understand the importance of your education loan and has devised options to help you maintain a good line of credit. So, while you enjoy financial independence, you are also responsible for maintaining it. Avanse offers you the flexibility of repaying your study loan while studying as well as on completion of your course.
For more details on how these repayments can help you click here
Avanse charges Processing fee between 1-2% of the loan amount and is calculated on a case-to-case basis. The final amount is arrived in the course of processing the application.
Avanse Education loans are designed keeping the needs of parent's and student's in mind. Till date we have enabled students to successfully apply across 1600+Universities, 2200+ colleges and 4000+ courses across 60+ countries. This journey of working closely with both students and their guardians made us cognizant about the challenges that students face: from pre-visa disbursement to pre-admission loan, we are fulfilling the dreams to secure their admission in Universities abroad. To simplify the loan process, we have designed customized products that help parents and students focus on the study requirements instead of worrying about finances. Our underwriting abilities have enabled us to create new loan products with changing dynamics of education canvas and we can thus customize the loans based on the student's admission status. At Avanse, we strive to offer the best loan experience, customer satisfaction and competitive rates in the education finance arena. Because high quality education should be a birth right of every Indian student.
CO-BORROWERS
COURSES
Graduation/ Post-graduation for job oriented professional/ technical courses offered by reputed universities outside India as well as courses and universities approved by Avanse for education financing.
DOCUMENTS REQUIRED
At Avanse we do not ask for any Margin money contribution from our applicant. Our study abroad loans are designed to provide 100% coverage of the cost of education, thus doing away with this burden, leaving the student to focus on his/her studies.
Security for the Loan is determined by the quantum of amount required and the credit worthiness of the principal borrower. At Avanse, following types of Collateral Security are accepted:
The Minimum amount given as study abroad loan is Rs. 1,00,000.00/- At Avanse we do not believe in putting limits to your dream of a higher education, we look at structuring the study abroad loan to meet your necessary needs and cost of education.
We always aim to offer you competitive interest rates on your Avanse Education loan. The rate of interest on your loan is calculated as: Interest Rate = Avanse Base Rate + Spread Our current Base Lending Rate is 11.5% The Spread is determined individually and is based on analysis of the credit and course profiling.
Grace Period is of 6 Months after the course is complete or 3 months after getting the Job.
As a responsible lender, Avanse understands the importance of your education loan and ensures that you are supported with various options to maintain a good credit so that you not just enjoy your financial independence but are responsible for maintaining it too. Avanse offers you the flexibility of repaying your education loan while in school as well as on completion of your course,
Avanse charges Processing fee between 1-2% of the loan amount and is calculated on a case-to-case basis. The final amount is arrived in the course of processing the loan application.