Avanse Education Loan

Avanse Financial Services is an Indian Non-banking Financial Company that specializes in providing fully funded higher education loans for students to study in India and abroad. They offer customised, no-margin, collateral-free education loans according to students’ profiles and help them fulfil their career dreams.

Avanse offers both secured and unsecured education loans to help students pursue higher education in India or abroad. Avanse education loans offer flexible loan amounts ranging up to ₹1.25 crores. The Avanse education loan interest rates range from 10% to make higher education more affordable. Let's see how Avanse education loans work.

Avanse Education Loan without Collateral:

Avanse is known for offering higher loan amounts with quick processing times and competitive interest rates for study abroad loans without collateral. An Avanse education loan without collateral does not require the applicants to pledge any collateral as security for the loan amount. 

Avanse Education Loan with Collateral:

Apart from unsecured education loans, Avanse also offers secured education loans to students. Avanse accepts both immovable properties, such as a house or a flat, and liquid securities like fixed deposits as collateral for education loans. By involving collateral in the loan, students can reduce their avanse education loan rate of interest.

Avanse Education Loan for Study in India:

We always think that education loans are for students going to foreign countries. But that is not true. Avanse has student loans for India also. This helps to increase higher education academic enrolment and thus build a better future for our country.

Avanse Education Loan for Abroad Studies:

Foreign education is expensive and that's the same reason why we would require an education loan for it. Avanse gives student loans to top countries like the USA, UK, Australia, Germany, Canada, and many other countries abroad.

The following table explains the advantages and disadvantages of an education loan from Avanse.

Academic expenses extend beyond tuition fees and consist of various costs such as plane tickets, accommodation, study materials, laptops, and miscellaneous items. Avanse aims to fix the students' focus on education by covering a comprehensive range of expenses through their student loans.

The current Avanse education loan interest rates range between 10% to 16.5%. The interest rate for an Avanse unsecured education loan ranges from 11%. 

However, the actual Avanse education loan rate of interest students get depends on several factors, including the loan amount, collateral involvement, country of study, student’s profile, and the co-applicant’s financial status.

Watch this video where our co-founder Damini Mahajan clearly explains all the loan details you need to know about Avanse Education Loan. She talks in-depth about loan features such as loan amount, interest rate, repayment tenure, and specific conditions set by avanse. 

Avanse has a distinctive way of categorizing its' education loan products. They have three products namely:

• Platinum product
• Titanium product
• Gold-Vanilla product  

All these three loan products are available for all top countries and each product is based on which country you’re going to, what university you chose, and your academic performance.

Remember, Avanse does not provide loans for students who opt to study MBBS in countries like the Philippines, Ukraine, China, etc. If that is your case, you can choose to proceed with public banks for an education loan. 

NOTE- Avanse does not put a cap on the maximum loan amount. Although the minimum amount for an overseas loan is 1 lakh rupees, there is no limit on the maximum limit. All the loan amount is personalized according to students’ needs, academics, and financial co-applicant status.

Loan Details:

The product details for the Avanse Education Loan for an MBA are the same as the Avanse Education loan to study in India.

*The interest can vary based on changes in the repo rate Click here to know the latest interest rates.

Germany is a popular destination for students who have enrolled in courses such as Humanities, Engineering, etc.

Avanse has one loan product for Germany, and that is the Titanium product.

The Avanse education loan processing fee for a German University is 1.5% by Avanse and just 1% by WeMakeScholars.

Titanium product

Avanse Education Loan Student Eligibility

Avanse Education Loan Co-appliacnt Eligibillity 

Accepted Co-applicants for Avanse Education Loans

Now that we know the Avanse education loan eligibility criteria, we will learn the Avanse abroad education loan details for various countries. 

Documents are a prerequisite to the loan process. Before starting the loan process, your documents must be submitted to Avanse. Keep the below-mentioned documents handy before the loan application. Below named ones are a few main documents. There are many other documents that you will have to produce. 

See the full list and never miss any document with our handy checklist of documents.

The Avanse education loan processing time depends on several factors, including the loan type, documentation, the student’s profile, and the co-applicant’s profile. However, Avanse unsecured education loans offer a swift processing time of 7 to 10 working days after all the required documents are submitted.

Additionally, the processing fee for an Avanse abroad education loan varies by country and scheme, as we have seen. The Avanse education loan processing fee ranges from 1% to 2% of the loan amount.

The Avanse education loan calculator is a tool used to estimate the monthly payments, total interest, and total repayment amount for an Avanse education loan. Applicants can input details such as the loan amount, interest rate, and loan term, and the Avanse education loan calculator computes the monthly EMIs of the student loan based on this information. 

However, it doesn't consider essential factors such as interest during the moratorium period, unlike the EMI calculator from WeMakeScholars. This is why we suggest using the education loan EMI calculator designed by WeMakeScholars. It helps borrowers understand the financial implications of taking out a loan and allows them to compare different loan options. It offers the following advantages:

• It provides a detailed analysis of the student loan repayments through which you can plan your repayment schedule accordingly.
• Unlike the Avanse education loan calculator, our EMI calculator considers all the essential factors, including the moratorium period and partial disbursements, to provide accurate results.
• Students can edit the parameters to decide their repayment strategy and take out their student loans accordingly. And like all our services to students, the education loan EMI calculator is also free of cost.

• WeMakeScholars staff offers 24/7 comprehensive customer assistance for any questions you may have.
• WeMakeScholars offers a swift Avanse education loan processing time of within 7 to 10 working days after all the necessary documents are submitted.
• Transparency and professionalism are our priority.
• You can contact the lender’s team directly to learn more about your loan process using the contact details of the executives managing your profile.
• By applying, you will be given a payback on multiple loan disbursements up to a maximum of INR 3000 as a thank you for supporting the Digital India initiative.