Avanse Education Loan is the loan for you if you wish to study in India or abroad. You can count on this super reliable education loan to come through when you need it the most. With an Avanse Education Loan, bid goodbye to tedious paperwork and long turnaround time. Cover all your holistic education expenses with an Avanse Education Loan today.
Loan Margin: NIL
Processing Fees: 1.1% to 1.5% of Loan Amount

Avanse Education Loan aids international students by providing bespoke educational financial services and simple payback alternatives that are tailored to their specific circumstances. As a student who has dreams of studying abroad can use the Avanse Education Loan Calculator to determine your monthly loan instalments. This can help you figure out how rapidly you can repay back your student loans. Avanse Education Loan has helped fulfil the education dreams of over 1,00,000 academic aspirants across 12,000+ courses institutes in over 50+ countries including India, the US, the UK, Canada, Australia, Germany, and others. They believe that young and talented students deserve financial backing to achieve their educational aspirations. The loans they provide are designed in such a way that students have the most hassle-free experience in securing an education loan. They provide a multitude of services that include 100% financing covering the holistic cost of education at attractive Avanse Loan interest rates, pre-visa disbursement, pre-admission loan, score-based financing while ensuring that the applicant faces no financial issues throughout their course to help them elevate their career to the next level.

Features Of Avanse Abroad Education Loan

Sr. NoFeaturesEducation Loan Details
1Loan amountUpto ₹1Cr (Collateral) Upto ₹30Lac (Without Collateral)
2Margin moneyNil
3Processing fee1.1% to 1.5%
4Processing time3 Working Days
5Loan tenure10 Years
6Prepayment chargesNil
7Repayment holidayFor principal payment, 6 months after course completion
8Countries coveredUSA, Canada, UK, Ireland, New Zealand, Australia, Germany and others
9Payment study periodSimple Interest or Partial Simple Interest, depending on the student’s profile and the target course.

Benefits of Avanse Abroad Education Loan

Up To 100% Finance
Whether you choose an Avanse Education Loan with or without collateral, you can continue to earn up to 100% financing. With so many various types of charges to cover throughout your trip abroad, Avanse will keep you safe.
Flexible Options For Repayment
Make use of the Avanse Education Loan's repayment options, which enable loans to be adjusted to the needs of the user. If you have any specific requirements for your student loans, please contact UniCreds, and we'll forward them on to the Avanse team, who will present you with the finest possibilities available.
No Margin Money
Avanse education loans have a significant benefit over school loans from other banks in that no margin money is needed. In essence, margin money is the amount that borrowers must pay out of pocket, with the lender covering the remainder. The loan will cover all expenses excluding tuition, housing, travel, and the Caution Deposit/Building Fund/Refundable Deposit. As a result, you will not be required to pay any out-of-pocket fees to fund your education.
Customised Education Loan Solutions
Avanse can provide you with customised alternatives for your education loans, such as tenure, payment during the moratorium period, and distribution, to match your specific demands.
Education Loan That Covers Tuition Cost, Accommodation, Caution
Deposit/Building Fund/ Refundable Deposit, Travel Expenses And Other Living Costs Associated With Studying Abroad
No Defined Limit On The Loan Amount
There is no limit on the amount you would like to have for your higher education from Avanse Education Loan.

1. Up To 100% Finance 2. Flexible Options For Repayment 3. No Margin Money 4. Customised Education Loan Solutions 5. Education Loan That Covers Tuition Cost, Accommodation, Caution 6. No Defined Limit On The Loan Amount

Benefits Of Getting Your Avanse Abroad Education Loan Through UniCreds

Higher Chance Of Approval
By applying for your education loan through UniCreds, you are increasing your chances of approval. Generally, banks dismiss applications if they find any missing documents, property issues, or any other problem. With UniCreds, we will immediately reach out to Avanse Financial officials and find the best solution.
Online Submission Of Documents
With UniCreds, you can submit all the required documents from home! There won’t be any need to visit the branch. Simply head over to our website and submit all the documents there. There won’t be a possibility of not submitting an essential document, as our system is designed to ensure all essential documents are submitted. You also get stepwise updates via notifications.
No Cost To You
All our education loan services are completely free of cost.
Quicker Sanctions
Our strategic partnerships ensure low turnaround time. Expect to have your education loan processed and sanctioned within 5 days.

Calculate EMI for Education Loan

Loan Amount

Interest (p.a)

Loan Duration

Course Duration

Grace Period

Monthly EMI
Principal Amount
Total Interest
Total Amount
Loan Amortization Schedule

Following table show the year wise payment schedule.

MonthOpening Balance (₹)Interest Paid (₹)Principal Repaid (₹)Closing Balance (₹)
Month
1
Opening Balance (₹)
Interest Paid (₹)
Principal Repaid (₹)
Closing Balance (₹)
Month
2
Opening Balance (₹)
Interest Paid (₹)
Principal Repaid (₹)
Closing Balance (₹)
Month
3
Opening Balance (₹)
Interest Paid (₹)
Principal Repaid (₹)
Closing Balance (₹)
Month
4
Opening Balance (₹)
Interest Paid (₹)
Principal Repaid (₹)
Closing Balance (₹)
Month
5
Opening Balance (₹)
Interest Paid (₹)
Principal Repaid (₹)
Closing Balance (₹)

Eligibility Criteria For Avanse Abroad Education Loan

Sr. NoTypeRequirement
1Eligibility for Avanse education loanAvanse Education Loan Eligibility is as follows: 1. The student taking the study loan must be an Indian Citizen and 18 years old or above. 2.There must be confirmed admission to the Institute before the final disbursement of the education loan. 3.The student loan must be co-signed by an earning co-borrower in India.
2Avanse Education Loan Eligible Courses:If you're pursuing one of the following courses, you're eligible for an Avanse loan: Programs for undergraduates (bachelor degrees) Postgraduate education (masters degree) Diploma and certificate programmes are available. Avanse will fund any disciplines or programs that have been authorised by the appropriate regulatory bodies.

Documents Required for Avanse Abroad Education Loan

UniCreds provides students with a customised list of documents by analysing the student’s profile, the co-applicant’s profile and any property/asset, which you may offer as collateral. At a high level, these are the documents needed:

Sr. NoTypeDocuments Required
1Documents required for Avanse education loanUniCreds provides students with a customised list of documents for an Avanse Education Loan analysing the student’s profile, the co-applicants profile, and any property/asset, which you may offer as collateral. At a high level, these are the documents needed: Here is a list of some of the documents that you would need: 1. Your KYC 2. All your educational documents 3. The details of the cost of your course 4. The KYC of the co-borrower 5. The income documents of the co-borrower 6. Collateral documents

Loan Repayment For Avanse

Flexible repayment choices are provided under the Avanse education loan terms and conditions. However, the most popular method of repaying an NBFC Education Loan is the partial payment of interest while the student is still enrolled in the course.

How To Apply For Avanse Abroad Education Loan?

Apply Online & Upload Your Documents 1. After you've determined your eligibility, you may apply online or contact one of our experienced education loan counsellors and request a callback. Depending on your needs, our skilled counsellors can help you secure an Avanse education loan with or without collateral. 2. Once you've provided your profile data, our specialists will thoroughly examine your profile and, based on your eligibility, propose the next set of steps to you. 3. UniCreds allows students to upload documents online, saving you the inconvenience of presenting your documents at the bank and allowing you to do it from the comfort of your own home. 4. Furthermore, to expedite the process, UniCreds provides you with a customised list of documents to submit depending on your profile and the loan that you've applied for. Processing and Approval 1. You can send your loan application and accompanying paperwork to Avanse for evaluation and real-time approval once you've uploaded/submitted the necessary documents. 2. UniCreds will connect with Avanse on a regular basis in order to establish the progress of your application and ensure that it is handled as soon as feasible. Our website will keep you updated on the latest developments if any. 3. Applicants should be aware that the lender may contact them at this time to request more paperwork in support of their loan application. UniCreds will be sending these specific requirements to applicants. If an unreasonable demand is made, we will send it to the appropriate Avanse authorities. 4. Once the documentation and application are confirmed to be free of errors or additional loopholes, the loan is accepted and ready for sanction. Loan Sanction And Disbursal 1. After your loan is approved, you must pay the processing fees in order to acquire the sanction letter. 2. Following receipt of the sanction letter, the student and co-applicant must complete the loan agreement within the validity period of the sanction letter, which is six months. 3. The student is eligible for loan disbursement after signing the agreement. 4. The lender will deposit the required sum of money into your bank account or university/account. We talk with the Avanse education loan interest rate and get it done if the student requires disbursement prior to the visa as per the visa office's guidelines. 5. UniCreds will also guarantee that disbursements are completed on time, and students can contact UniCreds at any time during the loan's term.

Frequently Asked Questions

How to apply for an education loan?
The application process for an education loan differs slightly from lender to lender. At Avanse, we make the application process simple and quick. In fact, you are just 4 steps away from getting the necessary finance. Step one is to reach out to us. To do this, you can visit our branch or our website. Then you will have to fill a simple form. After this, you will have to provide all your relevant documents. Once your documentation is done, your loan will be disbursed. To make things easier, we also provide doorstep services for our educational loans. We will send one of our representatives to your home to help you fill all the forms and collect all the required documents. They will hand-hold you through the entire application process to ensure things are hassle-free and convenient.