Avanse Education Loan - Features, Benefits, Eligibility & How To Apply

Q: What does an education loan's holiday period entail?

To put it as briefly as possible, an education loan's moratorium period is the interval between receiving the loan and paying your first EMI. At Avanse, we provide a 6-month vacation period after you complete your degree or 3 months after you get work, whichever comes first. During this time, you will not be required to pay any EMIs on your education loan. However, you should keep in mind that, while you are not required to pay your EMIs during the holidays, especially if you are a full-time master's student, it makes far more economic sense to do so.

Q: What documents are required for an education loan?

This depends totally on your loan worthiness. Generally speaking, loan amounts easily go up to Rs. 50 lakh mark. However, lenders can provide even more than this. In some cases, they do so without any security as well.

Q: I had applied to Avanse previously and my request for an educational loan was rejected. Can I apply again?

Yes, you are more than welcome to apply again! Importantly though, make sure that you have all the necessary documents and meet all the other required criteria before you re-apply so that you are not disappointed again.

Q: What is the loan amount that I can get from Avanse?

Well, this actually depends on your requirement of funds, and your/ your parents' capacity to pay back, we can offer you a minimum loan of Rs. 50,000/- to study in India and a minimum of Rs. 1,00,000/- to study abroad.

Q: What expenses does the Avanse education loan cover?

In a nutshell, everything! Allow us to elaborate. At Avanse, we offer the greatest education loan amount, which is 100% of your college costs! Whether it's tuition or living expenses, we've got you covered. The insurance covers up to 75% of total living expenditures, including books, computers, and project costs (but not more than 20 per cent of the total tuition fees payable for the complete course). Of course, we will pay for your tuition in full. Furthermore, we reimburse up to Rs 75,000 in travel expenses for students going abroad. Your insurance premium is also covered by us (if you take insurance from a provider that is preferred by Avanse). Your caution deposit and building fund (with supporting bills/receipts) are also covered by the loan. This, however, cannot exceed 10% of the overall tuition fees.

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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. No	Features	Education Loan Details
1	Loan amount	Upto ₹1Cr (Collateral) Upto ₹30Lac (Without Collateral)
2	Margin money	Nil
3	Processing fee	1.1% to 1.5%
4	Processing time	3 Working Days
5	Loan tenure	10 Years
6	Prepayment charges	Nil
7	Repayment holiday	For principal payment, 6 months after course completion
8	Countries covered	USA, Canada, UK, Ireland, New Zealand, Australia, Germany and others
9	Payment study period	Simple 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.

Month	Opening 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. No	Type	Requirement
1	Eligibility for Avanse education loan	Avanse 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.
2	Avanse 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. No	Type	Documents Required
1	Documents required for Avanse education loan	UniCreds 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.

What does an education loan's holiday period entail?

What documents are required for an education loan?

I had applied to Avanse previously and my request for an educational loan was rejected. Can I apply again?

What is the loan amount that I can get from Avanse?

What expenses does the Avanse education loan cover?

Features

Benefits

Eligibility

Documents

Loan Repayment

How to apply

FAQs