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 Financial Services Limited is a new age, education focused NBFC on a mission to provide seamless and affordable education financing for every deserving Indian Student. Avanse has helped fulfil education dreams of over 1,00,000 academic aspirants across 12,000+ courses & institutes in over 50+ countries including India, US, 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 holistic cost of education at attractive 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 amount₹1,00,00,000.00 (Collateral) ₹30,00,000.00 (Without Collateral)
2Margin moneyNil
3Processing fee1.1% to 1.5%
4Processing time3 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

1. Up to 100% finance. 2. Flexible options for repayment. 3. No margin money. 4. Express 1-day loan approval (urgent cases). 5. Customised education loan solutions. 6. Education loan that covers tuition cost, accommodation, Caution Deposit/Building Fund/ Refundable Deposit, travel expenses and other living costs associated with studying abroad. 7. 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.

Eligibility Criteria For Avanse Abroad Education Loan

Sr. NoTypeRequirement
1Eligibility Criteria For Avanse Abroad Education Loan1. 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.

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
1Here 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

How To Apply For Avanse Abroad Education Loan?

Apply online and upload all your documents. Wait for your application to be processed. Once your application and documents are verified, your Avanse Education Loan will get approved. Get your loan sanctioned and wait for disbursal of funds!

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.