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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.
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. |
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
Calculate EMI for Education Loan
Loan Amount
Interest (p.a)
Loan Duration
Course Duration
Grace Period
Following table show the year wise payment schedule.
Month | Opening Balance (₹) | Interest Paid (₹) | Principal Repaid (₹) | Closing Balance (₹) |
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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 (₹) |
Sr. No | Type | Requirement |
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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. |
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 |
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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 |
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.
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.