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. No | Features | Education Loan Details |
|---|---|---|
| 1 | Loan amount | ₹1,00,00,000.00 (Collateral) ₹30,00,000.00 (Without Collateral) |
| 2 | Margin money | Nil |
| 3 | Processing fee | 1.1% to 1.5% |
| 4 | Processing time | 3 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
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
Online Submission Of Documents
No Cost To You
Quicker Sanctions
Eligibility Criteria For Avanse Abroad Education Loan
| Sr. No | Type | Requirement |
|---|---|---|
| 1 | Eligibility Criteria For Avanse Abroad Education Loan | 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. |
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 | 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 |
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!