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 Loan, bid goodbye to tedious paperwork and long turnaround time. Cover all your holistic education expenses with an this education loan offered by Avanse.
Avanse Education Loan aids international students by providing educational financial services and simple payback alternatives that are tailored to their specific circumstances. The loans they provide are designed in such a way that students have the most hassle-free experience in securing an education loan. Avance provides a multitude of services that include 100% financing covering the holistic cost of education at competitive interest rates, pre-visa disbursement, pre-admission loan, and 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
Flexible Options For Repayment
No Margin Money
Customised Education Loan Solutions
Education Loan That Covers Tuition Cost, Accommodation, Caution
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
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 term.