Overview of Avanse Education Loan
Avanse Financial Services is a leading education-focused NBFC in India, offering customized education loan solutions for students pursuing higher education in India and abroad. With a strong focus on overseas education and professional courses, Avanse provides flexible loan structures, higher loan coverage, and faster processing compared to traditional banks. EduFi works closely with students to assess eligibility, structure the loan correctly, manage documentation, and coordinate with Avanse to ensure smooth approvals and timely disbursement.
What Is an Avanse Education Loan?
An Avanse Education Loan is a tailored term loan designed for Indian students enrolled in full-time higher education programs. These loans support undergraduate, postgraduate, professional, and specialized courses at recognized institutions worldwide. Avanse evaluates applications based on academic strength, course quality, institution ranking, and future earning potential. Repayment begins after the moratorium period, allowing students time to complete their education and transition into employment.
Why Avanse Is a Preferred Choice for Students
Avanse is widely preferred for its education-only focus, faster turnaround times, and customized loan offerings. Unlike traditional banks, Avanse emphasizes employability and institution reputation rather than rigid collateral requirements. With secured and unsecured options, higher funding limits, and structured repayment plans, Avanse is well suited for overseas education, management programs, and STEM courses.
Avanse Education Loan Schemes
Avanse Education Loan (India & Abroad)
This core offering supports students studying in India and overseas. Loan amounts are structured based on total education cost, institution ranking, and student profile. Avanse actively funds MS, MBA, medical, engineering, and data-driven programs.
Unsecured Education Loans
Avanse offers unsecured education loans for eligible students admitted to reputed institutions. These are approved based on academic performance, employability, and co-applicant financial strength, without tangible collateral.
Secured Education Loans
For higher funding needs, Avanse provides secured loans backed by property, fixed deposits, or other acceptable securities. Secured loans usually offer lower interest rates and higher limits.
Loan Amount & Coverage
Maximum Loan Amounts and Limits
Avanse education loans can extend up to ₹1.5 crore or more, depending on course cost, country of study, and collateral availability. Secured loans have no predefined upper limit, making them suitable for high-cost international education.
What Expenses Are Covered
Loans cover tuition fees, accommodation, books, equipment, travel expenses, insurance, and other academic costs. Living expenses for overseas education are included in the total education cost.
Interest Rates & Repayment Terms
Current Avanse Interest Rates (as of 2025)
Interest rates typically range between 10.75% and 13.50% per annum, based on loan structure, institution, and student profile. Rates are floating and may vary with market conditions.
Repayment Options and Tenure
Repayment tenures can extend up to 15 years, offering flexibility in EMI planning after graduation.
Moratorium and EMI Details
The moratorium usually covers the course duration plus 6–12 months. Simple interest may accrue during this period, with EMIs starting post-moratorium on a reducing balance basis.
Eligibility Criteria
Student Eligibility Requirements
Applicants must be Indian nationals with confirmed admission to recognized institutions in India or abroad. Academic consistency, course relevance, and institution ranking are key factors.
Co-applicant Requirements
A co-applicant is mandatory. Parents, guardians, or spouses with stable income sources are accepted, and their financial profile strongly influences approval.
Course Types and Countries Covered
Avanse supports engineering, management, medicine, law, analytics, and STEM programs across the US, UK, Canada, Australia, Europe, and other destinations.
Margin Requirements & Collateral Details
Loan Margin Explained
Margin requirements depend on loan type and course. Unsecured loans may have moderate margin expectations, while secured loans require defined upfront contribution.
When Collateral Is Required
Collateral is required for higher loan amounts or when unsecured eligibility criteria are not met. Property and fixed deposits are commonly accepted.
Unsecured / Non-Collateral Options
Unsecured education loans are available for eligible students admitted to reputed institutions with strong academic and employability profiles.
Documents Required for Avanse Education Loan
Checklist for Student Documents
Admission letter, fee structure, academic records, identity proof, passport, visa documents (for overseas education), and standardized test scores if applicable.
Checklist for Co-applicant Documents
KYC documents, income proof, bank statements, and credit history details.
Additional Collateral Documents (If Applicable)
Property title deeds, valuation reports, and legal documentation for secured loans.
Application Process (Step-by-Step)
How to Apply with EduFi
EduFi evaluates your profile, recommends the right Avanse loan structure, prepares documentation, submits the application, and coordinates with Avanse’s processing team.
Timeline from Application to Sanction
With complete documentation, Avanse typically processes applications within 7–14 working days. EduFi support helps minimize delays.
Common Benefits of Avanse Education Loans
Interest Concessions
Rates may vary based on academic merit, institution ranking, and loan structure.
Flexible Repayment Terms
Customized repayment options align EMIs with expected post-study income.
Coverage of Living and Travel Expenses
Loans include international living costs, insurance, and travel expenses.
How EduFi Supports Your Avanse Loan Application
Expert Eligibility Assessment
EduFi evaluates academic strength, institution quality, and co-applicant profile.
Documentation Assistance
Checklist-based verification reduces errors and rejection risk.
Personalized Lender Matching and Follow-Up
EduFi tracks the Avanse loan application until sanction and disbursement.
Avanse Education Loan for Study Abroad
Popular Study Destinations Covered
United States, United Kingdom, Canada, Australia, Germany, Ireland, and other leading destinations.
Country-Specific Loan Tips
Programs at reputed universities with strong employment outcomes improve approval chances.
Loan Margin & Disbursement for Abroad Studies
Disbursement is made in tranches aligned with university fee schedules and visa approvals.
Frequently Asked Questions (FAQ)
What Is the Maximum Loan Avanse Provides?
Avanse can fund up to ₹1.5 crore or more depending on collateral and total course cost.
How Long Does Avanse Loan Processing Take?
Usually 7–14 working days with complete documentation.
Can I Get a Loan Without Collateral?
Yes, unsecured loans are available for eligible profiles and reputed institutions.
How Is the Loan Disbursed?
Disbursement is made directly to the institution in stages as per fee schedules.
Tools & Resources
Avanse provides EMI calculators and repayment planning tools. EduFi also assists with EMI structuring, Section 80E tax benefits, and long-term repayment planning.
