Education loan for abroad does not just suffice your need for supporting your children’s education plans and career goals, but also come across as excellent opportunity for tax saving. Study abroad education loans offer a chance for a borrower to get their entire interest deducted under Income Tax Act, under section 80E. Therefore, the cost of education loan in reality comes to be much less. Moreover, by not touching the personal savings and borrowing a loan for sponsoring higher education of children is an excellent way to make your children financially disciplined and independent. Avanse education loan comes as a brilliant option for helping students. This is a NBFC option for students willing to go abroad and study through education loan. Avanse education loan comes with its own sets of perks, which are explained in further section here. Taking education loan for abroad is a route that many parents suggest to their children so as to make their credit score right from the beginning. This is also seen as a habit for inculcating a sense of financial responsibility among children. Read More: CAN LAPTOP BE REPLACED BY A TABLET IN FUTURE? Avanse Education loan Avanse offers specifically designed education loans for students willing to set their career in motion by going abroad and studying. This NBFC offers education loans for colleges and universities in 44 different countries, and 6,000 courses. Avanse education loan annexure lists 1,626 universities along with 1,262 colleges. This NBFC makes education loan available with and without collateral. Among the many advantages of Avanse education loan is getting faster loan disbursal and pre-visa loan. Applicants also get other benefits, such as score-based advantages, fast-track loan and bridge loan. All these advantages however come with their sets of limitations, terms and conditions. A student’s profile, merit, and a borrower’s credit score play a crucial role here. Benefits of  Education Loan

• No margin money required
• 100% finance
• Flexible repayment options
• Express loan disbursal within one day
• Customized education loan for students
• No set defined limit for loan amount
• Digital processing

Education loan for abroad

The table below describes everything that you must know about the Avanse education loan.

S.No.	Features	Avanse Education loan requirements
1	Age and Nationality	18 years and above | Indian
2	Loan Amount	Minimum: Rs.1 lakh Maximum: Rs.40 lakh
3	Margin Money	Nil
4	Avanse Education Loan Without Collateral	Offered
5	Interest Rate	11.75% to 16%
6	Prepayment	Not allowed for the first 6 months
7	Loan Repayment	Minimum Tenure: 12 months Maximum tenure: 10 years
8	Repayment Holiday	6 months after course completion or 3 months after getting a job (for principal amount)
9	Processing Fee	1% of Loan amount + GST (may vary)
10	Loan Tenure	10 years
11	Processing Time	5 - 7 days
12	Payment during Study Period	Simple Interest or Partial Simple Interest

  Eduloans helps you with education loan for abroad. Whether you are interested in borrowing money from a public sector bank, private bank or an NBFC like Avanse, our loan experts can give you thorough guidance and can suggest the best possible option depending upon your loan requirement.