Avanse education loan is offered at the pedestal of students and parents who wish to take study loan for abroad. It comes as an option to help students realize their dream. Avanse is the non-banking financial company which comes with its own sets of advantages. In order to set your higher studies and career in motion, you can take study loan for abroad from Avanse, or get in touch with EduLoans, which has Avanse as its lending partner. Avanse offers overseas education loan for 44 different countries in the world for 6000 diverse professional, technical, degree and certificate courses. You may check these from Avanse annexure or get in touch with EduLoansto know further details. There are around 1,262 colleges and 1,626 universities which are covered in Avanse loan option. Taking study abroad education loan seems to be a good solution because it helps you keep your savings secure and also build good CIBIL profile. Later when you move to another country or consider refinancing and consolidation, you can also build excellent creditworthiness. Here is everything you need to know about interest rate of the Avanse education loan. If you wish to know interest rate in Avanse education loan, the information is available through table below.
| S.No. | Features | Avanse Education loan requirements |
| 1 | Age and Nationality | 18 years and above | Indian |
| 2 | Loan Amount | Secured : Any amount Unsecured : Upto 45 Lakhs |
| 3 | Margin Money | Nil |
| 4 | Avanse Education Loan Without Collateral | Offered |
| 5 | Interest Rate | Secured : 11.00 % to 13.00 % (Negotiable) Unsecured : 11.50 % to 13.75 % (Negotiable) |
| 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 | 1.20 % + GST (Non Refundable) (Negotiable Case to Case basis) |
| 10 | Loan Tenure | 10 years |
| 11 | Turnaround Time | Secured : Approx.. 5 Days Unsecured : Approx. 2 Days (Post Submission Of All Documents) |
| 12 | Payment during Study Period | Simple Interest or Partial Simple Interest |
| 13 | Interest Paying During Moratorium Period | (Flexibility Available) Partial Interest amount payable as per Amount Disbursed in Tranches |
Benefits of Avanse 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
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