Avanse Education Loan

International Student Loan

The Avanse Financial Services ensures full coverage for course fees, living and other expenses to students pursuing courses at international institutions in over 46 countries. The Student Loan International application gets approved within three days and offers the facility of customisation, doorstep service and flexible repayment options.

Overview of Avanse Student Loan International

The details given below are applicable for Avanse Student Loan International, Avanse Study in India Loan, and Avanse Executive Education Loan:

Domestic Education Loan

Avanse Financial Services provides four types of education loans to students pursuing their courses at Indian institutions or universities.

Study in India Loans

Avanse Financial Services offer education loans in India for various courses including executive MBA. Avanse Study in India Loans not only covers tuition fees but also covers expenses related to accommodation, purchasing books and other learning devices. The courses covered under this education loan are mentioned below:

1. Colleges and universities (approved by AICTE, UGC, IMC and the Government) offer graduate, post-graduate and professional degree or diploma courses
2. Courses offered by foreign institutions in India
3. Professional and technical courses, such as management, medicine, engineering, aviation, and law
4. Courses approved by Avanse Financial Services Ltd., such as vocational training, executive programmes, and other courses

Short Term Loans: Avanse Short Term Loans helps with curriculum and non-curriculum financing for children’s education. The school fees or online or offline tutoring course payments are done upfront by Avanse Financial Services which can be repaid in affordable monthly installment under this education loan scheme. Here are the features and benefits of Avanse Short Term Loans:

1. Zero paperwork

1. Fixed processing fee of Rs.999

1. Loan amount of Rs.3 lakh

1. Interest free for affiliated schools and institutions

1. Zero pre-payment charges

1. Three or six months EMI repayment
2. Quick approval of loans

Skill Enhancement Loans: This is a skill development loan, covering course fees upfront with flexible, no-cost options. Repayment can be done within 24 months, thereby ensuring easy completion of the course without financial stress. The features and benefits of Avanse Skill Enhancement Loans are given below:

1. Flexible repayment options

1. Loan approval in three days

1. For online courses, loans are offered without collateral

1. Monthly interest starts at Rs.500

1. The loan repayment tenure ranges between three to 36 months

1. Provide convenient online loan application

1. Offers no-cost loan options for several institutions

Executive Education Loans: Avanse Executive Education loans ensure stress-free financing of various postgraduate courses in Indian and international institutions for professionals. The courses covered under this education loan are given below:

1. Postgraduate courses

1. Management courses

1. Vocational upgradation courses

1. Specialist courses

1. Courses that offer higher professional degree

Education Loan for Institutions

Avanse Financial Services provides loans for schools, colleges, coaching, and training institutes to help build infrastructure and to assist deserving students in achieving their academic aspirations despite financial constraints.

There are two types of loan options under Educational Institution Loan offered by Avanse Financial Services:

Secured Loan: Loan amount offered is up to Rs.5 corers for:

1. Construction for enhancement of capacity

1. Land or property purchase

1. Renovation of buildings

1. Technological and infrastructural development

Unsecured Loan: Offered to institutions who need working capital of amount up to Rs.50 lakh.

Eligibility Criteria

The candidates can apply for Student Loan International, Executive Education Loan, and Study in India Loans if they fulfil the eligibility criteria mentioned below:

Note that only after approval from Avanse Financial Services, the students can apply for various education loans, such a foreign education loan for graduate or post-graduate courses, and job-oriented professional or technical courses.

Documents Required to Apply for Avanse Education Loan

The following is the list of documents are required to apply for various education loans offered by Avanse Financial Services:

Documents required for applying for Educational Institution Loans are:

1. Identity and address proof

1. Application form with photograph

1. Signature across the photograph on the application form

1. Documents related to collateral and primary security

1. Registration or incorporation certificate

1. Partnership deeds, trust deed of organisation, MOA (Memorandum of Association), by-laws, or AOA (Articles of Association)

1. Approval from the AICTE, CBSE, DTE, ICSE, or other relevant authorities

1. previous three years’ financial report along with audit report

1. Previous one year’s bank statement from the main operating account

1. Loan statement and sanction letter since the inception of the organisation

1. Previous three years’ income tax return

Expenses Covered Under Avanse Education Loan

The following is the list of expenses that will be covered under Avanse education loan:

1. The entire amount of the tuition fees is covered as per the institute or university

1. Travel expenses are covered up to Rs.75,000 for students travelling abroad

1. The education loan covers 100% of the building fund, caution deposit or refundable deposit

1. Living expenses of up to 75% will be covered under the Avanse education loan for students living abroad

Note:

1. The refundable deposit covered under the education loan must not exceed 10% of the tuition fee and the candidates must provide receipts from the institution

1. The 75% of the living expense must not exceed 20% of the tuition fee

1. Living expenses include the purchase of computers, books and other requirements

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