Avanse Financial Services Education Loan
NBFCA dedicated education-focused NBFC offering education loans for study in India and abroad, with doorstep documentation support and both secured and unsecured loan options across 2000+ partner universities.
Why Choose Avanse Financial Services Education Loan?
Education-Focused NBFC
Interest rates ranging from 10% to 16.5% p.a. (floating), with pricing based on loan amount, security offered, and credit profile.
Secured & Unsecured Options
Unsecured loans available up to ₹40 Lakh (not offered for Bachelor's courses), with secured loans going up to ₹1.25 Crore in India and ₹1.5 Crore for studies abroad.
Flexible Moratorium
Moratorium typically covers the course duration plus 6 months after completion (or 3 months after starting a job), deferring principal repayment while interest continues to accrue.
Doorstep Documentation
Doorstep service for paperwork and processing, with fast-track sanctions and a mostly online application process.
1% Interest Concession
A 1% concession on the interest rate is available if you service the interest during the moratorium period.
Expenses Covered
Avanse Financial Services Loan Highlights
- High-value financing for studies in India & across 46+ countries abroad
- 100% financing of tuition fees as determined by the institute
- No minimum aggregate marks required for eligibility
- Repayment tenure of up to 12 years
- Unsecured borrowing available up to ₹40 Lakh for eligible courses
- Tax benefits on interest paid under Section 80E
- 1% rate concession for servicing interest during moratorium
- Doorstep documentation and mostly online application
Eligibility Criteria
Indian Citizenship
Applicant must be an Indian citizen with confirmed admission to a recognized institution.
Recognized Institution
Admission must be to a course recognized by the relevant regulatory or educational authority, in India or abroad.
Co-applicant Required
A parent or guardian with a stable income is usually required to join as a co-applicant.
Collateral Above Certain Amounts
Unsecured loans are available up to ₹40 Lakh, and are not offered for Bachelor's courses; higher amounts and Bachelor's programs generally require secured collateral.
Documents Required
Standard checklist for education loan applications — confirm the exact current list with an Avanse Financial Services consultant before applying.
Student Documents
- Passport
- Admission Letter
- Academic Marksheets
- PAN Card
- Aadhaar Card
- Photographs
Co-applicant Documents
- PAN Card
- Aadhaar Card
- Salary Slips / ITR
- Bank Statements (6 months)
- Employment Proof
- Address Proof
Collateral Documents (if applicable)
- Property Papers (Registry)
- Latest Tax Receipt
- Property Map
- Chain Documents
- NOC (If Applicable)
- Valuation Report
How Avanse Financial Services Education Loan Works
Check Eligibility
Apply & Upload Documents
Application Login
Credit Evaluation
Sanction Letter
Visa Approval
Disbursement of Loan
University Coverage
Avanse Financial Services education loans cover 2000+ partner universities and colleges, with 27,000+ pre-approved courses across 46+ countries, in addition to institutions in India. Coverage and unsecured eligibility depend on the specific university, course, and whether the loan is for a Bachelor's, Master's, or other program. Confirm coverage for your specific institution with an Avanse consultant or our counsellors before applying.
EMI Calculator
Estimate your monthly EMI for a Avanse Financial Services education loan based on amount, tenure, and interest rate.
Open EMI CalculatorFrequently Asked Questions
Still not sure if Avanse Financial Services Education Loan is right for you?
Compare with other banks and choose the best loan for your study abroad journey.
