Private Bank & NBFCEst. 2013
Avanse Financial Services Education Loan
अवांस फाइनेंशियल सर्विसेज शिक्षा ऋण
Education-focused NBFC offering 100% finance, unsecured loans up to ₹40L for top 500 colleges, and coverage for living and travel costs.
Max Loan Amount
Up to ₹40 Lakh (Unsecured for Top 500 Colleges) / Up to ₹1 Crore+ (With Collateral)
Interest Rate
11.25% – 14.50% p.a. (Risk-calibrated floating interest rate)
Moratorium Period
Course duration + 6 months (Interest servicing or partial EMI required during study)
Repayment Tenure
Up to 15 years
✦ What the Loan Covers (Eligible Expenses)
100% of tuition fees, accommodation, living expenses, books, laptop, flight tickets, visa fees, and consultancy costs.
What is Missing: Honest MITC Policy Gaps, Hidden Clauses & Costs
Eligo disclosure: Bank loan brochures and DSA agents rarely highlight these conditions. Verify before signing your loan agreement.
High interest rate compared to public banks (starts at 11.25%); processing fee of 1.0% to 2.0% + GST; mandatory interest servicing during study period; co-borrower credit profile must be strong.
✦ Collateral & Margin Money Terms
Collateral & Guarantee Requirement:
Nil collateral up to ₹40 Lakh for students admitted to Top 500 global/domestic universities; Collateral required for other courses.
Margin Money (Borrower Contribution):
100% financing available; Nil margin money for pre-approved colleges.
✦ Eligibility Requirements
Indian national aged 18+ with confirmed admission in accredited higher education program in India or abroad.
✦ Government Subsidies & Rate Concessions
Non-government NBFC product; not eligible for central or state interest subsidies.
✦ Required Documents Checklist
Avanse application form, 10th/12th/degree marksheets, entrance/GRE scorecard, admission offer letter, co-borrower KYC, 2-year ITR, 6-month bank statements.
✦ How to Apply Step-by-Step
1. Apply online at avanse.com.
2. Submit academic background and financial details.
3. Fast-track underwriting within 48 to 72 hours.
4. Sanction letter issued.
5. Disbursal directly to institute or student travel/living account.Official Portal
Official Portal / Lender Domain
Apply or verify directly on the official banking portal
✦ Frequently Asked Questions
Does Avanse provide 100% finance without margin money?▼
Yes. Avanse offers up to 100% funding covering tuition, living expenses, flight tickets, and visa fees without requiring borrower margin money.
Can I get an Avanse loan without collateral?▼
Yes. Unsecured loans up to ₹40 Lakh are available for students accepted into top 500 universities worldwide.
Do I have to pay interest during study at Avanse?▼
Yes. Borrowers are required to service simple interest or partial EMI on a monthly basis during the study period.