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Get Started with your Application

e.g. 5 to 10 Lacs 5 to 10 Lacs 10 to 20 Lacs 20 to 30 Lacs 30 to 40 Lacs 40 to
50 Lacs 50 Lacs and above
Select Delhi & NCR Jaipur Chandigarh Ludhiana Kolkata Bhubneshwar Bangalore
Chennai Coimbatore Hyderabad Vijaywada Vizag Ahemadabad Baroda Surat Mumbai,
Thane, Navi Mumbai Pune Indore Others
e.g. USA UK USA Canada Australia Singapore New Zealand Germany France Ireland
UAE India Others
e.g. Feb 2019 Jan 2019 Feb 2019 Mar 2019 Apr 2019 May 2019 Jun 2019 Jul 2019 Aug
2019 Sep 2019 Oct 2019 Nov 2019 Dec 2019
Admission Status: Not Applied Confirmed Applied

I authorize Avanse Financial Services Ltd and its representative to call me or
sms me with reference to this enquiry.

Apply Now
×
Base Lending Rate

We always aim to offer you competitive interest rates on your Avanse loans. The
rate of interest on your loan is calculated as: Interest Rate = Avanse Base Rate
+ Spread. Our current Base Lending Rate is 12.65% (w.e.f. 01.11.2018). The
Spread is floating and is based on analysis of overall credit and customer
profiling. Interest is calculated using Simple Interest Rate with Monthly rest.
This rate is subject to the terms and conditions of Avanse Financial Services
Ltd.

×
Terms & Conditions

Avanse Financial Services Ltd. is authorized to disclose from time to time any
information relating to the loan to any credit bureau (existing or future)
approved by Government of India and Reserve Bank of India without any notice to
the borrower. We are also authorized to make inquiries with the Credit
Information Bureau of India (CIBIL) and get the applicants Credit Information
Report. All Education loans are subject to approval and credit terms of Avanse
Financial Services Ltd.

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STUDY ABROAD IN PRESTIGIOUS INSTITUTES



EDUCATION LOAN FOR STUDIES ABROAD


11000+

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STUDENTS


44

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COUNTRIES


1626 APPROX

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UNIVERSITIES


6000+

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COURSES




WHICH OF THESE MAKE THE BOARDING PASS TO YOUR 'STUDY ABROAD' PLAN?

For us, every application for a loan is important. We make sure that each of our
educational loan for abroad is designed keeping your requirements in mind. With
industry expertise extensive research data we assist you through the competitive
space of higher education by not only providing you a student loan for studying
abroad but also key insights in your trip to success .

We provide with an education loan for abroad which is pre-empting, tailored, and
provides solutions to every problem of yours: from securing pre-admission loans
to providing pre-visa disbursement educational loan for abroad, to expediting
your admission while applying using fast-track education loan for abroad, to
issuing a document that certifies availability-of-funds as per your requirement.

We make your task of getting an education loan for abroad studies much simpler.
Our processes to issue student loan for studying abroad are sensitive. We steer
you through its fine-print and complex process so that all you have to worry
about, is your academic requirements.

Your experience of getting an education loan for abroad studies with Avanse is
guaranteed to be positive, constructive and swift. Why wait? Studying abroad has
never been this easy.


PRE-VISA DISBURSEMENT LOAN



If you already have a confirmed admission or your I-20(USA), this loan will help
you secure your visa. The actual loan is disbursed into your bank account, so
you can demonstrate 'proof of funds' to study abroad at the time of your visa
interview. Apply Now


BRIDGE LOAN



This loan covers all education expenses related to Exam Prep Classes,
GRE/GMAT/SAT entrance exam fees, cost of applications for admission to
universities abroad, actual course fees, living abroad expenses, costs of books,
computer and other educated related expenses. Apply Now


SCORE-BASED LOAN



Our Score-Based Loans provide special benefits for meritorious students. For
instance, for students pursuing a science course stream in the USA and who have
a GRE score of 300 or more, Avanse offers special privileges in terms of an
unsecured loan and Preferential Interest Rates. Apply Now


PRE-ADMISSION LOAN



This is an education loan sanction that helps you secure a Confirmation of
Admission to the Institute/University abroad. This loan is like a 'proof of
funds' to cover your course fees and living expenses abroad. Apply Now


FAST-TRACK LOAN



As the name suggests, this is an express loan. This helps you speed up your
admission process for any higher studies abroad course, at the time of
application, if that is your requirement. Apply Now


CERTIFICATE OF AVAILABILITY OF FUNDS (USA)



This certificate demonstrates that you have adequate funds to pursue a course
abroad and pay for the course fees and living expenses. Apply Now


ELIGIBILITY CRITERIA



This is our eligibility criteria:

 * The student taking the study loan must be an Indian Citizen and 18 years old
   or above.
 * There must be confirmed admission in the Institute before final disbursement
   of the education loan
 * The student loan must be co-signed by an earning co-borrower in India.

CO-BORROWERS

 * The co-borrower of abroad studies loan must be an Indian Citizen and could be
   a Parent, Sibling, Legal Guardian, or any other Relative.
 * The co-borrower must have a bank account in any bank in India with cheque
   writing facilities
 * The Co-borrower would necessarily be the primary debtor.

COURSES

 * Graduation/ Post-graduation for job oriented professional/ technical courses
   offered by reputed universities outside India as well as courses and
   universities approved by Avanse for education financing.

DOCUMENTS REQUIRED

 * Student KYC & Educational Documents
 * Course & Fee Details
 * Co-Borrower KYC and Income Documents
 * Collateral Documents


LOAN AMOUNT



The Minimum amount given as study abroad loan is Rs. 1,00,000.00/- At Avanse we
do not believe in putting limits to your dream of pursuing higher studies, we
look at structuring the study abroad loan to meet your necessary needs and cost
of education.




MARGIN




At Avanse we do not ask for any Margin money contribution from our applicants.
Our study abroad loans are designed to provide 100% coverage of the cost of
education, thus doing away with this burden, leaving you to focus on your
studies.




LOAN COVERAGE



 * 100% Tuition Fee as determined by the Institute or University
 * Living Expenses including purchase of Books, Computers and other expenses
   essential to complete the course (up to 75% of total living cost though not
   exceeding 20% of the total tuition fee)
 * Caution Deposit / Building Fund / Refundable Deposit supported by Institution
   Bills / Receipts but not exceeding 10% of the total tuition fee.
 * Travel expenses / passage money up to Rs. 75000/- for students travelling
   abroad.


LOAN PROCESS



Faster, Transparent and Hassle Free. These are the benefits that you get when
you come to Avanse for an education loan. Our optimized processes ensure you get
the required education loan easily and at the right time.
You can apply for an Avanse Education Loan process even before you enrol for
your course. However, disbursement of the loan will only be done after you have
secured a confirmed admission at the reputed/ recognised Institute or
University.
You can apply for an Avanse Education Loan before you enrol for your study,
however you will need to be fully enrolled before we can make any disbursements
for you.

Applying for an Avanse study loan procedure is quite simple. You can,

 * apply online – click here
 * Simply write to us at wecare@avanse.com


While applying for your education loan procedure, kindly ensure the following:

 * Ascertain how much finance you need from Avanse
 * Finalise the course you plan to pursue and the university you would be
   studying in.
 * Identify the Co-applicant or Guarantor
 * Check the documents required to be submitted
 * Submit the application form duly filled in and complete in all respects
 * Apply for the Education loan well in advance, to ensure timely disbursement


We will review your application and verify the information you have provided.
Should we need any • additional information to complete the study loan
procedure, we will get in touch with you.
We assess your education loan based on the information and documents provided.
Once your loan application is verified, we will issue our in – principle
approval through a Loan Offer letter, outlining the loan amount you qualify for.
We will also intimate you about any additional documents that may be required to
be submitted prior to disbursement. You can use this Loan Offer letter to
declare the source of funds, during the process of admission.
On submission of your admission confirmation, we will verify your admission
details with the Institute or University; collect details like Course duration
and commencement, Fee Schedules, etc.
If all conditions covered in the education loan procedure in India are met then
we will send you an Education Loan Agreement. The agreement will contain the
terms and conditions for your review, and the same will need to be signed by you
as a token of acceptance. You will be expected to return the signed agreement
quickly along with the original or verified copies that are required prior to
disbursement of your loan.

The education loan amount is provided to you by:

 1. DD –Demand Draft
 2. Cheque
 3. Or it is electronically transferred to the designated bank account.


INTEREST RATES



We always aim to offer you competitive interest rates on your Avanse Education
loan. The rate of interest on your loan is calculated as: Interest Rate = Avanse
Base Rate + Spread.
Our current Base Rate is 12.65% (w.e.f. 01.11.2018).
The Spread is floating and is based on analysis of the overall credit and course
profiling.

 * Rate of interest on student loan will be floating in nature.
 * Interest is calculated using Simple Interest Rate with Monthly rest.

This rate is subject to the terms and conditions of Avanse Financial Services
Ltd.



SECURITY



Security for the Loan is determined by the quantum of amount required and the
credit worthiness of the principal borrower. At Avanse, following types of
Collateral Security are accepted:

 * Residential property ( house/flat/apartment)
   
 * Fixed deposit with any deposit-taking organization assigned in favor of
   Avanse.
 * Life insurance with surrender Value equivalent to required security coverage.
   
 * Non agricultural land


DISBURSEMENT


 * The Study Loan Amount will be disbursed in Indian Rupees.
 * The Tuition and hostel Fees will be directly disbursed to the educational
   institute,in installments, as per the requirement of the specific educational
   institute
 * The loan amount related to other expenses will be disbursed in installments
   spread over the duration of the study, and ideally will be transferred to the
   co-borrower's account
 * In case the student resides outside the hostel, the fee will be transferred
   to the co-borrower's account.
 * In case it is needed, money will be transferred as per agreement with third
   party FOREX vendor.


SERVICES & CHARGES



Avanse Education loan Service charges and fees are as follows:
Effective: 14th February 2013

Description of Charges Charges and Fees Pre-Payment charges No pre-payment
allowed in the first 6 months of loan disbursement Charges for late payment of
PMII / EMI 2% per month Cheque / ECS Swap charges Rs 500/- plus applicable GST
Cheque / ECS Bounce charges Rs 400/- plus applicable GST Document handling
charges (At the time of foreclosure) Rs 1500/- + plus applicable GST

Any other additional services requested by the customer such as Document
Retrieval, Account Statement etc, will be charged on nominal basis, as per the
policy of the company


REPAYMENT



Minimum Repayment Tenure: 12 Months
Maximum Repayment Tenure: 120 Months (Including course duration)
Grace Period is of 6 Months after the course is complete or 3 months after
getting the Job,

REPAYMENT TYPES

As a responsible lender, Avanse understands the importance of your education
loan and ensures that you are supported with various options to maintain a good
credit so that you not just enjoy your financial independence but are
responsible for maintaining it too.
Avanse offers you the flexibility of repaying your education loan while in
school as well as on completion of your course,

 * Interest servicing during the course
 * Partial Interest servicing during the course
 * EMI Repayment during the course
 * EMI repayment post Holiday / Moratorium period
 * Step Up repayment facility


PROCESSING FEES



Avanse charges Processing fee between 1-2% of the loan amount and is calculated
on a case-to-case basis. The final amount is arrived in the course of processing
the loan application.


DOCUMENT CHECKLIST



Document Checklist : Checklist of Supporting Documents

Applicant Co Applicant Additional Co- Applicant Guarantor 2colour photos 2colour
photos 2colour photos 2colour photos Photo Id Photo Id Photo Id Photo Id
Residence Proof Residence Proof Residence Proof Residence Proof Date of Birth
Proof Date of Birth Proof Date of Birth Proof Date of Birth Proof Signature
Verification Signature Verification Signature Verification Signature
Verification Academic Documents 8 Months Bank Statement 8 Months Bank Statement
Income Proof Proof of Admission Income Proof Income Proof Collateral Documents
Fees Structure Collateral Documents Collateral Documents     Relationship Proof
Relationship Proof  

For more information go on Downloads section.


DOWNLOADS



Must Have Downloads
Get into form! These must-have downloads are your immediate pre-requisites that
are the starting points to open up academic doors and, perhaps, your world.

Application Form Download

Loan Process



Document Checklist

• Login checklist for salaried Download

• Login checklist for employed profesional (Senp) Download

• Login checklist for employed profesional (Sep) Download



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