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Avanse Financial Services

An education Finance Organization is a Non Banking Finance Company regulated by Reserve Bank of India. Avanse is an associate organization of Dewan Housing Finance Limited (DHFL) which is a prominent housing finance organization.

About Education Loans at Avanse

• Avanse aims at providing quick and hassle-free education finance to Indians who wish to study within the country as well as abroad.

• Avanse finances 100% loan amount as an education loan for anyone willing to study in India or abroad.

• Avanse offers tailor made solutions and thrives to help you fulfill your dream by providing you education loan with flexible repayment options.

Avanse has its presence across 183 locations in India. Avanse has been fulfilling educational aspirations of many students by helping them avail conventional as well as regular courses. As on date Avanse has enabled students to successfully apply at over 1600 Universities, more than 2200 colleges and over 4000 courses across more than 60 countries globally.

Education loans with Avanse

Avanse Education loan –To Study in India

You can avail education loans with a minimum loan amount of Rs. 1 lakh at 11.5% interest p.a. if you plan to study anywhere in India. You can avail education loan from Avanse if you are an Indian Citizen above 18 years of age. You will need a co-borrower to avail your education loan from Avanse. You may be required to submit collateral as a security of education loan you want to avail, which can be your property, insurance, or a FD with DHFL. Your tuition fee will be directly paid to the respective institute and your studies will be taken care of.

Avanse Education loans –To Study Abroad

With Avanse education loans to study abroad you can be sure that your 100% Tuition Fee will be taken care by Avanse as per the University/Institute fee structure. The purchase of study material such as your books, laptops and other any other essentials required for completion of your course will be taken care which will be upto 75% of total expenditure which will not exceed 20% of the total tuition fee. For students travelling abroad a sum of Rs. 75000/- will be taken care of to ensure that students can easily travel abroad to fulfil their aims in life.

Avanse Education Loans – For Executives/ Working Professionals

Avanse offers opportunity for working professionals with a minimum of 2 years of working experience, to avail a minimum of Rs.1 Lakhs as education loan and pursue further studies. With Avanse education 100% Tuition Fee will be taken care by Avanse as per the University/Institute fee structure. The purchase of study material such as your books, laptops and other any other essentials required for completion of your course will be taken care which will be upto 75% of total expenditure which will not exceed 20% of the total tuition fee. For students travelling abroad a sum of Rs. 75000/- will be taken care of to ensure that students can easily travel abroad to fulfill their aims in life.

Avanse Education Loan – Pre Admission Loan

Avanse Pre Admission Education loans are loans structured to assist students during the planning phase of applying for various universities especially when your admissions are not secured and there is a requirement of assured funding to complete the course. Availability of an assured funding at the time of application process increases the probability of your admission to your desired University.

Avanse Education Loan - Balance Transfer

Avanse also offers education loan balance transfer scheme where you can avail and opportunity of lowering interest rates of your existing education loan in a hassle-free and transparent way. This scheme will also enable you to enjoy lower EMIs with long repayment tenure. Avanse charges zero processing fee, and you pay only nominal documentation charges. You can apply for your education loan through Avanse’s doorstep services and repay easily through foreign remittances.

Eligibility and Documents for Salaried

Products Documents list Eligibility criteria and locations
Education Loan
  1. Student KYC & Educational Documents
  2. Course & Fee Details
  3. Co-Borrower KYC and Income Documents
  4. Collateral Documents
• You should be a citizen of India above 18 years of age • Confirm admission on the institute before disbursement • Loan must be co signed by a co borrower earning in India • You should be a citizen of India above 18 years of age • Confirm admission on the institute before disbursement • Loan must be co signed by a co borrower earning in India • The student should be an Indian National with minimum work experience of 2 years in a Government/ Corporate/Multinational concern. • The minimum age of the student should be 18 or above. • Should have secured admission or intimation of final selection to the desired Professional Programme of a reputed institution in India or abroad. • The institute must be approved by Avanse. • Co-borrower may or may not be required depending on the quantum and credit worthiness of the borrower LOCATION FOR FUNDING - All Over India

Fees and Charges for Salaried

Products Fees and Charges
Education Loan 1. Interest rate- 11.50%
2. Processing Fess- 1-2% of the loan amount
3. Late Payment Charges-2% per month
4. Chq. Bounce Charges-400/-

FAQs for Salaried

1. What are the Features for Educational Loan ?
Ans • 100% Education Finance – No Margin Money • Flexible Repayment Structuring • 4 Days* Loan Sanction • Customized Loan Solutions • Option to Repay from Abroad • No Upper Limit on Loan Amount • Doorstep Service • Hassle-free & Transparent Process • Post Disbursement Online Account Management • What are the products you offer? • Brigde Loan • Pre Admission Loans • Pre Visa Disbursement loans • Certificate of availability of funds
2. What Security is to be provided if we are planning to study in Abroad?
Ans. Following types of Collateral Security are accepted: • Residential property (house/flat/apartment) • Fixed Deposit with DHFL preferably or any other deposit taking organization, assigned in favor of AVANSE. • Life insurance with surrender Value equivalent to required security coverage. • Existing House mortgaged with DHFL can be taken as security on second charge basis provided it covers the required amount. • Non agricultural land

Eligibility and Documents for Self Employed

Products Documents list Eligibility criteria and locations
Education Loan
  1. Student KYC & Educational Documents
  2. Course & Fee Details
  3. Co-Borrower KYC and Income Documents
  4. Collateral Documents

• You should be a citizen of India above 18 years of age
• Confirm admission on the institute before disbursement
• Loan must be co signed by a co borrower earning in India
• You should be a citizen of India above 18 years of age
• Confirm admission on the institute before disbursement
• Loan must be co signed by a co borrower earning in India
• The student should be an Indian National with minimum work experience of 2 years in a Government/ Corporate/Multinational concern.
• The minimum age of the student should be 18 or above.
• Should have secured admission or intimation of final selection to the desired Professional Programme of a reputed institution in India or abroad.
• The institute must be approved by Avanse.
• Co-borrower may or may not be required depending on the quantum and credit worthiness of the borrower

Location for Funding - All Over India

Fees and Charges for Self Employed

Products Fees and Charges
Education Loan 1. Interest rate- 11.50%
2. Processing fees upto 2.50%
3. Late Payment Charges-2% per month
4. Chq. Bounce Charges-400/-

FAQs for Self Employed

1.What are the Features for Educational Loan?

Ans.
• 100% Education Finance – No Margin Money
• Flexible Repayment Structuring
• 4 Days* Loan Sanction
• Customized Loan Solutions
• Option to Repay from Abroad
• No Upper Limit on Loan Amount
• Doorstep Service
• Hassle-free & Transparent Process
• Post Disbursement Online Account Management
• What are the products you offer?
• Brigde Loan
• Pre Admission Loans
• Pre Visa Disbursement loans
• Certificate of availability of funds

2.What Security is to be provided if we are planning to study in Abroad?

Ans.
Following types of Collateral Security are accepted:
• Residential property (house/flat/apartment)
• Fixed Deposit with DHFL preferably or any other deposit taking organization, assigned in favor of AVANSE.
• Life insurance with surrender Value equivalent to required security coverage.
• Existing House mortgaged with DHFL can be taken as security on second charge basis provided it covers the required amount.
• Non agricultural land