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Get Free Education Loan Assistance From Shiksha Udaan Capital
10.75% - 13.0%
1 - 1.5%
Nil
For students who want to continue their study abroad or in India, Avanse Financial Services, a Non-banking Financial Company (NBFC), offers education loans. The company strives to make the loan application procedure as simple and stress-free as possible and offers tailored loan solutions for a variety of courses and universities.
Avanse Financial Services offers education loans for studying abroad that include over 2000 universities and colleges, as well as 27,000 pre-approved courses in more than 50 countries. To help applicants advance their careers overseas while studying, they provide a range of financial services such as pre-visa disbursement loans, pre-admission loans, bridge loans, fast-track loans, and score-based advantages.
| Features | Description |
|---|---|
|
Loan amount |
Up to INR 75 Lakh |
|
Rate of interest |
10.75% - 13.0% |
|
Processing fees |
1-1.5% |
|
Processing time |
7-10 days |
|
Margin money |
nil |
|
Moratorium period |
Course duration + 1-year |
|
Repayment tenure |
15 years |
The moratorium period refers to a specific timeframe where you are not obligated to repay your education loan.
The borrower’s contribution towards a loan is known as margin money, with the lender covering the rest of the amount.
For students planning to study abroad, Avanse Financial Services provides both secured and unsecured loans. The customer-centric strategy of Avanse is one of its distinctive traits. If you are applying for a Bachelor’s course, kindly remember that the collateral is required.
To Qualify for an Avanse Education Loan, Certain Conditions Must be Met
At the time of application, the applicant needs to be at least 18 years old or above. Moreover, the student should have obtained admission to a recognized university.
The applicant has to meet the minimal academic standards set by the lending institution and have a good academic background. Moreover, the student needs to sit for necessary exams like GRE, IELTS, or TOEFL. GRE is essential for obtaining an education loan in the United States.
A co-applicant with a regular source of income and a good credit history is required for the loan application. This co-applicant may be the applicant’s mother, father, sister, brother, spouse, paternal or maternal relative, or legal guardian.
The scheme will cover regular graduate Degree, post-graduate Degree, Diploma, Certificate, and doctorate courses in any discipline offered by foreign Institutes/Universities in various countries such as the USA, UK, Canada, Australia, New Zealand, France, Germany, and Ireland.
| Features | GRE >=310 | GRE 300 - < 310 | GRE 285 - < 299 |
|---|---|---|---|
|
Avanse eduaction loan interest rate |
12.25 - 12.75% |
12.75 - 13% |
13 - 14% |
|
Loan amount |
Up to INR 50 Lakh |
Up to INR 40 Lakh |
Up to INR 35 Lakh |
|
Co-applicant minimum income |
INR 30K |
INR 35K |
INR 35K |
|
Monthly installment during the course |
Partial simple interest |
Partial simple interest |
Simple interest |
|
Processing fees |
1% |
1% |
1% |
| Features | Australia / New Zealand | Canada | UK |
Germany/Ireland/ France/Italy |
|---|---|---|---|---|
|
Avanse eduaction loan interest rate |
12.5 - 12.75% |
12.5 - 13% |
12.5 - 13.5% |
12.5 - 13.5% |
|
Loan amount |
INR 20 Lakh |
INR 30 Lakh |
INR 40 Lakh |
INR 20 Lakh |
|
Co-applicant minimum income |
INR 60K |
INR 30K |
INR 40K |
INR 40K |
|
Monthly installment during the course |
EMI |
Simple interest |
Simple interest |
Simple interest |
|
Processing fees |
1 - 1.5% |
1% |
1 - 2% |
1 - 1.5% |
Avanse Financial Services requires borrowers to pay a compulsory premium for credit life insurance, which typically ranges from 1.25% to 1.5% of the total loan amount.
Avanse includes an optional health insurance premium of about INR 40K for international health coverage.
Shiksha Udaan Capital provides an individualized list of required documents for education loans, based on your profile and the profile of your co-applicant.
If you have any inquiries related to studying abroad, you can reach out to Avanse using the following contact methods.
If you need to get in touch with Avanse, email is the way to go. By sending an email to wecare@avanse.com, you can reach their dedicated customer support team. Make sure to offer all the related information about your profile in the email, as this will allow them to offer you a response that is personalized to your requirements.
Online Application Form
To initiate the application process, you have the option to fill out an online application form available on the official Avanse website www.avanse.com. By accessing this platform, you can conveniently provide the required information and submit your application electronically.
Branch Visits
To ensure a more personalized experience, you may go to visit the nearest Avanse branch in your city or locality. Avanse’s main office is located in Mumbai, and they also have branch offices in several cities throughout India, such as Delhi, Ahmedabad, Bangalore, Hyderabad, Chennai, and Chandigarh.
You may apply for an education loan through Shiksha Udaan Capital, an education financing platform that specializes in helping students secure funds for their higher education abroad if you prefer an easier approach and want to avoid the stress of physically visiting branches and dealing with intricate application forms. Our committed counselors will thoroughly review your profile and suggest the best lenders based on your specific loan preferences. Our knowledgeable counselors will offer continuous assistance during the loan procedure and will be ready to handle any challenges or issues that may come up.
Assured Best Loan Option
Shiksha Udaan Capital is dedicated to offering you the finest education loan available in the market. We strive to obtain the optimal deal for your benefit.
Quick Processing Time
Shiksha Udaan Capital representatives collaborate with different departments at Avanse Finance to streamline the process and expedite loan approval within a timeframe of 5-7 days. This is the reason that each year thousands of students contact us with their loan applications. The typical loan processing period for students who apply directly to the NBFC is between 10 and 12 days.
Completely Free Services Offered
At Shiksha Udaan Capital, we provide our services to applicants without any cost. There are no processing fees or commissions that applicants need to pay.
Higher Chances of Approval
If any obstacles arise regarding the documentation or the application process, Shiksha Udaan Capital will take the necessary steps to assist and work towards resolving the issue by collaborating with the officials at Avanse.
Effortless Process
Numerous challenges may arise when directly applying for an Avanse education loan. Shiksha Udaan Capital offers a simpler alternative. By visiting Shiksha Udaan Capital’s website, you can easily assess your eligibility for the loan. Once confirmed, you can rest assured knowing that a dedicated education loan counselor will be assigned to assist you throughout the process.
To secure an education loan from Avanse, you have the option to conveniently apply online via their official website. Nevertheless, if you prefer a smoother and quicker application procedure, Shiksha Udaan Capital offers an alternative platform for you to apply for your education loan.
Shiksha Udaan Capital serves as a digital platform specifically crafted to aid Indian students in funding their overseas education. With a streamlined process, this platform can facilitate the approval of your education loan in a mere four simple steps.
You can avail a loan of up to INR 50 Lakh without the need for collateral. If you can provide collateral, the loan amount can go up to INR 80 Lakh. The final loan amount is subject to various factors such as the course fee, the country of study, and the income of the co-applicant.
In the United States, the typical tuition rates span from 10.75% to 12.0% – 13.0%, whereas for colleges and universities in other countries, the range lies between 10.75% – 12.0% – 12.0% – 13.0%, depending on the institution.
Avanse education loans can be repaid over 15 years.
Other living expenditures are moved to the borrower’s account, while tuition and on-campus housing fees are credited to the university’s account.
Avanse provides education loans up to INR 75 Lakh without requiring collateral.
No, after six months of disbursement, there is no penalty for early payment.
Shiksha Udaan Capital aims to support your dream of attaining a high-quality education and provide students with easy access to personalized educational finance alternatives.
