Financial Aid
Avanse Education Loan
Receive expert, personalized guidance at no cost from VITTIYA to navigate education financing, ensuring a smooth journey to securing the funding you need for your studies in India or abroad.
Interest Rate
Starting from 10.75%
Processing Fees
1% – 1.5%
Margin Money
NIL
The Process Explained
How It Goes
Easy 5-Step Digital Journey to Secure Your Education Loan
Ensure Your Loan Eligibility
Check your eligibility & get conditional loan offers
instantly.
Speak with Loan Experts
Connect with our loan counselor to better understand the process.
Share Documents & Fill the Form
Complete required forms & submit documents for bank verification.
Settle Your Best Loan Offer
VITTIYA secures the best rates & maximum loan amount for you.
Get Loan Approval & Disbursement
Get fast loan approval & quick fund
disbursement.
Ensure Your Loan Eligibility
Check your eligibility & get conditional loan offers
instantly.
Speak with Loan Experts
Connect with our loan counselor to better understand the process.
Share Documents & Fill the Form
Complete required forms & submit documents for bank verification.
Settle Your Best Loan Offer
VITTIYA secures the best rates & maximum loan amount for you.
Get Loan Approval & Disbursement
Get fast loan approval & quick fund
disbursement.
Study Abroad
Avanse Bank Education Loan for Abroad Studies
All you need to know about Avanse bank education loan for studying abroad
Overview of Avanse Education Loan
Avanse Financial Services, a prominent NBFC, offers flexible and customized education loans for students pursuing higher studies in India or abroad. Through VITTIYA, you can access Avanse’s tailored loan solutions designed to support a wide variety of academic programs and global institutions, making your study abroad journey financially seamless.
With coverage across 2000+ universities and 27,000+ pre-approved courses in over 50 countries, Avanse loans through VITTIYA include options like pre-visa disbursement, pre-admission loans, bridge loans, fast-track loans, and score-based benefits. These offerings ensure you’re financially prepared at every step—right from securing admission to completing your education without hurdles.
Overview of the Avanse Education Loan
| Feature | Description |
|---|---|
| Loan Amount | Up to INR 50 Lakh |
| Rate of Interest | 10.50% - 13.5% |
| Processing Fees | 0.5 - 1% |
| ProcessingTime | 7-10 days |
| Margin Money | NIL |
| Moratorium Period | Course Duration + 1-year |
| Repayment Tenure | 15 Years |
The moratorium period is the duration during which you are not required to make any repayments on your education loan—giving you financial breathing room while studying.
Margin money refers to the portion of the education cost that you, as the borrower, contribute, while the remaining is financed by the lender.
Eligibility Criteria for Credila Unsecured Education Loan
- Age: Applicant must be 18 years or older and have secured admission to a recognized university.
- Academic Record: A strong academic background is required. Standardized tests like GRE, IELTS, or TOEFL are necessary (GRE is important for US applicants).
- Co-applicant: A co-applicant with a stable income and good credit history is mandatory. This can include parents, siblings, spouse, or legal guardian.
- Course & Country: Loans are available for undergraduate, postgraduate, diploma, certificate, and PhD programs in countries such as the USA, UK, Canada, Australia, Germany, and more.
Documents Required for Unsecured Axis Bank Education Loan Abroad
There are three different times at which you will need some documents. The initial set of documents will be required when the loan application is in process, the second set of documents will be required during the first disbursement, and the last set of documents will be required for the subsequent disbursement.
Documents Required During the Initial Phase of the Loan Process:
For Salaried & Other Individuals:
- KYC documents
- Last 6 months’ bank statement / passbook
- Admission letter with fee structure
- Academic documents (SSC, HSC & Degree mark sheets/certificates)
Documents Required for the First Disbursement:
- Demand letter from the university
- Disbursement request form (signed)
- Margin money receipt & bank proof
- Collateral documents (if applicable)
Documents Required for Subsequent Disbursement:
- Fresh demand letter
- Signed disbursement request form
- Updated margin money receipt & bank proof
- Academic progress proof (marksheet, bonafide, or report)
Avanse Education Loan Interest Rate
Avanse education loan interest rates currently range from 10% to 16.5%, based on factors like your academic profile, credit history, loan amount, and whether collateral is provided. The rate is linked to the Avanse Base Rate, which is presently 14.25%. As this is a variable rate, it may change depending on market conditions during your loan tenure.
Avanse Education Loan Repayment Terms
Avanse offers flexible repayment terms designed to support students during and after their studies. You get a moratorium period covering the duration of your course plus 6 months, or 3 months after employment—whichever is earlier. No repayment is mandatory during this time, though you have the option to start early.
Avanse Education Loan for the US
| Feature | GRE > = 310 | GRE 300 = < 310 | GRE 285 = < 299 |
|---|---|---|---|
| Avanse Education 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 Installments during the Course | Partial Simple Interest | Partial Simple Interest | Simple Interest |
| Processing Fee | 1% | 1% | 1% |
Avanse Education Loan for Other Countries
| Feature | Australia / New Zealand | Canada | UK | Germany / Ireland / France / Italy |
|---|---|---|---|---|
| Avanse Education Loan Interest Rate | 12.5 - 12.75% | 12.5 - 13% | 12.5 - 13.5% | 12.5 - 13.5% |
| Loan Amount | INR 40 Lakh | INR 20 - 25 Lakh | INR 40 Lakh | INR 20 Lakh |
| Co-applicant Minimum Income | INR 35K | INR 35K | INR 40K | INR 40K |
| Monthly Installments during the Course | Partial Simple Interest | Simple Interest / Partial Simple Interest | Simple Interest / Partial Simple Interest | Simple Interest / Partial Interest |
| Processing Fee | 1% | 0.75 - 1% | 0.75 - 1.25% | 1 - 1.5% |
Documents Required for Avanse Education Loan
Applicant’s Documents
- Valid ID proof (PAN, Passport, Voter ID, etc.)
- Completed loan application form
- Passport & Admission Letter (conditional accepted)
- Academic records: 10th, 12th, UG mark sheets
- Entrance exam scores (GRE, GMAT, TOEFL, etc.)
Co-applicants Documents
- ID and address proof
- 2 passport-sized photos
- Bank statement (last 6 months)
Income Proof (Salaried)
- Last 3 months’ salary slips
- Form 16 (last 2 years)
- Statement of assets & liabilities
Income Proof (Self-Employed)
- Business address proof
- Last 2 years IT returns
- TDS certificate (Form 16A)
- Statement of assets & liabilities
- Bank statement (last 6 months)
How to Contact Avanse for an Education Loan?
To get in touch with Avanse for study abroad loan queries, you can email them at wecare@avanse.com or fill out the online application form on their official website www.avanse.com. You can also visit their head office in Mumbai or regional branches in cities like Delhi, Bangalore, Chennai, Hyderabad, and more.
For a simpler, fully guided experience, apply through VITTIYA. We assess your profile, connect you with the right lender, and support you through every step of the education loan process—completely free of cost.
Benefits of getting your Avanse Education Loan through VITTIYA
- Best Deal Guarantee: Get the most competitive loan offer. If you find a better one, we cover the interest rate difference.
- Fast Processing: Loan approval in just 5–7 days with our expert coordination.
- Zero Charges: Our services are 100% free—no hidden fees.
- Higher Approval Rate: We resolve issues directly with Avanse to improve your chances.
- End-to-End Support: A dedicated counselor handles your loan process from start to finish, hassle-free.
Overview of Avanse
Avanse Financial Services, a prominent NBFC, offers flexible and customized education loans for students pursuing higher studies in India or abroad. Through VITTIYA, you can access Avanse’s tailored loan solutions designed to support a wide variety of academic programs and global institutions, making your study abroad journey financially seamless.
With coverage across 2000+ universities and 27,000+ pre-approved courses in over 50 countries, Avanse loans through VITTIYA include options like pre-visa disbursement, pre-admission loans, bridge loans, fast-track loans, and score-based benefits. These offerings ensure you’re financially prepared at every step—right from securing admission to completing your education without hurdles.
Overview of the Avanse Education Loan
| Feature | Description |
|---|---|
| Loan Amount | Up to INR 50 Lakh |
| Rate of Interest | 10.50% - 13.5% |
| Processing Fees | 0.5 - 1% |
| ProcessingTime | 7-10 days |
| Margin Money | NIL |
| Moratorium Period | Course Duration + 1-year |
| Repayment Tenure | 15 Years |
The moratorium period is the duration during which you are not required to make any repayments on your education loan—giving you financial breathing room while studying.
Margin money refers to the portion of the education cost that you, as the borrower, contribute, while the remaining is financed by the lender.
Eligibility for Avanse Education Loan
- Age: Applicant must be 18 years or older and have secured admission to a recognized university.
- Academic Record: A strong academic background is required. Standardized tests like GRE, IELTS, or TOEFL are necessary (GRE is important for US applicants).
- Co-applicant: A co-applicant with a stable income and good credit history is mandatory. This can include parents, siblings, spouse, or legal guardian.
- Course & Country: Loans are available for undergraduate, postgraduate, diploma, certificate, and PhD programs in countries such as the USA, UK, Canada, Australia, Germany, and more.
Avanse Education Loan Interest Rate
Avanse education loan interest rates currently range from 10% to 16.5%, based on factors like your academic profile, credit history, loan amount, and whether collateral is provided. The rate is linked to the Avanse Base Rate, which is presently 14.25%. As this is a variable rate, it may change depending on market conditions during your loan tenure.
Avanse Education Loan Repayment Terms
Avanse offers flexible repayment terms designed to support students during and after their studies. You get a moratorium period covering the duration of your course plus 6 months, or 3 months after employment—whichever is earlier. No repayment is mandatory during this time, though you have the option to start early.
Avanse Education Loan for the US
| Feature | GRE > = 310 | GRE 300 = < 310 | GRE 285 = < 299 |
|---|---|---|---|
| Avanse Education 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 Installments during the Course | Partial Simple Interest | Partial Simple Interest | Simple Interest |
| Processing Fee | 1% | 1% | 1% |
Avanse Education Loan for Other Countries
| Feature | Australia / New Zealand | Canada | UK | Germany / Ireland / France / Italy |
|---|---|---|---|---|
| Avanse Education Loan Interest Rate | 12.5 - 12.75% | 12.5 - 13% | 12.5 - 13.5% | 12.5 - 13.5% |
| Loan Amount | INR 40 Lakh | INR 20 - 25 Lakh | INR 40 Lakh | INR 20 Lakh |
| Co-applicant Minimum Income | INR 35K | INR 35K | INR 40K | INR 40K |
| Monthly Installments during the Course | Partial Simple Interest | Simple Interest / Partial Simple Interest | Simple Interest / Partial Simple Interest | Simple Interest / Partial Interest |
| Processing Fee | 1% | 0.75 - 1% | 0.75 - 1.25% | 1 - 1.5% |
Documents Required for Avanse Education Loan
Applicant’s Documents
- Valid ID proof (PAN, Passport, Voter ID, etc.)
- Completed loan application form
- Passport & Admission Letter (conditional accepted)
- Academic records: 10th, 12th, UG mark sheets
- Entrance exam scores (GRE, GMAT, TOEFL, etc.)
Co-applicants Documents
- ID and address proof
- 2 passport-sized photos
- Bank statement (last 6 months)
Income Proof (Salaried)
- Last 3 months’ salary slips
- Form 16 (last 2 years)
- Statement of assets & liabilities
Income Proof (Self-Employed)
- Business address proof
- Last 2 years IT returns
- TDS certificate (Form 16A)
- Statement of assets & liabilities
- Bank statement (last 6 months)
How to contact Avanse for an Education Loan ?
To get in touch with Avanse for study abroad loan queries, you can email them at wecare@avanse.com or fill out the online application form on their official website www.avanse.com. You can also visit their head office in Mumbai or regional branches in cities like Delhi, Bangalore, Chennai, Hyderabad, and more.
For a simpler, fully guided experience, apply through VITTIYA. We assess your profile, connect you with the right lender, and support you through every step of the education loan process—completely free of cost.
Benefits of getting your Avanse Education Loan through VITTIYA
- Best Deal Guarantee: Get the most competitive loan offer. If you find a better one, we cover the interest rate difference.
- Fast Processing: Loan approval in just 5–7 days with our expert coordination.
- Zero Charges: Our services are 100% free—no hidden fees.
- Higher Approval Rate: We resolve issues directly with Avanse to improve your chances.
- End-to-End Support: A dedicated counselor handles your loan process from start to finish, hassle-free.
How to apply for an Avanse education loan via VITTIYA
If you’re planning to fund your overseas education with an Avanse loan, you can apply directly on their website. However, for a quicker and more convenient experience, you can apply through VITTIYA.
VITTIYA is an end-to-end education loan support platform that simplifies the entire loan process. From checking your eligibility to getting your loan approved in just a few easy steps, VITTIYA ensures a smooth and stress-free journey toward securing your Avanse education loan.
The Vittiya Effect in Avanse Education Loan
| Feature | With Vittiya | Without Vittiya |
|---|---|---|
| Personalized Document Checklist According to Profile & Area | Yes | No |
| Branch Visits | 0 | 3-4 |
| Pre-Visa Disbursements | Easy | Difficult |
yOUR ANSWER
Frequently Asked Questions
What is the maximum loan amount one can get from Avanse education loan?
Easily up to INR 50 Lakh (without collateral) and INR 80 Lakh (with collateral), which can be increased as per course fee, country, and co-applicant income, etc.
What is the interest rate on an Avanse education loan?
Typically for the US, it’s between 10.75% to 12.0% – 13.0%, and for other countries, it’s between 10.75% – 12.0% – 12.0% – 13.0% , depending on the college/university.
What is the Avanse education loan repayment tenure?
The Avanse education loan repayment is up to 15 years.
Is the loan disbursed in the borrower’s account or the institute/college/university’s account?
Tuition fees and on-campus housing fee is transferred to the university’s account, whereas other living expenses are transferred to the borrower’s account.
Is there a prepayment penalty on Avanse education loans?
No, there is no penalty on prepayment after 6 months of disbursement.
Does Avanse offer education loan without collateral?
Yes, Avanse offers education loans upto INR 75 Lakh without collateral.