Avanse Education Loan for Abroad Studies

Get an Education Loan from Avanse

Secure affordable loan options from Avanse Education Loans to pursue your higher education dreams with ease.

Overview of Avanse Education Loans

Avanse offers affordable education loans for students who wish to study abroad. Avanse Education Loans have helped 47,000 students travel abroad for higher studies in more than 1,550 institutions across 49 countries.

Advantages of Avanse Education Loans

100% financing available for students who meet criteria

Covers all education-related expenses including travel

You can avail loans with or without collateral options

Moratorium period of 6 months after course completion

Long loan repayment tenure of up to 15 years

Avanse Education Loan Features

100% Financing

Cover your tuition, living expenses, and more with full financial support

Fast Approval

Get your loan sanctioned within just 3 days

Flexible Repayment

Choose repayment options that suit your financial situation

Doorstep Service

Enjoy hassle-free service right at your doorstep

Customizable Loans

Tailor your loan to fit your education needs

Eligibility Criteria & Documents Required

Eligibility Criteria for Avanse Education Loan:
You have to be an Indian citizen
You should have received confirmation letter from the university
You must be at least 18 years old
Loan application requires a co-applicant - parent, sibling, legal guardian
Co-applicant must also be an Indian citizen and will act as the primary debtor

Documents Required for Avanse Education Loan

Identity Proof
- Aadhar Card
- Voter ID

Academic Documents including
- Class 12 and graduation mark sheets
- Admission test results (GRE, GMAT, etc.)
- University acceptance letter

Financial Documents
- Bank statements from the past 6 months
- Co-applicant income proof (salary slips, IT returns, or bank statements)

Avanse Education Loan vs Other Banks

Feature

Interest Rates

Loan Amount

Processing Fees

Collateral Requirement

Pre-Visa Loan Approval

Repayment Flexibility

Loan Coverage

Loan Disbursement Speed

Prepayment Charges

Avanse

Interest Rates

Loan Amount

Processing Fees

Collateral Requirement

Pre-Visa Loan Approval

Repayment Flexibility

Loan Coverage

Loan Disbursement Speed

Prepayment Charges

Other Banks & NBFCs

Interest Rates

Loan Amount

Processing Fees

Collateral Requirement

Pre-Visa Loan Approval

Repayment Flexibility

Loan Coverage

Loan Disbursement Speed

Prepayment Charges

How to Apply for an Avanse Education Loan?

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Upload Documents

Securely upload your documents for verification and scrutiny

Get Loan Approval

Receive approval in 48 - 72 hours working days and have access to funds

What Our Customers Say

GradRight offers a simple and seamless loan process. Thousands of students have benefited from our ability to get the best education loan offers. Here are testimonials from a few of them.

2.5 Lakh

Student served

1,304+ Cr

Savings

25,000+ Cr

Worth loans

Get 100% financing, quick approvals, and flexible repayment options.

Frequently Asked Questions

What is the Avanse Education Loan interest rate?

Avanse Education Loans come with interest rates ranging from 10% to 16.5% per annum. It is calculated using a floating Base Rate plus a spread. This varies based on your credit profile and course.

What is the maximum loan amount for Avanse Education Loan for abroad studies?

Avanse Education Loan is for a minimum of INR 1 lakh. There is no upper limit. But it is important to note that the upper limit would depend on your scholastic profile, course chosen, the repayment capacity of your family/co-applicant and of course CIBIL score.

When should I apply for an Avanse Education Loan?

You can apply for a loan as soon as you receive an admission letter. Avanse offers approval and disbursal in 72 hours. It is entirely online and you do not need to visit a branch. To help with application costs you can also apply for Pre-Admission Loan from Avanse.

Is there any processing charge for Avanse Education Loans?

GradRigth does not charge any fee for application. Avanse Education Loans charge between 1-2% of the loan amount as processing fee.

Will the interest rate for Avanse Education Loan always remain the same?

You can easily avail of floating interest rates. Depending on market conditions the interest rate will rise and fall thus ensuring you get the most affordable loan possible.