Secure Funds with Avanse Undergraduate Education Loan
Get 100% financing for top universities abroad with competitive rates and quick approval.
Why Choose Avanse Bank Education Loans
Established in 2013 as a new-age, education-focused NBFC, Avanse Financial Services empowers Indian students headed abroad. Students can benefit from quick approvals, flexible repayment perks, with zero bank visits.
Advantages of Choosing Avanse
Offers 100% of tuition coverage and 75% of living expenses coverage
Offers up to ₹1.25 Cr loan (collateral-free if loan amount < INR 50 L)
Get approval in 3 days with online tracking
6-month grace period after course completion
Covers 46 + study destinations worldwide, including the USA, UK, and Canada
Avanse Education Loan Highlights
Interest Rate
10.75%
Repayment Period
15 years
Processing Fee
1.5%
Pre-Visa Disbursal
Yes
Eligibility Criteria & Documents Required
Check whether you qualify for an Avanse education loan in India and abroad.
- Full-time UG/PG programs at accredited/QS-ranked institutes
- 18–35 yrs (Indians). NRIs may apply with an Indian co-applicant
- Admission confirmation letter and fee structure of the course
- Co-applicant is mandatory (salaried/self-employed with ITR)
- Collateral is not needed for loan amounts up to INR 50 Lakh
- Academic documents - marksheets, admission letter, course fee structure
- KYC documents - Aadhar card, PAN card, passport (student + co-applicant)
- Fiscal docs - Salary slip + Form 16 / ITR + P&L statement, bank statement
- I-20 for USA, CAS for UK, visa application copy, & university fee structure
- Document establishing the link between the applicant and the co-borrower
Explore Avanse Loan Abroad
Avanse offers digital, collateral-free overseas education loans up to ₹1.25 crore with extended grace periods.
Undergraduate Avanse Education Loan
Thousands of borrowers used GradRight to access fast, no-collateral Avanse loans, and saved significantly on interest and approval time for UG studies.
200,000+
students assisted
₹16,300 crore
loan requests processed
₹2,000 crore
disbursed in loans
Secure your dream degree abroad with Avanse—flexible, fast, and fully digital loans designed for ambitious indian students.
Frequently Asked Questions
What are the loan repayment options for Avanse Financial Services?
Avanse Financial Services offers borrowers a trio of flexible repayment pathways. Avanse lets you start full EMIs while studying, pay only interest during the course, or begin repayment after the moratorium.
Can I get an Avanse education loan without collateral?
Yes. Avanse offers unsecured education loans for up to INR 50 L. They evaluate your academic profile and family financials instead of pledged assets. This allows you to finance your studies abroad without any property papers, FDs, or collateral security.
How is the Avanse education loan interest rate calculated?
Interest equals Avanse Base Rate plus a floating spread decided after credit and course profiling. Avanse offers an interest rate of 9.5% pa for domestic students, 10.25% pa for international students and 11% pa for collateral-free loans. The exact rate will depend on your course type, credit history and loan amount.
What is the Avanse education loan eligibility for undergraduates?
Undergraduate applicants must be Indian citizens aged 18 or above, hold a confirmed admission in a recognised institute, and submit co-borrower financial details. Avanse hasn’t specifically mandated any marks or score thresholds. However, a strong academic background is preferred.
Can I check the Avanse loan status online?
Yes. Use GradRight’s dashboard to log in and track application progress, sanction letters, disbursements, and EMI schedules securely.
Do I need to visit a physical branch to get an Avanse study loan for undergraduates?
No. With GradRight, you get an end-to-end online application, document upload, approval, and disbursal journey. Undergraduate borrowers can complete the entire process remotely without ever having to visit a branch or office.
How do I apply for an Avanse education loan in Bangalore?
Residents can fill out the digital form on the Avanse website or drop by the Avanse Bangalore Koramangala branch. Most cases are cleared in three to five working days after verification.
Where is Avanse Financial Services located in Chandigarh?
The regional office of Avanse Financial Services in Chandigarh is at SCO 54-55, Sector 34A. The location caters primarily to students from Punjab University and the surrounding colleges.
Does Avanse Financial Services in Ahmedabad offer special rates for local students?
Yes, Ahmedabad applicants enrolled at leading colleges such as IIM-A often receive a discount of 0.25% off the standard rate. Processing is also noticeably quicker at the Prahlad Nagar branch.
What makes Avanse Pune's education loan process different?
The Kothrud branch of Avanse Pune can pre-approve Savitribai Phule Pune University candidates on the same day by asking for very little paperwork.
Can Hyderabad students get collateral-free loans from Avanse?
Yes, Avanse Hyderabad (Hitech City branch) offers collateral-free loans up to INR 50 L for students enrolled at IIIT-H, the University of Hyderabad, or other top schools.
How long does Avanse Chennai take to disburse education loans?
The T. Nagar branch usually transfers funds within 72 hours once admission is confirmed at an accredited institution.
Does Avanse fund studies in New Zealand?
Yes. Avanse New Zealand loans cover tuition, living, travel, insurance, and other education-related costs. You can secure up to ₹1.25 crore digitally (up to ₹50 L collateral-free), with flexible moratorium and repayment schedules from Avanse.
Does Avanse fund studies in New Zealand?
The T. Nagar branch usually transfers funds within 72 hours once admission is confirmed at an accredited institution.
Is financing available for Australian universities?
Absolutely. Avanse Australia supports tertiary courses. It funds tuition, living, visa, and travel costs. Apply online in four steps, receive provisional approval within three working days, subject to credit checks.
Can I use Avanse for programmes within India?
Yes. Avanse India education loans fund professional and higher-education courses at Indian institutes. It offers up to 100 % programme cost coverage, flexible tenures, quick digital sanction, and income-linked repayment after graduation.
