Avanse Education Loan
Interest Rate
10.50% to 13.5% per annum
Processing Fees
0.5% to 1% of the loan amount
Financing
100%
Our Education Loans are trusted by
10 Lakh
Students
10+
Countries
5000+
Institutes
How to Get Approved for Avanse Education Loan
Check the Eligibility Requirements
The most important thing before applying for an Avanse education loan without collateral or with collateral is to go through the eligibility criteria. Check the requirements and proceed further.
Talk to Loan Experts
After checking whether you are eligible for an education loan or not, the next step is to contact us. Get on a consultation call with a loan counsellor assigned to you who will guide you further.
Proper Document Submission
Fill out the Avanse study loan application form and attach relevant documents. Before the final submission, review the form and ensure that all the details mentioned are accurate.
Get Approved
Finally, your application and documents will be assessed thoroughly. After careful evaluation, the loan amount will be disbursed to your bank account.
Avanse Study Loan Information
Perks
Details
Loan Amount
Up to Rs. 50 lakhs
Interest Rate
10.50% to 13.5% per annum
Processing Charges
0.5% to 1% of the loan amount
Margin
Nil
Processing Time
7-10 days
Repayment Tenure
15 years
Part Payment Option
Allowed
Moratorium Tenure
Course duration+1 year
Eligibility Criteria for Avanse Study Loan
1. Students
- Nationality: Applicant should be a citizen of Indian
- Age: The applicant must be 18 years or older
- Admission: Must have a confirmed letter of admission from a recognised university before the final disbursal
2. Co-Applicants
- Nationality: The co-applicant must be a citizen of India like the main applicant.
- Relation to the Applicant: The co-applicant should be a parent, legal guardian, sibling, family member, or other blood relative with a good income source and an excellent credit history.
- Bank account: The co-applicant must have an account in any Indian bank that lets them sign cheques
- Responsibility: The co-applicant should be the primary debtor
Repayment Terms of Avanse Student Loan
- You can repay the simple or partial interest during your course duration.
- The repayment tenure ranges from 12 months to 17 years.
- The grace period begins 6 months after you complete your course or 3 months after getting employed, whichever is earlier.
- You can repay the EMI during your course duration or after the grace period.
Financial Aspects of Avanse Education Loan
- You and your parents’ income is considered when you apply for an Avanse education loan without collateral or with collateral. This is to ensure your credit ability and repayment capacity.
- After completing your course and landing a job, you can pay back the loan amount. The loan is just to aid you in getting a higher education degree that makes you self-reliant and worthy of earning.
Academic Qualifications for Avanse Student Loan
- Appear for prerequisite exams such as GRE, IELTS, or TOEFL
- Complete matriculation and 10+2
- Pursue undergraduate or post-graduate courses from a recognised international university
Our free tools will help you out
EMI Calculator
EMI Calculator
Documents Required for Avanse Education Loan
- Proof of Identity: PAN, Passport, Driver’s License, Passport, or Voter ID Card. Education loan application form.
- Education loan application form.
- Proof of Address: Copies of utility bills such as telephone, electricity, water, piped gas, driving license, ration card, or Aadhaar card.
- Past academic records such as 10th standard mark sheet, 12th standard mark sheet, and Undergraduate result (semester-wise)
- Entry exam results of GMAT, GRE, TOEFL, and so on
- Letter of Admission
- Statement of Purpose
- 2 passport size photographs
- 1 year loan account statement
- Statement of expenses (if applicable)
- Bank account statement (if applicable)
- Proof of Identity: PAN, Passport, Driving License, Aadhaar Card, or Voter ID card.
- Proof of Address: Copies of utility bills such as telephone, electricity, water, piped gas, driving license, ration card, or Aadhaar card.
- Legal collateral or property documents
- Bank account statement for the past 6 months.
- For previous loans, loan account statement of 1 year
- Salary slips for the past 3 months.
- Copy of Form 16 from the previous 2 years.
- Bank account statement for the preceding 6 months (salary account).
- A brief statement of the parent, guardian, and co-applicant's assets and liabilities.
- Proof of Business address.
- Past 2 years ITR.
- TDS certificate (Form 16A, if applicable).
- Qualification certification (for C.A., doctors, and other professionals).
- A brief statement of assets and liabilities of parents, guardians, or co-applicants
- Bank account statement for the past 6 months.
Reasons to Choose Avanse Education Loan
Better Planning of Finances
Your and your family’s income stays as it is with an Avanse educational loan without collateral or with collateral. Hence, you do not have to worry about handling medical emergencies or saving for retirement after completing your education abroad.
Good Credit Scores
A study loan lets you build your credit score and profile from scratch and the time you turn 18 years old. With a credit score and excellent profile, you can land the best deals when you take on a loan in the future.
Earn the Self-Made Badge
With an Avanse student loan, you can handle your expenses independently. You can boast of being 100% self-made!
Proof of Funds
Your education loan lets you show your university the proof of funds. You can ensure your institution that you have money to pay for the course you want to pursue. Also, you can pay for your living and transportation expenses without emptying your pockets or bank account!
Easy Repayment
With an Avanse study loan, you get ample time to get a job before you actually begin repaying your loan!
Why Select Avanse For Education Loan
Avanse Education Loan Application Process Via Qck Loans
Step1
- Apply Online
Visit the official website of Qck Loans, locate the application form, and attach the required documents.
Step 2
- Review Your Application
Step 3
- Evaluation of Your Application
Step 4
- Get the Loan Amount
Akash HD
TU Munich, Germany
Kishan
UNSW, Australia
“Heartfelt thanks to Qck Loans for facilitating a Rs 55,00,000 non-collateral loan for my studies at UNSW, Australia. Their guidance in covering tuition and living expenses was invaluable. Qck Loans made my dream of studying abroad achievable and stress-free with their expert Education Loans to Study Abroad. Their dedication has been a cornerstone in my educational journey.”
Ananya
EPITA, France
“I am deeply grateful to Qck Loans for their invaluable support in securing a 20,00,000 loan for my studies at EPITA, France. Their guidance and efficient processing made what seemed a daunting task, both manageable and straightforward. Their team’s dedication and understanding of my educational goals were instrumental in making my dream a reality. Thanks to Qck Loans and their expertise in providing quick Education Loans to Study Abroad, I am now poised to embark on a transformative educational journey.”
Varuna
University of Twente, Netherlands
Sahana
Arizona State University, USA
I am very grateful to Qck Loans for having approved and assisting me in getting my 60,00,000 collateral education loan to study abroad at Arizona State University, USA. With exceptional services and seamless processing helped me to allocate the amount easily amongst my expenses. It is many girls’ wish to live the American dream, and it was possible by partnering with Qck Loans made it possible for me to get a quick loan for my studies abroad.
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