Avanse Education Loan Summary Table
| Avanse Education Loan Limit | For India – INR 10 Lacs
For Abroad – 20 Lacs |
| Avanse Education Loan Interest Rate | 9.65% per annum |
| Avanse Education Loan Margin | For loan above INR 4 Lacs
In India: 5% In abroad: 15% |
| Avanse Education Loan Processing Fee | Up to INR 4 Lacs: Nil
Above INR 4 Lacs: INR 5000 |
| Avanse Education Loan Security | Up to 7.50 Lacs: Only Parent/ Guardian as co-borrower. No Collateral Security or third party guarantee.Above INR 7.50 Lacs: Tangible security along with parents as co-borrower |
| Avanse Education Loan Repayment | Starts After 1 year of course completion or 6 months after getting a job |
Avanse Education Loan Features
Avanse aims to provide financial support to the students across the country who have aspirations to get to the top universities of India as well as abroad. The cost in some universities is pretty high, and that’s where the loan helps you out.
By taking an education loan, things could get more comfortable for you.
If you possess the capability and potential, this loan can make your dreams come true The loan includes expenses for their education such as tuition fees, etc.
The loan can be availed to study in India or for even overseas, Avanse is always there to help Indian students.
Any student can apply for the Avanse education loan by following the specific criteria and documentation.
Avanse Education Loan Eligibility
| Parameters | Eligibility Criteria |
| Applicant’s Age |
|
| Who Can Apply? |
|
| Maximum Loan Amount |
|
| Frequency Of Repayment |
|
| Repayment Period |
|
Avanse Education Loan Interest Rate
| Loan Amount | Rate of Interest |
| Above ₹ 1 Lakh | 12.65% + Spread |
Avanse Education Loan Schemes with detailed features, documents, max loan, courses
Avanse Education Loan Schemes
- Study in India Loans
- Study in Abroad Loans
- Executive Education Loan
Avanse Education Loan Documents Required
Under Know Your Customer Policy (KYC), the bank requires certain documents.
These documents are required from both the student and co-borrower:
| Identity Proof | One of any mentioned document for Identity proof:
|
| Residence Proof | One of the following documents for Residence proof (It should not more than 3 months old):
|
| Income Proof in case of salaried co-borrower |
|
| Income proof for self-employed co-applicant |
|
Additional documents: Aside from KYC documents:
| Student Applicant | Mandatory Passport submission |
| Academic Records: X, XII grade results. Graduation results semester wise. Entrance Exam results that formed the basis of admission | |
| Proof of admission: A conditional application letter may be considered | |
| Cost of education, schedule of expenses. | |
| 2-passport size photographs | |
| If the loan was taken out before then loan account statement for the last 1 year. | |
| Co-applicant | 2-passport size photographs |
| If the loan was taken out before then loan account statement for the last 1 year. |
Avanse Education Loan Offered Courses
The Education Loan covers courses that are only regular full-time Degree or Diploma courses that the student secured through selection or merit. Avanse Education Loan also considers Full-time Executive Management Courses like PGPX.
EMI Calculator
Avanse Education Loan EMI Calculator
EMI Calculation Table
Avanse: Takeover of Education Loan
An Education Loan is Transferable, it is basically a process of transferring high-interest debt from one to another lender and with a lower interest rate and better repayment policies.
How To Apply For Avanse Education Loan
- Visit Dialabank for an education loan.
- Go to the Avanse Education Loan page.
- Check out all the eligibility and documents criteria for an education loan.
- Fill out all the details required in the Education Loan application form.
- Once done, our representative will soon contact you for a further stress-free process.
FAQs For Avanse Education Loan
News For Avanse Education Loan
List of Approved Institutes
- Architecture college
- Law college
- Medical college
- Pharmacy college
- Engineering college
- Bio-technology
- college
- Management college
- Science, Commerce, and Arts college
- Physical education college
- B.ED college
Table of Contents
- 1 Avanse Education Loan Summary Table
- 2 Avanse Education Loan Features
- 3 Avanse Education Loan Eligibility
- 4 Avanse Education Loan Interest Rate
- 5
- 6 Avanse Education Loan Schemes with detailed features, documents, max loan, courses
- 7 EMI Calculator
- 8 EMI Calculation Table
- 9 Avanse: Takeover of Education Loan
- 10 How To Apply For Avanse Education Loan
- 11 FAQs For Avanse Education Loan
- 12 News For Avanse Education Loan
- 13 List of Approved Institutes