Avanse Education Loan Summary Table
| Avanse Education Loan Limit | For India – No Upper Limit
For Abroad – No Upper Limit |
| Avanse Education Loan Interest Rate | 11.5 % per annum |
| Avanse Education Loan Margin | No Margin money is asked by the bank |
| Avanse Education Loan Processing Fee | 1-2% |
| Avanse Education Loan Security |
Up to 7.50 Lakhs: Only Parent/ Guardian as co-borrower. No Collateral Security or third party guarantee. Above INR 7.50 Lakhs: Tangible security along with parents as co-borrower |
| Avanse Education Loan Repayment | It starts After 1 year of course completion or 6 months after getting a job. |
Avanse Education Loan Features
- 100% Finance available.
- Flexible repayment options.
- No limit on the loan amount.
- Loan sanctioned before admissions
- Covers all Pre-admission expenses such as Consultant Fees, Admission fees, Course Fees & Living Expenses.
- Repayment starts after 6 months of obtaining a job or 1 year of course completion
Avanse Education Loan Eligibility
| Parameters | Eligibility Criteria |
| Applicant’s Age |
Non-employed personnel: Up to 35 years Working employees / Executives: Up to 45 years |
| Who Can Apply? |
An Indian National: With secured admission to professional/technical courses in recognized institutions. Permanent employees: Who are employed for not less than three years with any organization and have secured admissions in a reputed institute or intend to acquire higher professional qualifications. |
| Maximum Loan Amount |
For studies in India: No Upper Limit For studies Abroad: No Upper Limit For studies at IIT’s, IIM’s and ISB’s:No Upper Limit |
| Frequency Of Repayment |
Quarterly or monthly. It starts 1 year after completing the course of six months after getting a job, whichever is first. Loan interest re‐payment will start immediately after disbursement of the first instalment of the loan. |
| Repayment Period |
Tenure: Education Loan consists of Duration of Study, Grace Period after the Study, and Repayment Period. For Indian courses: Repayment tenure is a maximum of 12 years after the commencement of repayment. For Abroad courses: Repayment tenure is a maximum of 12 years after the commencement of repayment. |
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 documents for Identity proof:
|
| Residence Proof | One of the following documents for Residence proof (It should not be more than 3 months old):
|
| Income Proof in case of salaried co-borrower |
|
| Income proof for self-employed co-applicant |
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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
You can check the EMI Calculator for Avanse education loans by clicking on EMI Calculator.
Avanse: Takeover of Education Loan
An Education Loan is Transferable, and it is basically a process of transferring high-interest debt from one to a 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.
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
FAQs For HDFC Bank Education Loan
✅ How long does it take for an education loan to be sanctioned?
It takes 15 days for an education loan to be sanctioned.
✅Will the education loan interest be the same throughout the entire course?
The education loans are offered at floating rate of interest, so the rate of interest may increase or decrease depending upon the external economic conditions and internal company policies.
✅Does an education loan cover all the expenses even if I decide to study in India?
Yes, an education loan covers tuition fees, living expenses, travelling and other additional expenses even in India.
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 Avanse Education Loan Schemes with detailed features, documents, max loan, courses
- 6 EMI Calculator
- 7 Avanse: Takeover of Education Loan
- 8 How To Apply For Avanse Education Loan
- 9 List of Approved Institutes
- 10 FAQs For HDFC Bank Education Loan
