Avanse Student Loan

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Upto 7-10 days Loan Processing Time

Margin

NIL

Processing Fees

1% + GST

Collateral

Upto 100% of education cost

Non-Collateral

Upto ₹75 lakhs

Repayment Tenure

Upto 15 years

Cosigner Needed

Yes

Interest Rate

Starting from 11.50%*

Countries covered

USA, UK, Australia, Canada, and many more

Features of Avanse
Education Loan Abroad

Avanse, a non-banking financial institution specialising in educational financing, plays a key role in supporting students' academic aspirations. Facilitating the hassle-free process, Avanse helps students to avail the loan as quickly as possible. Their student loan program for studying abroad consists of 6000+ courses from 1600+ universities from 44 countries.

Committed to advancing applicants' careers, Avanse offers a wide range of financial solutions, including pre-visa disbursement loans, bridging loans, score-based benefits, pre-admission loans, and fast-track loans.

Please note that the loan disbursement becomes available only once they have secured a reserved seat in the preferred educational programme.

Features	Education Loan Details
Loan amount	Upto 100% of education cost (Collateral) Upto ₹75 lakhs (Non-Collateral)
Margin money	NIL
Interest rate	Starting from 11.50%*
Processing fees	1% + GST
Processing time	7-10 days
Loan tenure	Upto 15 years
Prepayment charges	NIL
Countries covered	Avanse provides overseas education loans in numerous countries including USA, UK, Australia, Canada, Germany, Ireland, New Zealand , and many more.
Moratorium	Study period + 6 to 12 Months

Benefits of Avanse Education Loan

Covers Additional Expenses
Avanse's education loans cover many expenses apart from tuition fees like accommodation charges, travel expenseS, examination fees, library fees, laboratory fees, reading materials, and other course-related fees.
Low Interest Rates
Avanse offers education loans with lower interest rates as compared to other banks, which helps students pursue their dream courses stress-free.
Grace Period
Avanse offers an additional period of up to 6 months after graduation or 3 months after getting employed to start repaying their loans.
Loans for Non-Traditional Courses
Whether you're pursuing an engineering, medicine, or management degree, or exploring fields like photography and filmmaking, Avanse provides loans in all professional and technical courses.
Multiple repayment options
Avanse offers multiple repayment options for your study abroad loan. You can choose a long-term or a short-term repayment plan based on your preference.
Tax Benefits
You can save on taxes by deducting the interest you pay on your student loan under Section 80E of the Income Tax Act. Get in touch with our team to understand the scheme in more detail.
Trusted NBFC
The Avanse group comes under RBI regulations and is a part of the renowned investment group Warburg Pincus. This ensures that they have enormous finances and, hence, it is one of the most trusted NBFCs.

How To Apply For Avanse

Education Loan For Abroad Studies?

You can apply for an Avanse Education Loan by connecting with our team of experts. Just fill out the form on our website, and we will schedule a callback and guide you through the process.
From helping you upload documents online to presenting them to the banks, Lorien Finance will help you throughout the application process.
Once all your documents are uploaded & the KYC process is complete, you can expect your loan to get sanctioned within a few working days.

Why choose Lorien Finance to get an Education Loan from Avanse?

Best loans at unbeatable interest rates: Lorien Finance strives to bring you the best possible deals for your study abroad loans. Our experts negotiate on your behalf to get education loans at the lowest possible interest rates.
Effortless Process: All you need to do is fill out the form on Lorien Finance’s website. Yes, it’s that simple! Our team will take it up from there, making it a hassle-free process for you.
100% Free Assistance: Lorien doesn’t charge any processing fee or commission for student loans for your study abroad journey!
Quicker Loans: With constant application tracking and status updates, our experts ensure that your education loan for studying abroad gets sanctioned as early as possible.
Higher chances of approval: In case of any missing documents or other issues, Lorien’s team promptly reaches out to the bank to find solutions to increase your chances of getting a study loan for your overseas education.

Helping you fulfil your study abroad dream!

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Eligibility Criteria For Avanse Education Loan Abroad

Eligibility Criteria for Student
1. Must be a citizen of India.
2. Must be 18 years old
3. Must have official confirmation of Acceptance to a University
4. Must have cleared the qualifying exam
Eligibility Criteria for Co-applicant
1. The student's parents or siblings are the first option for the co-applicants, but it can be siblings, guardian or other family member too.
2. Must have an account in an Indian bank which facilitates check writing services.
3. Co-borrower would be the major debtor
Eligible Courses for Avanse Loan Abroad
1. UK
2. USA
3. Canada
4. Australia
5. Ireland
6. Germany

Documents Required

Identity Proof:
1. Aadhar Card
2. Birth Certificate
3. Permanent Account Number (PAN) Card
4. Valid Passport
5. Voter ID
6. Driver’s License
7. Educational Documents:
8. 10th Marksheet
9. 12th Marksheet
10. Graduation Certificate
Financial Documents:
1. Last six months' bank statements
Post Disbursal Documents:
1. College fee receipts
2. Consent of co-applicant
For Co-applicants:
1. Income proof
2. Identity proof
3. Address proof
4. Age proof
5. Relationship proof with the applicant
6. Collateral documents
7. Last 8 months' bank statements
8. Signature verification
9. 2 Coloured passport size photographs

FAQs

Bringing answers to your questions

What are the eligibility criteria for Avanse's education loans for studying abroad?
To be eligible for Avanse's education loans for studying abroad, a student must be a citizen of India and have successfully cleared the qualifying exams. As for the co-applicant, the student's parents or siblings are the first option for the co-applicants, but it can be the sibling, guardian or other family members. These criteria ensure a comprehensive understanding of the eligibility requirements, allowing prospective applicants to prepare their documentation accordingly.
What is the interest rate on education loans for studying abroad?
Avanse offers education loans with low interest rates. The exact interest rate may vary, and we recommend connecting with our experts for the most up-to-date information.
What is the process for applying for an Avanse education loan for studying abroad?
You can apply for an Avanse education loan for studying abroad by contacting Lorien Finance. Just fill out the form on our website, and our experts will schedule a callback to guide you through the application process, help you upload necessary documents online, and present the application to Avanse. Once all documents are uploaded and the KYC process is complete, the loan is expected to be sanctioned within a few working days.
Does Avanse offer special benefits or interest rate reductions for exceptional academic performance?
Avanse's education loans are known for their low interest rates, providing financial support for students aspiring to study abroad. While Avanse may not explicitly mention benefits for exceptional academic performance, Lorien Finance, your trusted education loan partner, works diligently to ensure you access the most favourable terms.By leveraging our expertise and relationships with financial institutions, Lorien assists you in securing the best interest rates available. Our commitment is to make your study abroad journey financially viable, offering personalised support to enhance your overall experience.
Is there a co-applicant or guarantor required for the loan?
Avanse’s education loans require a co-applicant, and it is typically the student's parents. In certain cases, a guardian, relative, or sibling can act as the co-applicant.
What collateral or security is required for the loan?
Collateral requirements may vary based on individual circumstances and the loan amount. Lorien Finance can facilitate this communication, ensuring you receive accurate and personalised information customised to your needs.Contact us to navigate the intricacies of collateral or security for your Avanse education loan and make your application process smoother and more transparent.

Lorien’s Success Stories

Real Dreams: Real Achievements

I'm Sambhavi, currently working at Deloitte. Lorien Finance helped me secure an education loan for my Master's in Business Analytics at the University...

Sambhavi

I want to express my utmost satisfaction and gratitude to Lorien Finance for their exceptional services....

Rachna

Thanks to Lorien Finance, I was able to secure an education loan without any hassle. Their online application process made it convenient for me to app...

Sharikha

I'm Sambhavi, currently working at Deloitte. Lorien Finance helped me secure an education loan for my Master's in Business Analytics at the University...

Sambhavi

I want to express my utmost satisfaction and gratitude to Lorien Finance for their exceptional services....

Rachna

Thanks to Lorien Finance, I was able to secure an education loan without any hassle. Their online application process made it convenient for me to app...

Sharikha

Finding suitable accommodation in a foreign country can be challenging, but Lorien Finance made it a breeze. Their partnership with reliable housing p...

Sriram

It was a good experience with Lorien Finance throughout the process they helped me in every step and made the process hassle-free and helped me to g...

Rama

It was a good experience with Lorien Finance throughout the process they helped me in every step and made the process hassle-free and helped me to g...