THE AVANSE EDUCATION LOAN FEATURES
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ELIGIBILITY |
LOAN AMOUNT & COVERAGE |
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MARGIN MONEY |
INTEREST RATES |
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DISBURSEMENT |
REPAYMENT |
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SECURITY |
PROCESSING FEES |
Bridge Loan
This loan covers all education expenses related to Exam Prep Classes, GRE/GMAT/SAT Entrance Exam fees, Cost of Applications for Admission to Universities abroad, Actual Course fees, Living Expenses abroad, costs of books, computer and other educated related expenses, etc ... Apply Now
Loan Amount
The Minimum amount given as study abroad loan is Rs. 1, 00, 000.00/-
At Avanse we do not believe in putting limits to your dream of a higher education, we look at structuring the study abroad loan to meet your necessary needs and cost of education.
Loan Coverage
- 100% Tuition Fee as determined by the Institute or University
- Living Expenses including purchase of Books, Computers and other expenses essential to complete the course (up to 75% of total living cost though not exceeding 20% of the total tuition fee)
- Caution Deposit / Building Fund / Refundable Deposit supported by Institution Bills / Receipts but not exceeding 10% of the total tuition fee.
- Travel expenses / passage money up to Rs. 75000/- for students travelling abroad.
Interest Rates
We always aim to offer you competitive interest rates on your Avanse Education loan.
The rate of interest on your loan is calculated as: Interest Rate = Avanse Base Rate + Spread
Our current Base Lending Rate is 11.5%
The Spread is determined individually and is based on analysis of the credit and course profiling.
- Rate of interest on student loan will be floating in nature.
- Interest is calculated using Simple Interest Rate with Monthly rest.
This rate is subject to the terms and conditions of Avanse Financial Services Ltd.
Repayment
- Minimum Repayment Tenure: 12 Months
- Maximum Repayment Tenure: 120 Months (Including course duration)
Grace Period is of 6 Months after the course is complete or 3 months after getting the Job.
REPAYMENT TYPES
As a responsible lender, Avanse understands the importance of your education loan and ensures that you are supported with various options to maintain a good credit so that you not just enjoy your financial independence but are responsible for maintaining it too.
Avanse offers you the flexibility of repaying your education loan while in school as well as on completion of your course,
