Avanse Financial Services is an NBFC that covers 2,000+ universities and 27,000 pre-approved courses across 50+ countries, with loans going up to INR 1.25 crore and zero margin money required. Rates start from 10.0% p.a. and what makes them stand out is the range of loan types: pre-visa, pre-admission, bridge, fast-track, and score-based benefit loans, depending on where you are in the admissions process. Processing typically takes just 7–10 days.

Avanse Financial Services is a Non-banking Financial Company (NBFC). They offer education loans to students who want to pursue their higher studies in India or abroad. The company offers customized loan solutions for a wide range of courses and universities and aims to make the loan application process as smooth and hassle-free as possible.

Avanse education loan for studies abroad covers 2,000+ universities and colleges, and 27,000 pre-approved courses across 50+ countries. Avanse provides pre-visa disbursement loans, pre-admission loans, bridge loans, fast-track loans, and score-based benefits, ensuring that the applicant faces no financial issues while studying abroad.

Overview of the Avanse Education Loan

The numbers on Avanse are worth knowing upfront. You can borrow up to INR 1.25 crore without any collateral and there's zero margin money, which is rare for an NBFC. Interest rates run from 10.0% to 14.5% depending on your profile, the processing fee is 1% of the loan amount plus GST, and repayment tenure goes up to 15 years. Your moratorium covers your full course duration plus one year before any EMIs begin.

**Moratorium period is the time duration during which you are not required to make payments toward your education loan.
 

*Margin money refers to the amount of money that a borrower is required to contribute towards the loan, while the remaining amount is paid by the lender.

Avanse offers both secured and unsecured loans for study-abroad students. One of the unique features of Avanse is its customer-centric approach. Please note that the unsecured loan option is not available for Bachelor's courses.

Avanse Student Loan Eligibility Criteria 

Avanse is fairly flexible on eligibility compared to public sector banks — the minimum age is 18, and what they really focus on is your academic record and entrance scores like GRE, IELTS, or TOEFL. Your co-applicant can be a parent, sibling, spouse, or even a relative on either side of the family. Coverage includes most major study destinations: USA, UK, Canada, Australia, New Zealand, France, Germany, and Ireland among others.

To secure an Avanse non collateral loan, the applicants must fulfill the following Avanse education loan eligibility criteria -

• 
  Age: The applicant must be at least 18 years of age or older at the time of application. The student should have secured admission to a recognized university.
   

• 
  Academic performance: The applicant should have a good academic record and must meet the minimum academic criteria set by the lending institution. Also, the student must appear for the required tests such as GRE, IELTS, or TOEFL. Please note for the US, the GRE plays a vital role in securing an education loan.

• 
  Co-applicant: The loan applicant must have a co-applicant, who could be the applicant’s mother, father, sister, brother, spouse, paternal or maternal relative, or a legal guardian, with a regular source of income and good credit history.

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  Course and country of study: Under this scheme regular graduate degree/post-graduate degree/diploma/certificate/doctorate courses in any discipline offered by foreign Institutes/Universities in the USA, UK, Canada, Australia, New Zealand, France, Germany, Ireland to name a few will be covered under the scheme.

Avanse Education Loan Interest Rate

Avanse's rate range is 10.0% to 14.5% p.a. — and where exactly you land depends on your course, university ranking, credit score, loan amount, country of study, and whether you're pledging collateral. Secured loans generally attract rates of 10.5%–11.5% p.a., while unsecured rates vary by country, typically ranging from 10.0% to 14.0%. The rate is tied to Avanse's variable Base Rate, currently at 14.55%, so it may shift during the loan term.

Avanse education loan interest rates range from 10.0% to 14.5% p.a. at the moment, depending on your course profile, credit score, loan amount, country of study, and availability of collateral.
 

The Avanse interest rate is based on the variable Avanse Base Rate, which is currently at 14.55%. Depending on the state of the market, this rate may fluctuate during the loan term.

Avanse Education Loan Repayment Terms

Avanse gives you real flexibility on how you handle repayments during your study period. The moratorium covers your full course plus 12 months nothing is due during that window. But if you want to start early, you can pay full principal and interest from disbursement, pay only the interest component while studying, or settle interest on just a portion of the loan. Post-moratorium, the maximum repayment tenure is 15 years.

Avanse offers a moratorium covering your study period plus 12 months. No repayments are required during this time.

While you're studying, you have three options:

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  You can begin making full monthly principal and interest payments right away.
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  You can pay only the interest amount while studying. After the moratorium, you will begin making full principal and interest payments.
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  During your studies, you can settle the interest on a portion of your education loan only.

Avanse provides education loans with a maximum 15-year loan term.

Avanse Education Loan for the US

For the US, Avanse's unsecured loans go up to INR 1.25 crore with rates between 10.0% and 11.8%. If you have collateral, the secured loan limit is INR 1 crore at 10.5%–11.0%. During your study period, Avanse offers Partial Simple Interest as the repayment mode, and a co-applicant is required for both secured and unsecured loans.

Avanse Education Loan for Other Countries

Outside the US, Avanse's unsecured loan amounts and rates vary by country. UK, Australia, and New Zealand allow up to INR 40 lakh unsecured; Canada goes up to INR 35–40 lakh; Germany up to INR 40–45 lakh; France up to INR 50 lakh; and Ireland up to INR 40 lakh. Secured rates are consistently 10.5%–11.5% across all these destinations, while unsecured rates range from around 11.0% to 14.0% depending on the country and profile.

Note:

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  Avanse Financial Services charge a mandatory credit life insurance premium of approximately 1.25%–1.5% of the loan amount.
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  An optional overseas health insurance premium of approximately INR 40,000 is also charged by Avanse.

Documents Required for Avanse Education Loan

GyanDhan provides a customised document checklist based on your specific profile and your co-applicant's background, so you don't have to guess what's needed. Broadly, you'll need KYC documents, academic records from 10th onwards, proof of admission, and a cost statement. Your co-applicant needs income proof - salary slips and Form 16 if salaried, or ITR and bank statements if self-employed plus 6 months of bank statements.

GyanDhan provides a customized documents list for education loans, depending on your profile and your co-applicant profile.

Applicants' documents

1. 
   Identity proof: PAN/ Passport/ Driver’s License/ Voter ID card or government-issued identification document.
2. 
   Education loan application form.
3. 
   Address proof: recent copy of telephone bill/ electricity bill/water bill/ piped gas bill/ driving license/ Aadhaar card.
4. 
   Passport 
5. 
   Past academic record.

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  10th standard mark sheet
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  12th standard mark sheet
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  Undergraduate result (semester-wise)
   

1. 
   Entrance exam results (e.g. GMAT, GRE, TOEFL, etc.)
2. 
   Proof of admission: admission letter (A conditional admission letter is also applicable).
3. 
   Statement of expenses.
4. 
   2 passport-size photographs.
5. 
   Loan A/C statement of one year (if applicable)
6. 
   Bank account statement of the student (if applicable)

Co-applicants documents

1. 
   Identity proof: PAN/ Passport/ Driver’s license/ Voter ID card or government-issued identification document.
2. 
   Address: recent copy of telephone bill/ electricity bill/water bill/ piped gas bill or copy of driving license/ Aadhaar card.
3. 
   2 passport-size photographs.
4. 
   If any previous loan is from other banks/ lenders, then the loan A/C statement of 1 year.
5. 
   Legal documents of the collateral/property documents.
6. 
   Bank account statement of the co-borrower/guarantor, for the last 6 months (in case of takeover of education loan).

Income proof for salaried co-applicant/guarantor

1. 
   Salary slips for the last 3 months.
2. 
   Copy of form 16 of the last 2 years or copy.
3. 
   Bank account statement for the last 6 months (salary account).
4. 
   A brief statement of assets & liabilities of parent/guardian/other co-borrower.

Income proof for self-employed co-applicant/ guarantor

1. 
   Business address proof.
2. 
   Last 2 years IT returns ( If IT Payee).
3. 
   TDS certificate (Form 16A, if applicable).
4. 
   Certificate of qualification (for C.A./ doctor and other professionals).
5. 
   A brief statement of assets & liabilities of parent/ guardian/ other co-borrower.
6. 
   Bank account statement for the last 6 months.

How to Contact Avanse for an Education Loan?

You can reach Avanse three ways: email their support team at wecare@avanse.com, apply directly through avanse.com, or walk into one of their offices in Mumbai, Bengaluru, Delhi, Ahmedabad, Chennai, Hyderabad, or Chandigarh. That said, if you want to skip the forms and branch visits entirely, applying through GyanDhan gets you a dedicated counsellor, faster processing, and zero service charges.

To contact Avanse for study abroad-related inquiries, you can use the following methods-
 

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  Email - You can get in touch with Avanse over email. Send an email to Avanse's customer support team at wecare@avanse.com. Include all relevant details about your profile, and they will provide a response tailored to your needs.
   
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  Online application form - You can complete an online application form at the Avanse website (https://www.avanse.com/). Later, Avanse will evaluate your profile and proceed with the necessary steps.
   
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  Branch visits - For a more personal approach, you have the option to visit the nearest Avanse branch in your city or locality. Avanse's head office is situated in Mumbai, and they have additional offices in various cities across India, including Bangalore, Delhi, Ahmedabad, Chennai, Hyderabad, and Chandigarh.

If you prefer a more convenient approach and want to avoid the hassle of physically visiting branches and dealing with complex application forms, you can apply for an education loan through GyanDhan, an education financing platform that specializes in assisting students in securing funds for their higher education abroad. Our dedicated counselors will carefully evaluate your profile and recommend the most suitable lenders for your specific loan requirements. Furthermore, our expert counselors will provide ongoing support throughout the loan process and will be readily available to address any concerns or challenges that may arise. So if you or someone you know is dreaming about studying abroad but the financial crunch is stopping you then check your education loan eligibility now and let GyanDhan help you get the best education deal for you.

How to Apply for an Avanse Education Loan via GyanDhan?

Applying through GyanDhan takes one step on your end - check your loan eligibility on GyanDhan's website. After that, a dedicated counsellor will walk you through the entire process, from shortlisting the right loan product to final disbursal. The whole thing is digital, which means no branch visits and no chasing Avanse on your own.

If you are looking to obtain an education loan from Avanse, you can apply online through their website. However, for a hassle-free and fast application process, you can apply for your education loan through GyanDhan.

GyanDhan is an online platform designed to assist Indian students in financing their education abroad and can help you get your education loan approved in just four uncomplicated steps.

Benefits of Getting Your Avanse Education Loan Through GyanDhan

The most tangible benefit of going through GyanDhan for your Avanse loan is speed - approvals come through in 5–7 days instead of the usual 10–12 when applying directly. Beyond that, you get zero branch visits, a dedicated counsellor handling all coordination with Avanse, and a best-rate guarantee that covers the full loan tenure if you find a cheaper offer elsewhere. Everything is completely free, no processing fees or commissions charged to you.

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  Guaranteed best product: At GyanDhan, we are committed to providing you with the best education loan in the market. Our aim is to secure the best deal possible for you. However, if you come across a better offer elsewhere, we will cover the difference in interest rates for the ENTIRE duration of your education loan.
• 
  Low turnaround time: GyanDhan officials coordinate with various departments within Avanse Finance and escalate the process and get loan approval in just 5-7 days. This is why thousands of students trust us with their loan requests every year. If a student applies directly to the NBFC, the usual loan processing time is around 10-12 
• 
  days.
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  100% free of cost services: GyanDhan’s services for applicants are absolutely free. We do not charge any kind of processing fees or commissions from the applicants at all.
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  Higher chances of approval: In case of any hurdles regarding documentation or application, GyanDhan intervenes and resolves the problem by coordinating with the officials at Avanse.
• 
  Hassle-free process: If you directly apply for an Avanse education loan you might face several challenges but with GyanDhan all you need to do is check your eligibility at GyanDhan’s website and if you are eligible then all you need to do is relax because you will be assigned a dedicated education loan counselor.

Avanse Education Loan EMI Calculator

Not sure what your monthly repayment will look like? GyanDhan's EMI calculator is the quickest way to find out, just plug in your loan amount, tenure, and Avanse's rate. What makes it especially useful is the moratorium repayment toggle: you can see exactly how choosing Partial Simple Interest, Full Simple Interest, or Full EMI during your study period changes what you owe before and after graduation.

If you are worried about the EMI burden, you can plan smartly using GyanDhan's education loan EMI Calculator. Fill in your loan details and this user-friendly tool will help you estimate your monthly repayment. The best feature to explore is filling in different repayment methods during the moratorium, this will help you choose the most suitable loan repayment option.