How to Check Avanse Education Loan Status?
Education Loan

How to Check Avanse Education Loan Status?

How to Check Avanse Education Loan Status?

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Learn how to effortlessly track your Avanse Education Loan status with our comprehensive guide. Stay informed about your loan application, disbursement, and repayment stages.

GyanDhan
Ananya Ghai
Updated on:  15 Jun 2024  | Reviewed By: 
Aman 
| 2.26K | 4  min read

When talking about education loans from NBFCs, Avanse Financial Services a well-known name offers customised student loans to study abroad aspirants. It's important to understand the nuances of Avanse education loans before we look at how to track the status of the loan. These loans are made to help students pay for a range of educational costs, such as books, living expenses, tuition, and other fees, so they can concentrate on their studies without worrying about money.

Check Your Education Loan Eligibility

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Features of Avanse Abroad Education Loan 

Feature Description

Loan amount

Up to INR 75 Lakh

Rate of interest

10.50% - 13.5%

Processing fees

0.5 - 1%

Processing time

7-10 days

Margin money

nil

Moratorium period

Course duration + 1-year

Repayment tenure of Avanse Education Loans

15 years

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How to Check Avanse Loan Status?

Avanse Financial Services offers several ways through which students can check the status of their education loans. Here's a detailed explanation of how to use these options:

  • list items Online portal  
    • Go to the 'Customer Login' section of the Avanse Financial Services website.
    • Enter your registered email address or loan account number.
    • You can access comprehensive details regarding your loan status, disbursement details, outstanding balance, and repayment schedule once you've logged in.  
  • list items Mobile app  
    • Download the Avanse mobile app, available on Android and iOS platforms.
    • The dashboard provides a view of your loan status, enabling you to track disbursements, payments, and more.
  • list items Customer service Contact customer service via a toll-free number or email.
    • Contact customer service via a toll-free number or email.
  • list items Branch visit  
    • If you prefer face-to-face interaction, feel free to stop by the closest Avanse Financial Services office.
    • Make sure you have your loan account details and any necessary identification with you.  

     

    Since Avanse Financial Services offers so many channels and resources, tracking the status of your education loan is a simple process. Not only does knowing your loan status help you manage your money wisely, but it also frees you up to concentrate on your academic goals without having to worry about money too much. To ensure a stress-free academic journey, always remember that prompt and proactive management of your education loan is essential.

     

    Watch the video to know further on education loans from Avanse Financial Services


     

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    Tips for Efficient Loan Status Tracking

  • list items Regular monitoring: Develop the habit of checking your loan status regularly, particularly following important educational or loan repayment milestones.
  • list items Update personal information: Make sure your contact information is current with Avanse so you can get loan updates and notifications on time.
  • list items Understand loan terms: Familiarize yourself with the terms and conditions of your loan, including the repayment schedule, interest rates, and any applicable fees or charges.
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    How to Apply for an Education Loan at Avanse?

    Avanse Financial Services offers an easy-to-follow application process for student loans, making higher education more accessible and reasonably priced. Here's a detailed tutorial on applying for an Avanse education loan:
     

    Step 1 - Check loan eligibility 
     

    Check the eligibility requirements. These requirements typically include the applicant's age, citizenship, status as a recognized institution's admitted student, and course of study.
     

    Step 2 - Prepare documentation
     

    Gather all the paperwork required for the loan application. Academic transcripts, acceptance letters, financial statements, KYC paperwork, and any relevant collateral documentation are usually included in this.

    Step 3 - Apply for the loan

    You can apply directly on the Avanse website by filling the application form and uploading the required documents.
     

    Step 4: Loan evaluation and approval
     

    Following the submission of your application, Avanse will assess your credit history, financial need, and co-applicant or guarantor's ability to repay debt. Your loan application is approved if it satisfies all requirements. After that, Avanse pays the educational institution directly in accordance with the fee schedule.

    Let Avanse Financial Services be your financial ally as you pursue academic success. You can easily verify the status of your Avanse loan by using GyanDhan, which will help you stay on top of managing the funding for your education. With GyanDhan the process becomes even more accessible, allowing students to apply for loans efficiently, compare different loan options effectively, and secure financial support with minimal hassle. GyanDhan’s partnership with Avanse and its guided approach demystifies the loan application process, making it straightforward for students to embark on their academic pursuits with confidence.

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    Frequently Asked Questions

    How long does the Avanse education loan take to process?

    Once we receive your application and all the documents, we will take just 4-6 working days to disburse an unsecured loan. For secured loans, the duration might be slightly longer.

    What is the processing fee for Avanse?

    The processing fees range between 1% to 2% of the loan amount.

    What is the maximum amount of an Avanse education loan?

    There is no maximum cap on the loan amount offered by Avanse. The company offers up to 100% coverage of the loan amount. Living expenses are also covered by Avanse during the period of study.

    What is the margin money at Avanse?

    There is zero margin money at Avanse for abroad education loans.

    Check Your Education Loan Eligibility


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