Education Loan

How to Check Avanse Education Loan Status?

How to Check Avanse Education Loan Status?

On this Page:

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:  20 Feb 2024  | Reviewed By: 
Aman 
| 682 | 4  min read

Avanse Financial Services, a prominent name in education financing, offers tailored loan solutions to students pursuing higher education both in India and abroad. Before we explore the process of tracking the loan status, it's crucial to understand the nuances of Avanse education loans. These loans are designed to cover various educational expenses, including tuition fees, living expenses, books, and more, ensuring students can focus on their studies without financial stress.

Sprinkles

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

15 years

 

Check Your Education Loan Eligibility

Sprinkles

How to Check Avanse Loan Status?

To facilitate ease of access and transparency, Avanse Financial Services offers multiple channels through which students can check their education loan status. Here's a step-by-step guide on how to navigate these options:

  • list items Online portal access
  • list items Visit the official Avanse Financial Services website and navigate to the 'Customer Login' section.
  • list items Enter your credentials, including your loan account number or registered email ID.
  • list items Once logged in, you can view detailed information about your loan status, including disbursement details, outstanding balance, and repayment schedule.
  • list items Mobile app
  • list items Download the Avanse mobile app, available on both Android and iOS platforms.
  • list items Log in using your loan account details.
  • list items The app dashboard provides a comprehensive view of your loan status, enabling you to track disbursements, payments, and more.
  • list items Customer service
  • list items Contact Avanse customer service via their toll-free number or email for personalized assistance.
  • list items Provide your loan account number and verification details as requested.
  • list items The customer service representative will update you on your current loan status and answer any queries.
  • list items Branch visit
  • list items If you prefer in-person communication, visit your nearest Avanse Financial Services branch.
  • list items Ensure you carry relevant identification and your loan account details.
  • list items The branch staff can provide detailed insights into your loan status and assist with any service requests.

Tracking your Avanse education loan status is a straightforward process, thanks to the multiple channels and resources provided by Avanse Financial Services. Staying informed about your loan status not only helps in managing your finances effectively but also ensures that you can focus on your educational aspirations without undue financial worry. Remember, timely and proactive management of your education loan is key to a stress-free academic journey.

 

Looking for an abroad education loan?
By entering my phone number, I give consent to override NCPR and recieve WhatsApp messages.
Sprinkles

Tips for Efficient Loan Status Tracking

  • list items Regular monitoring: Make it a habit to regularly check your loan status, especially after significant milestones in your education or loan repayment schedule.
  • list items Update personal information: Ensure your contact details are up-to-date with Avanse to receive timely notifications and updates regarding your loan.
  • 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.

Calculate your Education Loan EMI

Sprinkles

How to Apply for an Education Loan at Avanse?

Applying for an education loan with Avanse Financial Services involves a straightforward process, designed to make higher education accessible and affordable. Here's a step-by-step guide on how to apply for an education loan at Avanse:

Step 1 - Check loan eligibility 

Review the eligibility criteria listed on the website. Generally, these criteria include the applicant's age, nationality, admission status to a recognized institution, and the course of study.

Step 2 - Prepare documentation

Collect all necessary documents for the loan application. This typically includes academic records, admission letters, KYC (Know Your Customer) documents, financial statements, and any collateral documentation if applicable.

Step 3 - Apply for the loan

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

Step 4: Loan evaluation and approval

Once your application is submitted, Avanse will evaluate your financial needs, academic background, and the repayment capacity of your co-applicant or guarantor. If your application meets all criteria, the loan is approved. Avanse then disburses the funds directly to the educational institution as per the fee schedule.

In your quest for academic excellence, let Avanse Financial Services be your financial ally. By leveraging GyanDhan, you can seamlessly navigate through the process of checking your Avanse loan status, ensuring you're always a step ahead in managing your education financing. 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.

Check Your Education Loan Eligibility

Read Also

Sprinkles

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


Sprinkles

Have More Questions on This Topic?

Ask from a community of 10K+ peers, alumni and experts