Avanse Finance Education Loan
Avanse Finance Education Loan
For Studying Abroad
Free Education Loan Assistance From Collegepond!
Interest Rate
Starting from 10.5%
Loan Amount
Upto 4 Crore
Processing Fees
Upto 0.5% + GST
Education Loan Process at Collegepond
Simple 4 Step Process to Obtain an Education Loan via Collegepond!
Verify Your Education
Loan Eligibility
Use our free tool to check your eligibility and access conditional loan options instantly.
Connect with our
Education Loan Advisors
Consult our dedicated loan advisors for personalized guidance and process insights.
Share Documents and
Complete the Application
Submit your documents and fill out the required forms for bank verification and review.
Secure the Best
Education Loan Offer
Our experts negotiate for you to secure the lowest interest rates and maximum loan amount.
Education Loan Approval
and Fund Disbursement
Receive the sanction letter and enjoy hassle-free disbursement of funds from the lender.
Connect with Our Education Loan Advisors
Consult our dedicated loan advisors for personalized guidance and process insights.
Share Documents and Complete the Application
Submit your documents and fill out the required forms for bank verification and review.
Secure the Best
Education Loan Offer
Our experts negotiate for you to secure the lowest interest rates and maximum loan amount.
Education Loan Approval and Fund Disbursement
Receive the sanction letter and enjoy hassle-free disbursement of funds from the lender.
Why Choose Avanse Financial Services for Education Loan?
All You Need to Know about Avanse Financial Services
Table of Contents
About Avanse Financial Services
Avanse Financial Services is a new-age, education-focused Non-Banking Financial Company (NBFC) that specializes in offering education loans tailored for international and domestic studies. With a mission to make quality education accessible, Avanse provides customized loan solutions covering the entire cost of education, including tuition fees, living expenses, travel, and more. Its flexible repayment options, fast processing, and student-centric approach make it a preferred choice for students aspiring to pursue higher education abroad.
Key USPs
- Loans up to 100% of the total education cost, including tuition fees, living expenses, and travel.
- Covers over 2000+ institutes across 50+ countries worldwide.
- Customized loan structures with flexible repayment options.
- Quick sanction process with minimal documentation.
- Pre-visa disbursement is available when required by universities or embassies.
- No upper limit on loan amount (subject to profile and course).
- Funding available for a wide range of courses and universities.
- Competitive interest rates tailored to applicant profile.
Required Documents
For Applicant:
- KYC documents (PAN, Aadhaar, Passport)
- Academic records (mark sheets, degree certificates)
- Offer/Admission letter from the university
- Entrance exam scores (GRE/GMAT/IELTS/TOEFL, if applicable)
For Co-applicant:
- KYC documents
- Income proof (ITR, salary slips, Form 16)
- Bank statements (last 6 months)
For Collateral (if applicable):
- Property title deed
- Encumbrance certificate
- Property tax receipts
Application Process via Collegepond
While specific details about applying through Collegepond are not provided in the available sources, the general application process with Avanse Finance involves:
- Connect with Our Education Loan Advisors: Consult our dedicated loan advisors for personalized guidance and process insights.
- Share Documents and Complete the Application: Submit your documents and fill out the required forms for bank verification
Secure the Best Education Loan Offer: Our experts negotiate for you to secure the lowest interest rates and maximum loan amount.
- Education Loan Approval and Fund Disbursement: Receive the sanction letter and enjoy hassle-free disbursement of funds from the lender.
Eligibility Criteria
- Should have secured admission to a recognized international university or college.
- A co-applicant with a stable income source is mandatory.
- Academic performance and standardized test scores will be evaluated.
- The course and institution should be eligible as per Avanse’s approved list.
Loan Disbursement Process
Once the loan is sanctioned, Avanse ensures timely and efficient disbursement of funds directly to the educational institution, based on the fee schedule provided. The disbursement process includes:
- Direct Transfer: Funds are transferred directly to the university or college for tuition and other fees, as per the institution’s fee structure.
- INR or Foreign Currency: Disbursement can be made in either Indian Rupees (INR) or the required foreign currency, depending on the location of the institution.
- Living Expenses & Other Costs: The loan can also cover living expenses, travel costs, and insurance, if applicable.
- Multiple Installments: The loan may be disbursed in phases, based on the academic institution’s fee schedule, ensuring funds are available as needed.
- Timely Payments: Avanse ensures prompt disbursement to avoid delays, so students can focus on their studies without financial concerns.
- Customizable Disbursement: The disbursement process can be customized to match the student’s needs, covering tuition fees first, followed by living and other expenses.
Avanse’s disbursement process ensures all educational expenses are covered efficiently, allowing students to focus on their studies.
Expenses covered under Avanse education loan
Academic expenses extend beyond tuition fees and consist of various costs such as plane tickets, accommodation, study materials, laptops, and miscellaneous items. Avanse aims to fix the students’ focus on education by covering a comprehensive range of expenses through their student loans.
Sr.No | Overseas education costs covered by Avanse: |
1. | 100% of tuition fee. |
2. | 100% of living costs |
3. | 100% of security deposit- shouldn’t be more than 10% of tuition fee and must have valid receipts. |
4. | Travel expenses – Covered |
Loan Processing Charges
Avanse generally charges a processing fee of up to 1-2% of the sanctioned loan amount. But if you are applying through collegepond the interest rate starts from 0.5-1% or a discount ranging from 50,000 – 1,00,000 INR . This fee may vary depending on the loan terms and applicant profile. Any applicable charges will be communicated at the time of sanction.
Why Choose Collegepond for Your Education Loan?
Personalized Loan Advisory: Our experts assist you in selecting the most suitable lender and navigating the loan sanctioning process efficiently.
✅ End-to-End Assistance: From application to disbursement and even repayment, we ensure a smooth, hassle-free journey—even after you receive the Avanse education loan sanction letter.
✅ Fast-Track Processing:
- Unsecured Loans: Sanctioned within 3 days.
- Secured Loans: Typically processed within 10-14 days.
✅ Exclusive Interest Rate Discounts: We help you negotiate competitive interest rates, often securing an additional discount of 0.5-2%.
✅ 100% Digital Process: No need for multiple bank visits! Our digitized loan application process ensures quick approvals from the comfort of your home.
With Collegepond’s expertise, you don’t just get a loan—you get the best financial solution to fund your global education dreams.
Choose from the Best Loan Partners
Testimonials
I’m extremely grateful to Collegepond for securing the right education loan for my study abroad journey. The entire process was seamless, with no documentation hassles. Their dedicated support and expert guidance ensured everything went smoothly. I highly recommend Collegepond for stress-free financial assistance. Thank you once again!
Collegepond provided exceptional support in my study abroad journey, making my MS application process seamless. Their professionalism and prompt responses addressed all my concerns. Special thanks to Sai Teja from the finance team for his invaluable guidance in securing my education loan. I highly recommend Collegepond for reliable education loan and higher education assistance!
I highly recommend Collegepond to anyone pursuing study abroad opportunities. Their expertise and dedication were evident throughout my journey. Kavita’s assistance made my education loan process seamless, while Harshali’s mock interviews boosted my confidence. Their personalized guidance eased the process, making my dream a reality. Truly grateful for their exceptional support!
I had an amazing experience with Collegepond in Mumbai during my study abroad journey, especially with Ms. Zainab Qureshi. Her dedication and professionalism made my loan process seamless. She provided constant support, detailed guidance, and proactive follow-ups. I highly recommend Collegepond and Ms. Zainab for reliable and efficient loan consultancy services!
I had a wonderful experience with Collegepond during my study abroad journey, especially with Mukesh, who provided exceptional education loan support. He explained everything clearly and resolved issues promptly. His dedication ensured a smooth process. I highly recommend Mukesh and Collegepond for reliable and professional financial guidance!
Thanks to Collegepond, my son can now pursue his study abroad dream—his Master's in IT and Analytics at Rutgers Newark. After months of PSU bank delays, Collegepond secured his education loan within a month. Their seamless process, expert guidance, and quick approvals made all the difference. Truly grateful for their exceptional support! Testimonial by Aditya’s Father
I highly recommend Collegepond for study abroad and education loan support. Their expertise made my journey seamless. Kavita ensured a hassle-free loan process, while Harshali’s mock interviews boosted my confidence. Their personalized guidance eased every step, making my dream a reality. Truly grateful for collegepond education loan teams exceptional support!
Collegepond Loan Services are ideal for study abroad aspirants seeking an education loan. Their network offers great rates and seamless processing. The team’s guidance made my loan journey smooth, and their quick FOREX services impressed me. Highly recommend Collegepond for hassle-free financial support. Truly grateful for their support!
FAQ's
What is Avanse Education Loan?
Avanse Education Loan is a financial product offered by Avanse Financial Services, designed to help students fund their higher education expenses. The loan covers tuition fees, living expenses, travel costs, and more for studies abroad.
What is the maximum loan amount available through Avanse Education Loan?
Avanse offers education loans up to ₹4 Crore for students pursuing higher education abroad, depending on the course, country, and the applicant’s financial profile.
What expenses are covered under Avanse Education Loan?
Avanse Education Loan covers tuition fees, living expenses, travel expenses, examination fees, library fees, purchase of study materials, laptops, and insurance costs (if applicable).
What are the eligibility criteria for an Avanse Education Loan?
To qualify for an Avanse Education Loan one should have secured admission to a recognized foreign institution, and meet the bank’s creditworthiness and other requirements. Co-applicant criteria may also apply.
How can I apply for an Avanse Education Loan?
Students can apply for an Avanse Education Loan through the Collegepond platform, where they can get expert assistance for loan application submission, document verification, and processing.
What is the interest rate for an Avanse Education Loan?
Avanse offers competitive interest rates starting from 10.5%. The interest rate varies based on the applicant’s credit profile, loan amount, and other factors.
What documents are required to apply for an Avanse Education Loan?
The documents required for an Avanse Education Loan include proof of identity, proof of residence, academic documents, admission letter from the institution, a statement of expenses, co-applicant’s income proof, and collateral documents (if applicable).
Can I get a collateral-free education loan from Avanse?
Yes, Avanse offers collateral-free education loans for loan amounts up to ₹1.25 Crore. For amounts above ₹1.25 crore, collateral may be required, depending on the applicant’s financial profile.
What is the loan disbursement process for Avanse Education Loan?
Once the loan is approved, Avanse disburses the loan amount directly to the educational institution as per the fee schedule. The disbursement can be done in installments based on the institution’s fee structure.
Are there any tax benefits for Avanse Education Loan borrowers under Section 80E?
NO 80E Tax Benefits from Avanse.
