- Indicative interest rate
- 10.5% – 14.5% p.a.
- Loan amount
- Up to ₹1 Cr with adequate security
- Collateral
- Secured and unsecured routes
- Tenure
- Up to 12 years including moratorium
- Moratorium
- Course period plus 6 to 12 months
- Processing fee
- Percentage-based processing fee
- Prepayment
- Usually permitted after a lock-in
- Lender type
- NBFC
Loan products offered by Avanse Financial Services Education Loan
A breakdown of the loan structures this partner typically offers, who each one suits, the security expected and how the pricing compares. Your counsellor will confirm which product fits your course, institution and co-applicant profile.
Product 1Collateral-free education loan
Students on approved course and university lists without property to pledge.
- Typical amount
- Typically ₹10L to ₹60L based on profile
- Security expected
- Co-applicant income; no tangible security
- Pricing
- Higher than bank schemes, priced to your profile
- Digital documentation and quicker sanction
- Full cost of attendance can often be funded
- Flexible on self-employed and NRI co-applicants
Apply for This LoanProduct 2Secured loan against property or deposits
Families who can pledge security and want a lower rate than the unsecured route.
- Typical amount
- Up to ₹1 Cr subject to security value
- Security expected
- Residential or commercial property, FD or securities
- Pricing
- Meaningfully lower than the collateral-free product
- Larger sanction limits for expensive programmes
- Longer tenure than unsecured loans
- Valuation and legal checks add time
Apply for This LoanProduct 3Interest-servicing and part-payment options
Families wanting a lower total interest cost during study years.
- Typical amount
- Applies over the sanctioned amount
- Security expected
- As per the base product
- Pricing
- Same as the base product
- Simple interest or partial interest during moratorium
- Reduces the amount capitalised into your EMI
- Prepayment allowed after any lock-in period
Apply for This Loan Eligible countries
- USA
- UK
- Canada
- Australia
- Germany
- Ireland
Eligible courses
- Bachelor's
- Master's
- MBA
- PhD
- Diploma
Documentation
- KYC of applicant and co-applicant
- Admission or offer letter
- Academic marksheets and test scores
- Co-applicant income or business proof
- Cost of study breakup
- Existing loan or obligation details
Benefits
- Covers a wide list of countries and courses
- Digital documentation journey
- Flexible repayment during study
Considerations
- Higher cost of funds than bank schemes
- Insurance and fee add-ons should be reviewed
Application process
- Digital profile assessment
- Document upload and verification
- Credit and collateral evaluation
- Sanction letter with rate and tenure
- Agreement signing
- Tranche-wise disbursement
EMI calculator for Avanse Financial Services Education Loan
Pre-filled with this lender's indicative starting rate. Adjust the amount, course duration and tenure to see the monthly instalment after your moratorium.
Estimated EMI
₹42,589
Starting after a 30-month moratorium
- Total interest
- ₹26,10,663
- Total repayment
- ₹51,10,663
- Interest during moratorium
- ₹6,56,250
See My Loan OptionsThis calculator is an estimate. It assumes a fixed rate and equal monthly instalments. Actual EMIs depend on your lender's rate reset policy, interest capitalisation method, fees and disbursement schedule.
Frequently asked questions
Rates, fees and terms are subject to lender policies, scheme changes and your applicant profile. ShikshaVahini does not guarantee approval or any specific rate.
Not sure which lender fits your profile?
Share your course, country and collateral position. A ShikshaVahini counsellor will walk you through realistic options.
