Eligibility:-

Students

• Must be Indian citizens who are 18 years or older.
• Should have a confirmed admission before the final disbursal of the loan.
• Require a co-borrower who earns in India.

Co Applicant

• Must be Indian citizens and should be a parent, legal guardian, sibling, or other blood relative of the student.
• Must have a bank account in India that allows them to sign cheques.
• Will be the primary debtor on the loan.

“Students can apply for a foreign education loan for graduate or postgraduate courses or other job-oriented professional or technical courses. The courses and the institute offering them must be approved by Avanse.”

Benefits:-

• Covers expenses apart from tuition costs, such as living expenses, books, equipment, and other educational expenses.
• Offers competitive interest rates to ensure affordable repayment.
• Provides financing for non-traditional courses, including professional and technical programs.
• Flexible repayment options to suit the borrower's financial capabilities.
• Offers tax benefits on the interest paid under applicable regulations.

How To Apply:-

• Apply online and upload the required documents.
• The application will go through processing and approval.
• Upon approval, the loan will be sanctioned and disbursed to the borrower.

Documents:-

• KYC of applicant and co-applicants (such as identity proof, address proof, etc).
• Academic Records
• Proof of admission
• Entrance Exam Result(if applicable)
• Statement of cost of study/ Schedule of expenses
• Income Proof for Salaried Co-applicant/ Guarantor (if applicable)
• Bank account statement for last 6 months etc
• Property Documents (if applicable)