Avanse Abroad Education Loan Parameters

sbi bank

Loan Limit

Rs. 1 Lakh to Rs. 85 Lakhs

sbi bank


11% - 14%

sbi bank


12 months \ 15 years (including the course duration)



Margin Money


Processing Fee

1 to 2% + GST

Processing Time

8 - 10 days

Prepayment Charges

  • Pre-payment charges: No prepayment allowed within 6 months from the disbursal of the loan.
  • Late payment charges for PMII/EMI: 2% per month.
  • Cheque/ECS bounce charges (per bounce): INR 500/- plus applicable GST.
  • Document handling charges (during foreclosure): INR 2,000/- onwards plus applicable GST.

Study Level & Course :-

  • Secured loan available for all levels of courses.
  • Unsecured loan available only for postgraduate courses in STEM (Science, Technology, Engineering, and Mathematics) and management fields.

Expenses Covered

  • Up to 100% of the tuition fee as determined by the university or institute.
  • Up to 75% of living expenses, including books, computers, and other equipment, provided it does not exceed 20% of the tuition fee.
  • Up to 100% of the building fund, caution deposit, or refundable deposit, up to a maximum of 10% of the tuition fee, supported by valid bills or receipts from the institution.
  • Travel expenses or passage money up to INR 75,000 for students travelling abroad.

Property Acceptable

  • Residential flat
  • House
  • Open plot
  • Shop

Collateral & Non-Collateral



  • Parents
  • Grandparents
  • Immediate family members

Offer Letter

  • Pre-Admission Loan: This loan option is available to students who have received a conditional offer letter from the educational institution. It allows students to proceed with the loan application process before final admission confirmation.


  • 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.”


  • 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.


  • 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)


Avanse provides education loans to study abroad in both cases, with or without collateral. However, Connect with our team to know more about it.

The loan processing time after approval is around 2-5 working days.

Avanse is a popular lender in the market to lend money for abroad education loans.

There is no compulsion to provide collateral for an education loan. Students can get a loan without providing collateral as well.

Contact Us