You’ve put in the effort to chase your dreams. Now, let us help you make them a reality with an education loan in India! With Avanse student loans, you can focus on your studies while we take care of the finances. Whether it’s school tuition, college fees, or skill-enhancing courses, our loans for students have you covered.
We’ve made the education loan application process super easy—just a few clicks and you’re on your way to apply for education loan! One of our loan consultants will personally guide you through every step. Need a face-to-face meeting? No problem! We’ll send an executive to help with all the documents needed for education loan. Because at Avanse, we’re more than just lenders—we’re your education loan India financing partner, every step of the way!
Complete the online application form with accurate personal and academic details
An Avanse representative will contact you to discuss your requirements and guide you through the education loan process.
Provide the necessary documents required for education loan, including identification, academic records, admission proof, and co-applicant details.
Upon verification, receive the loan sanction letter outlining the terms and conditions.
After signing and agreeing to the loan terms, the funds are disbursed.
Documents | Applicant | Co-Applicant | Collateral (If Applicable) |
---|---|---|---|
Valid photo ID (e.g., Aadhaar, Passport, Driver’s License) |
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Proof of residence | |||
Date of birth proof | |||
Academic records (mark sheets, certificates) |
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Proof of admission | |||
Fee structure from the institution | |||
Additional documents (if applicable) |
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Income proof (salary slips, ITR, Form16) |
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Bank statements for the last 8 months | |||
Proof of relationship with the applicant | |||
Additional documents (if applicable) |
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Property documents | |||
Insurance papers | |||
Fixed deposit receipts |
The education loan in India process starts with identifying the ideal lender. Look for education-focused lenders like Avanse and fill out the form to apply for student loan. Once you share all the documents required for education loan and meet all the eligibility criteria, your loan will get approved and the amount will be disbursed.
When you opt for an education loan in India, you benefit from 100% financing. You get funds to cover your education-related expenses. Additionally, you enjoy student-friendly interest rates, flexible repayment options, and help with your application paperwork. A student loan in India is a fantastic way of earning a self-made badge and building a healthy credit score.
It will vary depending on the lender, and multiple other elements, such as the timely submission of the required documents. As a student-centric organisation, Avanse Financial Services provides quick sanctions within 3 days, provided you meet our preset eligibility criteria for an education loan in India.
When you have to start repaying your educational loan in India, you need to contact your bank. They can help you set up an auto-debit feature so that the monthly instalments get paid to your lender.
Yes, you can get an education loan in India without collateral. Before approaching a
lender, you must decide whether you want a secured or unsecured loan for students. You
may offer your residential property, life insurance policy, or non-agricultural land as
collateral for your loan. Lenders will evaluate the collateral documents for the education
loan in India and provide a loan amount and education loan rate of interest accordingly.
If you don't have anything to offer as security, don't worry! You can opt for a non-collateral
study loan in India. When you partner with Avanse, you can get an education loan in India
without collateral. After evaluating your previous academic records and your family’s
financial history, we will offer you a security-free educational loan in India.
Although unsecured loans are available, you cannot get an education loan in India without
collateral and without a co-applicant. When you apply for education loan, you must have a
financially strong co-applicant or guarantor.
Many banks limit your loan amount when you choose to apply for an education loan in India without collateral. At Avanse, we evaluate each case and let you know the maximum loan amount you can take. We also have a handy loan for education loan EMI calculator that helps you understand the loan amount you can apply for without worrying about rejection.
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