Avanse education loan is one of the many options students have for Overseas education loan. Avanse is owned by Warburg Pincus and world bank and hence offers competitive study abroad loans especially unsecured loans for countries such as UK, Canada, Australia etc. Students and professionals looking to avail Education loan Abroad can look at simple 4 steps to get Avanse Education loan. Here is everything that you need to learn about education loan from Avanse. 

Applying for education loan abroad

 You can either apply directly with Avanse, or get it through EduLoans, where students get speed of execution of their loan application. You can discuss various offers from Avanse, which is our finance partner for your education loan abroad. EduLoans executives will help you get a walk-through for the Avanse education loan, and can also assist you in applying for this loan. Avanse has various criteria’s depending on Student profile and Co-signer profile. They are also ready to take collateral which are not completely legally verified. 

Document Submission

 The loan application needs to besubmitted with Avanse for further processing. You can also upload all these documents with EduLoans so as to push the document submission process. The documents which are needed for Avanse education loan (for an applicant) are- 

• Proof of admission of the University
• Academic documents of the Student
• Fee structure of the University
• KYC  - Identity proof of Students and Co-Applicant
• Address proof of Student and  Co-Applicant
• Co-Applicant ITR for last 2 years
• Property details if Required
• Colour photos, Signature Verification etc – 2 numbers

Getting the offer letter of loan

 After getting the documents and application verified, you get in-principle approval, along with your offer letter of loan. This letter includes qualified loan amount,  Processing fees, case-based documents for sanction, which may be further required, along with other loan details. 

Loan Agreement

 Details verificationneed to be submitted after an applicant has received Loan Offer Letter. These are the details that must be submitted- 

• Processing Fees
• Admission confirmation
• Admission details regarding institute or university
• Course duration
• Course commencement
• Fee schedule

 After having fulfilled all these conditions for education loan abroad by Avanse, you will receive Loan Agreement. This agreement contains all conditions which are required for loan. Once the loan agreement is received the Student and Co signor sign the guarantee papers and all the required legal papers for the education loan abroad to disburse either to the student or to the University directly. Avanse education loandisbursement process is relatively simpler, faster and with lesser terms and conditions. 

Applying Avanse Education Loan through EduLoans

 EduLoans can help you with faster disbursal of your education loan abroad. Here is the process of applying for this loan through EduLoans. 

• At EduLoans website, you must register in the portal.
• Here, you shall be asked a few questions which will help experts in understanding what you are looking for. These questions include your place of studying, the loan amount that wish to apply for etc.
• Thereafter, you must enter details such as your name as mentioned on PAN card, your date of birth, gender, contact details and e-mail ID.
• You must then elect the co-applicant and fill in employment details, such as their monthly income and occupation.
• You shall be shown a range of offers which includes Avanseafter you tick the box that has terms and conditions, stating that you agree to them.

After having done all this, you will get the page where everything about Avanse education loan is presented. You can get tentative EMI according to your loan amount, details regarding rate of interest and others. Once satisfied, you can click on “Apply Now,” which will push your application to us as well as connect you with a dedicated loan officer from Avanse Education loan services. Once connected you can submit the documents for education loan abroad, which will then be processed by a separate loan department that handles Avanse Education Loan.