Avanse Education Loan Eligibility Criteria – Full Guide for 2025

To get an Avanse education loan in 2025, you must be an Indian citizen, 18 years or older, with a confirmed or conditional admission from a recognized university abroad. A financial co-applicant is mandatory, and your loan eligibility depends on factors like your academic background, target university, and your co-applicant’s credit and income profile.

Who Can Apply for an Avanse Education Loan?

You are eligible to apply if you meet the following conditions:

Both secured and unsecured loans require a co-applicant. Even if you apply without collateral, income documents are necessary.

Avanse Eligibility – Explained by Loan Type

1. Unsecured Loan (Without Collateral)

To qualify:

• Your co-applicant must have strong income (typically ₹6–8 LPA or more)
• A good CIBIL score (700+) is expected
• Your university/course should be in Avanse’s Tier 1 or Tier 2 list
• You should have decent academic performance (60%–70%+)

Want to learn more about non-collateral loans?

Read: Avanse Education Loan Without Collateral

2. Secured Loan (With Collateral)

To qualify:

• You or your family must be able to pledge property, FD, or life insurance as security
• A co-applicant is still required, but income criteria are more flexible
• Interest rates are lower, and loan amounts can go higher

What Makes You More Eligible?

Here’s how to increase your chances of approval:

📞 Need help checking your eligibility?

👉 Talk to a Student Cover advisor now

Documents Needed to Check Eligibility

• Applicant’s academic mark sheets (10th to graduation)
• Admission letter (offer or conditional)
• Co-applicant’s income proof (ITR/salary slips)
• PAN, Aadhaar, and address proof for both
• Collateral documents (only if applying for a secured loan)

🔗 View the complete Avanse Education Loan Documents Checklist

Can You Apply If You Don’t Meet Some Criteria?

Yes — Student Cover helps students who may not meet standard NBFC criteria by:

• Matching you with the right Avanse product
• Suggesting ways to improve the co-applicant profile
• Helping reduce your processing fee to 0.5%
• Supporting alternate approval methods (like adding a second co-applicant)

FAQs – Avanse Loan Eligibility

Is it mandatory to have a co-applicant for Avanse loans?

Yes. A co-applicant with income proof is required for both collateral and non-collateral loans.

Can a student with low grades still apply?

Yes, if other factors (like university rank, co-applicant income, or collateral) are strong.

Are all courses eligible under Avanse loans?

No. Only full-time, recognized programs (STEM, MBA, MS, MBBS, etc.) at accredited universities are eligible.

Is there a minimum income required for a co-applicant?

For unsecured loans, usually ₹6–8 LPA. For secured loans, income can be lower.

What if my co-applicant has a low CIBIL score?

You may still be eligible through a secured loan or by adding a second co-applicant.

Final Thoughts

Avanse education loan eligibility depends on your course, admission status, co-applicant income, and overall repayment strength. Even if you don’t meet all the criteria perfectly, Student Cover helps you find the best-fit loan option and improves your approval chances.

Check your Avanse loan eligibility now with expert support. Apply Avanse Education loan through Student Cover for faster approvals, reduced fees, and complete application assistance.