Question 1

What is the Avanse Global education loan interest rate?

Accepted Answer

The Avanse Global Finance education loan ranges between 10% to 11.25%. Apply through Student Cover and get the lowest ROI for your abroad education journey.

Question 2

Does Avanse Global charge a processing fee?

Accepted Answer

Yes, Avanse Global charges 2% to 3% processing fees. If you want your loans to be processed with the lowest fees, contact Student Cover, and our loan buddies will assist you.

Question 3

What is the repayment period for the Avanse Global education loan?

Accepted Answer

The repayment period for Avanse Global Finance education loan is up to 15 years. To get the maximum tenure, contact Student Cover right away.

Question 4

How fast can I get my loan approved?

Accepted Answer

Usually, if you are applying for a non-collateral loan, it takes 4 to 5 days to get your loan sanctioned. However, if you are looking for a collateral loan, it might take a little longer, as the loan agents might visit your property or verify other documents to be assured about their validity.

Question 5

What’s the maximum amount I can get for my dream college?

Accepted Answer

If you are applying for a non-collateral loan for countries like the United States of America, you can get the maximum loan amount of ₹1.5 Cr. For other countries, you can get a maximum amount of ₹1 Cr. However, if you are applying for a loan with collateral, there could be no set higher amount; it will depend on the value of your property and your academic score.

Question 6

Do I need a guarantor or collateral?

Accepted Answer

If you are applying for a loan with collateral, you can apply for it without a cosigner. However, if you are applying for a non-collateral loan, you would generally need a co-applicant. That said, if you have an excellent academic score and credit report, you wouldn’t need a cosigner.

Question 7

When do I start paying back the loan?

Accepted Answer

You would have to start paying back 1 year after your course completion. However, if you want, you can start paying back your EMIs before as well, which would positively affect your credit score.

Question 8

Is the interest rate fixed or does it change?

Accepted Answer

Generally, all lenders offer floating interest rates; only abroad can NBFCs offer a fixed ROI. Most Indian lenders, i.e., banks and NBFCs, offer interest rates on a floating basis. However, if you apply to an NBFC abroad, you will get a fixed ROI.

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