Question 1

What is the Avanse Global education loan interest rate?

Accepted Answer

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

Question 2

Can students get an Avanse Global education loan without collateral?

Accepted Answer

Yes, students can get an Avanse Global education loan without collateral. However, they are generally required to have a good academic score, a good credit score, and a co-applicant with a good credit score.

Question 3

Does Avanse Global charge a processing fee?

Accepted Answer

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

Question 4

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

Accepted Answer

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

Question 5

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 loan agents may need to visit your property or verify other documents to confirm their validity.

Question 6

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

Accepted Answer

If you are applying for a non-collateral loan for a country like the United States of America, you can get a maximum loan amount of INR 1.5 Cr. For other countries, the maximum amount is INR 1 Cr. However, if you are applying for a loan with collateral, there is no fixed upper limit; it depends on the value of your property and your academic score.

Question 7

Do I need a guarantor or collateral?

Accepted Answer

If you are applying for a loan with collateral, you can apply without a cosigner. However, if you are applying for a non-collateral loan, you would generally need a co-applicant, unless you have an excellent academic score and credit report, in which case a cosigner may not be needed.

Question 8

When do I start paying back the loan?

Accepted Answer

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

Question 9

Is the interest rate fixed or does it change?

Accepted Answer

Most Indian lenders, including banks and NBFCs, offer interest rates on a floating basis. However, if you apply to an NBFC based abroad, you may get a fixed rate of interest.

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