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PSR Prime Towers, DLF Cyber City, Gachibowli, Hyderabad, Telangana, 500032We ensure 100% transparency throughout the education loan process.Our education loan counsellors will stay by your side every step of the way.
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Planning to study abroad is an exciting journey, but financing your education can be a crucial step in making that dream a reality. Education loans are a reliable option for students to cover tuition fees, living expenses, and other costs, but understanding the eligibility criteria for an education loan is essential before you start your application.
With a clear understanding of the key features of any education loan, you can confidently manage your education financing journey and pursue academic aspirations without unnecessary financial stress.
| Features | Education Loan Details |
|---|---|
| Loan Amount |
Up to ₹2 Cr (With Collateral)
Up to ₹1 Cr (Without Collateral)
|
| Margin Money | Nil |
| Processing Fee |
0.5% – 1.0% + GST |
| Processing Time | 5 Days |
| Loan Tenure | 15 Years |
| Prepayment Charges | Charges applicable for early repayment (varies from case to case) |
| Repayment Holiday | For principal payment, 6 months after course completion |
| Countries Covered | USA, Canada, UK, Ireland, New Zealand, Australia, Germany & others |
| Payment During Study Period | Yes – partial interest, simple interest, direct EMI |
Our education loan counsellors will stay by your side every step of the way and recommend the best partner and guide you through the loan applying and sanctioning process.
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Knowing the eligibility criteria for Avanse education loans is essential because it helps you assess whether you qualify for financial assistance before applying. Being aware of the requirements also saves time and effort by avoiding applications that may not be approved, allowing you to explore alternative funding options if necessary.
| Type | Requirement |
|---|---|
| Age Requirement | You must be at least 18 years of age while applying for the Avanse education loan. |
| Confirmed Admission | You must have an admission letter from the desired university you are applying for. |
| Academic Excellence | A good academic track record is expected. You must undertake entrance examinations like GRE, IELTS, TOEFL, etc. The GRE score is especially important when seeking education loans for the US. |
| Eligible Courses & Countries | Avanse finance education loan covers regular graduate, post-graduate, diploma, certificate, and doctorate courses offered by foreign institutes or universities in countries such as the USA, UK, Canada, Australia, New Zealand, France, Germany, and Ireland, among others. |
| Co-Applicant Eligibility | A co-applicant is mandatory and may be the applicant's mother, father, sister, brother, spouse, paternal or maternal relative, or a legal guardian. The co-applicant should have a regular source of income and a good credit history. |
Knowing the eligibility criteria for Avanse education loans is essential because it helps you assess whether you qualify for financial assistance before applying. Being aware of the requirements also saves time and effort by avoiding applications that may not be approved, allowing you to explore alternative funding options if necessary.
| Type | Requirement |
|---|---|
| Age Requirement | You must be at least 18 years of age while applying for the Avanse education loan. |
| Confirmed Admission | You must have an admission letter from the desired university you are applying for. |
| Academic Excellence | A good academic track record is expected. You must undertake entrance examinations like GRE, IELTS, TOEFL, etc. The GRE score is especially important when seeking education loans for the US. |
| Eligible Courses & Countries | Avanse finance education loan covers regular graduate, post-graduate, diploma, certificate, and doctorate courses offered by foreign institutes or universities in countries such as the USA, UK, Canada, Australia, New Zealand, France, Germany, and Ireland, among others. |
| Co-Applicant Eligibility | A co-applicant is mandatory and may be the applicant's mother, father, sister, brother, spouse, paternal or maternal relative, or a legal guardian. The co-applicant should have a regular source of income and a good credit history. |
Securing the right education loan for foreign studies can feel overwhelming. UniCreds simplifies the process so you can focus on your academic goals. Here’s how we support you at every step.
Begin with a quick eligibility review using our online tool to get instant clarity. For deeper guidance, our expert advisors are available online or at our Mumbai and Hyderabad centres.
We provide a personalised document checklist and guide you through every requirement, ensuring accuracy and completeness to avoid processing delays.
Our team reviews every detail before submission, reducing back-and-forth with lenders and speeding up your loan approval process.
UniCreds keeps you informed at every stage, manages lender communication, and ensures support is always just a call or visit away.
We explain interest rates and repayment terms clearly so there are no surprises. Once approved, we assist with smooth and timely disbursement.
With UniCreds, finding the right education loan for abroad studies is a smooth, supported experience—so you can focus on your future.
Applying for your overseas education loan at the right time can make your study abroad journey smoother and stress-free. Applying too early or too late can lead to complications.
Here’s how to pinpoint the right moment to apply:
To get your student loan for abroad approved smoothly, you’ll need to submit documents that verify your identity, academic background, course details, and financial credibility. While document requirements may vary slightly between lenders, most follow a standard checklist.
| Document Type | Applicant | Co-Applicant |
|---|---|---|
| Filled Loan Application Form | ✔ | ✔ |
| Passport-size Photographs | ✔ | ✔ |
| Identity Proof (PAN, Aadhaar) | ✔ | ✔ |
| Address Proof (Aadhaar, Passport, Utility Bills, Voter ID) | ✔ | ✔ |
| Proof of Date of Birth | ✔ | N/A |
| Signature Verification | ✔ | ✔ |
| Relationship Proof | N/A | ✔ |
