Avanse Bank Education
Loan EMI Calculator

Loan Amount (₹)
Interest Rate (%)
Tenure (Yrs)
EMI
0
EDUCATION LOAN ABOVE 1 LAC WITH NO UPPER LIMIT FOR STUDIES ABROAD
Interest
Rate

Loan limit Interest Rate
Above 1 Lac 12-14.5%
Loan Amount &
Security

Secured Unsecured
Above 30 Lac Upto 30 lacs
Charges &
Repayment

Processing fees 1-2% of loan amount
Pre payment charges No prepayment allowed in first 6 months
Late Payment 2% per month
Repayment period Upto 10 years
Moratorium period Study period + (6 months if unemployed or 3 months if employed)
Repayment types Partial interest during course period, EMI payment during course, EMI payment after moratorium period
Eligibility
Criteria

  • Indian National
  • Admission confirmed
  • Must have an earning co-borrower in India
Key Benefits &
Coverage

financing
  • 100%
Course covered
  • courses offered by reputed universities outside India
Expenses covered
  • 100% tuition fees
  • Upto 75% of living cost not exceeding 20% of total tuition fees.
  • Travel expenses upto 75000
Required
Documents

Student Co-Borrower
KYC
  • Aadhaar
  • 2 passport photo
  • Passport
  • residence proof
  • Aadhaar & Pan card
  • residence proof
  • 2 photo
EDUCATION
  • Admit letter
  • cost of study statement
  • X & XII mark sheet
    ---
INCOME
  • Pan card
  • 6 months bank account statement
  • 8 months bank account statement
  • ITR of last 2years /form 16 last 2 year/salary slip
SECURITY
    ---
  • Collateral documents