How Avanse Global Finance education loan works

These days, students believe in funding their education independently without depending on their parents. Therefore, students choose education loans. Let’s understand everything about student loans and also how Avanse Global Finance education loans work. So, let’s dive in.

Key highlights:

• Why should you take an education loan for abroad study?
  • Atmanirbhar
  • Let family savings be savings
  • Quality education
  • Credit score
  • No need to liquidate the assets
• How do the Avanse Global Finance education loans work?
  • No forex conversion cost
  • 100% Financing
  • Other benefits

Why should you take an education loan for abroad study?

• Atmanirbhar

Parents move mountains for their children when it comes to quality education. However, students now aspire to fund their higher academic aspirations independently without depending on their parents.

You can make contributions in the form of simple interest (SI)/partial interest (PI) during the moratorium period. After this grace period is over, your regular monthly EMIs will begin so you can repay the entire loan amount. This way, with an education loan, the dream of financing your education on your own can become a reality.

• Let family savings be savings

Family savings can come in handy during rainy days. If you use your savings for your education, you will have to face challenges during contingencies such as pandemic or health emergency. With a student loan, you will never need to disturb the family savings until you need them during the difficulties.

• Quality education

If you have a dream university in mind, nothing should stop you from securing a seat, not even a lack of funds. It is not a secret that education at a well-ranked university is expensive, and education inflation can create more challenges. Therefore, student loans are designed to enable ambitious students like you to transform your dreams into reality.

• Credit score

You are at that juncture in your life where you will eventually opt for other financial products such as a car loan, home loan, or credit card. In such scenarios, lenders will check your creditworthiness. When you repay your loan for abroad study, you will develop a healthy credit score. With this, you can unlock several benefits when you opt for other credit facilities.

• No need to liquidate the assets

Parents diligently strive to create financial stability and purchase assets. They put in effort for a long time to build some assets. Instead of liquidating these assets to fund your education, you can opt for an education loan for the USA and spare your assets.

How do the Avanse Global Finance education loans work?

• No forex conversion cost

You can obtain the education loan in USD and repay it in the same currency. Our student loans are specifically designed to help you save dollars by avoiding costly foreign exchange conversion fees. It means more of your funds can be directly used for your higher education without you stressing about fluctuating exchange rates.

• 100% Financing

At Avanse Global Finance, we offer education loans that cover the holistic cost of education, such as tuition fees, travelling costs, accommodation costs, living expenses, learning devices costs, and other education-related expenses. So, leave your worries behind and focus on your overseas studies.

• Other benefits

You can opt for up to USD 91,000, depending on factors such as your financial requirements, tuition fees, other expenses and eligibility. Moreover, interest rates begin at 10%. Furthermore, you can plan your tenure for up to 15 years.

Please remember that when you apply for a student loan, we will check your documents and thoroughly evaluate your student profile. Therefore, parameters such as academic scores, entrance exam scores, the pedigree of your university, and continuity in your education, to name a few, will be examined to determine your employability potential. Furthermore, your co-applicant’s financial background will be analysed too. If you tick all the boxes, your education loan will be approved.

So, with this information, you can start planning your academic journey. If you have any more questions, please feel free to connect with us. We will be glad to partner with you on your academic journey.