Avanse education loan for studying abroad
Avanse is an education-focused NBFC in the same category as Credila: faster than a bank, dearer than one, and more willing on an unsecured file. Where it differs is case by case rather than structurally, which is exactly why it is worth a second quote.
At a glance
| Lender type | NBFC |
|---|---|
| Interest rate | 10.25%–16.5% p.a. (floating) |
| Loan amount | Up to ~₹1 Cr+ |
| Collateral | Secured loans offered. Unsecured (collateral-free) loans offered. |
| Moratorium | Up to 6 months after course, or 3 months after a job |
| Processing | Unsecured 4–6 / secured 8–10 working days |
| Countries covered | All |
This rate was read from the lender's own page 61 days ago, on 1 August 2026 — which is longer ago than we are comfortable with, so confirm it with the lender. Existing Vibedu partner — priority processing.
Why to get a second NBFC quote
The NBFCs in this market price individually. Two of them looking at the same file routinely return offers far enough apart to matter across a repayment, and the only way to find out is to ask both.
- Apply to two NBFCs in the same week so the credit checks sit together.
- Compare the effective cost — rate, processing fee, insurance, and whether interest accrues during the moratorium.
- Ask what happens to the rate after disbursement: fixed, or reset on a schedule.
What to watch
- Interest during the moratorium. Simple interest paid while studying is far cheaper over the life of the loan than interest capitalised into the principal. Ask which applies.
- Processing fees are a percentage of a large number.
- Insurance, where bundled, is part of your cost and is sometimes presented as optional when the pricing assumes it.
Avanse — FAQs
2 questions
Neither is structurally better. They price individual files differently, which is why both are worth quoting on the same application.
The collateral position is shown above. NBFCs generally have a larger unsecured appetite than banks, at a higher rate.
Not sure which lender fits? A counsellor compares what you would actually be offered across all twelve — free, and with no application.
Sources
Checked against these sources on 1 August 2026.