An abroad education loan is borrowing used to fund higher studies at an overseas university or institute, covering course-related costs so that a student can pursue a programme outside India.
Avanse Financial Services, an education-focused non-banking financial company founded in 2013 and headquartered in Mumbai, positions its study-abroad loan as financing for the range of expenses tied to studying overseas, including tuition payable to the university, living costs, the purchase of books, computers and other equipment, refundable or caution deposits, travel or passage money, and associated costs such as entrance and preparatory test fees, consultation charges, insurance premiums and project expenses. Its page emphasises that both secured and unsecured loans are offered, so applicants without collateral to pledge may still be considered for a study-abroad loan, subject to the lender's assessment.
Avanse also describes a holiday or moratorium period during which repayment begins after the course concludes or after the borrower secures employment, whichever is earlier. Applications are made online, with a co-applicant typically required. Approval is not assured; applicants who meet the lender's eligibility and documentation criteria may be considered, subject to Avanse's evaluation of the student, the co-applicant, and the course and institution involved.
As published by Avanse Financial. Your branch may ask for more.
Tax: interest is deductible under Section 80E (no cap, up to 8 years). Foreign lenders (labelled below) are not RBI-regulated — read their terms carefully.
They lend without Indian collateral and are useful for some students, but they are NOT RBI-regulated — shown here with a distinct badge. Compare their all-in USD cost against an RBI-registered Indian lender before deciding.
Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.
No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.