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An associate company of Dewan Housing Finance Limited (DHFL), Avanse is a privately-owned education finance company that provides financial assistance to students who seek education in India or a foreign country. It has been registered as a Non-Banking Financial Company (NBFC) and is regulated by the Reserve Bank of India. It is a new age company that focuses on bringing financial flexibility in the Indian education loan market. International Finance Corporation (IFC) which is an arm of the World Bank holds 20% stake in Avanse.
Avanse offers tailor-made solutions to the students for all traditional courses as well as some of the new age courses. The company has relationships with more than 400 educators and allied institutions to enable high-quality education for the students of India.
Avanse offers different types of education loans to meet the varied needs of students. The two major segments of Avanse Education Loan are education loan for study in India and education loan for study abroad. Apart from these, Avanse also offers Executive Education Loan for pursuing professional or vocational courses. You can also take the benefit of education loan refinancing to transfer the balance of your existing education loan into Avanse in order to enjoy a better rate of interest. The company has realized that not only colleges but school education is also quite costly nowadays. This is the reason why it provides school fee loans up to ₹ 3 Lakhs.
Why Choose Avanse for Education Loan in India?
Avanse is among the most popular education loan providers in the country. Being a new age company, it does not only provide financial help to students for pursuing traditional courses like engineering and medical but also finances unconventional courses like photography, hospitality, film making, etc. from well-known institutes.
Some of the reasons why students should opt for Avanse Education Loan are-
Apart from offering education loans to students, Avanse also provides commercial finance to educational institutions and other businesses.
Avanse also provides financial solutions to educational institutions and financial institutions. The types of Commercial Finance by Avanse include-
Education Infrastructure Lending- This type of loans has been offered to education and training institutions to meet their capital and operational expenditure. Both secured and unsecured loans are offered to these businesses. The main clientele of Avanse commercial finance includes reputed educational institutions, coaching and training centers and material suppliers of education institutions.
Structured Finance- This loan is offered to mid-sized and small-sized corporations to aid their working capital and expansion needs. Equipment Financing, Lease Rental Discounting, Supply Chain Finance, etc. are offered under this scheme.
Lending to Financial Institutions- This loan is especially launched for financial institutions. Under this, Avanse funds the onward leading activities of NBFCs, MFI, HFC & Fintech companies in India.
Avanse also extends financial help to Small and Medium Enterprises (SMEs) to help them meet their day-to-day requirements as well as any growth or expansion needs. The two main types of loans offered under this are- Loan against Property and Business Loan. Well-structured loan process and hassle-free application when combined with the competitive rates of interest of Avanse makes it a great option of SMEs.