When you first graduate from college, higher education is the first thing on your mind. You aim to go abroad for your higher education but wonder as to how you will finance it and then repay any loan you take. Almost every student goes through the same worry but now you have an option in the form of an Avanse Study Abroad loan.
If you have appeared for GRE/GMAT/etc and have secured or are confident of securing a good score, you have a reason to rejoice. Avanse is now offering 3 additional benefits based on your score in these tests that are mandatory to secure admission to a foreign university.Let’s try to understand what thesethree additional benefits are.
- Unsecured loan
It is a common practice followed by financial institutions to secure the loan by asking the borrower to present an asset as a collateral. However, Avanse offers unsecured study abroad loans up to Rs.25* lacs. It means the student or the parents do not have to provide a collateral to get the education loan. If the student has scored 295 or more in the GRE exam, he/she is eligible to get the benefit of getting an unsecured loan.
- Preferential Interest rate
Interest rate is the biggest factor in every type of loan including education loan. However, Avanse offers preferential interest rateon study abroad loan to students having a GRE score of 295 and more.The preferential interest rate offered to students depends on various factors such as GRE score, foreign university and the country chosen as the study abroad destination.
- Free Air Ticket
It is a conditional benefit where 25 participants will be chosen through a lucky draw. To ensure you are considered for a free air ticket to study abroad destination, you will be required to apply for the study abroad loan before 31st May 2015 and get the loan sanctioned by 14th June 2015.
Besides the above mentioned three benefits, there are several other benefits associated with Avanse study abroad loan.
- No Margin Money
One of the biggest benefits associated with Avanse is the ‘No Margin Money’ requirement. It means the student/parents do not have to arrange for margin moneyas Avanse offers 100% Education finance to students wanting to study abroad.
- Fastest loan processing
Your study abroad loan is generally sanctioned with 4 days. Avanse allocates a special client relationship manager for your study abroad loan processing. The client relationship manager visits your home/office to complete the loan requirements and ensure the education loan process is hassle-free for you and your family.
- Flexible loan repayment
The flexible loan repayment options from Avanse ensures that you are not financially burdened. Besides the moratorium period, the borrower has options of Step Up EMI where the initial EMI repayments are lower and gradually increase as the borrower achieves financial stability.
Thus, you can see the Avanse Study Abroad loan is the right financial instrument that can help you tune the career of your dreams into a reality.