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We always aim to offer you competitive interest rates on your Avanse loans. The rate of interest on your loan is calculated as: Interest Rate = Avanse Base Rate + Spread. Our current Base Lending Rate is 12.65% (w.e.f. 01.11.2018). The Spread is floating and is based on analysis of overall credit and customer profiling. Interest is calculated using Simple Interest Rate with Monthly rest. This rate is subject to the terms and conditions of Avanse Financial Services Ltd.
Avanse Financial Services Ltd. is authorized to disclose from time to time any information relating to the loan to any credit bureau (existing or future) approved by Government of India and Reserve Bank of India without any notice to the borrower. We are also authorized to make inquiries with the Credit Information Bureau of India (CIBIL) and get the applicants Credit Information Report. All Education loans are subject to approval and credit terms of Avanse Financial Services Ltd.
The West was always the default higher-educational destination for aspirational Indian scholars, ever since the days of Gandhi and Nehru. But only in recent years did we start looking northwards and eastwards, in the Asian yard for taleem. And a rich and diverse landscape it has proved to be. More and more Indian students are opting for the variety of courses being offered in the Asia Pacific which comprises of China, Japan, South Korea, Hong Kong and Singapore, the lattermost country, of course, has held an impressive higher-education portfolio among Indians for long.
China is determined to leave a formidable footprint in education. It now spends almost four per cent of its massive GDP on education. Several of its universities are highly ranked, and a lot of the degrees are taught in English. Despite this, after finishing a degree, it is nearly impossible to get a job unless you are competent in Mandarin and written Chinese. Universities like CEIBS (China Europe International Business School) are well regarded for business education.
Japan offers a few undergraduate and several Masters degrees in English as well. Tokyo University and Kyoto University are well known for their courses in science, technology and the Arts. Waseda University is the one to go for business. For several Universities in Japan, you will, instead of sending in your grades, need to write a common entrance exam for foreign students.
Despite its reputation for being expensive, education in Japan is quite affordable, and living costs for students is relatively reasonable. Also, the Japanese government has begun offering more scholarships to incentivise more international students to come to Japan to study.
You will need to know the language at a business proficiency level for most jobs, and will need to be a fluent Japanese speaker in order to live in Japan, since they don’t speak much English.
South Korea wants to go the Japan way too. The country has a good reputation for courses in science, engineering and business. And it’s eager to take international students. A recent trend has seen more courses being taught in English as well, and Universities like Seoul National University and Sungkyunkwan University have good reputations for Business courses. A plus side is that the fees in South Korea are very affordable, and living expenses are manageable. But to get a job in South Korea, as in Japan and China, requires proficiency in Korean.
Singapore is another popular choice amongst Indian students. The country has a large Indian Community too. Fees and living costs in Singapore are high in the Asian context, but the level of education is high. Both the National University of Singapore (NUS) and the Nanyang Technological University are highly ranked and well regarded for most subjects, especially in Business. Singapore is also friendly in getting jobs though the market is highly competitive.
Hong Kong is another great and more common option amongst Indian Students. It’s relatively easy for Indian students to get a Hong Kong visa. The tuition fees is slightly more expensive, and living expenses are on the higher side as well, but several universities offer scholarships, including those aimed directly at Indians students. It is also easy to get a work permit after graduation, though the job market is extremely competitive. The Hong Kong University of Science and Technology (HKUST) and The Chinese University of Hong Kong are well regarded for science, technology and business.
Finally, if you are considering subjects like medicine, you might want to look at the Philippines, which offers good medical education at a reasonable price. If you are looking at Business, look at China, South Korea, Hong Kong, Singapore or Japan, as all offer excellent MBAs.
The Asia Pacific is a region that Indians need to consider more seriously in terms of education, they are our close neighbours and offer good a quality of education at an affordable price.