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We all know that learning never stops. You can learn something new every day, irrespective of whether you're 10, 40 or 90. Once you start your career journey, you may want to enhance your skills or even learn new ones to achieve all your aspirations. Unfortunately, a lack of finances can create a roadblock that will prevent you from acquiring new skills..
At Avanse, we provide student finance for postgraduate study for professionals looking to grow and climb the corporate ladder. We offer special education loans for working professionals in India, including education loans for MBA. We have curated education financing solutions that allow you to focus on your professional growth journey.
Most professionals today hope to complete an MBA or post-graduate diploma course to improve their career prospects. But, taking time off to study isn't always easy. Many people do not have the resources to fund the programme of their choice in India or abroad. That's where our executive education loans come into the picture. We help you pay for your course so that you can achieve your goals. If you aren't sure whether an education loan for working professionals is the right option for you, here's a look at the benefits they offer:
There's no denying the fact that today's job market is incredibly competitive and cutthroat. If you want to make the most of every opportunity, you must have all the right tools. Getting an MBA or another post-graduate diploma or certificate can enhance your prospects. With an education loan for executive MBA, you can get the degree and skills you require without having to worry about your finances.
Your education loan for MBA and other professional courses can teach you more than you expect. When you go back to your higher studies in India and abroad, you also pick up crucial life skills such as time management, effective social skills, awareness and more. Additionally, you have the opportunity to grow your social network and build connections with like-minded professionals. In the future, they could help you with your career aspirations.
When you opt for a postgrad student loan, you don't have to worry about saving up the money for your education. Instead, you can rely on Avanse to provide you with the required funds. We offer an easy repayment schedule, so you can focus on getting your professional degree and furthering your career trajectory.
Considering getting an education loan for executive MBA? Here?s a look at the reasons why you
should partner with Avanse for your education loan for working professionals:
For Which Courses Can Professionals Avail Executive Education Loans in India? With an executive education loan from Avanse, you can cover the cost of postgraduate courses, specialist courses, management courses, vocational upgradation courses or other courses leading to a higher professional qualification.
Documents | Applicant | Co-Applicant | Additional Co-Applicant | Guarantor |
---|---|---|---|---|
2 Colour Passport-sized Photos | ||||
Photo ID | ||||
Residence Proof | ||||
Date of Birth Proof | ||||
Signature Verification | ||||
Academic Documents | ||||
Proof of Admission | ||||
Fee Structure | ||||
Income Proof | ||||
Collateral Documents | ||||
8-month Bank Statement | ||||
Relationship Proof |
Ideally, check which documents you need to submit and apply for the professional education loan well in advance to avoid last-minute hassles.
Once we receive the application, our consultants will review it and get in touch with you if they require any additional information. If your application checks all our boxes, we will provide you with a formal Loan Offer letter. Here, we outline the loan amount you can get as well as a list of documents we require from you. You may use the loan offer letter to secure your seat at your preferred university or institute.
Once all the paperwork is ready, we will provide you with an education loan agreement. The agreement lists out all the terms and conditions. After you review the paperwork and sign it, we will disburse the loan amount via DD, cheque or electronic transfer.
Description of Charges | Charges and Fees |
---|---|
Pre-payment charges | No pre-payment allowed within 6 months from the disbursal of the loan |
Charges for late payment of PMII/EMI | 2% per month |
Cheque/ECS bounce charges (per bounce) | INR 500/- plus applicable GST |
Document handling charges (during foreclosure) | INR 2,000/- onwards plus applicable GST |
Additional services, as required, will be charged at a nominal fee as per Avanse policy.
Minimum loan repayment tenure - 12 months
Maximum loan repayment tenure - 120 months (including the course duration)
We also offer a grace period of 6 months from the time you complete the course or a grace period of 3 months from the time you secure your first job.
To be eligible for a study abroad loan from Avanse, you only need to meet the following eligibility criteria:
Do you check all the above boxes? Well, congratulations, you are eligible to apply for our education loans for abroad studies! As for point number 3 - if you do not have a confirmed admission in the Institute, you can still get a pre-admission loan. This will help you cover all your pre-admission expenses including entrance exam fees, consultation fees, the cost of prep tests, etc. These loans can also provide proof of funds to increase the chances of your application being selected.
Our loans cover your entire student life journey. Right from the course fee to the purchase of study material, we will take care of everything! Here is a rough list of expenses you can get covered with our loan for higher education abroad:
With an education loan for abroad, you get 100% finance. This ensures that all your expenses are taken care of. Therefore, instead of worrying about funds, you can focus fully on your studies. We will handle the costs for you!
At Avanse, we believe that you should aspire without boundaries! That's why we do not have any limit when it comes to the loan amount. However, the loan amount that we can provide depends on numerous factors such as your academic record, the course you've selected, your parent's ability to repay the loan, etc. To get a better idea of the loan amount you can avail, use our eligibility calculator. You can also come to the nearest Avanse Financial Services branch office or you can contact us to schedule a home visit.
We provide 100% finance. This means that you do not need to provide any margin money to get an educational loan for abroad studies. Amazing isn't it?
You do not need to provide collateral or any form of security to get an educational loan for abroad studies. However, if you are able to provide security in the form of residential/commercial property or a fixed deposit, then you will enjoy higher loan amounts and/or reduced interest rates.