Avanse Introduces 'Start With Smart Study Loans' for its Students

MUMBAI, May 13, 2015 /PRNewswire/ --

Avanse Education Loans (Avanse), a new-age education finance company has launched its new advertising campaign 'Start with Smart Study Loans' which would provide a wide array of education finance solution for students pursuing their career aspirations in India and abroad. The solutions and financial products under this campaign are uniquely designed keeping in mind the specific needs of students wishing to achieve their academic dreams.

Education loans under the 'Start with Smart' campaign helps students cover, all expenses including tuition fees, living expenses, insurance, book and study materials, travelling expenses as well as pre-admission fees, test preparation costs, visa and consultant fees. The most exciting feature offered under this scheme is the pre-admission loan that enables aspiring & eligible students to show proof of funds to confirm their admission in a foreign university of their choice. The 'Start with Smart' education loan is a key step toward empowering Indian students in their quest for a brighter and secure future through easy access to education finance.

On the launch of the campaign, Mr. Neeraj Saxena, CEO, Avanse Education Loans, said, "Every year Indian students and their parents spend INR 45,000 cr (approx.) on higher education at various universities and colleges of their choice either in India or abroad. This reflects the need of concerned parents and students in finding the right finance partner to ensure that students are able to take complete advantage of the opportunity to pursue an international education. Understanding the need of financing in the higher education sector, Avanse Education Loans offers specialised products and services that are uniquely designed to help students meet their higher education finance requirements without any hindrance. We hope that our 'Start with Smart Study Loans' campaign encourages and educates both the student and the parents in making smart choices while deciding on the right programs as well as finance options available."

Since its inception, Avanse has addressed to the growing need of holistic education finance for aspiring students. Avanse will provide 100% education finance to students applying for diverse streams ranging from Engineering, Management, Medicine to Science, Humanities, Law and also niche courses like Music, Dance, Image Consulting, etc. With a hassle-free education loan process, Avanse strives to approve the loan in a maximum of four days and provide loans up to 100% of the cost of attendance, even as high as Rs. 1 crore or more. The company provides students the option to repay the loan through flexible repayment plans, with repayment tenure up to 10 years (120 months).

Some privileges student can avail under the 'Start with Smart Loans' concept: 

- Unsecured* loan amount of up to INR 25 lakh

- Country specific loan solutions

- Competitive and attractive interest rates for Avanse preferred universities and courses

- Option for multi-city and multi co-borrowers

About Avanse  

Avanse Financial Services Ltd., a new-age education finance company, is an Associate Company of Dewan Housing Finance Corporation Limited (DHFL), India's second largest private housing finance company. The International Finance Corporation (IFC), an arm of the World Bank holds 20% equity stake in Avanse. Avanse is a Non-banking Finance Company (NBFC) and is regulated by the Reserve Bank of India. Avanse was conceived with the aim to fulfil the gnawing need for education finance at reasonable terms, thus enabling every student to pursue their right to an education of their choice and achieve their career goals. The word 'Avanse' has been derived from the French word 'Avance', which means 'to advance'. This meaning has become the cornerstone of the brand promise, which encourages students to chart out the course to their future. The essence of the brand has thus been distilled and well encapsulated in the tagline: "Aspire Without Boundaries".

Avanse provides financial assistance through Avanse stand-alone offices and also through the DHFL network offices. The company funds students travelling to all key international advanced education destinations including US, UK, Australia, Canada, etc. With Avanse's efficient servicing network and deep understanding of the education and education finance sector, servicing students in their overseas destinations is a differentiator for the company. The company has been enabling access to easy and fast funding for aspiring students who wish to study in India or overseas.

To know more about the company, visit: http://www.avanse.com/about-avanse/

Media Contact:
Priyanka Rawlani,
[email protected],
+91-9833210451
Manager - Corporate Communications & PR,
Avanse Financial Services Ltd.