Base Lending Rate
We always aim to offer you competitive interest rates on your Avanse Education loan. The rate of interest on your loan is calculated as: Interest Rate = Avanse Base Rate + Spread Our current Base Lending Rate is 11.5% The Spread is determined individually and is based on analysis of the credit and course profiling. Rate of interest on student loan will be floating in nature. Interest is calculated using Simple Interest Rate with Monthly rest. This rate is subject to the terms and conditions of Avanse Financial Services Ltd.
Terms & Conditions
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.
Power In Numbers: Your Education Loan EMI Calculator
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This Education Loan Calculator is made available to you as a self-help tool for your independent use. We do not guarantee its accuracy or applicability to your circumstances. This tool is not intended to provide investment, legal, tax, or accounting advice. Figures are indicative and for illustrative purpose only. We encourage you to consult an Avanse officer for personalised assessment, additional information or advice. All Avanse Education loans are subject to approval and credit terms of Avanse Financial Services Ltd.