The education-focused NBFC will waive off the last 8 Equated Monthly Instalments (EMIs) from the loan repayment structure for female education aspirants
Avanse Financial Services, India’s education-focussed non-banking financial company (NBFC), is providing a special offer on education loans for female higher education aspirants to celebrate International Women’s Day. To encourage women to pursue their higher education aspirations in any course and university of their choice, Avanse introduced an exclusive offer where the organisation will waive off the last eight EMIs from the loan repayment structure. Additionally, it will refund the entire processing fee of the loan for female students upon timely repayment of loan instalments.
This special offer will be available on education loans sanctioned to women borrowers between 8 March and 8 June 2023. It is applicable to higher education programmes in India as well as abroad.
On an average education loan of ~Rs 20 lakh taken by a female higher education aspirant for studying abroad, the applicant will be able to access a benefit of ~Rs 3.31 lakh waiver from the overall repayment amount. The processing fee on this loan will be ~Rs 24,000, which will be refunded to her upon timely repayment of loan instalments enabling her to save a total amount of ~Rs 3.5 lakh.
