How get Loan in 4 simple Steps

Easy steps – No Applications Fee

Filling up the application form from the comfort of your own home

Compare loan offers from multiple lenders to find the best loan

Provide all the documentation your lender requires to sanction loan

Once approved, a lender will provide disbursement of loan funds

Year of Establishment 2005 2001 2013
Student Loan Size $22.9 Billion $26 Billion $4.5 billion
Loan types Undergraduate, Career Training, Parent Loans, K12 Loans, MBA, Medical School, Medical Residency, Dental School, Dental Residency, Law School, Bar Study, Graduate All Graduate/Undergraduate studentswith atleast half-time enrolled in a degree program at an eligible institution. Undergraduate, graduate, MBA, law, dental, medical, international, refinancing, parent refinancing
Rate types Fixed and Variable Fixed and Variable Fixed and variable
Interest Rates* "Variable: 2.75% - 10.65%, Fixed :4.74% - 11.85%" Variable: 3.14% - 11.88%*, Fixed:4.09%- 13.03% * Variable: 2.74% ( Starting), fixed : 4.39% ( Starting)
Loan terms (Years) 5, 10, 15 5, 10, 15 5, 10, 15
Loan amounts $1000 up to the cost of attendance $2,000 to $200,000 $5,000 to school-certified cost of attendance
Application or origination fees No Fees No Fees No Fees
Discounts Autopay Autopay Autopay
Repayment Options - In-school interest only - in-school fixed -in-school deferment - immediate repayment "In-School Interest Only, Pay Deferred Repayment Minimum Payment ($25)" Yes, options available
Deferment or forbearance hardship options Available Available Available
Co-signer release ( Months plus timely payment) 12 Months 24 Months No Cosignor release
BBB rating A+ A+ A+

*As per last Update on 3/13/2020

Pawan Kore ( Mumbai )
Cambridge University
Pawan Kore ( Mumbai )
Cambridge University
Pawan Kore ( Mumbai )
Cambridge University
Hi, My name is Rohit Patil, I got my education loan sanctioned from Avanse. Its been a great journey with eduloans. Very easing loan application through eduloans website, instant service from the department and constant follow made loan process less stressful. The main reason behind it is Gurpreet sir, without their constant support this would not have been possible. At each step of our loan criteria, gurpreet sir were there, as if they were taking loan along with us. From ROI to loan sanctioned amount, from processing fees to monthly installments to be cut-off, gurpreet sir helped us to get loan in minimum possible cost with maximum benefits. Thank you Gurpreet sir & Eduloans team, i will always remember your support."
Pranav Mody
Pranav Mody (Canada)
NJIT
Hi, My name is Rohit Patil, I got my education loan sanctioned from Avanse. Its been a great journey with eduloans. Very easing loan application through eduloans website, instant service from the department and constant follow made loan process less stressful. The main reason behind it is Gurpreet sir, without their constant support this would not have been possible. At each step of our loan criteria, gurpreet sir were there, as if they were taking loan along with us. From ROI to loan sanctioned amount, from processing fees to monthly installments to be cut-off, gurpreet sir helped us to get loan in minimum possible cost with maximum benefits. Thank you Gurpreet sir & Eduloans team, i will always remember your support."
Pranav Mody
Pranav Mody (Canada)
NJIT
Hi, My name is Rohit Patil, I got my education loan sanctioned from Avanse. Its been a great journey with eduloans. Very easing loan application through eduloans website, instant service from the department and constant follow made loan process less stressful. The main reason behind it is Gurpreet sir, without their constant support this would not have been possible. At each step of our loan criteria, gurpreet sir were there, as if they were taking loan along with us. From ROI to loan sanctioned amount, from processing fees to monthly installments to be cut-off, gurpreet sir helped us to get loan in minimum possible cost with maximum benefits. Thank you Gurpreet sir & Eduloans team, i will always remember your support."
Pranav Mody
Pranav Mody (Canada)
NJIT
Hi, My name is Rohit Patil, I got my education loan sanctioned from Avanse. Its been a great journey with eduloans. Very easing loan application through eduloans website, instant service from the department and constant follow made loan process less stressful. The main reason behind it is Gurpreet sir, without their constant support this would not have been possible. At each step of our loan criteria, gurpreet sir were there, as if they were taking loan along with us. From ROI to loan sanctioned amount, from processing fees to monthly installments to be cut-off, gurpreet sir helped us to get loan in minimum possible cost with maximum benefits. Thank you Gurpreet sir & Eduloans team, i will always remember your support."
Pranav Mody
Pranav Mody (Canada)
NJIT
Hi, My name is Rohit Patil, I got my education loan sanctioned from Avanse. Its been a great journey with eduloans. Very easing loan application through eduloans website, instant service from the department and constant follow made loan process less stressful. The main reason behind it is Gurpreet sir, without their constant support this would not have been possible. At each step of our loan criteria, gurpreet sir were there, as if they were taking loan along with us. From ROI to loan sanctioned amount, from processing fees to monthly installments to be cut-off, gurpreet sir helped us to get loan in minimum possible cost with maximum benefits. Thank you Gurpreet sir & Eduloans team, i will always remember your support."
Pranav Mody
Pranav Mody (Canada)
NJIT

Picking the right and the best education loans can make a big difference when time comes to repay your debt from school or college. If you are unsure of what type of education loan to choose, a good rule of thumb is to select one that offers a low-interest rate, flexible repayment options and borrower protections.

Education loans are meant to provide monetary assistance to students to meet the expenses associated with their studies. There are a variety of education loans, but they are broken down into two basic types- federal student loans and private student loans. The key difference between federal and private student loans is that federal student loans are provided by the Government, while private student loans are provided by a private-sector lender such as a bank, credit unions and other financial institutions. Both federal and private student loans offer very different benefits, interest rates, and repayment options.

Education loans have made the dream of pursuing academic courses easier without burdening parent or borrowers with liabilities. The education loan process may differ from bank to bank, but there are some fundamental steps. To avail a loan, the applicant needs to fill out a loan application form, choose loan offer, provide validated supporting documents and wait for loan approval. Once approved, a bank or lender will disburse the loan. Today, one can apply for an education loan online

Filling up the application form from the comfort of your own home

If you are planning for a college but know that getting a degree can become an expensive prospect due to the direct and indirect costs of attending college which makes educational costs out of your reach, then you can go for a private student loan. A private student loan is a credit-based loan offered by lending institutions, such as banks and credit unions to get money in financing your college education. Based on how much you borrow and for how long, you will have to pay interest on the loan and eventually pay the borrowed amount back.

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