About Education Loan

We believe, given the right tools and aid every child has the potential to be successful. Our education loans aim to be the very tool that will enable them to reach their goals in life.

Expenses Covered include the following:

  • Fee payable to School / College / Institution / University.
  • Examination / Library / Laboratory fee.
  • Fee and other charges payable to hostel.
  • Purchase of books / equipments / instruments / uniforms.
  • Personal Computers / Laptops wherever required.
  • Caution deposit / building fund / refundable deposit supported by institution bills / receipts.
  • Any other expenses required to complete the course – like study tours, project works, thesis, etc.
  • Cost of external coaching / tuition is not covered

Advania Group partners with Government on the Students’s Loan Scheme. The scheme is aimed at providing funding to needy but bright students.Under the partnership, Advania Group  does the following;

  • Distributes and receives loan & schorlarship applications from  students on behalf of the Higher Education  Students’ Financing Board
  • Advance funds to approved students accounts and instantaneously remit the same to the institutions of higher learning for the benefit of the approved and successful applicant
  • Collect applications fees and any other fees on behalf of the above  Board

Different stakeholders have been consulted on this matter and these include among others( All Public Universities, All Private Chartered Universities, Solicitor General’s Office,  Local Government Administration, Ministry of Finance, Planning and Economic Development, Parliament and International bodies that have implemented the Students’ Loan Scheme.

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Why Choose Advania Group Education Loan?

Student Loan

100% education finance now at your doorstep!! You can also pay your easy repayment from abroad also. Customized education loan solution as per your needs.

Foreign Education Loan

Apply now for best education loan with Advania Group. 2000+ happy customers who are granted for education loan. Instant response from our advisor.

Employer Education

To get Education Loan, apply online and check your eligibility, for flexi EMI repay and you can also compare Advania Group education loan with our compare table with others.

Certificate Courses

Advania Group is one of the best loan company to provide variation in loan products.For more detail you can check our loan products. Get a student loan upto $50,000 and get higher education..

Get financing for whatever you need now

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Features of Education Loan

Amount Limits

Loan amount minimum NPR $300 and the maximum up to NPR $50,000

Loan Tenure

Advania Group’s Loan tenure minimum time is 1 year and maximum up to 10 years

Wider Options

Our loan rates and charges are very attractive and competitive compared to others.

Tax Rebeate

Moratorium period up to maximum of 3 years or course duration whichever is earlier

Education Loan - Eligibility

Any salaried, self-employed or professional Public and Privat companies, Government sector employees including Public Sector is eligible for a personal loan.

Age

Loan will be provided in the names of the parents.Maximum age 62 years (or retirement age whichever is earlier) at loan maturity.

Income

Reliable income source of parents for the repayment of EMI

Credit Rating

Applicant should have a bank account with Advania Group.

Frequently Ask Questions

Documents that are to be submitted with the education loan application include:

  • Admission confirmation letters and papers validating any scholarships the applicant has qualified for.
  • Schedule of expenses for the course including tuition fees and other expenses.
  • Score sheet of qualifying test(s).
  • Copies of foreign exchange permit/student visa for overseas studies.
  • Bank account statements for last 6 months. (Can be a joint account with parent/guardian)
  • Statement of assets and liabilities of borrower.
  • Proof of age
  • Proof of residence
  • 2 passport size photographs
  • Documents related to collateral required for education loans exceeding $50,000

Education loans can be used for paying:

  • Tuition fees and hostel expenses
  • Exam, library, and lab fees if applicable
  • Any refundable caution deposits paid to the educational institute
  • Cost of books, uniforms, and other essentials for completion of course
  • Travel expenses (return fare for international flights.

The average tenure for an education loan is between 5-7 years in case of most lenders. However, some lenders can offer a longer tenure of up to 15 years in case of higher loan amounts.

Each student is given some time by the bank before the repayment tenure starts. This is the time granted by the lender before the repayment begins is referred to as the holiday period. It is usually either 6 months to 1 year after the successful completion of the course, or the time it takes the borrower to start working at a job, whichever is earlier.

If there is a break in the course or the borrower chooses a sabbatical, it is entirely up to lending bank’s discretion on whether to add a few months to the holiday period.

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Now apply for an Education Loan online, All you need to do is provide your details below and a loans officer will get back to you.



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