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Avanse Education Loan

This document is a sanction letter for a loan from Avanse for students attending Hanson College in Canada for the years 2023-2025. The loan offers a maximum amount of up to 30 lacs with an interest rate of 11.50% for EMI and no collateral required. Additional details include the requirement of a financial co-borrower and various conditions affecting the loan terms.

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207 views1 page

Avanse Education Loan

This document is a sanction letter for a loan from Avanse for students attending Hanson College in Canada for the years 2023-2025. The loan offers a maximum amount of up to 30 lacs with an interest rate of 11.50% for EMI and no collateral required. Additional details include the requirement of a financial co-borrower and various conditions affecting the loan terms.

Uploaded by

9463684355
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Sanction Letter

Terms Details
Institute HANSON COLLEGE
Locations/Campus CANADA

Course(s) HHRP

Applicable Year/s 2023 – 2025

Max Loan Amount Unsecured: upto 30 lacs


Margin Money Required No
Repayment Mode EM
I SI
PSI
Costs Covered Tuition, Fees, Travel, Laptop, etc

Product Tenure 10 years max


Rate Of Interest EMI – 11.50%
SI – 11.50%
PSI – 11.75%
Processing Fee 1% + tax
Co-borrower Relationships Financial co-borrower (Parents / Siblings) as co-applicant with self-
owned residence Co-borrowers income as per FOIR policy

Insurance Cover Yes


Collateral Security Type No collateral required
Co-Borrower Locations NEW DELHI
Co-Borrower's Occupation Salaried/SEP/SENP*
Documentation Standard
Pre-payment/Foreclosure Nil
Charges
Contact Details Shreeram Parab – Assistant Sales
Manager Contact Number –
9814684466

Additional Details *SENP1.25% extra RoI

*Criteria’s like past academics of the student, income of the co-application, CIBIL records for the co-applicant to be
taken into consideration which may lead to different rates.
* Terms and Conditions apply - Loan Sanction is at the sole discretion of Avanse
* Offer valid if acceptance is received by 08-Aug-2023

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