Eduvanz- Quick education loans 11.0.8.7

About this app

Need a loan to pursue a course or to purchase a device/vehicle to facilitate earning? Eduvanz Financing Pvt. Ltd. is an RBI-licensed and regulated NBFC and fintech platform trusted by millions of learners for education, vocation, and ancillary finance-related needs.

Get a quick loan between INR 15,000 to 10,00,000 instantly to begin your learning journey. The loan process is 100% online, ensuring minimal time and effort on your part.

With minimum documentation and quick disbursals, Eduvanz offers access to quality courses from its 1000+ educational partners and merchants across India.

Interest Rates: 0% - 36% p.a.

Tenure: 3 months - 84 months

Annual Percentage Range: 0% to 70%

Processing Fees: 0% - 5% excluding government charges

Why Choose Eduvanz?

• Get Instant Approval: Know your approval status in seconds
• 100% Online Process: Submit your application form via the mobile app or website
• Student-Friendly: Low-cost loans + flexible tenures + no hidden charges

Lending Partners:

• SMFG India Credit Company Ltd. (Formerly Fullerton India Credit Company Ltd.)
• Aditya Birla Finance Limited
• Piramal Finance

Types of Offerings:

• No-cost and Low-cost end-use defined EMIs for Education (K-12, Test Prep, Degree)/ Skilling fee financing segments with tenures up to 84 months for loan amount up to INR 10,00,000
• No-Cost and Low-cost end-use defined EMIs for learning devices and other ancillary needs such as hostels, travel, accommodation with tenures up to 24 months for loan amount up to INR 3,00,000

Example:

No-Cost EMI:

• Loan Amount/Product Value: INR 100,000
• Tenure: 12 Months
• Interest Rate Paid by Borrower: 0%
• Interest Rate Paid by Merchant: 19.91%
• Processing Fee: INR 1,180 (1% of Loan Amount + 18% GST)
• Amount Disbursed to the merchant: INR 90,000
• EMI: INR 8,333.33 (To be rounded up to the nearest whole number)
• Total Interest Amount: INR 10,000
• APR (IRR Method): 22.10%
• Total Repayment Amount (excl. processing fee): INR 100,000

No-Cost EMI:

• </brLoan Amount: INR 90,000
  
  Tenure: 12 Months
  
  Interest Rate Paid by Borrower: 19.91%
  
  Interest Rate Paid by Merchant: 0%
  
  Processing Fee: INR 1,062 (1% of Loan Amount + 18% GST)
  
  Amount Disbursed: INR 90,000
  
  EMI: INR 8,333.33 (To be rounded upto nearest whole number)
  
  Total Interest Amount: INR 10,000
  
  APR (IRR Method): 21.88%
  
  Total Repayment Amount (excl. processing fee): INR 100,000

Top Features:

• • Over hundreds of verified training partners
  • Select from the best in-demand skills
  • Easy and convenient loans starting at no-cost EMI

Eligibility

• • Citizen of India
  • Must be above 18 years old
  • Steady monthly Income
  • Must Satisfy KYC norms as per the Reserve Bank of India guidelines

Steps to avail a loan

• • Install the Eduvanz app
  • Sign up using your basic details (Mobile Number, Name, E-mail ID)
  • Fill basic information
  • Upload required documentation

SUPPORT CONTACT INFORMATION:

• Email: [email protected]  Phone: 022-4973  3624/022-4973 3674   Connect with us at  Facebook  ,   Twitter   ,   LinkedIn   , Instagram