Refinancing allows you to take another loan to repay your existing education loan. The new loan offers different interest rates and repayment terms, allowing you to lower your EMI payments and save more money!
If you think your current education loan EMIs are too high, you could benefit from
opting for refinance. You can choose education loan refinance if
You have recently taken a
loan to pursue your higher education abroad
You have completed your education and are about to start repaying or have just started repaying the loan
You are a working professional who is still repaying an education loan
If you’re worried that your monthly outgoings and education loan EMI amounts are getting out of hand, refinancing your loan can help. Our education loan experts will help you pay off your existing loan and set new terms for your refinanced one.
Get StartedWondering what sets us apart? When you refinance with us, you enjoy:
We offer student-friendly interest rates and long tenures, allowing you to reduce your monthly EMI amounts.
We update you at every stage of the process and present all our costs and conditions upfront.
Enjoy a 100% digital process and get your loan refinanced while you’re abroad without any hassles.
Repay your loan in dollars and save on remittance and forex conversion costs.
Before you sign on the dotted line, carefully evaluate the following
Your initial loan provider may charge a prepayment or foreclosure fee when you repay the loan early. When you partner with Avanse, you don’t have to worry about a penalty for repaying your loan early.
If you have a good credit score, you can use it to your advantage.
If you’re considering refinance, the earlier you start the process, the better for you and your finances.
As with all financial documents, make sure you carefully read all the terms and conditions. Do not agree to anything unless you understand it perfectly.