About Eduvanz- Quick education loans
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,...
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 15,000 to 10,00,000 INR instantly to begin your learning journey. Our loan process is 100% online, making sure your time, and effort are kept to the minimum.
With minimum documentation and quick disbursals, we ensure you enjoy access to quality courses from our 1000+ educational partners and merchants across India.
Don’t wait! Hit the install button to start the process today.
Interest Rates – 0% - 36% p.a
Tenure – 3 months - 84 months
Annual Percentage Range – 0% to 70%
Processing Fees – 0% - 5% excluding govt charges
Why Eduvanz:
Get Instant Approval: Know your approval status in seconds
100% Online Process: Submit your application form via mobile app or website
Student-Friendly: Low-cost loans + flexible tenures + no hidden charges
Our 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 merchant: INR 90,000
EMI: INR 8,333.33 (To be rounded upto nearest whole number)
Total Interest Amount: INR 10,000
APR (IRR Method) – 22.10%
Total Repayment Amount (excl. processing fee) : INR 100,000
Low-Cost EMI
Loan 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
Queries
Mail:
[email protected]
Phone: 022-4973 3624 / 022-4973 3674
Connect with us at
Facebook: https://www.facebook.com/EduvanzFinance/
Twitter: @Eduvanz_Finance
LinkedIn: https://www.linkedin.com/company/eduvanz/
Instagram: https://www.instagram.com/eduvanz_finance/
Previous Versions
Here you can find the changelog of Eduvanz- Quick education loans since it was posted on our website on 2020-10-19 08:17:48.
The latest version is 11.0.9.2 and it was updated on 2024-04-26 22:38:35. See below the changes in each version.
Eduvanz- Quick education loans version 11.0.9.2
Updated At: 2024-04-15
Eduvanz- Quick education loans version 11.0.9.1
Updated At: 2023-12-08
Changes: Fine Tuning
Eduvanz- Quick education loans version 9.0.9
Updated At: 2021-09-14
Changes: Bug Fix
Eduvanz- Quick education loans version 9.0.7
Updated At: 2021-07-06
Changes: Have updated user journey and UI fixes.
