Help Fund your Study Abroad Education with Nomad Credit and Avanse Financial Services

Nomad Credit prides itself on making study abroad a pain-free process by helping international students find education loan options that best benefit them. The education loan process can be confusing for many, as it’s difficult to understand if a cosigner or collateral is needed for your specific journey. To combat these issues, Nomad Credit has partnered with Avanse Financial Services to help students find the best loan options for their unique needs. Don’t let financing hold you back from pursuing your dreams of studying abroad. Let Nomad Credit and Avanse help you find the best loan options!

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How Does an Avanse Education Loan Benefit Me?

Quality Help from A Trusted Leader in the Industry

  • Avanse has helped 400,000++ study abroad students realize their academic aspirations in 4,000+ institutions across 50+ countries
  • Financial solutions provided can cover up to 100% of your cost of education

Loan Assistance Catered to Your Specific Study Abroad Journey

  • Avanse offers education loans without collateral and with collateral, depending on your student loan requirements.
  • If you need help with your education loan, Avanse will send an executive to help you get through the paperwork

Straightforward Process with No Hassle

  • With a fast-track student loan application, you can get the funds within 3 working days
  • You decide how and when you’d like to pay your loan back – You don’t have to make any payments until after you complete your course or secure employment

Free Assistance from Nomad Credit

  • Nomad Credit will assist you in your entire loan process completely free of charge
How It Works 50

Avanse Education Loan Features At a Glance

Loan Amount100% COA
Interest Rate10.75% onwards
Interest Rate TypeFloating
Minimum IncomeNot Required
RepaymentOptions for partial or full interest payments or EMI during the course, EMI afterward – 6 month grace period after graduation or 3 months from the time you secure your first job
(Grace Period up to 12 months as applicable)
Processing Feesaround 1-2% of your total loan amount
Other ChargesNo upfront charges
Margin Money0
Loan TenureUp to 15 years
Processing TimeAs quick as 3 days
Repayment PenaltyNo Penalty


Admission Hero City Large

Am I Eligible for an Avanse Financial Services Education Loan?

Please complete our loan option search to see if you may be eligible!

Students can apply if they:

  • Are Indian citizens who are 18 or older
  • Have a confirmed admission before the final disbursal
  • Have a co-borrower who earns in India


Co-borrowers also need to meet the following criteria:

  • Must be an Indian citizen and should be a parent, legal guardian, sibling or other blood relative
  • Must have a bank account in India that allows them to sign checks
  • Must be the primary debtor


Students can apply for a study abroad education loan for graduate or post-graduate courses or other job-oriented professional or technical courses. The courses and the institute offering them must be approved by Avanse.

Prodigy Interest Rate

Interest Rate

10.75% onwards

Prodigy Processing Fees

Processing Fees

around 1-2% of your total loan amount

Prodigy Loan Margin

Margin Money


Why Choose Prodigy

What Are My Next Steps?

  1. Get started by registering your interest and telling us more about your study plans. Nomad Credit will help you get everything ready so that applying for funding is effortless.
  2. Send us the required documents needed to process your loan option and Nomad will organize and send your file to Avanse
  3. A Nomad Education Loan Manager will provide you updates of when your loan is successfully logged in and sanctioned
  4. Pay any necessary sanction fees and await disbursement
  5. Study first, pay later with Avanse’s flexible repayment options.
Prodigy Doc Reqs

What Documents Do I Need?

There are quite a few documents that are required to process your Avanse education loan. To ensure a speedy process, it’s best to prepare all your documents early on.

To complete your application for an Avanse education loan, you will have to provide the following documents:

  1. Application Form
  2. Student KYC and educational documents
  3. Details regarding the course and fees
  4. Co-borrower KYC and income details
  5. Collateral documents (As applicable)

Here are the list of documents required by Avanse Financial Services for their study abroad education loans:

DocumentsApplicantCo-ApplicantAdditional Co-ApplicantGuarantor
2 Colour Passport-sized PhotosXXXX
Residence ProofXXXX
Date of Birth ProofXXXX
Signature VerificationXXXX
Academic DocumentsX   
Proof of AdmissionX   
Fee StructureX   
Income Proof XXX
Collateral Documents XXX
8-month Bank Statement XX 
Relationship Proof XX 
Frequently Asked Questions Section

Frequently Asked Questions

Please see some of Avanse’s FAQ’s below. For a full list of FAQ’s, please visit here

Terms and conditions

To see Avanse Financial Services LTD’s full terms and conditions, please visit click here.