A detailed guide about the education loan from NBFCs. What are NBFCs?, their examples and features,advantages and disadvantages of borrowing from NBFCs and a lot more valuable information.

1. Education Loans for
Study Abroad from
NBFCs

2. Types of Education Loans
There are two main types of education loans - secured and unsecured loans.
1. Secured Loan- A secured loan means a loan that is backed or 'secured' by an asset or
security.
2. Unsecured Loan- Unsecured loan means a loan offered by financial institutions
without any security or collateral.
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3. What are NBFCs?
❏ Non-Banking Financial Companies (NBFCs) are private financial institutes that
offer banking services such as loans and credit facilities. They, however, do not have
a banking licence
❏ In addition to providing loans and credit facilities, they also offer services such as
currency exchange, money markets, merger activities, underwriting, and retirement
planning.
❏ Since NBFCs are private institutions, they have fewer regulations and have more
flexibility with their customers.

4. Here is a short video on - Why NBFCs
charge higher ROI than Banks?

5. Examples of NBFCs
1. Avanse - Warburg Pincus, a leading global private equity firm holds 80% of equity
stake in Avanse. Avanse offers custom made loans such as pre-visa loans and pre-
admission loans.
2. InCred - It is a Mumbai based NBFC which is in existence since 2016. InCred
offers education loans to study in India as well as for higher education abroad.
3. Auxilo - It was established in 2017. Auxilo is the latest NBFC firm to come into
existence and specialises in educational loans for studying both in India and
abroad.

6. NBFCs And Their Features
Features Avanse InCred Auxilo
Rate of
Interest
11.5 % 12 % 12.7 %
Type of ROI
Floating Floating Floating
Minimum
Loan
Amount
100,000 200,000 100,000

7. NBFCs And Their Features
Features Avanse InCred Auxilo
Maximum
Loan
Amount
No limit 1,00,00,000 No limit
Loan Tenure
10 years 15 years 10 years
Processing
Fee
1% of the loan
amount
1% of the loan
amount
1% of the loan
amount

8. Here is a short video on - Benefits of
Education Loans from NBFCs

9. Advantages of Borrowing from
NBFCs
❏ The greatest advantage of borrowing from an NBFC is that it encompasses a wider
range of education institutions and courses worldwide, as opposed to banks that
limit their loan offers based on course and destination.
❏ Having fewer regulations than a bank, the lending process of an NBFC is much
more flexible. They are often much quicker to approve & disburse loans.
❏ Usually, NBFCs do not put a cap on the maximum amount an applicant can
borrow.They provide education loans based on the specifications of the course &
collateral value to suit the needs of the borrower.On the other hand, banks have an
upper limit on the amount that they can give a student.

10. Disadvantages of Borrowing
from NBFCs
❏ The interest rates of NBFCs are likely to be significantly higher than banks because
they raise their funds by borrowing to lend to the customer.
❏ NBFCs impose a penalty for pre-loan closure.
❏ There is no interest subsidy provided by the NBFCs.

11. GyanDhan and NBFCs
❏ GyanDhan has collaborated with several banks such as Axis Bank, State Bank of
India(SBI), Bank of Baroda, ICICI Bank and NBFCs such as Avanse, Auxilo, InCred
to ensure that financial assistance is not an obstacle in any student's dream of
studying abroad. It is in charge of the entire lending cycle.
❏ GyanDhan has helped hundreds of students. Even in time-critical cases to get
education loans from NBFCs.
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Admission Counselling

12. About GyanDhan
❏ GyanDhan is an education loan marketplace which aims to make higher
education accessible for every aspiring student, irrespective of their
financial background. We have partnered with chief financial institutions
from India and abroad. Helping students to secure the best education loan
for abroad with the least amount of hassle in a shorter period of time.
❏ GyanDhan was awarded by the US State Department at the Global
Entrepreneurship Summit 2017.

13. GyanDhan Tools
Estimate Future
Earnings
SOP Review
EMI Calculator
University
Compare
Admit Predictor
GyanDhan has various tools to help the students
evaluate their profile which are:-

14. GyanDhan has various useful links provided to help the students pursue their dream of
higher studies abroad;
❏ Education loans from NBFCs
❏ On- campus VS Off-Campus: What Accommodation Should Indian Students
Choose in the US?
❏ J.N Tata Endowment Scholarships
❏ K.C Mahindra Scholarships for Postgraduate Abroad Studies
❏ Canada Scholarships for Indian Students
❏ How is the TOEFL Score Calculated?
Other Useful Resources

15. Contact Us
❏ Address: 1st Floor, 262, Westend Marg, Saidulajab, Saket, New Delhi,
110030
❏ Website: www.gyandhan.com
❏ Call us at:
● For loan : 931 943 1090
Contact@gyandhan.com
To request a callback