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Eduvanz Financing Pvt. Ltd.

Lollipop

Eduvanz is an application that provides quick education loans to individuals seeking financial assistance for their educational pursuits. This platform aims to facilitate access to funds for a variety of educational needs, including courses, vocational training, and the purchase of devices or vehicles that can aid in learning. Available for the Android platform, users can easily download Eduvanz to initiate their loan application process efficiently.

The primary function of the Eduvanz app is to offer loans ranging from 15,000 to 10,00,000 INR, enabling users to start their educational journey without financial constraints. The application process is entirely online, allowing for a streamlined experience that minimizes the time and effort required to secure funding. With a focus on accessibility, the app features a quick approval system, where users can know their approval status within seconds after submitting their application.

Users begin by signing up with basic information, including their mobile number, name, and email ID. Following this, they are required to fill out essential information and upload the necessary documentation to complete their loan application. The platform is designed to require minimal documentation, making it user-friendly for those who may not have extensive financial records readily available.

Eduvanz offers a flexible range of interest rates, which can vary between 0% to 36% per annum, depending on the specifics of the loan. The tenure for repayments is also adaptable, ranging from 3 months to 84 months, allowing borrowers to select a repayment plan that best fits their financial situation. The annual percentage rate can reach up to 70%, providing clarity on the cost of borrowing.

The app emphasizes transparency with its processing fees, which can range from 0% to 5%, excluding government charges. This clear breakdown of costs helps users make informed decisions regarding their loans. For example, a loan amount of INR 90,000 with a tenure of 12 months and an interest rate of 19.91% results in an EMI of approximately INR 8,333.33. Borrowers can also expect a total interest amount of INR 10,000 and an APR calculated at 21.88%.

Eduvanz is particularly beneficial for those pursuing education in various sectors, offering loans for K-12, test preparation, degree courses, and skills training. In addition to educational financing, the platform supports ancillary needs such as loans for learning devices, travel, and accommodation, with specific terms for these loans extending up to 24 months for amounts up to INR 3,00,000.

A distinct feature of the Eduvanz app is its partnership with over 1000 verified educational institutions and merchants across India. This extensive network allows users to select from a wide range of quality courses and training programs, ensuring that they can find suitable options that align with their career aspirations. Eduvanz’s collaboration with reputable lending partners, including SMFG India Credit Company Ltd., Aditya Birla Finance Limited, and Piramal Finance, further enhances its credibility and reliability in providing financial support.

Eligibility criteria for potential borrowers are straightforward. Applicants must be citizens of India, at least 18 years old, possess a steady monthly income, and satisfy the Know Your Customer (KYC) norms as per the guidelines set by the Reserve Bank of India. This ensures that the loans are accessible to a broad audience while maintaining necessary regulatory compliance.

The app's design prioritizes user experience, with an intuitive interface that guides users through the loan application process. Its student-friendly approach is evident in the low-cost loans, flexible tenures, and the absence of hidden charges, making it an attractive option for individuals seeking educational financing.

To start the process, users simply need to download Eduvanz, fill out the application form, and submit it via the mobile app or website. The quick approval and disbursal process is intended to provide users with timely access to funds, allowing them to concentrate on their studies without financial distractions.

With its focus on making education financing accessible and convenient, Eduvanz stands out as a valuable resource for learners across India. The app not only offers financial support but also connects users with a wide array of educational opportunities, ensuring that they can pursue their goals effectively. 

For additional inquiries or support, users can reach out to Eduvanz through their email at support@eduvanz.com or call their dedicated phone lines at 022-4973 3624 or 022-4973 3674. The app also maintains an active presence on social media platforms like Facebook, Twitter, LinkedIn, and Instagram, providing users with various channels for engagement and information.

Eduvanz- Quick education loans

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