Compare IDFC First Bank and Avanse Student Loans | GyanDhan
IDFC First Bank is a private bank, while Avanse operates as an NBFC, and both are regulated by the Reserve Bank of India. In an IDFC First Bank vs Avanse education loan comparison, the main difference lies in how they structure eligibility and benefits. IDFC First Bank vs Avanse loan eligibility differs because IDFC First Bank classifies applicants into Platinum, Titanium, and Gold categories, with each band carrying its own interest rate and set of advantages, along with the added benefit of Section 80E tax savings. Avanse, on the other hand, evaluates loans on the basis of the course, making a clear distinction between STEM and non-STEM programs. Both lenders are open to students with up to five backlogs, but for a Master’s in STEM or management, IDFC First Bank requires applicants to pick institutions from its approved college list.
This is a companion discussion topic for the original entry at https://www.gyandhan.com/blogs/idfc-first-bank-vs-avanse-education-loan