What is Edvoy Funds? What are the types of funds provided? 

Edvoy Funds connects you with 10+ financial institutions to provide pre-approved education loans in 48 hours. The application is 100% digital and you get loans with interest rates starting from 9.25%.

To qualify for an education loan, you must secure admission into a recognised institution abroad, maintain a good academic record, and demonstrate the ability to repay the loan after completing your education.

The types of loans include:

1. Secured loans

• Requires property or FD
• Lower interest rates
• Higher processing time depending on the collateral value provided (10-15 days)

2. Unsecured loans

• Requires property or FD
• Lower interest rates
• Higher processing time (2-3 working days)
• The maximum amount varies but can be significant, often up to the full cost of education and living expenses
• Documents required include your identification (passport, national ID), academic transcripts, admission letter, bank statements, and proof of income
• Co-applicants need to provide similar identification and financial documents

3. No co-signer loans

• Based on academic profile
• Co-signer not required
• Higher interest rates