I need immediate reviews from anyone who has opted for AVANSE FINANCE for non-collateral loan, and have repaid the loan

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Monami Bhuyan · Answer

DO NOT TAKE A LOAN FROM AVANSE
I repeat! Do not take a loan from Avanse. It has been a living nightmare for me! I took a loan from Avanse through WeMakeScholars. Since I am from a background with limited finances, I took the risk of taking a loan with a non collateral to pursue my MS in USA. (In hindsight though, it wasn't necessary,because I have a TA which ie enough to live decently albeit frugally). As mentioned by other reviewers, their pre disimbursement stage is pretty fast. But as soon as that is done, it's completely downhill from there. I wish I could share the trail of emails that I have sent them over a period of more than 6 months, just to retrieve basic information, like the insurance details. They also would increase your interest rates without previous intimation. I sent multiple emails to them asking for justification about the same (right up to the Grievance Redressal Officer), however till date I haven't received any response. I plan to take it up to the NBFC Ombudsman. My manager wouldn't respond to my emails or my personal messages whenever I have a query of any sort. I feel like Avanse is a fraud and a nefarious financial institution. I strongly advise that if you indeed need a loan, you should look for more credible options and do your research very very well. The bottom line is that I would 100% not recommend Avanse to anyone who isn't my enemy!

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