Axis Bank Education Loan

 
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Axis Bank Education Loan
  2 out of 5 based on 2 Ratings.

     
 
About Axis Bank Education Loan
Here you will find Axis Bank Education Loan Interest Rates, its Eligibility and Repayment Process.

Quantum of Loan

The quantum of finance under the scheme is capped at Rs 10.00* lacs for studies in India and Rs 20.00* lacs for studies abroad, which would cover tuition fees, hostel charges (if any), cost of books, etc. The minimum amount of education loan would be Rs 50,000. *The Quantum of Loan can be Higher amounts above these caps subject to eligibility and cost, for case-to-case approval.

Margin

No margin for education loans upto Rs 4 lacs. For loans above Rs 4 lacs, 5% margin for studies within India and 15% for higher studies overseas.

Timeline for application decisioning

Bank will convey its decision within 15 working days from the date of receipt of the application provided the application is complete in all respects. The computation of 15 days shall starts from the day on which all documents required for a proper appraisal of the application are provided by the Customer to bank.

Role of the Guardian:

The parent(s) or guardian of the student would be treated as a co-applicant of the student loan. His or her role would be, necessarily, like the primary debtor.

Security

Third party guarantee and/or collateral security may be asked for in appropriate cases.

Additional Security:

Assignment of LIC policy in favour of the Bank for the sum assured being at least 100% of the education loan amount. The policy is kept alive during the currency of the education loan. To ensure this, the annual premium may be included in the computation of the loan requirement, along with the tuition fees and other recurring charges. Further, the future income of the student needs to be assigned in favour of the Bank for meeting the installment obligations.

Disbursement:

The student loan will be disbursed in full or in suitable installments taking into account the requirement of funds and/or fee schedule as assessed by the Bank directly to the educational institution or vendor of books or equipment or instruments.



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Comment/ Reviews on Axis Bank Education Loan
Sire/ Madame I would like to get a educational loan I have applied in U S for BS kindly guide me for loan purpose
Posted By : Mohamed younus, on 13-06-2012 17:57:44 
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Dear madam/sir, iamcompleted b.sc.biotechnology i need tostudy higher study could youplease guideme thanks.......
Posted By : gowthami, on 24-05-2012 18:47:25 
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can u please mail me the interestr rates for education loan for studying abroad
Posted By : delwyn, on 27-04-2012 00:59:16 
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I want to take loan for my higher education in New Zeland
Posted By : Queen Elizabeth, on 21-04-2012 00:41:12 
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Helllo Sir/Madam.My Name is Mohammed Mohsin.I have finished with B.Com in the year of 2011.I am planning to do Higher Studies,as Higher education is the must,Today.I am planning to do MBA.The total fees for MBA is Rs.3 laks,for 2 years.As,I belong to a less financial stable family,I am unable to do MBA,by my family's sponsorship,being a huge amount too.Can,I get to know the procedure for applying loan,and is there any security required for it??How much minimum amount of loan,will the Bank provide???
Posted By : Mohammed Mohsin, on 14-04-2012 00:16:28 
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i want to take loan for my higher studies please send the information to me via mobile phone
Posted By : sankar, on 06-03-2012 18:35:21 
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i take loan for doing mba from pune/ banglore so send me the details rate of interest etc
Posted By : deepika, on 01-03-2012 12:36:42 
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i take loan for doing mba from pune/ banglore so send me the details rate of interest etc
Posted By : deepika, on 01-03-2012 12:36:26 
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i take loan for doing mba from pune/ banglore so send me the details rate of interest etc
Posted By : deepika, on 01-03-2012 12:36:14 
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i take loan for doing mba from pune/ banglore so send me the details rate of interest etc
Posted By : deepika, on 01-03-2012 12:35:58 
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Hello Need to take education loan from the bank for diploma course in business administration in abroad for one year which is job oriented course of 4lakhs. Let me know the details regarding this immediately as i have to join on 23rd of this month.
Posted By : Sharvani desiraju, on 13-01-2012 12:00:58 
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hi i got an offer letter for master in information technology in ATMC in Australia, so need 4 lakh loan ... need the details the docs which i need for applying... pls do call r mail me for further details thankyou.
Posted By : uma, on 01-11-2011 13:21:21 
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SIR, I'M A LPU'S STUDENT OF B.tech.I WANA 2 EDUCATION LOAN OF 4 LAC .so plz give me some advice.
Posted By : BALRAM KUMAR, on 13-08-2011 19:51:51 
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i want loan for grad. diploma ....i got offer letter from new zealand college...it is job oriented course....plz rep.
Posted By : naval mahajan, on 10-08-2011 19:53:45 
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m planning to go to newzleand and i want loan for diploma in tourism managment will u able to give loan...waiting for ur quick response..
Posted By : varun kumar rawtani, on 30-07-2011 14:21:09 
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m planning to go to newzleand and i want loan for diploma in tourism managment will u able to give loan...waiting for ur quick response..
Posted By : varun kumar rawtani, on 30-07-2011 14:20:12 
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m planning to go to newzleand and i want loan for diploma in tourism managment will u able to give loan...waiting for ur quick response..
Posted By : varun kumar rawtani, on 30-07-2011 14:20:11 
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for diploma course can i get the loan?
Posted By : sonai, on 08-07-2011 10:59:35 
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rates of education loan in india,for sc/st girls
Posted By : praseep kumar nonia, on 05-07-2011 15:54:47 
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I am planing to go abrod for MBA Programme, I need 7.5 lakhs as loan, so what is the formality & tearms and condition ?
Posted By : Abhishek Sharma, on 26-06-2011 21:22:40 
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i want to know about interest rate for education loan
Posted By : SANDIP THITE, on 10-05-2011 15:47:37 
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i need to get 5 lakhs of loan for abroad studies. i AM PLANNING FOR ABROAD TO STUDY FOR DIPLOMA COURSES. I WANT TO KNOW ABOUT ALL THE CRITERIA/CONDITIONS FOR DIPLOMAS STUDY LOAN FOR ABROAD.the course is DIPLOMA IN HOTEL&TOURISM MANAGEMENT i got the admission by merit and i need to join on 6th of april 2011.so replay me as soon as possible
Posted By : kavitha, on 25-03-2011 15:49:34 
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I HV SECURED ADMISSION IN UK, UNIVERSITY OF WALES. I URGENTLY WANT AN EDUCATION LOAN, I HAV ALL THE DOCUMENTS AS PER REQUIRED ALONG WITH COLLATEREAL SECURITY. PLZ CONTCT ME.
Posted By : RISHI MUKHERJEE, on 18-02-2011 07:54:34 
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I want the detail infoemation about the Educatiolan Loan.I have secured admission in Uk (University of salford.).Please revert.
Posted By : Nilesh Chavan, on 07-02-2011 02:59:01 
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