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Axis Bank Education Loan for studies both in India and abroad

Axis Bank provides Education Loans for students who wish to pursue career-oriented courses such as medicine, engineering, management, etc. either at the graduate or post-graduate level, in India or abroad.

Axis Bank brings you Education Loans for studies both in India and abroad starting from Rs. 50,000 at attractive interest rates. With an Axis Bank Education Loan you can enjoy a host of benefits such as simple documentation, quick loan disbursal, tax benefit u/s 80(E), long repayment tenure, etc. Find out more about the features and benefits of Student Loan in India, below.

Features and Benefits

  • Minimum – Rs. 50,000
    The loan will cover tuition fees, hostel charges (if any), cost of books, etc.
  • Get Repo Rate linked Interest Rates
  • Get Sanction letter before admission based on your profile
  • No margin on education loans upto Rs. 4,00,000
    5% margin on education loans above Rs. 4,00,000 for studies within India
    15% margin on education loans above Rs. 4,00,000 for studies overseas
    Avail education loans for a variety of courses
  • Education Loans are given to worthy students who have obtained admission to career-oriented courses like medicine, engineering, management, etc. either at the graduate or post-graduate level.
  • Within 15 working days from the date of receipt of the complete education loan application along with all documents required by the bank for a proper appraisal.
    The parent(s) or guardian will be treated as a co-applicant on the education loan and his or her role would be that of the primary debtor.
  • Third party guarantee and/or collateral security may be asked for appropriate cases
  • Additional security in the form of an LIC Policy in favour of the Bank with the sum assured being at least 100% of the education loan amount may be required
    Annual premium for the same may be included while computing the education loan requirement and future income of the student needs to be assigned in favour of the Bank to meet instalment obligations
  • Tangible collateral security of suitable value acceptable to bank may be required along with the assignment of future income of the student for payment of installments
  • Education Loan will be disbursed in full or in suitable instalments 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.

Sub-Variants

PRIME ABROAD

  • Education Loan for full-time Premier Courses Abroad
  • Unsecured Loan upto 40Lakhs*
  • Door-Step Service
  • Multi-currency Forex Card
  • Loan Tenure upto 15 yrs

PRIME DOMESTIC

  • Education Loan for selected leading full-time courses in India
  • Unsecured Loan upto 40Lakhs*
  • Door-Step Service
  • Loan Tenure upto 15 yrs

GRE based Funding

  • Unsecured Loan for Abroad universities on the basis of GRE score
  • Moratorium during course period
  • Loan tenure upto 10 yrs

Income based Funding

  • Unsecured loan upto Rs. 40Lakhs* based on co-applicant Income
  • All full-time abroad & domestic courses
  • Loan tenure upto 10 yrs

Loan for Higher Study

  • Education loan for pursuing higher education in India or abroad
  • No Collateral security upto 7.5Lakhs
  • No Pre-closure Charges
  • Door-Step Service

Loan for Working Professionals

  • Unsecured Loan upto 20Lakhs to working professionals
  • No co-applicant
  • Loan repayment tenure upto 10yrs

BALANCE TRANSFER

  • Switch your existing high cost Education Loan & reduce your monthly EMI
  • No Pre-closure Charges
  • Door-Step Service

For more details and apply for loan you can visit Axit Bank official website or visit their nearest branch.

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