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Axis Bank Education loan Updates

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Education Loan India | Student Loans |Study Loan - Axis Bank. As directed by the Reserve Bank of India, from time to time through its circulars, the Bank has adopted modified Fair Practice Code for Lenders as approved by the Board of Directors. The salient features of the same are: 1. Applications for Education Loan In the education loan application form, the Bank shall provide comprehensive information including information about fees and charges, if any, payable for processing and amount of such fees refundable in case of non-acceptance of application, prepayment options and other matter which affects the interest of the borrowers, of all categories of loans, irrespective of the amount of education loan sought by them. 2.

Processing The Bank shall provide acknowledgement for receipt of all education loan applications indicating the time frame within which the application will be disposed of. The Bank shall verify the education loan application and if additional details / documents are required, these will be sought from the applicant. 3. A. B. C. D. Axis Bank Education Loan in India. Axis Bank Education Loan in India – Axis Bank’s Education Loan objects to deliver the much desirable monetary funding to eligible candidates for seeking higher professional or technical education in India. The education loan would be provided to those candidates who have acquired admission to career-oriented courses e.g. medicine, engineering, management etc., either at the graduate or post-graduate level.

People believe given the right tools and aid every child has the prospective to be prosperous. Our education loans aim to be the very tool that will empower them to spread their goals in life. No more would a commendable candidate have to give away their pursuit of imaginings due to lack of money. Our student loans will confirm that well-intentioned students are sanctioned to take their fortune in to their own hands. Our endeavor is to help the upcoming of our nation in education and prosperity. Important Notifications Axis Bank Education Loan in India Salient Features Quantum of Loan. Axis Bank Education Loan EMI Calculator Online | loans n Insurances. Axis Bank Education Loan - Interest, Documents, Eligibility.

The goal of the Axis Bank Educational loan is to provide the much required financial assistance to the deserving students who wish to pursue higher professional or technical education in India as well as abroad. Eligibility criteria • Lender should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test/ Merit Based Selection process after completion of HSC(10 plus 2 or equivalent)/higher qualification. • No Eligibility criteria is confirmed as of yet since every application is accessed and approved on case to case basis. Approved courses for study in India/ Abroad • Almost all career oriented courses are covered on the education loan criteria. Again the approval of educational loan is decided by the directors on case to case basis. Documents required Expenses included for Loan • The loan would include tuition fees, hostel charges (if applicable), cost of books, etc.

Interest Rates Applicable fees. Axis Bank Education Loan - Student Loan in India. Axis Bank Education Loan Scheme Axis Bank's Study Power aims to provide financial support to deserving students for pursuing higher professional or technical education in India and abroad. The loan would be provided to students who have obtained admission to career-oriented courses eg, medicine, engineering, management etc., either at the graduate or post-graduate level. Quantum of Loan The quantum of finance under the scheme is capped at Rs 7.5 lacs for studies in India and Rs 15 lacs for studies abroad, which would cover tuition fees, hostel charges (if any), cost of books, etc.

The minimum amount of loan would be Rs 50,000. Margin No margin for loans upto Rs 4 lacs. Rate of interest Interest rates linked to PLR. Role of the Guardian The parent(s) or guardian of the student would be treated as a co-applicant of the loan. Security Third party guarantee and/or collateral security may be asked for in appropriate cases. Additional Security Disbursement Penalty for early closure Nil. ii) Processing.