Axis Bank Educational Loan

Interest Rate starts from 15.50%
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Educational Loan From Axis Bank

A quality and higher education always lays foundation for a better professional as well as personal life. When the quality education comes only at a cost, a loan can help you reach new horizons. ApnaLoanBazaar helps you simplifying the process of Education Loan with less paper work and expert guidance & support till the loan closure.
Interest Rate starts from
15.5 * %
Processing Fee
Nill
Loan Tenure
Upto 7 Years
Guarantor Requirement
Yes
Part-Payment
Allowed
Pre-Closure Charges
Nil

About Axis Bank

Axis Bank Limited provides a suite of corporate and retail banking products. The Bank operates through four segments: Treasury, Retail Banking, Corporate/Wholesale Banking and Other Banking Business. Its Treasury operations include investments in sovereign and corporate debt, equity and mutual funds, trading operations, derivative trading and foreign exchange operations on the proprietary account and for customers. Its Retail Banking constitutes lending to individuals/small businesses and activities include liability products, card services, Internet banking, mobile banking and financial advisory services among others. Its Corporate/Wholesale Banking includes corporate relationships not included under Retail Banking, corporate advisory services, placements and syndication, project appraisals, capital market related services and cash management services. Its Other Banking Business includes para banking activities, such as third-party product distribution and other banking transactions.

Highlights

Interest Rate (Monthly reducing balance): 13.00% to 19.00%
Processing Fees: 0.5% to 2.5% of Loan Amount
Loan Tenure: 1 year to 5 years
Pre-closure Charges: 4% of pre-closed amount
Guarantor Requirement: No guarantor required
Minimum income required: Rs.12,000 per month
Why Education Loan from ApnaLoanBazaar?
  • Exclusive and Leading retail finance services website in India
  • Compare and analyze the best loansuitable for your needs
  • Flexible loan tenure from 5 years to 30 years
  • Starts from ₹5,00,000
  • Max Loan upto ₹10,00,00,000
  • Choose loan offers from Industry Home Loan Leaders at one place
  • You can choose the low cost home loan as per your requirement (More Savings)
  • Various EMI Calculators and amortization tables to understand your loan repayment amount.
  • Quick and Easy Process
  • Online application with less paper work
  • Nil Charges for pre-closure of Loan amount
  • Expert advise on Loan documentation
  • Expert guidance on property Legal and technical verification by the lending institution
  • Age Limits – 21-60 years
  • Repayment through ECS/Auto-debits/PDC
  • We support until the loan Closure

Required Documentation For Educational Loans

  • Signed Application form
  • Two Passport Size Photos - Applicant and Co-Applicant
  • Photo ID - Applicant and Co-Applicant (Any one of the following)
  • Residence Proof - Applicant and Co-Applicant (Any one of the following)
  • Academic Documents of Student/div>
  • Proof Of Admission (If available)
  • Last 8 Months Bank Statements of Co-Applicant
  • Income Proof of Co-Applicant
  • Accepted Collateral documents

Photo ID - Applicant And Co-Applicant

  • PAN Card
  • Passport
  • Driving License
  • Voters ID
  • Employee ID
  • Photo ID issued by the Central Govt. or State Govt.
  • Bankers Verification/ Bank Passbook with photograph of account holder attested by bank

Residence Proof - Applicant And Co-Applicant

  • Passport With Address
  • Bank Statement With Address
  • Driver's License with Address
  • Utility Bill (Not older than 3 months))
  • Telephone Bill (Not older than 3 months)
  • Ration card
  • Latest LIC Premium Receipt (Not older than 3 months)
  • Leave and License Agreement supported with an address proof / utility bill in the name of the landlord
  • Voter's ID

Academic Documents Of Student

  • Marks sheet/Certificate of 12th Exam
  • Marks sheet/Certificate of Subsequent Years of Education e.g. BE, BCom, BSc, etc.
  • Marks sheet of Any Entrance Exam Taken e.g. CAT, CET, etc. (If applicable)
  • GRE/GMAT/TOFEL/LETS, etc Mark sheets For US Applicant
  • Scholarship Documents (if applicable)

Proof Of Admission

  • Printed Admission Letter From the Institute on its Letterhead With Institute's Address
  • I-20 Form for the USA Applicant (If any)
  • 8 Months Bank Statements of Co-Applicant (If more than one bank account, provide copies of all)
  • Note: Make sure to include the bank statements of the Bank Account where Salary or Business or Professional receipts are credited every month.


Income Proof Of (In Case Of Salaried Employee All The Following)

  • Latest 3 Salary Slips or Salary Certificate on Employer's Letterhead
  • Last 2 year's Form 16 from Employer or Last 2 Year's Income Tax Returns
  • Any Other Income Proof That is Not Reflected in the Above Documents

Income Proof Of (In Case Of Self Employed Or Professional All The Following)

  • Last 2 Year's Income Tax Returns
  • Last 2 Year's Certified Financial Statements or Provisional Financial Statements

Income Proof Of (Duly Certified By CA)

  • Proof Of Office (any one of the following, Lease Deed, Utility Bill, Title Deed, etc.)
  • Any Other Income Proof That is Not Reflected in the Above Documents

Collateral Documentation

  • Property Title Deed
  • Registered Sale Agreement Along With Society Share Certificate
  • Original Registration receipt for the above agreement
  • Allotment Letter By Municipal Corporation / Authorized Govt, Commencement Certificate from Municipal Corporation/Council.
  • 15 years or 30 years of Title Search (Previous Chain of Sale Deed establishing title) of the property.
  • Any other document as prescribed by our empanelled lawyers or chartered engineers from time to time

Educational Loan Can Be Used For Many Purposes Like Below

Higher Studies

For IIMs, IITs and ISB

For PG Diploma

Foreign Education

To Join in B Pharmacy or M Pharmacy

To Join in B.Tech or M Tech

University Education

Domestic (Indian) Education

About Educational Loans
Loan Eligibility
Guarantor/Co-Borrower Requirements
Basics Of Educational Loans
Repayment Of Educational Loans
Expert Advice