Welcome friends, today we will talk about How to get Axis Bank Education Loan, Eligibility, Interest Rate, EMI Calculator, Minimum Salary, Civil Score and more details that we read in this article please read till the last.
If you belong to Axis Bank student loan If you want to take advantage of this, then this article is for you . education loan one unsecured loan comes under the category of If an unemployed student is taking this loan, then he has to give the parent or guardian as a guarantor .
In this article, we will know in detail what is Axis Bank Education Loan, what is the interest rate , eligibility, documents of this loan and how can we get this loan. education loan etc. , so you can read this article till the end .
Axis Bank Education loan
Any student to meet the expenses related to his education Axis Bank Student Loan can take Like other banks it Axis Bank also at attractive interest rate to the customers Student Loan provides | of the applicant before giving the bank loan CIBIL Score also checks You can apply for Axis Bank Education Loan both online and offline . With Axis Bank , you can take education loan to study both in India and abroad . The minimum education loan that can be taken from Axis Bank is Rs.50,000 . Tax benefits are available on the loan under section 80( e) .
Under Axis Bank Education loan , student’s tuition fee , hostel fee , cost of books etc. have been included . Education loan can be taken according to the cost in different cases related to education . Axis Bank Education Loan interest rate varies depending on the loan amount applied by the applicant . The parent or guardian of the applicant student will be considered as a co – applicant in the loan .
Axis Bank Education Loan Key Feature:
- Loan Name: Axis Bank Education Loan
- Lender Name: Axis Bank
- Loan Amount : Starting from Rs.50,000
- Interest Rate: Varies depending on loan amount
- Loan Tenure: 15 Years
- Application Mode: Online / Offline
- Official Website: https://www.axisbank.com/
Axis Bank Education Loan Interest Rate 2024
Axis Bank Education Loan varies depending on the loan amount applied by the applicant . Just as personal loan before we take Personal loan interest rate 2023 It is important to have information about, in the same way , before taking education loan , we Education loan interest rate 2023 It is necessary to have information about You can understand the interest rate of Axis Bank Student Loan from the table given below:
| loan amount | repo rate | spread | Rate of interest |
| 4 lakh | 4.00% | 11.20% | 15.20% |
| 4 lakh to 75 lakh rupees | 4.00% | 10.70% | 14.70% |
| 75 lakhs plus | 4.00% | 9.70% | 13.70% |
Benefits and Features of Axis Bank Education Loan
- Any student can take education loan to meet the expenses related to his education .
- The loan amount under Axis Bank Student Loan starts from Rs.50,000 .
- Tax benefits under section 80(E) .
- The maximum loan tenure of this loan is 15 years .
- Based on your profile, you can get approved before admission .
- Axis Bank Student Loan is as follows:
- The maximum for unsecured loan is Rs 40 lakh .
- There is no loan upper limit for secured loans .
- The loan can have a parent or guardian of the student as a co-applicant who essentially plays a role in sanctioning the loan .
- 100% of the total cost of education can be financed under this loan .
- If your loan is approved, then the loan amount will be transferred to your bank account within 2 days .
- Before taking admission in the university, the student is given a pre-admission acceptance letter which can be used during admission or during the visa process .
- Axis Bank Education loan covers the student’s course fees as well as accommodation and travel expenses .
- No prepayment charges .
Axis Bank Education Loan Eligibility
All those students who fulfill all the conditions of this loan can apply for this loan . Following are the eligibility to apply for Axis Bank Student Loan :
- Applicant must be a citizen of India .
- The applicant must have secured at least 50% marks during HSC and graduation .
- , Engineering , Management etc. at the undergraduate or postgraduate level .
- Secured admission in India or abroad through entrance test / merit based selection process after completion of HSC ( 10+2) .
- It is mandatory for the applicant to provide documents showing regular income for the co-applicant (Parental/Sibling/Guarantor) .
- The age of the applicant and co-applicant should be 18 years or more .
Axis Bank Student Loan Documents Required
loan , you should keep all your documents together so that whenever the bank asks for documents from you, you can show them all the documents immediately . To apply for Axis Bank student loan , you must have the following documents which are different depending on the category :
Documents for Education Loan for Salaried Individuals:
- Income Statement (Salary Slip , Form 16, Income Tax Return for the last 2 years , and Computation of Income for the last 2 years certified by a Chartered Accountant )
- Bank statement/passbook for last 6 months
- Copy of Institute’s Admit Card along with ‘ Fee Schedule ‘
- Mark sheet and/or pass certificate of SSC , HSC , degree course , national level entrance examination
- Age Proof (Birth Certificate , Passport , Aadhar , PAN Card , Driving License)
- Address Proof (Aadhaar , Passport , Latest Electricity Bill , Latest Telephone Bill , Ration Card , Existing House Patta Agreement , Bank Account Details)
- Photo Identity Proof (Aadhaar , Voter ID , PAN Card , Passport , Driving License)
- Passport size photograph of applicant and co-applicants
- Guarantor Form (Optional)
Documents required for First Disbursement :
- demand letter from college or university
- Loan agreement signed by the applicant , co-applicants
- Acceptance letter signed by the applicant , co-applicants
- Receipts of margin money paid to college/university along with bank statement showing the transaction
- Documents for collateral security (if applicable)
- Disbursement request form signed by the applicant , co-applicants
- A2 signed by the applicant or co-applicants in case of foreign institution
Documents required for subsequent disbursement :
- demand letter from college or university
- Disbursement request form signed by the applicant , co-applicants
- Receipts of margin money paid to college/university along with bank statement showing the transaction
- Exam progress report , mark sheet , original certificate (any one)
- A2 signed by the applicant or co-applicants in case of foreign institution
How to apply for Axis Bank Education Loan ?
You can apply for this loan both online and offline . Information about both the process of applying is given below:
Axis Bank Education Loan Online Apply
- First of all you have to visit the official website of the bank axisbank.com But have to come
- On the home page of the website, the option of education loan will appear in the option of Products > Loans , click on it .
- after that Apply Online Click on this option will appear .
- Education loan application form will open in front of you .
- Enter the requested information in it and submit the form .
- After this the bank employees will contact you and the loan process will be issued further .
How to apply offline ?
- First of all you have to go to your nearest Axis Bank branch .
- You have to contact the bank employee by going to the bank branch .
- bank employee will provide you all the information related to the education loan .
- After that your documents will be verified .
- Then you will be given an application form .
- by clicking on this link Education Loan Application Form can download .
- Enter all the information asked in the form correctly , attach your documents and submit it to the bank .
- If your loan is approved then the loan amount will be transferred to your bank account .
Axis Bank Student loan EMI Calculator
Before applying for the loan, you should calculate the EMI (Equated Monthly Installment) of your loan so that you can get an idea of how much you will have to pay at the time of loan repayment . You can go to the official website of the bank Education Loan EMI Calculator With the help of this you can calculate the EMI (monthly installment) of your loan . The EMI of the loan depends on the loan amount , interest rate and tenure of the loan .
Education Loan Interest Subsidy Scheme
Interest Subsidy Scheme is being run by the Central Government . This scheme is for the students of the economically weaker section of the country . The benefit of Education Loan Subsidy Scheme is provided by Axis Bank . A scheme has been made by the Government of India , Ministry of Human Resource Development on 25 May 2010 to provide full interest subsidy during the Moratorium period . This education loan subsidy scheme is available to all students from Economically Weaker Sections (EWS) with education loan taken by their family whose annual family income is Rs 4.5 lakh or less .
Axis Bank Education Loan Subsidy Scheme are as follows:
- This scheme is eligible for the model educational loan scheme approved by IBA. For all students who fulfill the conditions .
- The benefit of this scheme can be availed only for studying in India and for education loan up to Rs.7.5 lakh .
- Interest subsidy will be given only once to the eligible student under this scheme .
- pursuing an undergraduate course or a postgraduate degree/diploma course in India The benefit of the Interest Subsidy Scheme can be taken .
- Students who close their course midway will not be given subsidy under this scheme .
- Interest will be paid by the Government of India during the moratorium period .
Axis Bank Education Loan Customer Care Number
- Customer Care Number : 1860 – 419 – 5555 / 1860 – 500- 5555
Conclusion:
In this article we have you Axis Bank Education loan Provided complete information about Any student who wants to take a loan to meet his education expenses can join Axis Bank Education Loan .
You can apply for this loan both online and offline, apart from this you can also apply by logging in to Internet Banking and Axis Mobile .
For more information, you can get information by calling Axis Bank Customer Care Number . Hope you friends have found this article informative . If you liked this article then please share it .
FAQs
Q. What is Axis Bank Education Loan ?
Ans. The loan taken by any student to meet the expenses related to his studies is called education loan or student loan .
Q. What is Axis Bank Education Loan interest rate ?
Ans. Varies on the basis of loan amount . For more information about interest rate read this article completely .
Q. What is the maximum loan amount I can get under Axis Bank Education Loan ?
Ans. There is no maximum limit of Rs 40 lakh under unsecured loan and maximum under secured loan .
Q. After my loan is approved, when will the loan amount be disbursed to me ?
Ans. After the loan is approved , the loan amount will be transferred to your bank account within 2 working days .
Q. Is Axis Bank good for education loan ?
Ans. Axis Bank provides loans to the customers at attractive interest rates . The student can compare this loan with the education loan of other banks .
Q. Is education loan interest free ?
Ans. No , you have to pay interest to take education loan .