Axis Bank Limited Education Loan
Axis Bank is specializes in education loans for the intent of financing higher education for Indian students abroad and in the country. These loans can range from Rs. 4 Lakhs to Rs. 75 Lakhs and interest rates vary from 13.25% to 15.20%.
| Bank Link | http://www.axisbank.com/personal/loans/education-loan/education-loan-features.aspx |
| Loan Amount | Rs 10 lacs for studies in India and Rs 20 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. |
| Interest Rate | 13.25% to 15.20% |
| Tenure | Information not available |
| Pre Payment Charges | No Prepayment charges to be levied on the outstanding loan amount. |
Other Charges
Charges for Late Payment of EMI: Rs 500 + taxes per cheque bounce and a penal interest @ 2% per month on the overdue installment/s
| Self | |
|---|---|
| Minimum Age (in yrs.) | No Age Criteria Provided |
| Minimum Income (in Rs.) | Income Criteria Not Available |
| Minimum Work Experience (yrs.) | Information not available |
| Residence Status (yrs.) | Information Not Available |
| Id Proof | Passport/Voters ID card/Driving Licence/Copy of PAN Card/Govt ID Card |
| Address Proof | Ration Card/Passport/Latest Electricity bill/ Latest telephone bill/Latest credit card bill bank statements/Last 6 months bank statements/Existing House Lease agreement |
| DOB Proof | Information not available |
| Salaried | |
|---|---|
| Minimum Age (in yrs.) | No Age Criteria Provided |
| Minimum Income (in Rs.) | Income Criteria Not Available |
| Minimum Work Experience (yrs.) | Information not available |
| Residence Status (yrs.) | Information Not Available |
| Id Proof | Passport/Voters ID card/Driving Licence/Copy of PAN Card/Govt ID Card |
| Address Proof | Ration Card/Passport/Latest Electricity bill/ Latest telephone bill/Latest credit card bill bank statements/Last 6 months bank statements/Existing House Lease agreement |
| DOB Proof | Information not available |
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