How to get Loan for Education

Hello sir, I want to apply for Education Loan at Axis bank and I am here as I want to collect information about this so will you please provide me the detailed information about this??

[Shaleen]

Here as per your demand I am providing you all the details of the Education Loan of Axis bank

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: 16% to 18% (0.5% relaxation for girl child)

Eligibility Criteria:
-The applicant should be a resident of India.
-The applicant should have been selected for an undergraduate or graduate, professional, job-oriented course such as medicine, engineering in a recognized university, college or institute.

Documents Required:

Salaried Applicants:
-Proof of Identity: Passport, Voter’s ID, driving license or PAN card.
-Proof of Income: Latest salary slip showing all deductions, Form 16 and recent salary certificate.
-Proof of Residence: Bank account statement, electricity bill, telephone bill or house lease agreement.
-Last 6 months’ bank statement or passbook where salary or income is credited
-Guarantor form might be asked for.
-Education Documents: Copy of admission letter along with the fees schedule, mark sheets, certificates of S.S.C and H.S.C and degree courses.

Other Applicants:
Other classes of applicants must submit all the above documents. Instead of the latest salary slip, they can submit the Income Tax Returns statements for the last two years and computation of income by a certified CA for the last two years.