2023 2024 Student Forum > Management Forum > Study Abroad

 
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11th January 2016, 09:18 AM
Super Moderator
 
Join Date: May 2012
Re: Student Loan Abroad

The Axis Bank's Education Loan provides financial support to deserving students for pursuing higher professional or technical education in India and abroad.

It is for those students who have obtained admission to career-oriented courses e.g. medicine, engineering, management etc., either at the graduate or post-graduate level.

[B]Quantum of Loan[/B]
The quantum of finance under the scheme is capped at Rs 10.00 lacs for studies in India and Rs 20.00 lacs for studies abroad, which would cover tuition fees, hostel charges (if any), cost of books, etc.

The minimum amount of education loan would be Rs 50,000.

The Quantum of Loan can be Higher amounts above these caps subject to eligibility and cost, for case-to-case approval.

[B]Margin[/B]
No margin for education loans upto Rs 4 lacs.
For loans above Rs 4 lacs, 5% margin for studies within India and 15% for higher studies overseas.
[B]
Timeline for application decisioning[/B]
Bank will convey its decision within 15 working days from the date of receipt of the application provided the application is complete in all respects.

The working out of 15 days starts from the day on which all documents required for a proper appraisal of the application are provided by the Customer to bank.
[B]
Role of the Guardian:[/B]
The parent(s) or guardian of the student would be treated as a co-applicant of the student loan. One’s role would be, necessarily, like the primary debtor.
[B]
Education Loan Details[/B]
[IMG]https://management.ind.in/img/n/Student-Loan-Abroad.jpg[/IMG]
Attached Files
File Type: pdf Education Loan Application Form.pdf (3.70 MB, 264 views)


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