AXIS Bank Education Loan is a means of helping out deserving students pursue higher education. AXIS Bank provides financial help in the form of AXIS Bank Education Loan to study in India or any country abroad. AXIS Bank Education Loan is a great way of making your dreams a reality and ensuring a better future through career oriented courses in India and abroad. AXIS Bank Education Loan Review shows that the loan from the bank is a preferred choice for students looking forward to pursue technical education.

AXIS Bank Education Loan Interest Rate:

The AXIS Bank Education Loan interest rate is attractive for the students applying to study in India and abroad.

AXIS Bank Education Loan rate for loan up to Rs. 4 lacs is Base Rate+7.00% which is approximately 15.75%.

AXIS Bank Education Loan interest rate for loan above Rs. 4 lacs and less than 7.5 lacs is Base Rate+8.00%. For loans greater than Rs 7.5 lacs the rate is base Rate+6.00%

AXIS Bank Education Loan rate for girl student has a concession of 0.50%.

AXIS Bank Education Loan interest rate is subject to change.

AXIS Bank Education Loan Eligibility And Expenses Covered:

AXIS Bank Education Loan Can Be Taken For The Following Purposes And Courses:

• If one wants to study in India one can go for graduation and post graduation courses.
• Courses which are conducted or hosted by eminent institutes like ICWAI, CA, IIM and IIT or courses offered by UGC held program qualify for AXIS Bank Education Loan eligibility

The Eligibility Process Has Margin As Follows For Loan Taken For More Than 4 Lacs:

Studies in India 5%

Studies Abroad 15%

Other Major Qualifications For AXIS Bank Education Loan Eligibility Are:

• To qualify for AXIS Bank Education Loan eligibility the candidate should be an Indian national.
• Admission to recognized technical courses in India is possible through AXIS Bank Education Loan eligibility.
• For admission abroad the student should have qualified in the merit selection process of the university.
• The maximum loan for studies in India is at the maximum is Rs.10 lacs
• The maximum loan for studies abroad is at the maximum is Rs. 20 lacs.

The expenses covered under the loan is

• College Fee
• Hostel and Library charges
• Caution deposit
• Money to go abroad
• Money for Study tours, Project work or computer purchase etc.

AXIS Bank Education Loan Review And Documentation Process:

As per AXIS Bank Education Loan review the student are required to provide the following documents for the Processing Of The Loan As Per Eligibility:

• Proof of Age, Signature, Identity and Residence
• Fully completed loan application form
• Two Photographs
• Mark sheet for the exam one has qualified for

AXIS Bank Education Loan Review And Documentation For The Salaried Co- Borrower:

• Bank Statement
• Income Tax Statement for the last two years
• Salary slip

AXIS Bank Education Loan Review And Documentation For The Self Employed Individual:

• Bank Statement
• Income Tax Return
• Profit and Loss Account or Balance Sheet of the Company
• Proof of Source Of Income

AXIS Bank Education Loan Review And Application Procedure:

AXIS Bank Education Loan application forms are available at all bank branches across India. Students and Family members can fill up the form providing details of the student and the co- borrower along with the necessary documentation. The filled up forms can be submitted along with an application at the branch after which the loan will be disbursed in installments to the college or institute directly.

AXIS Bank Education Loan Rate Repayment Option And Pre Closure Process:

The loan needs to be paid back in 5 to 7 years from the date of disbursement of the loan. The student can avail a repayment holiday for a period of six months or till the person gets a job or whichever is earlier. The pre closure charges are Nil however the bank charges Rs 500+ taxes per cheque bounce and penal interest at 24% per annum in case of late payments.

AXIS Bank Education Loan Tax benefits: One can get tax benefits if any according to the Income Tax Act 1961 which varies yearly according to the changes made by the Government.

More details on AXIS Bank Education Loan eligibility and AXIS Bank Education Loan Rate etc. are on the official site at

http://www.axisbank.com/personal/loans/studypower/Education-Loan-Terms-and-Conditions.asp