Important steps related to Axis Bank Education Loan 2023 need to be known from this article. From here you can know the eligibility criteria, interest rates, application form and loan amount.
Education is the key to success. Education plays a huge role in our life. But if we talk about higher education, it becomes a bit difficult here, because the cost of getting higher education is very high, so many students are unable to complete higher education. But don’t worry, Axis Bank is here to remove these hurdles and provide Education Loan for your bright future. In this article, we will discuss the eligibility criteria, loan amount and interest rates to take loan from Axis Bank.
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Axis Bank Education Loan 2023 Brief Summary
All you need to know is the brief summary of Axis Bank Education Loan Recruitment 2023 from this table.
| Bank Name | Axis Bank |
| Loan Ammount & Interest Rate | Upto 4 Lacs : 14-15% Above 4 Lacs and upto 7.5 Lacs : 13-14% Above 7.5 Lacs : 10.5-13% |
| Processing Time | 5 – 7 days after document submission |
| Axis Bank Official Website | axisbank.com |
Indian Bank Education Loan 2023 Check Eligibility, Intrest Rate
Axis Bank Education Loan Eligibility
Students can avail Education Loan from Axis Bank to study abroad and fulfill their educational dreams. To apply for an education loan, students must fulfill the following eligibility criteria.
- Nationality: Student must be an Indian citizen.
- Age: The minimum age of the student should be 18 years, at the time of applying for the education loan.
- Academic Qualifications: Candidates must have secured admission in a recognized university in India or abroad.
- Co-applicant: For education loan, the parent or guardian should be the co-applicant for the loan. So that loans can be provided considering the financial stability.
- Course: Loans are available from Axis Bank for a range of programmes, including undergraduate, graduate, diploma, professional, and vocational courses.
- CIBIL Score: Co-applicant’s CIBIL score should be more than 600.
Axis Bank Education Loan Requirements
To apply for an education loan from Axis Bank, you must meet the following bank requirements, check out the key requirements.
- Application Form: For the application form, you can contact the official website or the nearest bank branch. Consult a loan advisor on entering details in the loan application form.
- Proof of Identity: For education loan, the bank needs some documents as identification, they have to be provided, such as: Aadhaar card, passport, voter ID card, or driving license.
- Proof of Address: Address proof is required while applying for Axis Bank education loan, such as: Aadhaar card, passport, utility bill etc.
- Academic Documents: Educational documents such as marksheets, degree certificates, admission letters from educational institutions and fee structure are required while applying for an education loan.
- Income Proof: Income certificate of the co-applicant is one of the key requirements for education loan from Axis Bank, such as: salary slip, income tax return, bank statement, or any other document.
- Co-applicant Documents: For education loan only co-applicant applies for the loan. In this case, his identity proof, address proof, income proof and relationship proof with the applicant will be required.
SBI Education Loan Apply Online 2023
Axis Bank Education Loan Calculator
If you are thinking of pursuing higher studies or education abroad and are looking for Axis Bank Education Loan due to weak financial condition, then you should estimate your monthly installment amount and overall repayment schedule. Here are some steps, with the help of which you can calculate the EMI of your loan amount.
- First of all visit the Axis Bank official website (axisbank.com)
- Click on ‘Education Loan’ from the loan option from the “Explore Products” tab on the homepage.
- Now “Education Loan Interest Rate Calculator” will appear on the webpage.
- Select the loan amount from here, the amount you want to take.
- Select Month.
- Now after selecting the Interest Rate, Equated Monthly Installment (EMI) will be displayed.
Axis Bank Education Loan Apply
If you are thinking about education loan from Axis Bank, then tell that for education loan application, visit the nearest bank branch or the official website. Take the following steps to apply.
- First of all visit the Axis Bank official website axisbank.com.
- Click on ‘Education Loan’ from the loan option from the “Explore Products” tab on the homepage.
- Now find the link “Submit Online Application” from the webpage and click.
- Fill the details asked in the application form carefully.
- Upload all the required documents.
- Submit the application form.
FAQs about Axis Bank Education Loan
Students who want to further their studies can get financial support from Axis Bank’s outstanding education loan programme. Axis Bank works to make high-quality education available to everyone by offering affordable interest rates, flexible repayment choices, and a variety of loan packages.
What is the interest rate charged on Axis Bank Education Loan
The interest rate on education loan depends on the loan amount, course, tenure and bank status.
Can I take a loan for studies abroad from Axis Bank
Yes! Axis Bank provides education loan for pursuing education abroad.
What is the maximum education loan amount that I can get from Axis Bank
It depends on your course, institute and bank that how much loan you can get.