Product Details
बैंक का नाम
Axis Bank
Maximum Loan Tenure
15 Years
अधिकतम ऋण राशि
Unsecured Loan upto INR 50 Lakhs
ब्याज दर
Loan upto 4 Lakh: 15.20%. Loan between 4 lakh and 7.5 Lakh: 14.70%. Loans greater than INR 7.5 Lakh: 13.70%
शिक्षा ऋण का उद्देश्य/क्षेत्र
Unsecured Loan for Abroad universities on the basis of GRE score
Axis Bank GRE Based Education Loan
पुनर्भुगतान चक्र
During the study period borrower has to pay only interest component - it is called pre EMI. Once the lstudy period + grace period is over the borrower is required to pay both interest as well as principal component. Grace period is different from case to case basis.
मुहलत
Grace period is different from case to case basis.
न्यूनतम CIBIL स्कोर
Not required
Co-Borrower Required
Parents will be primary borrower.
आवश्यक संपार्श्विक
Collateral may be required in certain cases.
फीस एवं प्रभार
Prepayment Charges: Nil;
Bounce charges: INR 500 + GST.
Processing Fees: 2% of the loan amount + GST.
Late Payment Charges: 8% p.a.
Legal Fees: Differ from state to state.
Fees and Charges
विशेष लक्षण
Loan is available on the basis of GRE score solely. No admission letter is required from college/university.
पात्रता मापदंड
The Education Loan will be provided to those students who have Indian Citizenship Secured at least 50% marks during HSC & Graduation Who have obtained admission to career-oriented courses e.g. Medicine, Engineering, Management etc., either at the graduate or post-graduate level Secured admission in India or Abroad through entrance test / merit based selection process post completion of HSC (10+2) Documents displaying regular income is mandatory for the co-applicant( parents/sibling/guarantor)
विशेष रियायत
None
विशेषताएं, पात्रता और रियायत
पेशेवरों
Loan sanction amount upto INR 50 lakhs.
Loan approval letter is issed prior to securing admission.
Borrowr is required only to pay simple interest till the time studies are going on + grace period.
Loan is available upto 100% of tution, boarding, travelling and living expenses are covered.
Cons
High interest rate.
Inrerest EMI's start immediately, they need to be paid during the study period.
पक्ष विपक्ष
HDFC Credilia USA Education Loan
HDFC Credila USA Education Loan can be a consideration, especially if you can qualify for an unsecured loan and get a competitive interest rate. However, the limited unsecured loan amount, potentially higher interest rates for secured loans, mixed reviews, and lack of advertised interest rates require careful exploration.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
उत्पाद समीक्षा
पक्ष विपक्ष
आवेदन कैसे करें?
You can apply for the loan through the Axis Bank website or mobile app, or visit a branch in person.
आवश्यक दस्तावेज़
Know Your Customer (KYC) Documents: PAN Card or Aadhaar Card (identity proof)
Address proof (Passport, Voter ID, Utility Bill)
Academic Documents: Mark sheets and passing certificates from your previous educational qualifications (typically SSC, HSC, and Degree certificates)
A copy of your GRE scorecard
Loan Purpose Documents: Copy of your admission letter from the university you'll be attending, including the fee schedule