Product Details
बैंक का नाम
Axis Bank
Maximum Loan Tenure
15 Years
अधिकतम ऋण राशि
Unsecured Loan upto INR 40 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 upto 40Lakhs to working professionals
Axis Bank Loan For Working Professionals
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. Out of pocket expense: Upto 1% of the loan amount + GST.
Fees and Charges
विशेष लक्षण
No-co applicant is required.
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
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 online through Axis Bank's website or mobile app, or visit a branch in person.
आवश्यक दस्तावेज़
Identity Proof: PAN Card, Passport, Driving License or Voter ID Card (any one)
Residential Proof: Latest Utility Bill (within 3 months), Passport or License Agreement
Financial Records: Bank statements from the last 3 months
Income Evidence: Salary slips from the previous 3 months
Employment Proof: One year Employment proof (Not required if DOJ mentioned in payslip and working for more than a year)
Photographic Identification: Recent passport-sized photographs