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Loan amount from Rs 50,000 - Rs 30 Lakhs
Flexible repayment tenures between 1 to 5 years

Apply for Education Loan

About Education Loan

Availing an Education Loan from Banks requires you to fulfil certain eligibility criteria. Find out the eligibility criteria for Education Loan, below. Banks provides Education Loans for students looking to study in India and abroad without any collateral or security attached.. You can get a loan starting from Rs. 50,000 to Rs. 45,00,000 at attractive interest rates with benefits such as no pre-payment charges and no pre-closure charges. Find out the education loan eligibility criteria for availing a student loan. 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 postgraduate 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)
The education loan eligibility will be determined by Axis Bank as per the Bank's policy prevailing at the time of loan application and disbursement. Documents required for Education Loan Education Loans help you finance your tuition fees, hostel charges, study materials, etc. The Bank provides quick and hassle-free loans once you provide the application and required documents. Find out the documents required for an Education Loan. Documents for Education Loan for salaried individuals:
  • KYC documents
  • Bank Statement / Pass Book of last 6 months
  • Optional – Guarantor Form
  • Copy of admission letter of the Institute along with fees schedule
  • Mark sheets / passing certificates of S.S.C., H.S.C, Degree courses
Documents for Education Loan for all other Individuals
  • KYC documents
  • Bank Statement / Pass Book of last 6 months
  • Optional – Guarantor Form
  • Copy of admission letter of the Institute along with fees schedule
  • Mark sheets / passing certificates of S.S.C., H.S.C, Degree courses
Documents required for first disbursement
  • Demand letter from college or university
  • Loan agreement signed by applicant, co-applicants
  • Sanction letter signed by applicant, co-applicants
  • Disbursement request form signed by applicant, co-applicants
  • Receipts of margin money paid to the college / university along with bank statement reflecting the transaction
  • Documents for collateral security (if applicable)
  • Form A2 signed by applicant or co-applicants in case of institute
Documents required for subsequent disbursement
  • Demand letter from college or university
  • Disbursement request form signed by applicant, co-applicants
  • Receipts of margin money paid to the college / university along with bank statement reflecting the transaction
  • Exam progress report, marksheet, bonafide certificate (Any one) o Form A2 signed by applicant or co-applicants in case of institute

Step to apply for instant Education Loan

Fill in the Education Loan Application form, to check your eligibility

Compare various Education loan options, and apply for the best suatable option.

Get an instant e-approval, after successful submission of the application

Eligibility

Criteria Salaried Self-Employed
Age 21 years to 60 years 22 years to 55 years
Net Monthly Income Rs.15,000 Rs.25,000
CIBIL Score Above 750 Above 750
Minimum Loan Amount Rs.50,000 Rs.50,000
Maximum Loan Amount Rs.25 lakh Rs.30 lakh
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Features

  • Salary Certificate or salary slips
  • NRO/NRE bank statements of the last 6 Months
  • Proof of Identity, Residence, Income, and Assets
  • Recent passport-size Photographs of yourself and the guarantors

Why Finway

  • Salary Certificate or salary slips
  • NRO/NRE bank statements of the last 6 Months
  • Proof of Identity, Residence, Income, and Assets
  • Recent passport-size Photographs of yourself and the guarantors

Documents

When you apply for a education loan with us, you are required to submit a signed application form, along with your KYC documents. Additionally, the application requires you to establish your eligibility, income, age, financial stability, etc.

While certain basic documents remain the same, some may vary as per the nature of an applicant's work profile.

  • Identity Proof (Aadhaar Card, Voter ID, Driving License, Passport, etc.)
  • Address Proof (Valid ID proof with permanent address)
  • Income Proof (Bank statement from the last 3 months)
  • Copy of your Passport
  • Visa Copy
  • Your official Email ID or the Email ID of the HR
  • Bank Statements
  • Salary Certificate or salary slips
  • NRO/NRE bank statements of the last 6 Months
  • Proof of Identity, Residence, Income, and Assets
  • Recent passport-size Photographs of yourself and the guarantors

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