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