Availing an Education Loan from Axis Bank requires you to fulfil certain eligibility criteria. Find out the eligibility criteria for Education Loan, below.
Axis Bank provides Education Loans for students looking to study in India and abroad. You can get a loan starting from Rs. 50,000 upto Rs. 75 Lakhs at attractive interest rates with benefits such as no processing fees, no pre-payment charges and no pre-closure charges. Find out the education loan eligibility criteria for availing an Axis Bank 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 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)
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
Axis Bank Education Loans helps 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 Education Loan.
Documents for Education Loan for salaried individuals:
-
Proof of identity (any one of the following):
- Passport
- Voter ID card
- Driving license
- PAN card
- Government department ID card
-
Latest salary slip showing all deductions or Form 16 along with recent salary certificate.
-
Proof of residence (any one of the following):
- Bank account statement
- Latest electricity bill
- Latest mobile / telephone bill
- Existing house lease agreement
- 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
-
Proof of identity (any one of the following):
- Passport
- Voter ID card
- Driving license
- PAN card
- IT returns of the last 2 years and computation of income of last 2 years certified by a Chartered Accountant
-
Proof of residence (any one of the following):
- Bank account statement
- Latest electricity bill
- Latest mobile / telephone bill
- Existing house lease agreement
- 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 overseas 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)
- Form A2 signed by applicant or co-applicants in case of overseas institute
