Axis Bank Education Loan

Get an Axis Bank education loan with low interest rates. Apply for an Axis Bank education loan without collateral easily.

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The most difficult task while applying for a student loan is to collect and submit all the required documents as and when required by the banks. Generally, banks have very specific requirements and leave no scope for negotiation even if a single document is unavailable. That is why we suggest applicants keep a document checklist ready before going to the banks to submit their documents. So that, you do not have to waste your time running back and forth every single time. So, here is a list of required documents for: For salaried individuals: Last 6 month’s bank statements Bank KYC documents S.S.C., H.S.C, Degree course mark sheets, and passing certificate Admission letter from the institute with fees structure The guarantor Form is optional to show For all other Individuals Passbook statement of previous 6 months Letter of admission in your preferred institute with the fees payment schedule KYC documents Passing certificate or mark sheets passing certificates of H.S.C, S.S.C. Degree courses The guarantor form is optional First disbursement Applicant and co-applicants signature on the sanction letter Margin money’s bank transaction statement paid to the college or the university College or university's fees demand letter In the case of foreign educational institutes Form, A2 will have to be signed by the applicant or co-applicant Documents for collateral security (if applicable) Applicant and co-applicants have to sign the loan agreement The request of disbursement signed by the applicant and co-applicants Subsequent disbursement Signed form requesting for disbursement, from applicant and co-applicants A demand letter from a college or university If any margin money is pai

While Axis bank offers a repayment duration of 15 years, including the moratorium period. Many students opt to repay the loan early, but how? Here are the ways of repaying the student loan at the earliest in Axis bank: Prepayment or Part Payment Opt for shorter repayment periods Considering transferring your student loan For example, if a student takes loan of Rs 50 lacs for their higher education in a top university in the USA at a 10% rate of interest for a repayment period of 12 years after the moratorium period, then their repayment schedule will be as follows: Repayment Cycle EMI Interest portion Principal portion Loan Outstanding Start of loan EMI 67223 46875 20348 5604652 End of year 1 67223 44930 22293 5369314 End of Year 2 67223 42596 24627 5086854 End of Year 3 67223 40017 27206 4774817 End of Year 4 67223 37168 30055 4430106 End of Year 5 67223 34021 33202 4049299 End of Year 6 67223 30544 36679 3628616 End of Year 7 67223 26703 40520 3163882 End of Year 8 67223 22460 44763 2650485 End of Year 9 67223 17773 49450 2083329 End of Year 10 67223 12595 54628 1456783 End of Year 11 67223 6875 60348 764630 End of Year 12 67223 556 66668 0 Pro Tip - While giving the cheque of the last EMI installment we suggest you should keep a little extra amount of Rs 5,000 - Rs 10,000 with the usual EMI because the transaction will be updated the next day and you will have When you process your higher studies loan with Subraxo, our team will

To apply for student loan online from Axis Bank for the steps below: Step 1: Talk to your financial officer, by requesting a callback or filling up the common application form Step 2: Give your loan profile details as asked by them over the phone Step 3: Choose your lender as per your eligibility and bank policies Step 4: As per the documents checklist shared by your financial officer, upload your documents on the Subraxo documents portal or visit the bank and submit them. Step 5: Collect your study loan sanction letter from the bank within 1 week after you submit your documents. While processing your student loan with us you can skip the following issues that you will face if you go to the banks directly to get your loan sanctioned: You will have to go to the banks multiple times No proper documents checklist will be provided The entire loan sanctioning process will be time-consuming There will be no scope for negotiation You will not be provided with proper customer support & services There is no way to resolve your post-sanction disbursement issues When you process your higher studies loan with Subraxo, you are sure to get the following benefits: Online application process - Offline loan application process has been revolutionized by the online student loan application process offered by Subraxo. Expert guidance - We provide complete loan profile analysis support to compare and choose the best lender as per your eligibility and requirements Minimal Processing time - If applied through us, from private banks & NBFCs, your loan could be sanctioned within 7 days and from a government bank, your loan will be sanctioned within 15-20 days, after submission of documents. Both timelines are 50% less