Education Loan From Axis Bank For Abroad & India

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AXIS EDUCATION LOAN

Interest
Rate

Loan limit	Interest Rate
Upto 4 Lacs	14-15%
Above 4 Lacs and upto 7.5 Lacs	13-14%
Above 7.5 Lacs	10.5-13%

Loan Amount &
Security

Secured	Unsecured
Above 7.5 Lacs	Upto 7.5 Lacs

Charges &
Repayment

Processing fees	Nil
Pre payment charges	Nil
Pre closure charges	Nil
Late payment charges	@ 2% per month on the overdue installment/s
Repayment period	Upto 15 Years
Moratorium period	Study period + 6 months

Eligibility
Criteria

Secured at least 50% in X, XII and Graduation(if graduated)
Secured admission through entrance test/merit based selection

Key Benefits &
Coverage

Tax benefits under section 80 E
Margin	upto 4 Lacs - Nil Above 4 lacs - 5% for study in India Above 4 lacs - 15% for abroad study
Course covered	career-oriented courses like medicine, engineering, management, etc
Expenses covered	College fees, hostel charge, books and education related expenses

Required
Documents

	Student	Co-Borrower
KYC	Aadhaar 2 passport photo Passport(if going abroad)	Aadhaar Pan card & residence proof(elctricitybill/telephone bill/house lease agreement/bank statement)
EDUCATION	Admit letter cost of study statement X & XII mark sheet	---
INCOME	Pan card 6 months bank account statement	6 month bank account statement ITR of last 2years /form 16 Income proof(salary slip)
SECURITY	---	Assets and liabilities brief statement

Mr. Nitish Dubey

Email ID: care@credenc.com

Phone No.: 1800 121 0057

Address: Ground Floor, Building-10, Tower-A, Cyber City, DLF Phase 2, Gurugram, Haryana 122002

Registered Office :

2nd Floor, DLF Centre, Sansad Marg,
New Delhi – 110001

Corporate Office :

Ground Floor, Building-10, Tower-A, Cyber City, DLF Phase 2, Gurugram, Haryana – 122002

CIN No. - U74999DL2017PTC319926

Lender	Name	Interest Rates Offered*	Contact Details	Recovery Practices
	Capital India Finance Limited Link: https://www.capitalindia.com/	10% to 25%	Tele calling by In-house team, followed by field visits from Internal teams (as required)
	Capital India Home Loans Limited	15% to 25%	Tele calling by In-house team, followed by field visits from Internal teams (as required)
	Capital India Home Loans Limited	15% to 25%	Tele calling by In-house team, followed by field visits from Internal teams (as required)
	Capital India Home Loans Limited	15% to 25%	Tele calling by In-house team, followed by field visits from Internal teams (as required)
	Capital India Home Loans Limited	15% to 25%	Tele calling by In-house team, followed by field visits from Internal teams (as required)