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Resources » Articles/Knowledge Sharing » Educational Loans »

Axis bank


Posted Date: 28 Feb 2009    Resource Type: Articles/Knowledge Sharing    Category: Educational Loans
Author: nikhilaMember Level: Diamond    
Rating: 3 out of 53 out of 53 out of 5Points: 2



Axis bank


Bank Type :

Private Bank
Provided study loan amount in India

Upto 7.5 Lakhs
Provided study loan amount in Abroad

Upto 15 Lakhs
Margin

No margin for loans upto Rs 4 lacs. For loans above Rs 4 lacs, 5% margin for studies within India and 15% for higher studies overseas.
Security :

Third party guarantee and/or collateral security may be asked for in appropriate cases.Assignment of LIC policy in favour of the Bank for the sum assured being at least 100% of the loan amount. The policy is kept alive during the currency of the loan. To ensure this, the annual premium may be included in the computation of the loan requirement, along with the tuition fees and other recurring charges. Further, the future income of the student needs to be assigned in favour of the Bank for meeting the installment obligations.



Responses

Author: Banshidhar Sahoo    12 Jul 2009Member Level: Gold   Points : 2
For previous year bank exam paper, upcoming bank exams and useful information and links, refer http://allbankexam.blogspot.com

Here all bank exam questions are presented in online test form to make it very interactive.

Regards,
Banshi
http://vedic-maths-fun.blogspot.com


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