Axis bank Posted Date: 28 Feb 2009     Resource Type: Articles/Knowledge Sharing     Category: Educational Loans Author: nikhila Member Level: Diamond     Rating: Points: 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.
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Author: Banshidhar Sahoo    12 Jul 2009		Member 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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