Buddy4Study - Axis Bank Education Loan Program
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About the Program Share
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Buddy4Study - Axis Bank Education Loan Program is a joint initiative offered by the Axis Bank Limited and Buddy4Study to financially support Indian students for pursuing higher education in India or abroad. Under this Program, students who are pursuing at the graduate or postgraduate levels will be provided with a loan amount up to INR 75 lakhs along with speedy disbursals and easy repayment options for effective loan servicing at attractive interest rates.
About Axis Bank
Axis Bank Limited is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It is India's third largest private sector bank by assets and fourth largest in terms of market capitalisation. Moreover, it offers financial services to large and mid-size companies, SMEs and retail businesses.
Buddy4Study-Axis Bank Domestic Education Loan Program
Deadline31-Mar-2024 Eligibility Read More- Applicant and co-applicant should be over 18 years of age and citizen of India.
- Students must have secured 50% and above during Class 12 or graduation.
- Students must have obtained admission to courses like Medicine, Engineering, Management, etc, either at the graduate or postgraduate levels in India.
- Must have secured admission in India or abroad from a recognised college/education institution through entrance test/merit-based selection process after passing Class 12.
- Co-applicant, that is, parent(s) or guardian need to have a regular source of income.
Benefits: Education loans starting from INR 50,000 up to INR 75 lakhs
Note:
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The loans will cover tuition fees, hostel charges, cost of books, etc.
-
The quantum of education loans can be determined, subject to eligibility and cost, for case-to-case approval.
Rate of interest- Repo rate: 6.50 %
Loans Amount
Effective ROI (Linked Repo Rate)
Up to INR 4 lakhs
15.20 %
Greater than INR 4 lakhs and up to INR 7.5 lakhs
14.70 %
Loans greater than INR 7.5 lakhs
13.70 %
Note: Repo rate is the interest rate at which the RBI lends to banks in the country.Buddy4Study-Axis Bank International Education Loan Program
Deadline31-Mar-2024 Eligibility Read More-
Applicant and co-applicant should be over 18 years of age and citizen of India.
-
Students must have secured 50% and above during Class 12 or graduation.
-
Students must have obtained admission to courses like Medicine, Engineering, Management, etc, either at the graduate or postgraduate levels abroad
-
Must have secured admission in India or abroad from a recognised college/education institution through entrance test/merit-based selection process after passing Class 12.
-
Co-applicant, that is, parent(s) or guardian need to have a regular source of income.
Benefits: Education loans starting from INR 50,000 up to INR 75 lakhs
Note:
-
The loans will cover tuition fees, hostel charges, cost of books, etc.
-
The quantum of education loans can be determined, subject to eligibility and cost, for case-to-case approval.
Rate of interest- Repo rate: 6.50 %
Loans Amount
Effective ROI (Linked Repo Rate)
Up to INR 4 lakhs
15.20 %
Greater than INR 4 lakhs and up to INR 7.5 lakhs
14.70 %
Loans greater than INR 7.5 lakhs
13.70 %
Note: Repo rate is the interest rate at which the RBI lends to banks in the country.-
Previous Year Scholarships And Results
Frequently Asked Questions
Are there any education loan processing charges applied in this loan program?
Yes. In this loan program, a processing fee of 2% of the loan amount + GST is applicable. For more details, please click here.
What is the role of the guardian/parent in an education loan?
A guardian/parent is treated as a co-applicant of the student loan whose role is primarily of a primary debtor.
Can I apply for an education loan if I do not have a co-applicant with income?
No. Co-applicant, that is, parent(s) or guardian need to have a regular source of income.
What is the repo rate offered by this program?
This program offers a repo rate of 6.50%.
Contact
In case of any queries, please reach out to:
011-430-92248 (Ext- 123) (Monday to Friday - 10:00AM to 06:00 PM (IST))eduloan@buddy4study.com
Disclaimer
1. Source of Information: Buddy4Study app compiles details on scholarships/fellowships from government websites and private scholarship sources. Links to the official sources accompany each listing detail pages.
2. Non-affiliation: The Buddy4Study app is not associated with any government entity in India or elsewhere. When featuring government scholarships, we rely on publicly accessible information from central and state government websites in India.
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