The acceptance of the customer will be obtained on the sanction letter with the customer's signature under the caption "I/WE ACCEPT ALL THE TERMS AND CONDITIONS WHICH HAVE BEEN READ AND UNDERSTOOD BY ME/US".ĭ. All the Terms & Conditions and other caveats will be duly communicated by an authorised official of the Bank to the customer in writing.Ĭ. The availability of adequate margin and security will not be a substitute for due diligence on the creditworthiness of the customer.ī. The sanctioning authority will be expected to ensure proper assessment of the credit application as per the extant instructions and credit policy of the bank. In case the application is turned down, the Bank will convey in writing to the applicant, the reasons for rejection within one month.Ī. The Bank shall verify the education loan application and if additional details / documents are required, these will be sought from the applicant.įor all categories of loans and irrespective of any threshold limits, the Bank will be expected to process the application without delay. The Bank shall provide acknowledgement for receipt of all education loan applications indicating the time frame within which the application will be disposed of. In the education loan application form, the Bank shall provide comprehensive information including information about fees and charges, if any, payable for processing and amount of such fees refundable in case of non-acceptance of application, prepayment options and other matter which affects the interest of the borrowers, of all categories of loans, irrespective of the amount of education loan sought by them. For assistance with this you can also use the Education Loan EMI calculator simply key in the amount, rate and tenure for your loan and get an estimate of the repayment schedule you can follow.Īs directed by the Reserve Bank of India, from time to time through its circulars, the Bank has adopted modified Fair Practice Code for Lenders as approved by the Board of Directors. Instead, you can avail the amount as required by the terms of your institute and plan for the repayment of your loan via easy EMIs Up your desired field of study in India or abroad while avoiding the immediate burden on your finances. Offering loans at competitive interest rates, loan amounts startingįrom Rs 50,000 with no upper limit, funding up to 100% of total cost of education (including course fees, living & travelling expenses) and quick disbursals within 2 days post sanction an Axis Bank Education Loan helps you take If you too seek to create this opportunity towards higher education for yourself or your loved ones, an Education Loan with Axis Bank can be a great tool in your arsenal. Any expense made towards your own professional training and betterment may turn out to be the best investment giving manifold returns! In an increasingly specialised and competitive professional space, knowledge can often mean success.
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