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Oriental Bank
Eligibility
Axis Bank's Study Power aims to provide financial support to
deserving students for pursuing higher professional or technical
education in India and abroad.
The loan would be provided to students who have obtained admission to
career-oriented courses eg, medicine, engineering, management
etc., either at the graduate or post-graduate level.
Loan Details
Quantum
The quantum of finance under the scheme is capped at Rs 7.5 lacs for studies in India and Rs 15 lacs for studies abroad, which would cover tuition fees, hostel charges (if any), cost of books, etc. The minimum amount of loan would be Rs 50,000.
Margin:
No margin for loans upto Rs 4 lacs.For loans above Rs 4 lacs,
5% margin for studies within India &
15% for higher studies overseas.
Documents Required
The following papers/documents should accompany the Application Form to be executed by both the students and the parents/guardians.Documents Required from both the student / co-applicant.
Identity Proof : Copy of Passport / Driving Licence / Voters Identity Card / Income Tax Pan Card.
Residence Proof : Copy of Passport / Driving Licence / Voters Identity Card / Utility Bills
Age Proof : Copy of Passport / Driving Licence / Income Tax Pan Card / Birth Certificate.
Signature Verification.
One Singed Photograph ( On the face).
Documents required from students for studies abroad
Offer / Admission / Bonafide student letter from the university / college in India or Abroad.
Cost of the Course ( including living).
Copy of last examination passed result.
Copy of Passport in case of study abroad.
Documents required from the co-applicant
Income Proof : Form 16 or Income tax returns for the last two years.
Collateral Security Papers ( if any).
Any other document / information as needed by Bank, depending upon the case and purpose of loan.