- Axis Bank
- ICICI Bank
- Federal Bank
- HDFC Bank
- Karur Vysya Bank
- Kotak Mahindra Bank
- RBL Bank
- Yes Bank
- Karnataka Bank
- South Indian Bank
- Type of Customer - For Indian citizens with income should tick the box - Resident Financial. Indian citizens with no income should tick the box Resident Non-Financial. NRI citizens with income should tick the box Non-Resident Financial.
- Details of the Applicant - Fill in the name of the applicant, father’s name, maiden name if married, guardian name if any, date of birth, residential address, email address, phone number, and permanent address.
- Other Details of the Applicant - marital status, education details such as the last degree and institute.
- KYC - Enter PAN Card, Aadhar ID, passport number, driving license number, resident/non-resident, religion, and occupation.
- GST details are filled by individuals with a business. They are not for an individual.
- Fill in the NRI details if the applicant is a Non-Resident Indian.
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Enter details of the course for which you are taking the education loan.
- Examinations passed
- Name and address of the university, country.
- Admission status
- Course details - start date, end date, and category.
- The total number of years the applicant intends to repay the loan and the EMI details accordingly have to be entered. These are estimated figures.
- Students should also mention if they intend to service the interest charged during the moratorium period.
- Loan Details - enter details from the fee structure received from the college/university.
- Mode of Disbursement - select the mode of disbursement that is required by the university and enter details accordingly.
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Employment Details - enter the details of the applicant, if employed. The financial details of the applicant include -
- Salaried or self-employed
- Income details - gross salary, net salary, total income.
- Investment made in shares or bank deposits
- The financial details of the applicant and the co-applicant has to be entered - Assets and liabilities. Keep in mind that the information entered here should match the information entered above in the form.
- Security details - If you are pledging collateral to back up the loan amount then enter the details here.
- Reference has to be added which is not a relative or a colleague, for example - a neighbour.
- Proof of address
- Proof of identity of the applicant and the co-applicant - Aadhar number, Voter ID number, PAN card, Driving license, passport number, and others, if any.
Updated on: 11 Sep 2023
Table of Content In our previous blog, we had discussed the student loan application in public banks, to make it easier for students to fill the form. Now, let’s look into student loan applications for private banks. There are several private banks that are offering education loans for higher studies in India and abroad. Some of them are - Every bank has an application form on its website for an education loan. Students can also search and apply for the loan scheme on VidyaLakshmi Portal. In this blog, we will be discussing the application form of Axis Bank and ICICI Bank. Starting with Axis Bank - Fill the form to get free expert help Axis Bank has attractive education loan schemes for students to study in India and abroad, with loan amounts starting from INR 50,000. There are a host of benefits that come with it, such as tax benefits, longer loan repayment period, etc. If you approach the bank directly to apply for the loan, you will have to fill an application form. Let’s look at the form and how to fill it - Fields to be filled in carefully - Fields to be filled in carefully - Fields to be filled in carefully - Fields to be filled in carefully - Similar to the details of the applicant, details of the co-applicant 1 and 2/Guarantor have to be entered. Fields to be filled in carefully - This is the checklist of the Axis Bank Education loan documents. Make sure you are submitting the correct documents. The last leg of the form is a declaration that has to be signed by the applicant and all the co-applicants/guarantors. This was the Axis Bank Education Loan form in detail. Now let’s move on to the next bank - ICICI Bank. ICICI Bank offers education loans to students to study in India and abroad. The loan amount can be up to INR 40 lakhs for collateral-free loans. We suggest applying for an education loan via GyanDhan for lower interest rates, better terms and conditions, etc. However, if you are still applying for the loan directly from the bank, read on further to know how to fill the form - The ICICI Bank education loan form is called - Preliminary Credit Facility Application form. Therein, the applicant has to tick the type of loan they are applying for - A loan for studies Abroad or in India. The form starts with the basic details of the applicant such as the name, mother’s name, father’s name, date of birth, religion, current address, permanent address, and residential status. Next comes the course details. Enter details of the course for which loan facility is being availed. This also includes the education loan details such as the tuition fees, examination fees, course material, books, traveling expenses, and other expenses if any. You can also mention the funds that you have arranged apart from the loan - such as personal funds, scholarships, financial aid, etc. If the applicant is employed then enter employment details, such as type of employment, designation, company name, address, etc. After this part of the form, is the personal information and occupational details of the co-applicant. This is similar to the personal and employment details entered for the applicant. Next enter details of the asset and liabilities of the applicant and the co-applicant. This is to ascertain the financial position of both the applicant and the co-applicant. After this enter details of the bank account that will be used for education loan transactions and the details of the security offered, if taking a secured education loan. Further details to be filled in - After adding two references, attach the documents mentioned in the ICICI Bank Education Loan form. The final step is signing the declaration by the applicant and the co-applicant. It would be best to take the help of our Education Loan Counselor to fill the loan forms. Moreover, the entire process is online on applying for the loan via GyanDhan, including document submission. So, avail the free service of GyanDhan and secure funds for your abroad education in a hassle-free process. You can start by checking your loan eligibility.. Read Also:
Private Banks
Looking for an Educational Loan to Study Abroad?
Axis Bank
ICICI Bank
First published date: 06 Jul 2021
