Education Loan Assistance

You all heard it right. We have tied up with almost all big brand banks across the country to provide you with education loan and financial assistance. Cause we know that Big B-schools are no joke with monetary terms. The bigger the B-school the higher the Education Fee is. So we have established a separate Loan Department for our students in need to take care of all financial requirements and documentation. So, let’s strike the financial complication out of the sight and embrace our education loan assistance system.

One thing more you would be delighted to know, that the loan procedure with us is going to be little hectic for you as we the westawk team is going to take care of all the documentation of this complicated procedure on its own.

Process of getting the education loan and eligibility

This service is exclusively for Westawkin’s. Students can contact us if they want to sanction loan, we will connect them to our loan department and rest will be taken care by our team.

The Education Loan will be provided to those students who have

  • Indian Citizenship
  • Secured at least 50% marks during HSC & Graduation
  • Who have obtained admission to career-oriented courses e.g. Medicine, Engineering, Management etc., either at the graduate or post-graduate level
  • Secured admission in India or Abroad through entrance test / merit based selection process post completion of HSC (10+2)
  • Documents displaying regular income is mandatory for the co-applicant( parents/sibling/guarantor)

The education loan eligibility will be determined by Axis Bank as per the Bank’s policy prevailing at the time of loan application and disbursement.

Documents required for Education Loan

Axis Bank Education Loans helps you finance your tuition fees, hostel charges, study materials, etc. The Bank provides quick and hassle-free loans once you provide the application and required documents. Find out the documents required for Education Loan.Documents for Education Loan for salaried individuals:

  • KYC documents
  • Bank Statement / Pass Book of last 6 months
  • Optional – Guarantor Form
  • Copy of admission letter of the Institute along with fees schedule
  • Mark sheets / passing certificates of S.S.C., H.S.C, Degree courses

Documents for Education Loan for all other Individuals

  • KYC documents
  • Bank Statement / Pass Book of last 6 months
  • Optional – Guarantor Form
  • Copy of admission letter of the Institute along with fees schedule
  • Mark sheets / passing certificates of S.S.C., H.S.C, Degree courses

Documents required for first disbursement

  • Demand letter from college or university
  • Loan agreement signed by applicant, co-applicants
  • Sanction letter signed by applicant, co-applicants
  • Disbursement request form signed by applicant, co-applicants
  • Receipts of margin money paid to the college / university along with bank statement reflecting the transaction
  • Documents for collateral security (if applicable)
  • Form A2 signed by applicant or co-applicants in case of overseas institute

Documents required for subsequent disbursement

  • Demand letter from college or university
  • Disbursement request form signed by applicant, co-applicants
  • Receipts of margin money paid to the college / university along with bank statement reflecting the transaction
  • Exam progress report, marksheet, bonafide certificate (Any one)
  • Form A2 signed by applicant or co-applicants in case of overseas institute

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