Axis Bank Prime Abroad Education Loan

Tenure up to 15 yrs

Loan up to 40 Lakhs

Multi-currency Forex Card

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->Upto 40Lakhs* of Unsecured Loan 

->Door-Step Service

->Multi-currency Forex Card

->Upto 15 yrs of Loan Tenure 

-> Interest Rates:

  • For Loan Amount (Rs.) Up to Rs.4 Lakhs                         Effective ROI( Linked to Repo Rate ) : 15.20%

  • For Loan Amount >=Rs.4 Lakhs to Rs.7.5 Lakhs          Effective ROI( Linked to Repo Rate ) : 14.70%         

  •  For Loan Amount above Rs. 7.5 Lakhs                             Effective ROI( Linked to Repo Rate ) : 13.70%       

->Current Repo Rate: 4.90 %                                                                  

The verdict

    Axis Bank Prime Abroad Education Loan offers education loan of upto Rs.40 Lakh but the rate of interest is higher and some public sector banks and the documents required are also too many.

Rating

3.5

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