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Indian Institute of Management: (Floating Rate Linked With MCLR Rate)

Axis Bank is offering a special education loan product for students of Indian Institute of Management Ahmedabad with no processing fees, principal moratorium, no prepayment charges, and repayment tenure up to 15 years with low EMIs. Key terms of the Axis Bank Education Loan include a minimum loan amount of Rs. 50,000 and maximum of Rs. 75 lakhs (or 95% of total cost), 5% margin amount, 10.5% floating interest rate linked to MCLR, and loan disbursement directly to the institute. Contact information for Axis Bank sales managers across India is provided.

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450 views2 pages

Indian Institute of Management: (Floating Rate Linked With MCLR Rate)

Axis Bank is offering a special education loan product for students of Indian Institute of Management Ahmedabad with no processing fees, principal moratorium, no prepayment charges, and repayment tenure up to 15 years with low EMIs. Key terms of the Axis Bank Education Loan include a minimum loan amount of Rs. 50,000 and maximum of Rs. 75 lakhs (or 95% of total cost), 5% margin amount, 10.5% floating interest rate linked to MCLR, and loan disbursement directly to the institute. Contact information for Axis Bank sales managers across India is provided.

Uploaded by

umesh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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To,

Indian Institute of Management


Vastrapur, Ahmedabad 380015
Gujarat

Dear Sir,
We have great pleasure in extending our warm greetings to you and your team at Indian Institute of Management
Ahmedabad on the occasion of the new academic year.

We are happy to inform you that, Axis Bank has customized a special Education Loan Product for the students of your
esteemed Institute.

 No Processing Fees
 Principal Moratorium available
 No Prepayment Charges
 Repayment Tenure as Long as 15 Years with a very low EMI
 100% Tax Benefit for interest paid under Sec (80E)

Axis Bank Education Loan –Terms and Conditions


at Indian Institute of Management Ahmedabad (Academic Year 2017-18)
No Parameters Details
1 Eligibility Student should be an Indian National & have secured admission on merit
basis through entrance test/selection process of the Institute.
2 Course Name PGP / PGPX
3 Rate of Interest 10.50% (floating rate linked with MCLR rate)
4 Loan Amount Minimum Loan Amount Rs 50,000 and Maximum Loan Amount of Rs. 75
Lakhs or 95% of the total cost whichever is lower
5 Margin 5% Margin
6 Processing Fees NIL
7 Pre-payment Charge NIL
8 Pre Closure Penalty NIL
9 Repayment Type Interest Servicing During Course
10 Moratorium Period Course Period + Maximum of 1 Year (optional)
11 Repayment Tenure Maximum 180 Months / 15 Years
12 Loan Disbursement To the Institute (IIM, Ahmedabad)
13 Co-Applicant i. Father
ii. Mother
iii. Brother or Sister
iv. Spouse or Parents in Law for Married Applicants
v. Grand Parents if parents are not there.
14 Insurance Max Life Insurance
15 Unsecured Loan Amount Unsecured Loan Amount up to Rs. 30 Lakhs.
16 Security Loans above Rs. 30 lakhs, collateral security applicable as per Axis Bank
norms
17 EMI per lakh ( approximate ) Rs 1,105/- Approximately Per lakh Per month EMI for 15 years
Axis Bank: Ms. Shreeda Shah # 7574843338 Email ID: [email protected]
Education Loan Application Form Can be Downloaded From:
www.axisbank.com/retail/loans/education-loan/downloads
* Approval, Sanction and Disbursement Subject to Banks internal policy checks, process and eligibility. Version1_IIM_Ahmedabad_validity_11022016_to_03312017
List of Sales Manager – Education Loan @ locations across India

Name Location Mobile Email ID


M Sandeep Hyderabad 8143880345 [email protected]
Pankaj Kanojia New Delhi 9999440084 [email protected]
Umang Dixit Gurgaon 8285484378 [email protected]
Vinay Kumar Faridabad 9013884892 [email protected]
Tridibkumar Dey Kolkata 9051948180 [email protected]
Shreeda Sutaria Ahmedabad 7574843338 [email protected]
Susanta Mallick Whitefield-Bangalore 9901809308 [email protected]
Akshay Avhad Kalina 9920791769 [email protected]
Varun Sharma Navi Mumbai 8422902085 [email protected]
Abhishek Sharma Chandigarh 9888344522 [email protected]
Rohit Srivastava Pune 8237397974 [email protected]
Vishal Sasulkar PCMC 9049873109 [email protected]
Mosesrajasekaran G Chennai 9842808606 [email protected]
Gowrishankar M Chennai 9600999638 [email protected]
Bhakti Thakkar Jayanagar-Bangalore 9902240593/8884072994 [email protected]
Bale Vinay Kumar Hyderabad 9912591599 [email protected]
Sudarshan Munde Pune 9011500718 [email protected]
Ashok Dasari Gachibowli-Hyderabad 9247584548 [email protected]

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