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Axis Bank Education Loan

Unlock your global education dreams with seamless financing from Axis Bank.

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Overview

Axis Bank, a premier private bank in India, offers tailored education loans to fuel your academic ambitions at home or abroad. With competitive rates, flexible repayment options, and swift processing, we make your study dreams achievable.

Key Features & Benefits

  • ✔Loan Amount: Up to ₹1.5 Crores for overseas studies.
  • ✔Moratorium: Repayment post 6 months of course completion or 1 year post-job.
  • ✔Repayment Tenure: Up to 15 years, including moratorium.
  • ✔Collateral: Not required up to ₹7.5 Lakhs; property/FDs for higher amounts.
  • ✔Rates: Competitive, MCLR-linked, with special rates for top institutes.
  • ✔Tax Benefits: Interest deductible under Section 80E.
  • ✔Fast Processing: Streamlined for quick disbursal.

Eligibility Criteria

Student:

  • •Indian National.
  • •Admission to recognized courses via merit or entrance test.
  • •Minimum 18 years old.

Co-applicant:

  • •Indian National.
  • •Stable income, good CIBIL score.
  • •Parents, spouse, or siblings eligible.

Documents Required

Student:

  • •Admission letter.
  • •10th, 12th, graduation mark sheets.
  • •Age proof (Passport, Aadhaar).
  • •Identity proof (Passport, PAN).
  • •Address proof (Aadhaar, Utility Bills).
  • •Passport-size photos.

Co-applicant:

  • •Identity proof (Passport, PAN).
  • •Address proof (Aadhaar, Utility Bills).
  • •Income proof (Salary slips, IT Returns, Bank Statements).
  • •Passport-size photos.

Other:

  • •Loan application form.
  • •Course expense details.
  • •Collateral documents (if applicable).

Interest Rates & Charges

Axis Bank offers competitive, MCLR-linked rates tailored to your loan amount and course.

Loan Type Interest Rate (p.a.)* Processing Fee Collateral
Loans up to ₹7.5 Lakhs ~10.50% - 11.50% Nil Not required
Loans above ₹7.5 Lakhs ~9.50% - 10.50% Up to 1% of loan amount Required

*Rates are indicative and subject to change.

Application Process

  1. Submit Inquiry: Fill out our quick online form.
  2. Expert Guidance: Connect with our loan advisor.
  3. Document Prep: We’ll help collect required documents.
  4. Application: Submit with our assistance.
  5. Disbursal: Funds released post-approval.

Frequently Asked Questions