Fund Your UG Studies Abroad With Axis Bank
Pursue your dream of education abroad with Axis Bank education loan offerings.
Overview of Axis Bank Education Loan
Axis Bank offers education loans to help students finance their higher education abroad. These loans provide up to 100% financing for tuition fees and living expenses. The bank offers support of up to ₹1 crore — with no-collateral options.
Why Choose Axis Bank for Your Education Loan?
Unsecured loans available up to ₹1 crore for undergraduate education
Competitive interest rates, starting at 11% for overseas studies
Quick approvals, pre-admission sanction facility, and doorstep service
Forex benefits like multi-currency cards and locked-in exchange rates
Flexible repayment with tenures up to 15 years and low EMIs
Features of Axis Bank Education Loans
Maximum Amount
Up to ₹1 Crore (unsecured for select profiles)
Processing Fee
Up to 2% of loan amount + GST as applicable
Interest Rate
Starts from 11% for overseas education loans
Pre-visa Disbursement
Available
Eligibility Criteria & Documents Required
To apply for an undergraduate education loan from Axis Bank after 12th you must meet a defined set of eligibility conditions and provide supporting documents.
- Must be an Indian citizen, 18 years or older
- Minimum 50% marks in 10+2 or equivalent
- Confirmed admission to a full-time undergraduate course abroad
- A co-applicant (parent, guardian, or spouse) is mandatory
- Proof of Identity: Aadhaar, PAN card
- Proof of Address: Utility bills, Aadhaar
- Academic Records: Mark sheets of 10th, 12th
- Offer letter from foreign university
- Official fee schedule
- Completed application form
Explore Axis Bank Education Loan
Axis Bank offers affordable education loans for students heading to top destinations worldwide. Besides the USA, UK, and Canada, Axis Bank also extends its support to countries like Australia, Germany, Singapore, Ireland, and more.
Undergraduate Axis Bank Education Loan
Thousands of borrowers used GradRight to compare and secure Axis Bank loans, and optimized collateral and interest rates for their undergraduate financing.
200,000+
students assisted
₹16,300 crore
loan requests processed
₹2,000 crore
disbursed in loans
Start your international academic journey with Axis Bank education loan for undergraduates.
Frequently Asked Questions
What is the current interest rate for an Axis Bank Education Loan?
For UG education loans for education abroad Axis Bank interest rates start from 11%, with rates linked to the current repo rate and reset every three months. For unsecured loans it is slightly higher at rates between 11.50% and 13.75%.
What documents are required to apply for an undergraduate education loan from Axis Bank?
Axis Bank education loans require very few documents. You must provide identity and address proofs for the applicant/co-applicant and the university admission letter. Besides, you need to submit the income documents of the co-applicant with ITR and bank statements.
What are the expenses covered under the Axis Bank education loan?
Expenses covered under the Axis Bank education loan include:
- Tuition fees
- Accommodation fees
- Travel expenses
- Exam fees
- Study material
- Miscellaneous expenses
How much time does it take to convey the bank's decision on an Axis Bank education loan?
You will receive the decision regarding an Axis Bank education loan within 15 working days from the date of receipt of the application. If you apply through GradRight, we ensure the process is sped up and you have a provisional offer in 2-3 days.
What is the margin for Axis Bank undergraduate education loans?
“Margin” refers to the portion of the total education cost that the borrower is required to pay from their own source. For Axis Bank education loans above ₹4 Lakh, the margin for studies within India is 5% and for studies overseas is 15%. This means, if you need a loan for ₹60 lakhs, then 15% or ₹9 lakhs must be from your own funds.
Why does the loan rate mention repo rate?
In India, the repo rate is the interest rate at which the Reserve Bank of India (RBI) lends money to commercial banks. If the repo rate falls, then the cost of borrowing falls. Currently the repo rate is 5.5%. Banks charge a 4-7% spread on repo rate for their administrative purpose and customers have to pay 10% – 14% for an undergraduate education loan for study abroad.
Can I convert my Axis Bank education loan from a floating rate to a fixed rate and vice-versa?
You can switch your Axis Bank education loan from a floating rate of interest to a fixed rate. The conversion charge will be 1% of the outstanding principal with a minimum of ₹5,000 and applicable GST.
Who can be my co-applicant?
Your parent, guardian or spouse can be a co-applicant for Axis Bank education loan for undergraduate education abroad.
