Axis Bank is an excellent option for education loans. It is India’s third-largest private sector bank and provides loans to thousands of students each year.
Advantages of Axis Bank Education Loan
Swift loan disbursal within 15 working days
Unsecured study abroad loans of up to ₹1 crore
GRE score-based unsecured loans up to ₹50 lakhs
100% loans with repo rate-linked interest rates
Free multi-currency forex card with a loan for study abroad
Axis Bank Education Loan Features
Get loans up to ₹1 Crore for studying abroad.
Avail up to ₹75 Lakhs for courses in India.
No collateral is necessary for loans up to ₹50 Lakhs based on co-applicant income.
Avail of lengthy repayment periods and low EMIs of up to 15 years .
Enjoy a hassle-free loan process with a convenient door-step service.
Transfer your existing high-cost education loan to Axis Bank easily.
Repay your loan early without any additional fees.
Eligibility Criteria & Documents Required
Eligibility Criteria for Axis Bank Education Loan:
The applicant must be an Indian citizen.
Applicant must have secured a minimum of 50% marks in HSC (10+2) and graduation.
Loans are available for higher study in medicine, engineering, and management at graduate or postgraduate levels.
Applicant should have received admission to an approved institution through a merit-based selection process.
A co-applicant (parent, sibling, or guarantor) must provide proof of regular income.
Documents Required for Axis Bank Education Loan
Personal Details
KYC document
Bank statement of the last 6 months
Academic Documents
Mark sheets/passing certificates of HSC, and Degree courses
Admission letter from the institute
Financial Documents
Fee schedule
A demand letter from the college/university
Loan agreement signed by the applicant and co-applicants
Sanction letter
Disbursement request form
Receipts of margin money paid to the college/university
Collateral security documents
Axis Bank Education Loan vs Other Banks
Feature
Interest Rates
Loan Amount
Processing Fees
Collateral Requirement
Pre-Visa Loan Approval
Repayment Flexibility
Loan Coverage
Loan Disbursement Speed
Prepayment Charges
Axis Bank
Secured: 9.5% onwards
Unsecured: 10.5 % onwards
Secured: Up to 1.5Cr
Unsecured: Up to 1Cr
0.75% - 1.25% + GST
Collateral-free loan available. FD and property can be pledged as collateral.
Axis Bank issues a loan sanction letter before admission and visa.
Moratorium + Upto 15 years
100% financing for tuition fee, living expenses & other expenses
Up to 1 week
Nil
Other Banks & NBFCs
10-13%
Up to 1.5 crore
1-2% of the loan amount
Non-collateral loans are available from many banks and NBFCs
Pre-visa loans are available
Up to 15 years
Up to 100% of the cost of education and the cost of stay for the duration of the educational program
2-3 weeks
In some banks, prepayment is not allowed for up to 12 months.
How to Apply for an Axis Bank Education Loan?
Sign Up & Create Your Profile
Register with GradRight and provide a few essential details about your course and financial requirements.
Compare Loan Offers
Receive affordable loan offers from over 15 lenders, including Axis Bank Education Loan.
Get Expert Guidance
Our experts will help you through every step to select the best funding options for studying abroad.
Upload Required Documents
Submit the necessary documents for verification and loan processing.
Fast-Track Loan Approval
Receive approval within 48-72 hours without any hassle or visit.
What Our Customers Are Saying
GradRight aims to make higher education more accessible and affordable. We have helped thousands of students find the right college and secure education loans on easy terms.
If you want to avail of an education loan from Axis Bank, you must meet the following criteria:
You must be an Indian citizen.
Applicants have to be 18 and 35 years old.
Good academic performance at school and college is crucial.
You must pursue a graduate or postgraduate degree.
You should secure confirmed admission to an approved course.
Who can be a co-applicant for an Axis Bank Education Loan?
A co-applicant is a person who applies for the loan alongside the primary borrower. Your co-borrower can be:
Parents or legal guardian
Siblings
Spouse (if the applicant is married)
What is 100% education loan financing from Axis Bank?
100% financing means the Axis Bank Education Loan pays for all aspects of your education abroad.
This includes:
Tuition fees
Hostel fees
Library and laboratory fees
Books and study materials
Equipment and instruments
Travel expenses
Examination fees
Student health insurance premium
Purchase of laptop
How is the Axis Bank Education Loan disbursed?
At the beginning of each semester, the amount of tuition fee is directly remitted to the college or university. A certain amount for expenses is provided to the students through a savings bank account. The student is given debit and credit cards to withdraw this amount and use it for day-to-day expenses.
What is the Axis Bank Education Loan interest rate?
Axis Bank Education Loans have a 7.45% spread above the repo rate. Currently, the repo rate is 6.25% and the interest rate is 13.7%. However, for applicants with an attractive profil,e the bank offers some rebate in the interest.
Affordable Ed-Loans Up To 1.5 Cr. @ Just 8.47% for 🇺🇸 🇬🇧 🇮🇪 🇩🇪