Axis Bank Education Loan for Abroad Studies

Fund Your Education with Axis Bank Education Loan

Get ready to pursue your higher education abroad with flexible and affordable financing from Axis Bank.

Overview of Axis Bank Education Loans

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 loans up to ₹1 crore for study abroad

GRE score-based unsecured loans up to ₹50 lakhs

100% loans with repo rate-linked interest rates

Free multi-currency forex card with 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

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Prepayment Charges

Axis Bank

Interest Rates

Loan Amount

Processing Fees

Collateral Requirement

Pre-Visa Loan Approval

Repayment Flexibility

Loan Coverage

Loan Disbursement Speed

Prepayment Charges

Other Banks & NBFCs

Interest Rates

Loan Amount

Processing Fees

Collateral Requirement

Pre-Visa Loan Approval

Repayment Flexibility

Loan Coverage

Loan Disbursement Speed

Prepayment Charges

How to Apply for an Axis Bank Education Loan?

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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.

2.5 Lakh

Student Served

1,304+ Cr

Savings

25,000+ Cr

Worth Loans

Get up to 100% funding with fast approvals and flexible repayment plans.

Frequently Asked Questions

Who is eligible for an Axis Bank Education Loan?

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.