Pursuing higher education is one of the most significant investments in a student’s life — and Axis Bank understands that dreams should never be limited by financial barriers. The Axis Bank Education Loan is designed to bridge the gap between ambition and affordability, helping students access top-tier education in India and abroad with ease.
Axis Bank offers customized education loan solutions with competitive interest rates, high-value funding, and flexible repayment options, ensuring that your learning journey remains smooth and worry-free.
Why Choose Axis Bank Education Loans?
- High-value loans up to ₹1.5 crore (without collateral) and even higher with security
- Attractive repo-linked interest rates starting from Repo + 3.5%
- No margin on education loans up to ₹4 lakh
- Pre-admission sanction available based on your profile
- Quick loan disbursal within 7–15 working days
- Tax benefits under Section 80E of the Income Tax Act
- No foreclosure or prepayment charges
Types of Education Loans Offered by Axis Bank
Axis Bank caters to a wide range of students pursuing various academic streams — from engineering and management to medicine, law, and international studies. The bank provides:
- Domestic Education Loans: For students studying at recognized Indian universities and institutions.
- Overseas Education Loans: For those aspiring to study abroad in reputed global universities.
- Executive & Professional Programs Loans: For professionals pursuing part-time or executive courses to enhance their careers.
Loan Details
- Minimum loan amount: ₹50,000
- Maximum tenure including moratorium: up to 20 years
- Moratorium period: Course duration + 1 year
- Coverage: Tuition fees, hostel charges, travel, books, and other education-related expenses
Loan Calculators for Smart Planning
Axis Bank provides easy-to-use online calculators to help students plan better:
- Education Loan EMI Calculator
- Tax Benefit Calculator
These tools ensure transparency and help you estimate your repayment obligations effectively.
Eligibility Criteria
- Applicant must be an Indian citizen
- Admission secured in recognized Indian or foreign institutions
- Co-applicant (parent/guardian) with a stable income
- Valid academic and KYC documents
Documentation Required
- Admission letter from the institution
- Academic mark sheets
- Income proof and KYC documents of applicant & co-applicant
- Fee structure and cost estimate from the institution
Additional Benefits of Axis Bank Education Loan
- Pre-visa disbursement facility
- Zero TCS on remittance (T&C applied)
- Option to transfer existing education loans to Axis Bank with nil fees
Do’s of Applying for an Education Loan
- Plan your budget: Include tuition fees, living costs, and travel expenses.
- Apply early: Allow time for loan processing and approval.
- Explore scholarships and grants: Reduce your financial burden wherever possible.
- Consider future opportunities: Ensure your chosen course provides good career prospects.
- Use tax benefits: Claim deductions under Section 80E for education loan interest.
Don’ts While Taking an Education Loan
- Neglect repayment terms: Understand your repayment obligations carefully.
- Rush through the application: Take time to read terms and conditions.
- Fail to communicate: Stay in touch with your lender for any financial assistance.
- Take multiple loans unnecessarily: Manage one consolidated education loan instead.
Apply Now
Students can conveniently apply online through the Axis Bank Education Loan Portal or visit the nearest branch for guidance.
Published on Scholarlify
This blog is published on Scholarlify, a dedicated platform that connects students to verified education loans, scholarships, and financial aid options across India. Scholarlify’s mission is to empower students by simplifying access to academic funding and supporting their journey toward a brighter future.