Axis Bank Education Loan 2025: A Complete Guide
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Axis Bank offer student loans for students aspiring to study in India or abroad. The interest rates range from 13.70% to 15.20%, with a repayment tenure of up to 15 years. Students can apply online or offline by submitting essential documents like academic transcripts, ID proof, and income statements.
Not every student manages to get a scholarship for their higher studies. Education loan is the only way to finance their dream of pursuing higher education. Axis Bank is a popular private bank which offers education loan for studying abroad or in India. Just like other student loan providers in India, they analyze students’ profiles before offering them loans.
Applicants can borrow up to INR 75 lakhs for higher studies without collateral. In some cases, this amount can go up to INR 1 Crore. Axis Bank education loan covers expenses like tuition fees, books expenses and accommodation rent. The ROI for Axis Bank study loan starts from 13.70%. In this article, we will cover every basic detail about borrowing a student loan from Axis Bank including eligibility, how to apply, fees and more.
- Axis Bank Education Loan
- Types of Education Loans at Axis Bank
- Axis Bank Education Loan Eligibility
- How to Apply for Axis Bank Education Loan?
- Axis Bank Education Loan Interest Rate
Axis Bank Education Loan
After HDFC Bank and ICICI Bank, Axis Bank is the largest private sector bank in India. It offers education loans to students who want to pursue higher education in India or abroad. The Axis Bank offer both unsecured and secured student loans depending on the student's profile and course type. Students can borrow up to INR 75 Lakhs without collateral as an education loan and no upper limit for secured loans. For top universities in the world and demanding programs, the unsecured loan amount is INR Crore.
Below, we have mentioned a quick overview of Axis Bank Education loan 2025:
| Overview of Axis Bank Education Loan 2025 |
|
|---|---|
| Loan Amount |
|
| Axis Bank Education Loan Interest Rate |
13.70% to 15.20% |
| Loan Coverage |
|
| Repayment Tenure |
Up to 15 years |
| Moratorium Period |
6 Months to 1 Year |
| Tax Benefits |
Income tax benefit on interest paid under Section 80E. |
| Application Process |
Students can apply online and offline |
Types of Education Loans at Axis Bank
The Axis Bank offers student loans for studying abroad or in India, with different schemes and terms. Having a better understanding of the various types of study loans offered by Axis Bank will help you select the best education loan for your needs.
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Check out the different sub-variants of Axis Bank Education Loan, mentioned below:
| Sub-Variants of Axis Bank Student Loans |
Key Features |
|---|---|
| Prime Abroad |
|
| Prime Domestic |
|
| GRE-Based Funding |
|
| Income-Based Funding |
|
| Loan for Higher Study |
|
| Loan for Working Professionals |
|
| Balance Transfer |
|
Axis Bank Education Loan Eligibility
To get financial help in the form of an education loan offered by Axis Bank, students need to meet the eligibility criteria set by the bank. Here is some point-wise eligibility for Axis Bank study loan:
- The applicant and co-applicant should be Indian citizens.
- The age of the applicant should be above 18 years.
- 50% or above marks should be in HSC and Graduation.
- Students enrolled in a demanding course such as Medicine, Engineering, and Management.
- Co-applicant must have a valid income proof
- Students must have secured admission based on entrance exam scores such as IELTS, GRE, GMAT or other standardized test
Other than this, the bank may ask you to fulfil additional eligibility criteria based on your profile. It is suggested to connect with any representative of Axis Bank for a better understanding of education loan eligibility.
How to Apply for Axis Bank Education Loan?
After completing the eligibility, the next step is to understand the application process for Axis Bank education loan. There are two ways to apply for a study loan offered by the Axis Bank.
Online Application Process:
- To apply online, students need to either visit the official website of Axis Bank’s website or Vidya Lakshmi Portal.
- Fill up the required details and then the bank representative will connect with you for further processing.
- Make sure, you have all the documents at the time of application.
Offline Application Process:
- Visit the nearest branch of Axis Bank
- You can directly reach out to the Education loan desk there.
- The bank representative will guide you throughout your study loan process.
List of Documents Required for Axis Bank Student Loan
At the time of study loan application, Axis Bank asks you to submit a few documents to verify your profile. This is a part of the education loan process and the objective is to ensure you are eligible for borrowing money. Check out the list of required documents to apply for Axis Bank Education loan:
| Documents Required for Axis Bank Student Loan |
|
|---|---|
| Form |
Axis Bank Education Loan application form |
| Passport Size Photos |
Two Passport-sized Photographs of the applicant/co-applicant |
| Government-Approved ID card |
|
| Age Proof |
|
| Address Proof |
|
| Income Proof (Co-applicant/Guarantor) |
|
| Academic Transcript |
|
| Collateral Security Documents |
|
| Other Documents |
|
Axis Bank Education Loan Interest Rate
What is the interest rate of Axis Bank Education loan for abroad studies? Well, this is the most important question asked by every applicant planning to borrow a student loan from Axis Bank. Just like other banks, Axis Bank keeps updating the ROI for student loans based on the current Repo rate. Below, Below, we have provided a table with the latest interest rates for Axis Bank student loans:
| Education Loan Amount |
Repo Rate |
Spread |
Effective Rate of Interest |
|---|---|---|---|
| Up to 4 lakhs |
6.50% |
8.70% |
15.20% |
| Above 4 lakhs and up to 7.5 lakhs |
6.50% |
8.20% |
14.70% |
| Above 7.5 lakhs |
6.50% |
7.20% |
13.70% |
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That's all about Axis Bank student loans. We hope that you have got the information you are looking for. The bank offers both secured and unsecured loans, ensuring accessibility for a wide range of applicants. Also, the easy process of education loan application makes it a convenient choice.
Education Loans By Other Banks
| Union Bank of India Education Loan | ICICI Bank Education Loan |
| Bank of Baroda Education Loan | Avanse Education Loan |
Contact India’s leading education loan providers through Shiksha Study Abroad Counselling Services. Also, do write to us in the comments below.
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Exam | Minimum Scores |
|---|---|
IELTS | 6.0 with at least 5.5 in each band |
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PTE | a score of 59 overall and 59 in each component. |
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