Axis Bank Ltd. is the third largest private bank in India and one of the most preferred loan providers with a network of over 3304 branches and over 14,003 ATMs across India. The Headquarter of the bank is in Mumbai. The bank offers a host of retail & corporate banking, lending, investments, advisory & treasury services. The bank also offers loans and fee-based products and services to Large, Medium and Small corporate customers, besides providing agriculture loans, and micro-financing services.

Axis Bank offers an excellent opportunity to the students who are going to study in India or abroad for their higher studies. Education loan is a boon for the students who are in need of financial support. Axis Bank provides such loan to the candidates who have secured admission in a reputed university/institution throughcommon entrance test/merit based selection process. Also, Axis Bank Study Power aims to provideAXIS Bank Education Loanto deserving students who have obtained admission to career based courses namely Engineering, Medicine, Management etc.

What is is India's foremost online financial marketplace for availing loans and investments. Our main objective is to make the process of getting a loan or making an investment safer, conv enient and hassle-free for individuals. We work with public and private banks, NBFCs and mutual fund houses across the entire country and offer an unbiased quotation on financial products. You can contact our team to get more information or apply for a loan or investment by calling on +918795021552 or by emailing at provides solutions which are quick, reliable, transparent, confidential and above all free.

Features & Benefits

Objective:To provide term loan to Indian students for pursuing higher education in India and abroad.
Margin: here is no margin for education loan upto Rs. 4 Lakhs. For education loan above Rs. 4 Lakhs, the margin is 5% for studying in India and 15% for overseas.
Processing Fees: There are no processing fees and other charges for availing Axis Bank education loan.

Students can avail high-value loans

  • Minimum - Rs. 50,000
  • Maximum upto Rs. 75 lakhs* for studies in India or abroad
  • The loan will cover tuition fees, hostel charges (if any), cost of books, etc.

*The quantum of loan is subject to eligibility and creditworthiness.

Easy Loan Disbursal: Within 15 working days of receipt of the filled application along with all documents required by the bank.

Benefits of Axis Bank education loan

Following are some of the advantages of applying for an educational loan with Axis Bank:

  • Low rate of interest
  • Minimal paperwork
  • Customized education loans & flexible repayment plans
  • Quick approval & disbursal
  • 100% education finance
  • Principal amount can be paid after the completion of the course
  • No margin money required for up to Rs. 4 lacs loan amount
  • No processing fees
  • No pre-closure charges


Axis Bank offers education loan to those students who have secured admission to reputed/accredited universitiesin India or abroad.

  • Courses eligible for an education loan from Axis Bank: Any graduation and post-graduation course in the following discipline :
    • Engineering
    • Medicine
    • Agriculture
    • MCA and MCM
    • Hotel and Hospitality
    • Management
  • Educational qualification required:
    • Student should have passed HSC (10+2) or graduation with at least 50% marks
    • He/she should have secured the admission after clearing the entrance exam or a merit based selection process

Documents Required

Documents required for Education Loan (salaried individuals)

  • Identity proof (any of the following):
    • Passport
    • Voter’s ID card
    • Driving license
    • PAN card
    • Aadhaar card
  • Latest salary slips showing salary being credited or Form 16 along with recent salary certificate
  • Address proof (any one of the following):
    • Bank account statement
    • Latest electricity bill
    • Latest mobile/telephone bill
    • Existing house lease agreement
  • Bank Statement/Pass Book of last 6 months
  • Optional – Guarantor Form
  • Copy of admission letter from the university or institute along with fees breakup
  • Marksheet/Certificate of the last attended highest education
  • Documents required for Education Loan (all other Individuals)

    • Two passport size photographs
    • Address Proof: Candidate and co-applicant (any one of the following)
      • Passport
      • PAN Card
      • Aadhaar Card
      • Driving License
      • Voter's ID
      • Electricity/Telephone Bill
    • ID Proof: Candidate and Co-applicant (Any one of the following)
      • PAN Card
      • Aadhaar Card
      • Passport
      • Voter's ID
      • Driving License
      • Passport
    • Academic Documents :
      • HSC and SSC Marksheet/Certificate
      • Entrance exam Marksheets of GMAT/GRE/IELTS/TOEFL/CAT (If applicable)
      • Scholarship Documents (if applicable)
      • Marksheet/Certificate of the last attended highest education
    • Admission Proof (If available) :
      • Proof of confirmed admission letter from university or institute
    • Documents required for the first disbursement
      • Demand Letter from university/institution
      • Loan agreement signed by applicant and co-applicants
      • Sanction Letter signed by applicant and co-applicants
      • Disbursement request form signed by applicant and co-applicants
      • Receipts of margin money paid to the university/institution along with bank statement featuring the transaction
      • Progress report, marksheet, Bonafide Certificate (Any one)
      • Form A2 signed by applicant or co-applicants in case abroad university/institution

Interest Rates

Education Loan
Loan Amount (Rs.)Effective ROI
Upto 4 lacs15.10%
Loans greater than Rs.4 lacs and upto Rs. 7.5 lacs14.60%
Loans greater than 7.5 lacs13.60%

Other charges

Sr. No.TypeCharges
1Penalty on Return of Instrument / Repayment instructionRs.500 plus GST as applicable per instance

*Special Note: Rates are subject to periodic change.


What documents do I have to submit to avail the interest subsidy scheme on education loan?

Reply: The following documents need to be submitted at the time of loan sanctioning to avail the interest subsidy scheme:

  • Income certificates as issued by appropriate authorities
  • Bona fide student certificate
  • The interest subsidy agreement, letter of undertaking cum declaration signed by borrowers.

I am planning to avail a loan of Rs.20 lakhs for doing my MS. Will I be able to avail the interest rate subsidy?

Reply: No, the interest rate subsidy is offered only to loan amount up to Rs.10 lakh and only to students pursuing further education in an Indian institution.

How long will it take for the bank to process my application?

Reply: After all necessary documents are submitted, the bank will convey its decision within 15 working days from the date of receipt.

What is the role of the parents when applying for an education loan?

Reply: The parents or guardian of the applicant will be treated as a co-applicant and a primary debtor.

How will the education loan be disbursed?

Reply: The student loan will be disbursed in full or suitable installments depending on the requirement of funds or fees. It will be directly disbursed to the educational institution or the vendor.

What is the maximum amount of loan one can avail for education in India?

Reply: The maximum amount of loan for education in India is Rs 10 lakhs. The quantum of loan can be increased, depending on the case.

How much time does the bank take to convey its decision?

Reply: Bank will convey its decision within 15 working days from the date of receipt of the application, provided the application is complete in all respects.

What is the margin for Education loans?

Reply: No margin for education loans upto Rs 4 lacs. For loans above Rs 4 lacs, 5% margin for studies within India and 15% for higher studies overseas.

What is the role of a guardian/parent in an education loan?

Reply: The parent(s) or guardian of the student would be treated as a co-applicant of the student loan. His or her role would be, necessarily, like the primary debtor.

What are the charges for late payment of EMI?

Reply: Rs 500 + taxes per cheque bounce and a penal interest @24% per annum i.e. @ 2% per month on the overdue installment(s).