Axis Bank Education Loan , Students loan details , Education Loan Interest Rates , Eligibility , Application Form

Axis Bank

Axis Bank’s Educational Loan

Objective of the Scheme:

Axis Bank's Education Loan aims to provide the much needed financial support to deserving students for pursuing higher professional or technical education in India and abroad. The education loan would be provided to those students who have obtained admission to career-oriented courses e.g. medicine, engineering, management etc., either at the graduate or post-graduate level.

Eligibility of the Student  :

  • The student should be an Indian National
  • The student  should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test / Merit Based Selection process after completion of HSC ( 10 plus 2 or equivalent ). Where the admission is purely based on the marks scored in qualifying examinations then the cutoff marks for loan eligibility is 60%.
  • Students admitted under management quota are also eligible for loan.

Age Limit :

There is no specific restriction with regard to the age of the student to be eligible for education loan.

Liability of Finance :

Quantum of Finance :

The quantum of finance under the scheme is capped at Rs 10.00 lacs for studies in India and Rs 20.00 lacs for studies abroad, which would cover tuition fees, hostel charges ( if any ), cost of books, etc. The minimum amount of education loan would be Rs 50,000.

Margin :

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.

Moratorium : NIL

Processing Fee / Mortgage Charges : NIL

Rate of Interest :


Loan amount (Rs.)

Base Rate + Mark Up

Effective Rate Of Interest

1. Education Loan

Upto Rs. 4 lacs

Base rate + 7.00%


Loans greater than Rs. 4 lacs and upto Rs. 7.5 lac

Base rate + 8.00%


Loans greater than 7.5 lacs

Base rate + 6.00%


2. Education Loan for Girl Child

Upto Rs. 4 lacs

Base rate + 6.50%


Loans greater than Rs. 4 lacs and upto Rs. 7.5 lacs

Base rate + 7.50%


Loans greater than 7.5 lacs

Base rate + 5.50%


For Application Form, Visit the link :

For more Details, Kindly refer the following link :




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