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Axis Bank

Axis Bank Education Loan

  • 100% Collateral-free Funding
  • Competitive & Fixed Interest Rates
  • Minimal Documentation
  • Hassle-free Process

Free Education Loan Assistance from Top Education Loan Lenders in India.

Interest Rate Starting From 9.99%

Loan Amount Upto 1.5 Crore

Process Fees 5,000 + Gst

How Axis Bank Education Loan Abroad Works

Simple 4 Step Process to obtain an Education Loan

1
2
3
4
Loan eligibility check

Based on your course, country, and co-applicant profile.

Loan types

You can get an unsecured loan up to Rs. 50 Lakh (on entrance exam basis) and Rs. 20 Lakh (for working professionals with no co-applicant). There is no upper limit for secured loans.

Repayment

Only simple interest during your study + 6 to 12 months moratorium. Full EMIs start after that.

Application process

Done through Axis Bank or Spoctree for faster and smoother processing.

Axis Bank Education Loan for Abroad Studies

Getting into your dream university abroad is a proud moment, but the costs can feel overwhelming. That`s where an Education Loan for abroad study steps in. Spoctree helps you compare multiple loan options quickly, and one of the top picks for abroad studies is the Axis Bank Study Abroad Loan.

Features of Getting an Unsecured Axis Bank Education Loan Abroad

  • Loan Amount:
    • Up to Rs 1.5 Cr*, whereas there is no upper limit for a secured Education Loan.
    • Additional benefits
      • Pre-visa disbursement facility available
      • Unsecured loans up to Rs 50 lakh based on entrance exam scores
      • Unsecured loans up to Rs 20 lakh to working professionals with no co-applicant
  • Interest Rate: Depends on the loan amount
  • Repayment: Simple interest during study period and MI starts after 6-12 months moratorium period
  • Processing Fee: Up to 2% of the loan amount + GST
  • Margin Money: Decided by the Bank
  • Loan Tenure: Up to 15 years
  • Foreclosure charges: None

Benefits of Getting an Axis Bank Education Loan Abroad

  • 100% Finance: Covers full cost for top universities without needing collateral
  • Quick Approval: Loan approval in 5-7 days if you go via Spoctree
  • Customised Document List: Saves time with exact paperwork needed
  • Tax Benefit: Under Section 80E of the Income Tax Act
  • Subsidy Schemes: Available for economically weaker sections (income up to ₹4.5 lakh)

Eligibility for Unsecured Axis Bank Education Loan Abroad

  • Must be Indian citizens (applicant + co-applicant)
  • Applicant should have a minimum 50% or above in 12th and graduation
  • Gain admission to career-focused courses such as medicine, engineering, management, etc., at either graduate or postgraduate levels.
  • Securing admission in India or abroad based on entrance exams or a merit-based selection process after completing 12th.
  • It`s mandatory for the co-applicant (parents, sibling, or guarantor) to provide proof of regular income

Interest Rate of Axis Bank Education Loan for Studies in India and Abroad

Loan type In India Abroad
Up to ₹4 Lakhs 10.71% 10.85%
₹4 Lakhs to ₹7.5 Lakhs 12.29% 10.93%
Above ₹7.5 Lakhs 13.50% 10.93%
Note: These are floating rates and subject to change.

EMI Payment Methods for Axis Bank Education Loan Abroad

  • Standing Instructions (SI): Auto-debit from Axis Bank account
  • Electronic Clearing Service (ECS): Auto-debit for non-Axis account holders
  • Post-Dated Cheques (PDCs): For areas where ECS isn`t available
Tip: SI and ECS are more reliable and faster than PDCs.

How to Apply for an Axis Bank Abroad Education Loan?

  • Online:
    • Visit Axis Bank`s official site or compare lenders on Spoctree
    • Fill in the basic details and submit
    • A loan officer will contact you
  • Through Spoctree:
    • Check your eligibility online
    • Get a personalised document checklist
    • The Axis officer collects the documents
    • Loan gets processed in 5-7 working days
  • Offline:
    • Visit any Axis Bank branch and fill out the loan form
    • Submit the documents manually
Apply Now

Frequently Asked Question

Axis Bank offers up to Rs 1.5 Cr*, whereas there is no upper limit for a secured Education Loan.
To be eligible, you must be an Indian citizen with 50% marks in 12th and graduation, have confirmed admission, and a co-applicant with regular income proof is mandatory.
Yes, Axis Bank provides unsecured Education Loans of up to ₹1.5 crore.
The bank specifies the interest rate based on the loan amount.
You can apply through Axis Bank’s website or through Spoctree, which helps you compare offers and submit documents faster.
Axis Bank loans are available for universities in popular study destinations like the USA, UK, Canada, Australia, Germany, and more.
Basic KYC, admission letter, fee structure, academic records, and income proofs of the co-applicant are required. Additional documents may be needed for disbursement.
If all documents are in order, the loan can be approved within 5-7 working days when applied through Spoctree.
The moratorium period includes the course duration plus 6 to 12 months, during which you only need to pay simple interest.
Yes, Axis Bank offers an online EMI calculator where you can input your loan details and get an estimate.
Yes, you can claim a tax deduction on interest paid under Section 80E of the Income Tax Act.
Yes, Axis Bank may offer top-up loans for added costs, depending on your repayment history and eligibility.
The loan is disbursed in instalments directly to the university based on their fee demand letter.
Axis Bank is known for faster approvals, flexible collateral-free options, and tax benefits. However, it`s best to compare with Spoctree.
You can repay the loan over a maximum tenure of 15 years, giving you flexibility to manage your finances after graduation.