Private Bank & NBFCEst. 2010
Axis Bank Education Loan
एक्सिस बैंक शिक्षा ऋण
Axis Bank's education loan offering up to ₹75 Lakh collateral-free for premier colleges and up to ₹2 Crore with collateral for study abroad.
Max Loan Amount
Up to ₹75 Lakh (Unsecured for Premier Institutes) / Up to ₹2 Crore (With Collateral)
Interest Rate
9.75% – 13.00% p.a. (Floating rate linked to Axis Bank Repo Rate)
Moratorium Period
Course duration + 6 months
Repayment Tenure
Up to 15 years
✦ What the Loan Covers (Eligible Expenses)
Tuition, hostel, accommodation, air travel, laptop, and living expenses.
What is Missing: Honest MITC Policy Gaps, Hidden Clauses & Costs
Eligo disclosure: Bank loan brochures and DSA agents rarely highlight these conditions. Verify before signing your loan agreement.
Processing fee of up to 1.00% + GST applies; interest during moratorium is compounded unless serviced monthly; parent/spouse/co-borrower must have minimum CIBIL score of 700; unsecured loans up to ₹75L restricted strictly to Axis Prime institute roster.
✦ Collateral & Margin Money Terms
Collateral & Guarantee Requirement:
Nil collateral up to ₹75 Lakh for Prime list colleges; Tangible property or financial assets for non-listed institutions or loans above ₹75 Lakh.
Margin Money (Borrower Contribution):
Nil for premier listed institutes; 5% to 15% for other colleges.
✦ Eligibility Requirements
Indian citizen with minimum 50% marks in 10th/12th/Graduation and confirmed admission in recognized higher education institution in India or abroad.
✦ Government Subsidies & Rate Concessions
Non-government product; not eligible for CSIS or PM-Vidyalaxmi central interest subsidies.
✦ Required Documents Checklist
Axis Bank application form, PAN & Aadhaar of applicant and co-applicant, admission letter, fee structure, 3-month salary slips / Form 16, 6-month bank statement.
✦ How to Apply Step-by-Step
1. Apply online on axisbank.com.
2. Instant in-principle sanction generation.
3. Document verification by Axis Bank home branch.
4. Sanction letter issued.
5. Disbursal directly to institute.Official Portal
Official Portal / Lender Domain
Apply or verify directly on the official banking portal
✦ Frequently Asked Questions
What is the maximum unsecured loan amount from Axis Bank?▼
Up to ₹75 Lakh without collateral for select premier domestic and international universities listed under Axis Bank's Prime category.
Is pre-visa disbursement possible with Axis Bank?▼
Yes. Axis Bank provides disbursement prior to visa for countries like Germany (Blocked Account) and Canada (GIC).
Is there a prepayment penalty for Axis Bank education loans?▼
No prepayment penalty is levied on floating rate education loans for individuals.