Looking for an Education Loan from Axis Bank?

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Education Loans from Axis Bank

Axis Bank offers a wide range of education loans to different segments of the student population. These loans are aimed at providing financial support to deserving students for pursuing higher education in India and abroad. As of November 2020, Axis Bank offers six education loans, each for a particular student segment or purpose.

The six education loans from Axis Bank are:

  1. Loan for Higher Study
  2. Prime Domestic Education Loan
  3. Prime Abroad Education Loan
  4. Education Loan for Working Professionals
  5. GRE-based Funding
  6. Income-based Funding

In addition, the bank offers one Government of India Interest Subsidy Scheme on education loans.

We give you a brief intro to each below. In addition, you have the option to click further and read in detail about four of these loans and the interest subsidy scheme on a specific page of their own. This specific page has been made specifically for you to get all the information you need on that loan in an uncluttered and easy-to-read format. In case information is less or not available (GRE-based and Income-based funding in this case), we have been not been able to create an information page as yet, but we may do so in the course of the next few months.

Axis Bank Education Loan for Higher Studies

This loan helps students realise their dreams of pursuing higher education at recognised educational institutions in India or abroad. The maximum loan amount one can get depends on the cost of the study programme and the repayment capacity of the borrower up to a ceiling of Rs. 75 lakh.

Features of Axis Bank Education Loan for Higher Study

Why this Loan?

  • The loan is meant to help students who have secured admission into a higher education course in a recognised institution in India or abroad through Entrance Test or Merit-based Selection Process
  • This Axis Bank Education Loan for Higher Studies is disbursed as a series of payments over the required number of years and not as a lump sum
  • The loan can be taken for all expenses directly related to the course including for fees, purchase of books, laptops, hostel fees, lab fees, examination fees, etc.
  • Students can get a loan sanction letter before admission based on their profile. The bank conveys its decision about the education loan within 15 days of receiving the complete loan application with necessary documents

Axis Bank Prime Domestic Education Loan (for Studying at Premier Institutes in India)

This Axis Bank study loan helps students finance their higher education at premier educational institutions in India. The maximum loan amount one can get is Rs. 40 lakh for the Prime Domestic Education Loan.

Features of Axis Bank Prime Domestic Education Loan Scheme

Why this Loan?

  • The loan is meant to help students who have secured admission into a higher education course in a premier in India through Entrance Test or Merit-based Selection Process
  • This Axis Bank Prime Domestic Education Loan is disbursed as a series of payments over the required number of years and not as a lump sum
  • Students can get a loan sanction letter before admission based on their profile

Axis Bank Prime Abroad Education Loan (for Studying at Premier Institutes Abroad)

This loan scheme helps Indian students get funds to realise their dreams of pursuing higher education at premier educational institutions abroad. The maximum unsecured loan amount one can get is Rs. 40 lakh for this loan.

Features of Axis Bank Prime Abroad Education Loans

Why this Loan?

  • The Axis Bank Prime Abroad Education Loan is meant to help students who have secured admission into a higher education course in a premier educational institution abroad through Entrance Test or Merit-based Selection Process
  • It is disbursed as a series of payments over the required number of years and not as a lump sum
  • The loan can be taken for all expenses directly related to the course including for fees, purchase of books, laptops, hostel fees, lab fees, examination fees, etc.
  • The loan comes with a multi-currency Forex Card

Axis Bank Education Loan for Working Professionals

This Axis Bank education loan helps working professionals finance their education easily. The maximum loan amount for unsecured loans is Rs. 20 lakh. For secured loans, the maximum loan amount depends on the cost of the study programme and the repayment capacity of the borrower up to a ceiling of Rs. 75 lakh.

Features of Axis Bank Education Loan for Working Professionals

Why this Loan?

  • The Axis Bank Education Loan for Working Professionals is meant to help working professionals who have secured admission into a higher education course such as an Executive programme in a recognised institution through Entrance Test or Merit-based Selection Process
  • This loan is disbursed as a series of payments over the required number of years for all expenses directly related to the course including for fees, purchase of books, laptops, hostel fees, lab fees, examination fees, etc.
  • The bank offers a loan sanction letter before admission based on the borrower’s profile

Axis Bank GRE-based Funding

Axis Bank offers financial assistance to students who want to pursue higher education in engineering at a foreign university based on their GRE score. This is an unsecured loan.

Features of Axis Bank GRE-based Funding

Why this Loan?

  • The loan is meant for students who have secured admission in a higher education course in engineering from abroad through an Entrance Test or a Merit-based selection process
  • Disbursed as a series of payments over the required number of years and not as a lump sum
  • Students can get a loan sanction letter before admission based on their profile
  • It is a need-based loan. The loan amount sanctioned depends on the GRE score of the student
  • It must be repaid within 10 years

Axis Bank Income-based Funding

This Axis Bank student loan scheme helps students get financial assistance to pursue higher education in India and abroad based on the income of the co-applicant. This is a need-based loan.

Features of Axis Bank Income-based Funding

Why this Loan?

  • The loan is meant to help students pursue higher education in India and abroad. The loan amount sanctioned by the bank to the student depends on the income of the co-borrower
  • The maximum unsecured loan is capped at Rs. 40 lakh
  • This loan must be repaid within 10 years

Axis Bank Government of India Interest Subsidy Scheme

Axis Bank offers one Government of India Interest Subsidy Scheme on education loans for meritorious and deserving students. The scheme is:

  1. Central Sector Subsidy Scheme

Reference Facts

  • Axis Bank Website: www.axisbank.com
  • Headquarters: Mumbai, Maharashtra
  • Call Centre Number: 1860 419 5555, 1860 500 5555