Axis Bank Education Loan

The Axis Bank Education Loan is a commercial student loan product for Indian students pursuing higher education, including overseas study. The product offers secured loans up to INR 1 crore and unsecured loans up to INR 40 lakhs, and can cover tuition, living expenses, travel, insurance and equipment costs. Loan terms include a moratorium equal to course duration plus six months and repayment periods up to 15 years. Interest rates for collateralized loans start from 9.99% and other product-specific rates (for example GRE- or income-based products) are detailed by Axis Bank.

Access to loan funding for tuition, living expenses, insurance premium, equipment and laptop costs, books and one-way airfare; moratorium during study period plus six months; long repayment tenure up to 15 years.

Applicant should be an Indian citizen with minimum 50% in Class 12 and graduation, admitted to a higher education/STEM course; a co-applicant with a regular income and minimum CIBIL score (typically 600+ for co-applicants; 700 for some self-employed co-applicant cases) is required. Non-collateral loans require the university to be on Axis Bank's Prime A or Prime B list, or eligibility under specific products (GRE product, income-based product).

Apply to Axis Bank with required documents and a qualifying co-applicant; specific products (GRE-based, income-based) have additional eligibility criteria and may allow sanction without an offer letter. Contact Axis Bank or authorised field officers to confirm university Prime list status.