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AXIS Bank

AXIS Bank

Axis Bank is one of the best banks in India for applying for a student loan. Their loans range from Rs 7 lakh to Rs 75 lakh or more, meaning you can easily finance your dream degree. Loans are available for educational institutions both in India and abroad in courses like medicine, engineering, management, etc.

Axis Loan Features:

∙ Unsecured Loan up to Rs. 40 Lakhs for higher Education 

∙ Long repayment tenure up to 15 years 

∙ Tax benefit U/S 80 (E) 

∙ Effective Processing Fees of 0.38% of the Total Loan amount sanctioned 

∙ Door Step Service 

∙ No pre-payment / Pre-closure charges 

∙ GRE based unsecured funding* 

∙ Unsecured funding based on co-applicant profile* 

∙ Floating ROI (linked to Repo Rate) 

∙ The pre-admission sanction for MS-US & Canada courses 

∙ Pre-Visa disbursement for Australia, Canada, NZ, Germany course 

∙ Funding for Executive Programs 

Loan Variants:

Prime Funding

∙ Unsecured education loan to students going to top universities in India and Abroad up to 40 Lakhs. 

Loan For Higher Study

∙ Education loan for pursuing higher education in India or abroad 

∙ No Collateral security up to 7.5Lakhs 

Gre-Based Funding 

∙ Unsecured funding to students going to abroad universities only on the basis of GRE score 

∙ Max Unsecured Loan Amount:  

o GRE Score >300 - <=315 : 3o Lacs 

o GRE Score >315 - <=320 : 4o Lacs 

Pre-Admission Sanction

∙ Pre-Admission Sanction can be given to students if they are yet to receive an admission letter from any university 

 ∙ Applicable only for the US and Canada MS courses if GRE score is >=300 

∙ The final sanction letter will be issued once the college and course gets finalized 

Income-Based Unsecured Funding  

∙ Unsecured funding only on the basis of co-applicants’ income and location 

∙ All course and institutes in India and Abroad are eligible under this program. 

∙ Unsecured Loan Limit:  

o Co-applicant income >=75k/m or ITR of 9L/annum : 20L  

o Co-applicant income >=1L/m or ITR of 12L/annum : 30L  

o Co-applicant income >=1.5L/m or ITR of 18L/annum : 40L  

Loan For Working Professionals

∙ Unsecured Loan up to 40 Lakhs to executive/ working professionals courses 

∙ No co-applicant 

∙ Loan repayment tenure up to 10 yrs 

Balance Transfer

∙ Switch your existing high-cost Education Loan & reduce your monthly EMI 

∙ No Processing Fees



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