In a knowledge economy that we live in today, education plays a pivotal role. Education empowers us to reach new heights in our career, enables to live a respectable life, elevates our standard of living, aids accomplish financial goals,
and much more!
Education is a long-term personal investment that has the potential to generate returns like none other.
With an education loan, you can make your dreams come true. The loan is available for career-oriented courses like medicine, engineering, management, etc. either at a graduate or post-graduate level in prime institutes in India and abroad.
The loan covers tuition fees, examination fees, library subscription, cost of books, needed lab tools/equipment, laptop/computer, hostel charges (if any), and so on.
Students can directly apply for an education loan. However, their parent(s) or guardian will be treated as co-applicants, and their role will
be akin to a primary debtor (a person who owes money).
But before you apply for an education loan, as a prudent loan planning exercise, assess how much the Equated Monthly Instalment (EMI) will be.
Axis Bank’s Education Loan EMI calculator is an automated tool that will quickly let you know your EMI.