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Education Loan

Fuel your dreams with financial assistance for professional or technical education in India or abroad.


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Prime Institute (India) & (Abroad)

Special Rate of Interest offering


As per Axis Bank's Prime institutes approved list

Loan Amount

Minimum - Rs. 50,000; Maximum - upto Rs. 75 lakhs*


*Upper limits may be extended for special cases.Loan amount eligibility will be derived as per Bank's policy

Key Benefits

No Processing Fees
No Pre-Payment Charges
No Pre-Closure Charges

Features and Benefits

Loan Type Loan Amount (Rs) Effective ROI
Education Loan Upto 4 lacs 15.2%
Loans greater than Rs.4 lacs and upto Rs. 7.5 lacs 14.7%
Loans greater than 7.5 lacs 13.7%
** Special Pricing - For female applicants , an additional benefit of 25bps shall be applicable on the effective rates as mentioned in the grid above.

Marginal Cost Based Lending Rate (MCLR) – 8.5%

MCLR Reset frequency for Education Loans - Half Yearly

Customers who have availed disbursement/have received a sanction prior to March 31, 2016 will continue to operate on base rate. Existing customers can get in touch with our customer care, if they wish to switch to MCLR.

Schedule of Charges
Scheme Study Power
Loan Processing Charges Nil
Prepayment Charges Nil
No Due Certificate NA
Solvency Certificate NA
Penal Interest on delayed / overdue EMI @24% per annum i.e. @ 2% per month on the overdue installment/s
Charges for changing from fixed to floating rates of interest NA
Charges for changing from floating to fixed rates of interest NA

Other Charges
Sr. No Type Charges
Penalty on Return of Instrument / Repayment instruction Rs.500 plus GST as applicable per instance

W.E.F 1st July 2017

Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable).
For further details, please Click here


  • What is the time-frame for application decisioning?

Bank will convey its decision within 15 working days from the date of receipt of the application provided the application is complete...

  • What is the margin for Education loans?

No margin for education loans upto Rs 4 lacs. For loans above Rs 4 lacs, 5% margin for studies within India and 15% for higher studies...

  • What is the role of a guardian/parent in an education loan?

The parent(s) or guardian of the student would be treated as a co-applicant of the student loan. His or her role would be, necessarily...


Education loan

Get Axis Bank Education Loan

And fuel your dreams for higher education, in India or abroad



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