If you are looking for an Education Loan for yourself or your ward, you have come to the right place. Axis Bank provides Education Loans for students looking to pursue higher education in India or abroad, at attractive interest rates. With an Axis Bank Education Loan, you can avail of a loan amount upto Rs. 75 Lakhs along with speedy disbursals and easy repayment options for effective loan servicing. Find out the Education Loan interest rates below.
||Loan Amount (Rs.)
||Up to 4 Lakhs
|Loans greater than Rs. 4 Lakhs and up to Rs. 7.5 Lakhs
|Loans greater than 7.5 Lakhs
** Special Pricing - For female applicants, an additional benefit of 25 bps shall be applicable on the effective rates as mentioned in the grid above.
Marginal Cost Based Lending Rate (MCLR) – 8.7%
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|
|Loan Processing Charges
|No Due Certificate
|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
|Charges for changing from floating to fixed rates of interest
Education Loan Charges
Fulfil your dreams of higher education with easy and hassle-free Education Loans at attractive interest rates from Axis Bank. Find out the Education Loan charges below.
||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).
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