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Axis Bank - Education Loan

Private Bank

LOAN MARGIN : 10

COLLATERAL NEEDED

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Margin

10

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Collateral

Yes

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Loan Tenure

Upto 15 years

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Processing Fee

12% - 17%

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Early Repayment

Yes

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Living Cost

Yes

Secured Loan

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Amount

Up To 10.5L

Un-Secured Loan

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Amount

Up To 1.5L

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Features Of Axis Bank Abroad Education Loan

Axis Bank, founded in 1994 as UTI Bank, provides education loans to students studying in India or abroad. Axis Bank's education loans include benefits such as tax breaks, minimal documentation, and quick loan disbursement. Axis Bank is India's third largest commercial private bank. The amount of the student loan for study abroad ranges between Rs. 50,000 to Rs. 40 lakhs. Axis education loan not only assists students in meeting the financial requirements of studying abroad, but it also provides a 100% tax benefit on interest paid under Section 80(E) of the IT Act.


Axis Bank also offers government programmes like the Central Government Interest Subsidy Scheme (CSIS) for Economically Weaker Sections (income up to Rs. 4.5 Lakhs) as a scheduled commercial bank in addition to these features. Being a significant provider of educational loans, Axis Bank is aware of the demands of students and provides very competitive loans at lower interest rates. Axis Student loans help numerous students each year gain admission to prestigious institutions and colleges in India and overseas.

Features Education Loan Details
Loan amount Upto 10Cr (Collateral) Upto ₹40Lac (Without Collateral)
Margin money No margin for Prime & secured loans
Interest rate Below is the data and information about Axis Bank Education Loan Interest rate. 1. Loan Type - Education Loan 1.2 Loan Amount (Rs.) - Up to 4 Lakhs 1.3 Repo Rate - 5.40% 1.4 Spread - 9.80% 1.5 Effective ROI - 15.20% 2. Loan Type - Education Loan 2.1 Loan Amount (Rs.) - Loans greater than Rs. 4 Lakhs and up to Rs. 7.5 Lakhs 2.2 Repo Rate - 5.40% 2.3 Spread - 9.30% 2.4 Effective ROI - 14.70% 3. Loan Type - Education Loan 3.1 Loan Amount (Rs.) - Loans greater than Rs. 7.5 Lakhs 3.2 Repo Rate - 5.40% 3.3 Spread - 8.30% 3.4 Effective ROI - 13.70% Axis Bank Education loan processing time is 7-10 days whereas the processing fees are up to 2% of the loan amount + GST
Processing fee 0.38% to 0.75% +GST
Processing time 12 Working Days
Loan tenure 15 Years
Prepayment charges Nil
Countries covered USA, Canada, UK, Ireland, New Zealand, Australia, Germany and others