Axis Bank's Education Loan aims to provide the much needed financial support to deserving students for pursuing higher professional or technical education in India and abroad. The education loan would be provided to those students who have obtained admission to career-oriented courses e.g. medicine, engineering, management etc., either at the graduate or post-graduate level. We believe, given the right tools and aid every child has the potential to be successful. Our education loans aim to be the very tool that will enable them to reach their goals in life. No more would a deserving student have to give away their pursuit of dreams due to lack of money. Our student loans will ensure that worthy students are empowered to take their destiny in to their own hands. Our endeavour is to help the future of our nation in education and prosperity.

Rate of Interest

  • 1.Education Loan:
  • 2. Up to Rs.4 lakhs-Base Rate + 7%
  • 3. Loans from Rs.4 lakh up to Rs.7.5 lakhs-Base Rate + 8%
  • 4. Loans greater than Rs.7.5 lakhs-Base Rate + 6%
  • 5. Education Loan for Girl Student:
  • 6. Up to Rs.4 lakhs-Base Rate + 6.50%
  • 7. Loans from Rs.4 lakhs to Rs.7.5 lakhs-Base Rate + 7.50%
  • 8. Loans greater than 7.5 lakhs-Base Rate + 5.50%

Eligibility for Educational Loan


1.The applicant should be a resident of India.

2.The applicant should have been selected for an undergraduate or graduate, professional, job-oriented course such as medicine, engineering in a recognized university, college or institute.


About the Bank


Axis Bank Limited (formerly UTI Bank) is the third largest private sector bank in India. Although classified as a private sector bank, Axis Bank's promoters ( UTI, LIC and GIC, which collectively held approx. 34% of the shares as at 31 December 2013), are all entities owned and controlled by the Government of India.


FAQ Loan


1.How long will it take for the bank to process my application?

After all necessary documents are submitted, the bank will convey its decision within 15 working days from the date of receipt.

2.What is the role of the parents when applying for an education loan?

The parents or guardian of the student applicant will be treated as a co-applicant and a primary debtor.

3.How will the education loan be disbursed?

The student loan will be disbursed in full or suitable instalments depending on the requirement of funds or fees. It will be directly disbursed to the educational institution or the vendor.