Axis Bank Education Loan
Axis Bank Education Loan
For Studying Abroad
Free Education Loan Assistance From Collegepond!
Interest Rate
Starting from 9.99%
Loan Amount
Upto 1 Crore
Processing Fees
Upto 0.5% + GST
Education Loan Process at Collegepond
Simple 4 Step Process to Obtain an Education Loan via Collegepond!
Verify Your Education
Loan Eligibility
Use our free tool to check your eligibility and access conditional loan options instantly.
Connect with our
Education Loan Advisors
Consult our dedicated loan advisors for personalized guidance and process insights.
Share Documents and
Complete the Application
Submit your documents and fill out the required forms for bank verification and review.
Secure the Best
Education Loan Offer
Our experts negotiate for you to secure the lowest interest rates and maximum loan amount.
Education Loan Approval
and Fund Disbursement
Receive the sanction letter and enjoy hassle-free disbursement of funds from the lender.
Connect with Our Education Loan Advisors
Consult our dedicated loan advisors for personalized guidance and process insights.
Share Documents and Complete the Application
Submit your documents and fill out the required forms for bank verification and review.
Secure the Best
Education Loan Offer
Our experts negotiate for you to secure the lowest interest rates and maximum loan amount.
Education Loan Approval and Fund Disbursement
Receive the sanction letter and enjoy hassle-free disbursement of funds from the lender.
Why Choose Axis Bank for Education Loan?
All You Need to Know about Axis Bank Education Loan
Table of Contents
About Axis Bank
Axis Bank, one of India’s leading private sector banks, has been at the forefront of providing a comprehensive range of financial products and services to individuals, businesses, and corporations. Established in 1993 as UTI Bank, the bank rebranded to Axis Bank in 2007 and has since expanded its presence across the country and internationally. Headquartered in Mumbai, Maharashtra, the bank operates with a customer-centric approach, guided by its tagline “Dil Se Open.” Under the leadership of CEO Amitabh Chaudhry (as of 2025), Axis Bank continues to drive financial inclusion and innovation, offering cutting-edge banking solutions that cater to diverse financial needs.
Unique Features
- Axis Aha! – AI-powered chatbot for customer support.
- Burgundy: Premium wealth management services for high-net-worth individuals.
- Wide ATM and branch network across India, with over 4,800 branches and 17,000+ ATMs.
Recent Initiatives
- Focus on green banking and sustainability.
- Digitization of services to improve customer experience.
- Expansion of the credit card portfolio through partnerships (e.g., Flipkart Axis Bank Credit Card).
Awards & Recognition
- Recognized as one of India’s most trusted banks.
- Awarded for excellence in digital banking and innovation.
Key USPs
- Unsecured Loans: Up to ₹1 Crore for select premier courses abroad without the need for collateral.
- Comprehensive Coverage: Loan amount covers tuition fees, hostel charges, living expenses, travel, books, equipment, and other related costs.
- Tax Benefits: Interest paid on the education loan is eligible for tax deduction under Section 80E of the Income Tax Act.
- No Prepayment & Foreclosure Charges: Students can repay their loan early without any additional charges.
- Doorstep Service: Personalized assistance throughout the loan application and disbursement process.
- Funding for Executive Programs: Specialized loan schemes designed for working professionals and executive education programs.
- Flexible Repayment Options: Customized repayment plans to ease the financial burden on students and their families.
- Dedicated Loan Support: A team of experts to guide applicants through the loan process, ensuring smooth approval and disbursement.
Eligibility Criteria
For the Applicant:
- Must be an Indian citizen.
- Must have secured at least 50% marks in HSC (10+2 or equivalent) or Graduation (as applicable for the respective loan).
- Must have secured admission in a recognized university/college/institution in India or abroad.
- Must be able to submit necessary documents to prove the ability to repay the loan (if applicable).
For the Co-Applicant:
- A co-applicant is mandatory for the loan application.
- The co-applicant must be an immediate family member such as a parent, sibling (above 18 years), spouse, or parent-in-law.
- Must show proof of income to support the repayment of the loan.
Required Documents
1. Documents for Education Loan for salaried individuals:
- KYC documents
- Bank Statement/Pass Book of last 6 months
- Optional – Guarantor Form
- Copy of admission letter of the Institute along with fees schedule
- Mark sheets/passing certificates of S.S.C., H.S.C, Degree courses
- Last 2 years ITR complete set of documents
2. Documents for Education Loan for all other Individuals
- KYC documents
- Bank Statement/Passbook of last 6 months
- Optional – Guarantor Form
- Copy of admission letter of the Institute along with fees schedule
- Mark sheets/passing certificates of S.S.C., H.S.C, Degree courses
- Last 2 years ITR complete set of documents
Application Process via Collegepond
While specific details about applying through Collegepond are not provided in the available sources, the general application process with Axis Bank involves:
- Connect with Our Education Loan Advisors: Consult our dedicated loan advisors for personalized guidance and process insights.
- Share Documents and Complete the Application: Submit your documents and fill out the required forms for bank verification
Secure the Best Education Loan Offer: Our experts negotiate for you to secure the lowest interest rates and maximum loan amount.
- Education Loan Approval and Fund Disbursement: Receive the sanction letter and enjoy hassle-free disbursement of funds from the lender.
Interest Rate
The rate of interest in Axis Bank starts at 9.99%. For loans with collateral, applicants will be charged an interest rate between 9.99% – 11%, and for loans without collateral, the interest rate ranges between 10.75% – 13%.
Loan Disbursement Process:
Application Process:
- Application Submission: Complete the education loan application form and gather all required documents.
- Document Verification: Axis Bank reviews the submitted documents for completeness and accuracy.
- Loan Sanctioning: Upon successful verification, the bank sanctions the loan and issues a sanction letter.
- Disbursement: Funds are disbursed directly to the educational institution as per the fee schedule.
Required Documents for Loan Disbursement:
- Initial Disbursement:
- Submission of the institution’s demand letter.
- Signed loan agreement and sanction letter by both applicant and co-applicant.
- Evidence of margin money paid to the institution.
- Collateral security documents, if applicable.
- Subsequent Disbursements:
- Based on the institution’s fee schedule and satisfactory academic progress.
Loan Processing Charges:
Axis Bank charges a processing fee for education loans to cover administrative and processing costs associated with loan approval and disbursement. The loan processing charge is 0.75% of the sanctioned loan amount, plus applicable GST as per government regulations.
Income Tax Benefits under Section 80E
Axis education loan does not just help students to realize the financial requirements of studying abroad but also offers a 100% tax benefit to them on the interest paid under Section 80(E) of the IT Act. Other than these features, as a scheduled commercial bank, government schemes such as Central Government Interest Subsidy Scheme (CSIS) for Economically Weaker sections (income up to Rs. 4.5 Lakhs) are available at Axis Bank.
Choose from the Best Loan Partners
Testimonials
I’m extremely grateful to Collegepond for securing the right education loan for my study abroad journey. The entire process was seamless, with no documentation hassles. Their dedicated support and expert guidance ensured everything went smoothly. I highly recommend Collegepond for stress-free financial assistance. Thank you once again!
Collegepond provided exceptional support in my study abroad journey, making my MS application process seamless. Their professionalism and prompt responses addressed all my concerns. Special thanks to Sai Teja from the finance team for his invaluable guidance in securing my education loan. I highly recommend Collegepond for reliable education loan and higher education assistance!
I highly recommend Collegepond to anyone pursuing study abroad opportunities. Their expertise and dedication were evident throughout my journey. Kavita’s assistance made my education loan process seamless, while Harshali’s mock interviews boosted my confidence. Their personalized guidance eased the process, making my dream a reality. Truly grateful for their exceptional support!
I had an amazing experience with Collegepond in Mumbai during my study abroad journey, especially with Ms. Zainab Qureshi. Her dedication and professionalism made my loan process seamless. She provided constant support, detailed guidance, and proactive follow-ups. I highly recommend Collegepond and Ms. Zainab for reliable and efficient loan consultancy services!
I had a wonderful experience with Collegepond during my study abroad journey, especially with Mukesh, who provided exceptional education loan support. He explained everything clearly and resolved issues promptly. His dedication ensured a smooth process. I highly recommend Mukesh and Collegepond for reliable and professional financial guidance!
Thanks to Collegepond, my son can now pursue his study abroad dream—his Master's in IT and Analytics at Rutgers Newark. After months of PSU bank delays, Collegepond secured his education loan within a month. Their seamless process, expert guidance, and quick approvals made all the difference. Truly grateful for their exceptional support! Testimonial by Aditya’s Father
I highly recommend Collegepond for study abroad and education loan support. Their expertise made my journey seamless. Kavita ensured a hassle-free loan process, while Harshali’s mock interviews boosted my confidence. Their personalized guidance eased every step, making my dream a reality. Truly grateful for collegepond education loan teams exceptional support!
Collegepond Loan Services are ideal for study abroad aspirants seeking an education loan. Their network offers great rates and seamless processing. The team’s guidance made my loan journey smooth, and their quick FOREX services impressed me. Highly recommend Collegepond for hassle-free financial support. Truly grateful for their support!
FAQ's
What is the maximum loan amount offered by Axis Bank for education loans?
Axis Bank provides education loans up to ₹1 Crore for premier courses abroad. Higher amounts can be sanctioned with collateral.
What are the eligibility criteria for an Axis Bank Education Loan?
To qualify, the applicant must be an Indian citizen, have secured admission in a recognized university in India or abroad, and have a co-applicant with a stable income source.
What is the interest rate for Axis Bank Education Loans?
Axis Bank offers secured loans at 11%–13% interest and unsecured loans at 10.75%–13%. However, with Collegepond, you can get secured loans at 9.99%+ and unsecured loans at 10.5%+.
Does Axis Bank provide education loans without collateral?
Yes, Axis Bank offers unsecured education loans up to ₹1 cr for premier courses abroad.
What expenses are covered under the Axis Bank Education Loan?
The loan covers tuition fees, hostel charges, books, equipment, travel expenses, and other education-related costs, ensuring comprehensive financial support.
Can I get a tax benefit on my Axis Bank Education Loan?
Yes, under Section 80E of the Income Tax Act, you can claim a tax deduction on the interest paid for the education loan, reducing your taxable income.
Is there a moratorium period for Axis Bank Education Loans?
Yes, the moratorium period includes course duration + 6 months after course completion before repayment begins.
What is the repayment tenure for Axis Bank Education Loans?
The repayment tenure can extend up to 20 years after the moratorium period, allowing flexible EMI options for students.
Are there any prepayment or foreclosure charges on Axis Bank Education Loans?
No, Axis Bank does not charge any prepayment or foreclosure fees, allowing borrowers to repay early without penalties.
How long does Axis Bank take to process an education loan?
Loan processing typically takes 7-15 working days, depending on documentation and eligibility.
Does Axis Bank provide doorstep service for education loan processing?
Yes, Axis Bank offers personalized doorstep services, assisting applicants throughout the loan process, from application to disbursement.
Does Axis Bank offer loans for executive education programs?
Yes, Axis Bank provides specialized loan schemes for executive education programs and working professionals.
What documents are required to apply for an Axis Bank Education Loan?
Key documents include admission proof, KYC documents, academic records, co-applicant income proof, and collateral details (if applicable).
How does Axis Bank determine education loan eligibility?
The bank evaluates academic performance, admission to a reputed institution, co-applicant’s financial stability, and credit history before loan approval.
