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Axis Bank - Education Loan

PRIVATE BANKS

Collateral free loans available

Loan Margin : NIL

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7 days avg loan processing time

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Margin

NIL

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Collateral

Collateral free loans available

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Loan Tenure

Upto 15 Years

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Processing fee

0.5% to 1.0%

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Early Repayment

Yes(without any charges)

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Living Cost

Yes

Secured Loan

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Amount

Up To 3Cr

Un-Secured Loan

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Amount

Up To 75Lac

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UniCreds Guarantee

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100% transparent process

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Fast loan processing

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Free of cost service

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No hidden fees

Features of Axis Bank Education Loan

This is exactly why at UniCreds we understand how overwhelming the thought of running from pillar to post just to get a study abroad loan can be. In fact, this is the reason we have outlined an approach that is easy and streamlined, with features to make sure there is minimum stress. You can find everything here from axis bank education loan interest rate to axis bank education loan processing fee. 

FeaturesEducation Loan Details
Loan amountUpto ₹3Cr (Collateral) Upto ₹75Lac (Without Collateral)
Margin moneyNo margin for Prime & secured loans
Interest rateAxis Bank Abroad Education Loan Interest rate. 9.5% - 10%
Processing fee0.5% to 1.0% + GST
Processing time7 Days (5 - 7 days after document submission)
Loan tenure15 Years (Up to)
Prepayment chargesNil
Countries coveredUSA, Canada, UK, Ireland, New Zealand, Australia, Germany and others

Looking forSparkLogoFaster and
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Our education loan counsellors will stay by your side every step of the way and recommend the best partner and guide you through the loan applying and sanctioning process.

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Eligibility Criteria to Apply for Axis Bank Student Loan

UniCreds and Axis Bank aim to simplify the study abroad loan process. We've created an easy, stress-free experience with these features.
Eligibility Criteria for Axis Bank Study Loan:

TypeRequirement
CitizenshipIndian citizenship is a must.
Academic BackgroundYou need at least 50% in HSC and graduation. Requirements may vary.
Course & UniversityYour eligibility depends on your chosen course and university. We can help you navigate Axis Bank's preferred university lists (Prime A, Prime B, and Non-Prime) to match your program with their loan options.
Co-applicantA co-applicant, usually a parent with a credit score above 700 and stable income, is necessary.

Benefits of Axis Education Loan For Abroad Studies

Competitive Interest Rates
So, turn your focus to shining in the program and not at interest burdens. Axis Bank abroad education loan has one of the best competitive rates, ensuring that your loan payment will be affordable from the initiation of your application and all through your studies.
Flexible Repayment Options
Take the worries off your shoulder for immediate financial pressure post-graduation with availing education loans from Axis Bank. It offers flexible tenure for repayment of up to 15 years for comfortably convenient loan closure while you establish your career.
100% Tax Benefit
Get a significant financial advantage! The education loans from Axis Bank qualify for a very interesting 100% tax deduction on paid interest under section 80(E) of the IT Act—an indirect reduction of the overall burden of the loan.
Government Scheme Eligibility
As per the economic background, a student may be liable to some of the governmental schemes, which further eases his financial load. Depending on the economic background, a student may be eligible for some of the schemes under the government, which in turn further eases his financial burden. We could help guide you toward these options, such as the Central Government Interest Subsidy Scheme (CSIS) for economically weaker section students (up to an income of Rs. 4.5 lakhs).
Unsecured Loans Up to ₹50 Lakhs
This easily puts to rest the hardships that the respective students have to undergo in accessing financing in terms of their tuition, living expenses, and traveling costs. Secured Loans Up to 85% of Collateral Value Maximize your borrowing power by leveraging collateral like property or fixed deposits to access a higher loan amount.
Personalized Loan Support
Working with UniCreds brings to you a personal support system, something totally different from working with a bank directly. Right from the beginning of your loan process till the time your loan gets over, you get one point of contact.

Moreover, while getting the financial backing for your studies abroad is one thing, UniCreds and Axis Bank certainly promise to be an added support that goes over and above the finances to make your academic journey possible. And that means

Benefits Of Getting Your Education Loan Through UniCreds

Eligibility & Application Expertise
Our experts shall assess your profile for eligibility in Axis Bank's criteria, thereby saving your time and ensuring that you apply for only those programs in which you would have the course structure matching with their loan offerings. They shall also help you with the collection of documents, ensuring a complete application package for a hassle-free approval process.
Personalized Loan Support
working with UniCreds brings to you a personal support system, something totally different from working with a bank directly. Right from the beginning of your loan process till the time your loan gets over, you get one point of contact.
Efficient technology platform
The online application has been made even easier with our user-friendly online platform. Track your application, upload documents, and even view the status of your application process at your convenience.
Low Turnaround Time
Get a decision on your loan application quickly. We understand the importance of timely funding for your education abroad.
Unsecured Loans Up to ₹50 Lakhs
This easily puts to rest the hardships that the respective students have to undergo in accessing financing in terms of their tuition, living expenses, and traveling costs. Secured Loans Up to 85% of Collateral Value Maximize your borrowing power by leveraging collateral like property or fixed deposits to access a higher loan amount.
100% Free Cost of Services
There are no hidden charges or fees for using UniCreds' services. We help you find the best loan option without any additional financial burden.
Higher Chance of Approval
Our expert guidance and personalised approach improve your chances of securing the loan you need to pursue your academic dreams.

Get Guidance at every step of your loan application

We ensure 100% transparency throughout the education loan process.Our education loan counsellors will stay by your side every step of the way.

Need Guidance Faster? Call us at:

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18001217661

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Need Guidance Faster? Call us at:

phone

18001217661

How to Apply for Education Loan by Axis Bank?

UniCreds makes applying for your Axis Bank education loan a breeze! Here's a quick guide to get you started:

 

1. Contact Us:

  • Reach out to us by phone, email, or through our online contact form.
  • A dedicated advisor from UniCreds will be assigned to you, giving you the much needed guidance throughout the process.

 

2. Eligibility Assessment:

  • Our advisor will evaluate your profile from Axis Bank’s eligibility viewpoint. They make sure you apply for a university and course that fits into Axis Bank loan’s eligibility categories.

 

3. Document Collection:

  • Once your eligibility is confirmed, we will give you a clear list of all the documents you need to apply at Axis Bank. We will also help you arrange for all the documents required and ensure everything is up to date and correct.

 

4. Online Application Assistance:

  • Our platform is extremely user-friendly and easy to understand. We would assist you with every stage and make sure your application is completed accurately and submitted on time.

 

5. Application Tracking & Support:

  • Our assigned advisor who permits you to check the application procedure in real-time and if any doubt arises, can call anytime through to assist you.

 

 

Looking forSparkLogoFaster and
streamlined Process?

100% Transparency

100% Free

unicreds

Our education loan counsellors will stay by your side every step of the way and recommend the best partner and guide you through the loan applying and sanctioning process.

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Documents Required for Axis Bank Abroad Education Loan

UniCreds simplifies the document collection process for your Axis Bank education loan. Here's a breakdown of the typical documents you'll need:

TypeDocuments Required
Personal Documents1. Proof of Identity (Aadhaar Card, PAN Card, Voter ID, etc.) 2. Proof of Address (utility bills, rental agreement, etc.)
Academic Documents1. Acceptance letter from your chosen university abroad 2. Most recent academic transcripts (including mark sheets and degrees) 3. Standardised test scores (if required by the university, like GRE, GMAT, TOEFL, IELTS)
Financial DocumentsThe individual tax returns from the previous 3 years of the applicant and his/her co-applicant, along with the previous 6-month pay slips of the applicant and his/her co-applicant. The bank statements for the last 6 months shall also be required of the applicant and his/her co-applicant . In addition, the cost of attendance statement sheets can be provided from your university .

Axis Bank Education Loan Repayment Options

UniCreds helps you with your Axis Bank student loan from start to finish. It's there for you even after you graduate. You get a break after finishing your studies, usually 6-12 months. During this time, you don't have to make payments. Axis Bank gives you choices on how to pay back. You can stretch your education loan repayment period up to 10 years. This flexibility lets you handle your loan while working.

 

UniCreds ensures you understand your repayment terms and provides clear communication throughout the process. We can also advise on potential benefits of early repayment and answer any questions you have.  Our dedicated team remains at your side even after disbursement, guiding you through repayments and connecting you with Axis Bank's customer service if needed.

 

₹
%
Years
Months
Months

The displayed EMI amount is approximate & is subject to change based on various factors.

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Monthly EMI
35,494
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Principal Amount
1,600,000
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Total Interest
2,659,243
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Total Amount
4,259,243
Interest(₹)
Principal Amount(₹)
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What our Students say about us

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NAGA KIRAAN

United States

Registration was very simple process and I was assigned with an employee who clarified all my doubts at one place. I just submitted all required documents to them and got all the best deals details available for me. I never imagined my loan process will go so smooth. I had got loan approved in 2-3 weeks.

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Nishanth H

Ireland

Had a very much welcoming experience from unicreds and team. I did get an immediate response from one of the bank after submitting all required documents with unicreds. Overall a great experience for a first timer availing service from unicreds. Thanks and keep up the good work team and always do the right things 👍🏻

Frequently Asked Questions

You can borrow up to ₹75 lakh without collateral.
Axis Bank's Study Abroad Loans present a highly beneficial means of financing your overseas education. These loans not only cover your tuition fees but also encompass living expenses, dormitory fees, and even airfare. It is crucial, however, to conduct a thorough comparison of rates and terms offered by different lenders and loan products.
Living expenses are paid into the applicant's account, while tuition payments are paid into the university's account.
The student applicant's parents or guardians will be recognised as a co-applicant and major debtor.
Axis Bank typically offers a repayment grace period after your course completion before repayment starts. They might have various repayment plans and tenures. It's best to contact us for the latest details on specific repayment options.