Choosing to study abroad is a life-changing decision, full of opportunities, academic enrichment, and personal growth. In today’s global landscape, where Universities around the world are raising the bar with advanced and diverse study programs, research exposure, and industry relevance, the financial burden can often overshadow ambition.
When it comes to financing that journey, Axis Bank’s education loans for overseas study serve as a powerful stepping stone as they aim to bridge the gap, transforming financial hurdles into academic milestones. To understand how Axis Bank helps students pursue international education, let’s begin with the key loan features.
Key Features of Axis Bank Abroad Education Loan
Axis Bank offers both secured and unsecured education loan products, each designed to suit different student profiles. For many students comparing options and searching for the best bank for education loan, Axis Bank stands out with its high loan limits, flexible repayment, and quick turnaround time. Refer to the table below for a more detailed breakdown.
| Feature | Details |
| Maximum Loan Amount | – Secured Loan (SL): Up to ₹1.5 crore (no formal upper cap, depends on co-applicant profile). – Unsecured Loan (Prime UL – A & B): Up to ₹1 crore. – Unsecured Loan (D & E listing): Up to ₹75 lakh. |
| Study Levels & Courses | Loans are available for all levels of courses. – UL available for UG Diplomas only with Simple Interest/Direct EMI option for salaried borrowers. – SL also supports UG Diploma with SI option for salaried. |
| Rate of Interest (ROI) | Secured Loans: 10.25% onwards. – Unsecured Loans: 11% – 13%. |
| Funding & Margin Money | – Unsecured Loan: 100% financing. – Secured Loan: 85% bank funding + 15% margin (with each disbursement). |
| Moratorium Period | Course duration + 12 months. |
| Repayment Tenure | 10 – 15 years. |
| Security Accepted | Residential flat, house, shop, or commercial property. (No loan allowed against an open plot). |
| Co-applicant | Parents, grandparents, or immediate family. |
| Processing Charges | 0.5% – 0.75% of Loan Sanctioned Amount + 18% GST. – No charges for valuation and search reports. |
| Turnaround Time (TAT) | 20–25 days |
| Tax Benefits | Interest deductible under Section 80E of the Income Tax Act. |
Axis Bank has thoughtfully designed its education loan to support students at every stage of their academic journey. If you’re planning to apply, here’s a closer look at the eligibility criteria you’ll need to meet.
Eligibility Criteria for Axis Bank Abroad Education Loan
Axis Bank requires both academic consistency and financial backing for approval. The criteria include:
- Indian citizenship.
- Confirmed admission to a recognized university or institution abroad through entrance exams or a merit-based selection process.
- Strong academic record, particularly in higher secondary and graduation (for postgraduate applicants)
- Co-applicant (parent/guardian) with a stable financial profile, as proof of repayment capacity
- The student should be at least 18 years old at the time of application
With these relaxed but structured norms, Axis Bank ensures broader accessibility while maintaining financial security. Once eligibility is confirmed, applicants should prepare the necessary documents.
Documents Required for Axis Bank Abroad Education Loan
For smooth sanction and timely disbursement, the following documents are generally required:
- KYC Documents: Aadhaar, PAN, identity, and address proof of both borrower and co-applicant.
- Admission Documents: Offer letter (conditional/unconditional) and detailed fee structure.
- Academic Records: Mark sheets of 10th, 12th, graduation, and test scores of Standardised Tests and English Proficiency Tests as per the requirement.
- Financial Documents: 6 months’ bank statements, last 2 years’ ITR/Form 16 of co-applicant, and statement of assets and liabilities.
- Collateral Documents: Property papers, valuation report, and mortgage-related receipts.
Once documents are ready, the application process can move ahead smoothly. Refer to the next section to know all the necessary steps.
Application Process for Axis Bank Abroad Education Loan
Axis Bank ensures a streamlined loan process to reduce delays and offer transparency to students. Once eligibility is confirmed and documents are submitted, the application moves forward through the following steps:
- Application Submission: Apply online or at a branch with all necessary documents.
- Credit Review: The bank checks the profile, income details, and collateral (if applicable).
- Sanction Letter: Provided even before admission confirmation to help with visa and admission formalities.
- Disbursement: Loan amount released for tuition and living expenses as per university or country requirements, covering both pre-visa and post-visa needs.
With this simplified process, Axis Bank reduces both uncertainty and delays, two major concerns for students planning overseas education.
Axis Bank stands out by offering flexible repayment, attractive financing options, and support for both secured and non collateral education loan for abroad, making it a strong choice for diverse student profiles. However, understanding the fine details of loan products, interest rates, and repayment terms can be overwhelming. This is where connecting with an experienced overseas education loan consultant can add real value, helping you compare options, simplify the application process, and ensure the loan is tailored to your academic and financial goals.
