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Axis Bank Education Loan (India)

Axis Bank Education Loan covering niche and unconventional courses, with gap-year funding options.

Documents required

  • PAN Card
  • Aadhaar Card
  • Admission letter
  • Fee structure
  • Co-borrower KYC
  • Co-borrower income proof

As published by Axis Bank. Your branch may ask for more.

Get Axis Bank Offers →Soft check · won’t affect your credit score
Interest rate13.7 – 15.2% p.a.
Processing feeNil
Max amount₹75L
Max tenure15 yr
Compare with 11 other lenders →

Best for: Students with collateral for a secured education loan.

Estimate your EMI ~30 sec · indicative
Estimated EMI
₹18,575/mo
Get offers at this amount →
Total cost of this loan ₹5,60,300 · interest + processing fee, ₹10,00,000 over 7 yr at 13.7% · no prepayment penalty
Eligibility for Education Loan (India) depends on your co-applicant’s income and the course cost. Start an application for a real answer.
EMI at Axis Bank’s 13.7% p.a.
₹6L · 5 yr
₹13,868/mo
₹10L · 7 yr
₹18,575/mo
₹16L · 10 yr
₹24,555/mo

Eligibility

At Axis Bank
Age18 – 35 years
Min salaryNo minimum
Min income (self-emp)No minimum
Employmentstudent
Disbursal10-15 business days
Typical for education loan (india)
ApplicantStudent borrower with a co-applicant (parent/guardian)
AdmissionConfirmed seat in a recognised institution
CollateralUsually none below a threshold (often ₹7.5L)
MoratoriumCourse duration + 6 – 12 months before EMIs start

Loan terms

Amount₹50K – ₹75L
Tenure5 – 15 years
Rate typefloating
PrepaymentNil
Late payment2% per month on overdue interest
  • Covers niche and unconventional courses
  • Gap-year funding
  • Digital application

Fees & charges

Prepayment / foreclosureGenerally allowed; check the lender
Interest during moratoriumAccrues; simple interest at most public banks

Tax: interest paid is deductible under Section 80E with no upper cap, for up to 8 years. Confirm with a tax adviser.

FAQ

After the moratorium — course duration plus 6 to 12 months. Interest accrues during study; paying simple interest through the moratorium reduces your later EMI.

Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.

No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.

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