An education loan for study abroad is financing extended to a student to meet the cost of pursuing higher studies at an institution outside India. It is typically used to cover tuition and course fees along with associated costs such as living and travel expenses, and it is usually taken with a co-applicant, most often a parent or guardian.
Axis Bank, a private-sector bank founded in 1993 and headquartered in Mumbai, offers education loans for students studying both in India and overseas, covering career-focused programmes across disciplines such as medicine, engineering and management at graduate and postgraduate levels. For overseas study the bank offers dedicated variants, including its Prime Abroad proposition for higher-study courses abroad, and features it associates with the product include doorstep service and a multi-currency forex card for students travelling overseas.
Axis Bank also notes that borrowers may be eligible for a tax deduction on the interest paid under Section 80E of the Income Tax Act, subject to the applicable conditions. Because the loan may be secured or unsecured depending on the variant and the amount sought, and because sanction rests on the bank's assessment of the applicant, the co-applicant and the course, approval is not guaranteed. Prospective borrowers should review eligibility, security requirements and repayment terms with the bank before applying.
As published by Axis Bank. Your branch may ask for more.
Tax: interest is deductible under Section 80E (no cap, up to 8 years). Foreign lenders (labelled below) are not RBI-regulated — read their terms carefully.
They lend without Indian collateral and are useful for some students, but they are NOT RBI-regulated — shown here with a distinct badge. Compare their all-in USD cost against an RBI-registered Indian lender before deciding.
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.
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