Axis Bank Abroad Education Loan

Bank

Upto 7-10 days Loan Processing Time

Margin

15%

Processing Fees

0.75% + GST

Collateral

Upto ₹1 crore

Non-Collateral

Upto ₹50 lakhs

Repayment Tenure

Upto 15 years

Cosigner Needed

Yes

Interest Rate

Starting from 10.50%*

Countries covered

USA, UK, Australia, Canada, and many more

Features of Axis Bank
Education Loan Abroad

Axis Bank’s education loan aims to provide much-needed financial support to deserving students wishing to pursue higher professional or technical education in India and abroad. The education loan is offered to those students who have obtained admission to career-oriented courses like engineering, management, medicine, etc, either at the graduate or post-graduate level.

Axis Bank believes in a student’s potential and right to quality education, and hence, offers 100% coverage of educational expenses, including course fees, living expenses and travel costs. Axis Bank also offers income tax advantages under Section 80E of the Income Tax Act.

Features	Education Loan Details
Loan amount	Upto ₹1 crore (Collateral) Upto ₹50 lakhs (Non-Collateral)
Margin money	15%
Interest rate	Starting from 10.50%*
Processing fees	0.75% + GST
Processing time	7-10 days
Loan tenure	Upto 15 years
Prepayment charges	NIL
Countries covered	Axis Bank provides overseas education loans in numerous countries including USA, UK, Australia, Canada, Germany, Ireland, New Zealand , and many more.
Moratorium	Study period + 6 Months

Benefits of Axis Bank Education Loan

Access to 100% Loan Financing
At Axis Bank, you can obtain an education loan starting from as low as Rs. 50,000, and there is no upper limit on student loans in India and abroad. They provide financing for upto 100% of the total cost of education.
Financing for Living Expenses
As students, when you are not earning an income, you still have various living expenses, including travel, food and accommodation. Axis Bank offers to cover all the expenses incurred while you are studying at your dream university.
Quick Disbursal of Loans
Once your education loan is approved, the funds are transferred within two days. Moreover, Axis Bank allows for loan customisation if you require emergency funds for your education expenses.
Pre-Admission Sanction Letter
Axis Bank provides a provisional loan sanction letter even before you secure admission to a university. This sanction letter serves as proof of financial support during the application process and can also be used for visa applications.

How To Apply For Axis Bank

Education Loan For Abroad Studies?

You can apply for an Axis Bank Education Loan by connecting with our team of experts. Just fill out the form on our website, and we will schedule a callback and guide you through the process.
From helping you upload documents online to presenting them to the banks, Lorien Finance will help you throughout the application process.
Once all your documents are uploaded & KYC process is complete, you can expect your loan to get sanctioned within a few working days.

Why choose Lorien Finance to get an Education Loan from Axis Bank?

Best loans at unbeatable interest rates: Lorien Finance strives to bring you the best possible deals for your study abroad loans. Our experts negotiate on your behalf to get education loans at the lowest possible interest rates.
Effortless Process: All you need to do is fill out the form on Lorien Finance’s website. Yes, it’s that simple! Our team will take it up from there, making it a hassle-free process for you.
100% Free Assistance: Lorien doesn’t charge any processing fee or commission for student loans for your study abroad journey!
Quicker Loans: With constant application tracking and status updates, our experts ensure that your education loan for studying abroad gets sanctioned as early as possible.
Higher chances of approval: In case of any missing documents or other issues, Lorien’s team promptly reaches out to the bank to find solutions to increase your chances of getting a study loan for your overseas education.

Helping you fulfil your study abroad dream!

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Eligibility Criteria For Axis Bank Education Loan Abroad

For the borrower:
1. Must be an Indian citizen
2. Must have a minimum score of 50% in HSC and graduation
3. Must secure admission to career-oriented courses like engineering, management, medicine, etc, either at the graduate or post graduate level
4. Must secure admission based on entrance exams or merit-based selection process after completing HSC
For the co-applicant:
1. Can be the student’s spouse, parents, siblings or parent-in-law
2. Must provide proof of regular income

Documents Required

For the borrower:
1. Duly filled and signed application form
2. Copy of admission letter of the Institute
3. 10th and 12th mark sheet or latest education certificates
4. Statement of course expenses
5. Aadhar card and PAN Card
6. Residence proof
7. Entrance Exam score (CAT, CET, GRE, GMAT, IELTS, TOEFL)
8. Two photographs
For the co-applicant:
1. Recent salary slips
2. Six months’ bank statement
3. Updated ITR of two years
4. Documents stating the assets and liabilities

FAQs

Bringing answers to your questions

Can I repay the Axis Bank education loan early?
Axis Bank does have an early repayment option for education loans. Repaying the loan before the scheduled tenure can help students save on interest payments.
How much loan does Axis Bank provide?
Axis Bank extends comprehensive education loans that cover up to 100% of your educational expenses, encompassing tuition fees, living expenses and refundable deposits. With Lorien Finance by your side, our dedicated team ensures you secure the optimal loan amount at the most favourable interest rates, customised to meet your needs and aspirations.
Is collateral required for Axis Bank?
Axis Bank does not require collateral for education loans upto Rs. 50 lakhs. Meritorious students can avail unsecured loans, making it a more accessible financing option for pursuing higher education in select colleges in India and abroad.
How long does Axis Bank take to disburse an education loan for studying abroad?
Once your application is approved, the funds are disbursed within two business days, ensuring a swift transition into your educational journey.

Lorien’s Success Stories

Real Dreams: Real Achievements

I'm Sambhavi, currently working at Deloitte. Lorien Finance helped me secure an education loan for my Master's in Business Analytics at the University...

Sambhavi

I want to express my utmost satisfaction and gratitude to Lorien Finance for their exceptional services....

Rachna

Thanks to Lorien Finance, I was able to secure an education loan without any hassle. Their online application process made it convenient for me to app...

Sharikha

I'm Sambhavi, currently working at Deloitte. Lorien Finance helped me secure an education loan for my Master's in Business Analytics at the University...

Sambhavi

I want to express my utmost satisfaction and gratitude to Lorien Finance for their exceptional services....

Rachna

Thanks to Lorien Finance, I was able to secure an education loan without any hassle. Their online application process made it convenient for me to app...

Sharikha

Finding suitable accommodation in a foreign country can be challenging, but Lorien Finance made it a breeze. Their partnership with reliable housing p...

Sriram

It was a good experience with Lorien Finance throughout the process they helped me in every step and made the process hassle-free and helped me to g...

Rama

It was a good experience with Lorien Finance throughout the process they helped me in every step and made the process hassle-free and helped me to g...