Planning to study abroad but worried about the cost? The Axis Bank abroad education loan is your way out. In 2025, a record 1.8 million Indian students studied abroad, with families projected to spend $70 billion on overseas education, highlighting the vital role of education loans like Axis Bank’s in meeting this demand.
The Axis Bank Abroad Education Loan offers funding solutions that cover tuition, living expenses, travel, and more, helping thousands of students secure admission without delaying their dreams.
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Types of Axis Bank Abroad Education Loans
Axis Bank offers multiple education loan schemes with different eligibility criteria, such as GRE scores, co-applicant income, or admission into top universities. Here’s a comprehensive breakdown:
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Axis Bank Abroad Education Loan Requirements
Axis Bank sets clear eligibility rules, and meeting these can improve approval chances.
Basic Axis Bank Abroad Education Loan Eligibility Criteria
Documentation Requirements
To speed up the process, Axis Bank requires the student and the co-applicant to provide the following documents:
For the Applicant (Student)
- KYC documents (Aadhaar, PAN, passport)
- Academic records (10th, 12th, graduation marksheets)
- Entrance test scores (GRE, GMAT, IELTS, TOEFL, etc.)
- Admission letter/offer letter from the university
- Fee structure of the course
For the Co-Applicant
- KYC documents
- Last 3–6 months' salary slips or ITR (for salaried/professional)
- Bank statements (last 6 months)
- Property documents (if offering collateral)
For Collateral (if applicable)
- Title deeds, property papers, valuation reports
- Fixed Deposit receipts or LIC policy documents (if pledging as security)
If you want to understand these requirements in more detail before applying, read our complete guide on Axis Bank Education Loan.
Axis Bank Education Loan for Abroad University List (Approved Institutions)
Axis Bank categorises foreign institutions into three tiers: Prime A, Prime B, and Non-Prime. This tiering influences loan limits, interest rates, and approval likelihood:
1. Prime A
Top global institutions offering master’s programs. These include:
- USA: MIT, Stanford, Harvard, University of Chicago, UCL
- UK: University of Cambridge, LSE, Warwick
- Canada: University of Toronto, McGill
- Australia & Europe: HEC Paris, University of Gottingen
2. Prime B
Recognised bachelor’s & master’s programs at leading universities:
- USA & UK: University of Manchester, University of Westminster
- Canada & Australia: University of Alberta, University of Melbourne
- Non-Prime
Other recognised institutions:- Examples include: University of Essex, Deakin University, Simon Fraser University
What the tiers mean for you:
- Prime A: Access unsecured loans up to one crore (master’s) with competitive terms.
- Prime B: Eligible for up to ₹50 lakh Axis Bank education loan without collateral.
- Non-Prime: Lower caps, around ₹25 lakh unsecured, still supportive for many programs.
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You can learn more about the Axis Bank Education Loan College List, whether you’re planning to study abroad or within India.
Axis Bank Abroad Education Loan Interest Rate
Axis Bank keeps its pricing transparent by linking education loan interest rates to the RBI repo rate. This means that rates can fluctuate depending on monetary policy.
Interest Rates
- Secured loans (with collateral) usually start from 11.25% p.a.
- Unsecured loans (without collateral): can go up to 15.20% p.a., depending on the scheme and applicant profile
- Top universities & GRE-based schemes: may qualify for slightly lower interest within this range
- All rates are floating and change with the repo rate
- You can use the Axis Bank abroad education loan calculator to calculate your EMI.
Fees & Charges
- Processing fee: 0.5% – 2% of the loan amount (minimum ₹15,000 for higher ticket sizes)
- Prepayment charges: Nil (you can repay early without penalty)
- Late payment penalty: ~2% per month on overdue EMI
- Margin money: usually 5–15% depending on the course and university
- Other charges: legal, valuation, or stamp duty if collateral is pledged
Highlights to Remember
- Repo-linked rate → Your loan cost will change with RBI policies.
- Collateral reduces cost → Adding security can lower interest by 2–3%.
- Tax savings → Interest paid is deductible under Section 80E of the Income Tax Act.
Application Process for Axis Bank Abroad Education Loan
Apply with ease, Axis Bank offers both online and offline routes to suit your comfort level.
1. Apply Online
- Visit Axis Bank’s official education loan portal and fill out the form with your mobile number, state, city, name, and email.
- Submit the application, and someone from the bank will call you back to guide you through the next steps.
2. Apply Offline
- Visit your nearest Axis Bank branch.
- Get personal assistance from a loan officer to fill in the application and submit documents in person.
3. Key Documents You’ll Need
- Completed application form with passport-size photos.
- Academic documents: 10th, 12th, graduation marksheets, entrance test scores (GRE, GMAT, IELTS, etc.).
- Admission proof and course fee schedule.
- KYC: Aadhaar, PAN, ID and address proof.
- Co-applicant docs: salary slips, bank statements, ITR, asset/liability details.
- Collateral (if applicable): property papers, valuation reports, FD or LIC documents.
4. Pre-Admission Loan Sanction
- Impressively, Axis Bank provides a pre-admission sanction letter, which can be used for visa documentation or to secure admission.
5. Disbursement
- Once approved, funds are disbursed directly to the university or to your overseas account for living expenses.
6. Processing Timeline
- Expect approval within 5-7 days for unsecured loans, and 2–3 weeks if collateral is involved.
If you’re applying for an education loan for abroad studies for the first time, our guide on how to get an education loan abroad can help.
Repayment, Moratorium & Tax Benefits
Axis Bank offers flexible repayment options, grace periods, and attractive tax benefits.
Moratorium & Repayment
- You pay simple interest only during the moratorium period, which covers the entire course duration plus an additional 6 months.
- Post-moratorium, you transition to regular EMIs (principal + interest) following a repayment tenor of 10–15 years, depending on the loan type.
Tax Benefits (Section 80E)
- Interest paid on the education loan is fully deductible under Section 80E of the Income Tax Act.
- Applicable for loans taken for your own, your spouse’s, or your dependent’s higher education.
- There's no cap on the deduction amount, but the benefit lasts up to 8 years from the first EMI.
Axis Bank Abroad Education Loan vs HDFC and Avanse: What Students Discuss on Reddit
Reddit User in r/Indians_StudyAbroad shared:
“I am facing a dilemma, really, really confused about which loan provider is the best for taking student loans.
I researched Avanse and HDFC Credila, and the repayment terms looked attractive. But my own bank (Axis Bank) offered me 11.25% with immediate EMI deduction once funds are disbursed. The officer also mentioned rates could fluctuate from 10.5% to 12.85% within months. Along with that, there are stamp duty charges (₹4,100) and a processing fee of 1% + GST (₹15,340 on ₹13 lakh). I’m not sure if this is a good bargain or if I should consider SBI/Union Bank instead. Please help, I just want a clear response."
Insight:
This highlights a very real concern: floating repo-linked interest rates can rise quickly, impacting your long-term repayment cost. While Axis Bank offers flexible part-prepayment and no prepayment penalties, the immediate EMI deduction clause can surprise first-time borrowers who expected repayment to start only after their studies.
What Do We Infer?
- Axis Bank loans are repo-linked → expect rate fluctuations, unlike some NBFCs offering fixed rates.
- Processing fees & stamp duty add to upfront costs, so factor them in before deciding.
- EMI repayment terms vary by scheme → always clarify if repayment starts immediately or after moratorium.
- Comparison matters → SBI and Union Bank may offer lower starting rates but longer processing timelines.
Tip:
If stability is your priority, clarify fixed vs. floating rate options before signing. If speed of disbursement and collateral-free loans matter more, Axis Bank remains competitive. Always request a sanction letter with detailed repayment terms in writing before proceeding.
Financing an international education often feels overwhelming, especially with rising tuition and living costs. The Axis Bank Abroad Education Loan makes this journey easier by offering coverage for tuition, accommodation, and even travel, along with flexible repayment options and tax savings. With interest rates linked to the repo rate and a repayment tenor of up to 15 years, it ensures that students can focus on their studies without constant financial stress.
For students who want quicker approvals, personalised guidance, and collateral-free options, Propelld can help you secure the right loan with less hassle and more confidence.
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