Higher education is essential for a successful career, but the costs can be daunting. To help students reach their dreams, many banks offer educational loans. One of the top providers in India is Axis Bank, known for its comprehensive loan solutions tailored to various needs.
If you're considering an Axis Bank education loan, understanding the Axis Bank education loan college list is crucial. This blog will walk you through everything you need to know about it and how it can impact your loan eligibility.
Understanding Axis Bank Education Loan College List
The Axis Bank Education Loan College List is a list of institutions the bank has pre-approved for providing education loans. Attending a college from this list increases your chances of getting a loan approved and may also influence the loan amount and interest rate you are eligible for.
Axis Bank Education Loan College List: Indian Colleges
For students aiming to pursue their education in India, Axis Bank has a comprehensive list of Axis bank premier institutes list. These typically include central and state universities, IITs, IIMs, and other reputable institutions. This list ensures that you are attending an institution of high academic standing, which can make loan processing smoother.
| Institution Name | Type of Institution | Popular Courses Offered |
|---|---|---|
| Indian Institute of Technology (IIT) | Autonomous Institutes |
- B.Tech (Bachelor of Technology) - M.Tech (Master of Technology) - Ph.D. Programs in Engineering and Sciences |
| Indian Institute of Management (IIMs) | Autonomous Institutes |
- MBA (Master of Business Administration) - Executive MBA - Fellow Program in Management (FPM) |
| National Institute of Technology (NIT) | Autonomous Institutes |
- B.Tech - M.Tech - M.Sc. in Applied Sciences - MBA Programs - Ph.D. Programs |
| Delhi University (DU) | Central University |
- BA, B.Com, B.Sc. (Undergraduate Programs) - M.A., M.Com, M.Sc. (Postgraduate Programs) - Ph.D. in Humanities, Sciences, and Commerce |
| Mumbai University | State University |
- B.Tech, B.Sc. (Engineering, Technology, and Sciences) - BBA, MBA (Management) - Arts, Humanities, and Social Sciences |
| Jawaharlal Nehru University (JNU) | Central University |
- M.A., M.Sc. (Social Sciences, International Relations) - M.Phil., Ph.D. Programs - Biotechnology and Environmental Sciences |
| Indian Institute of Science (IISc) | Autonomous Institute |
- B.Sc. (Research) - M.Tech (Engineering) - Ph.D. in Engineering and Sciences - Integrated Ph.D. Programs |
| All India Institute of Medical Sciences (AIIMS) | Medical Institute |
- MBBS (Bachelor of Medicine, Bachelor of Surgery) - MD, MS (Postgraduate Medical Programs) - Ph.D. in Biomedical Research |
| Xavier School of Management (XLRI) | Private Management School |
- MBA (Business Management and HRM) - Executive MBA - Postgraduate Diploma in Management (PGDM) |
| Birla Institute of Technology and Science (BITS Pilani) | Private University |
- B.E. (Engineering) - M.E. (Master’s in Engineering) - Ph.D. in Engineering and Sciences - MBA Programs |
| University of Hyderabad (UoH) | Central University |
- M.Sc., M.Tech (Sciences and Engineering) - M.A. (Humanities) - Ph.D. in Sciences, Humanities, and Technology |
| Symbiosis International University | Private University |
- BBA, MBA (Management) - B.Tech, M.Tech (Engineering) - Law, Health Sciences, and Humanities Programs |
| Vellore Institute of Technology (VIT) | Private University |
- B.Tech (Engineering) - M.Tech, MBA - Integrated B.Tech and M.Tech Programs - Ph.D. Programs |
| Amity University | Private University |
- B.Tech (Engineering) - MBA, Law, and Design Programs - Ph.D. in Various Disciplines |
| Institute of Chemical Technology (ICT Mumbai) | Autonomous Institute |
- B.Chem. Engg. (Chemical Engineering) - M.Tech, Ph.D. (Engineering, Chemical Technology) |
Many Indian B-schools listed under the Axis Bank Education Loan College List: Indian Colleges include those offering various types of MBA programs across the country.
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Additional Axis Bank Premier Institute List
| Institution Name | Type of Institution | Popular Courses Offered |
|---|---|---|
| Anna University | State University |
- B.Tech, M.Tech (Engineering) - MBA, MCA (Management and Computer Applications) - Ph.D. in Engineering and Sciences |
| Indian Statistical Institute (ISI) | Autonomous Institution |
- B.Stat (Statistics) - M.Stat, M.Math (Mathematics and Statistics) - Ph.D. in Mathematics, Computer Science, and Statistics |
| Manipal Academy of Higher Education | Private Deemed University |
- MBBS, B.Tech, BBA (Medical, Engineering, and Management) - M.Tech, MD, MS, MBA - Ph.D. in Various Fields |
| Banaras Hindu University (BHU) | Central University |
- B.Tech, B.Sc. (Engineering and Sciences) - M.Tech, MBA, MD, MS (Postgraduate Programs) - Ph.D. in Humanities, Engineering, and Sciences |
| National Law School of India University (NLSIU) | Law University |
- BA LLB (Bachelor of Law) - LLM (Master of Law) - Ph.D. in Law |
| Punjab University | State University |
- B.A., B.Com, B.Sc. (Undergraduate Programs) - M.A., M.Sc., M.Com. (Postgraduate Programs) - MBA, BBA, Engineering, Law |
| SRM Institute of Science and Technology | Private University |
- B.Tech, M.Tech (Engineering) - MBA, BBA (Management) - Medical Sciences, Biotechnology, and Humanities Programs |
| Christ University | Private University |
- BBA, MBA (Management) - B.Com, M.Com (Commerce) - Law, Arts, Social Sciences, and Engineering |
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Axis Bank Education Loan College List: Colleges Abroad
If you plan to study abroad, the Axis Bank education loan college list has a list of approved foreign universities. This list includes prestigious institutions from popular destinations like the USA, UK, Canada, Australia, and Germany. Securing admission to one of these institutions increases your chances of getting a loan and allows you to access higher loan amounts.
Some top foreign institutions typically on the Axis Bank list include.
| University | Country | Courses Offered |
|---|---|---|
| Harvard University | USA | Business Administration, Law, Medicine, Engineering, Social Sciences |
| Stanford University | USA | Computer Science, Engineering, Business, Medicine, Humanities |
| University of Oxford | UK | Engineering, Medicine, Business, Law, Humanities, Social Sciences |
| University of Toronto | Canada | Business, Engineering, Medicine, Arts and Humanities, Sciences |
| Australian National University | Australia | Engineering, Computer Science, Business, Arts, Environmental Sciences |
| Massachusetts Institute of Technology (MIT) | USA | Engineering, Computer Science, Economics, Business, Physics |
| University of Cambridge | UK | Science and Engineering, Medicine, Business, Humanities, Social Sciences |
| University of California, Berkeley | USA | Computer Science, Engineering, Business, Arts, Environmental Science |
| University of Melbourne | Australia | Engineering, Business, Arts, Science, IT |
| ETH Zurich | Switzerland | Engineering, Computer Science, Mathematics, Architecture |
| University of British Columbia (UBC) | Canada | Business, Engineering, Arts, Sciences, Medicine |
| London School of Economics | UK | Economics, Political Science, International Relations, Finance |
| University of Amsterdam | Netherlands | Social Sciences, Business, Economics, Arts, Humanities |
| Technical University of Munich | Germany | Engineering, Computer Science, Business, Natural Sciences |
| University of Sydney | Australia | Business, Arts, Engineering, Medicine, Law |
| National University of Singapore (NUS) | Singapore | Engineering, Business, Science, Computing, Social Sciences |
| University of Hong Kong | Hong Kong | Business, Engineering, Social Sciences, Law, Medicine |
| University of Edinburgh | UK | Engineering, Business, Medicine, Science, Arts |
| McGill University | Canada | Medicine, Law, Business, Arts, Science |
Students studying at any of these institutions often receive preferential loan terms, reflecting the high quality of education these schools provide.
Also Read: How to Get an Education Loan for Abroad Studies in 2024?
Minimal Documentation. Higher Chances of Approval. Easy Online Processes. Check Your Eligibility.
More About the Axis Bank Education Loan College List
Education loans are designed to assist students in financing their higher education, whether in India or abroad. They cover many expenses, such as tuition fees, books, travel, and living expenses. Banks like Axis Bank understand students' challenges and have developed loan products to ease the financial burden.
Axis Bank Education Loan Overview
Axis Bank offers a variety of education loans for Indian and international studies in their Axis Bank education loan college list. Whether you're planning to study in a premier institute or a university abroad, Axis Bank has a loan product to suit your needs.
Also, read our blog on Axis Bank Education Loan 2024
Eligibility Criteria for Axis Bank Education Loan
To qualify for an Axis Bank education loan on the Axis Bank education loan college list, there are certain eligibility criteria that you need to meet.
| Eligibility Criteria | Description |
|---|---|
| Indian Nationality | The applicant must be a resident of India. |
| Age | You should be between 18 and 35 years of age. |
| Admission Confirmation | You must have secured admission into a recognised college or university in India or abroad. |
| Cosigner/Guarantor | A co-borrower, usually a parent or guardian, is required. |
| Academic Record | A good academic record can significantly influence loan approval. |
To qualify for funding, students must meet the Eligibility Criteria for Axis Bank Education Loan, which includes academic performance, admission status, and co-borrower profile.
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Axis Bank Premier Institute List: A Special Category
Axis Bank also maintains a separate category apart from the Axis Bank education loan college list. The Axis Bank Premier Institute List. This list consists of elite institutions in India and abroad that enjoy special privileges when it comes to loans. If you’ve secured admission to one of these institutes, you’re in luck!
Students who attend premier institutes often get loans with lower interest rates and higher loan amounts. The processing is usually faster, with additional benefits like flexible repayment terms.
Eligibility for Axis Bank Premier Institute Loans
To qualify for the Axis Bank Premier Institute loan, you must secure admission into one of the institutions selected in this category. The Premier Institute list includes.
- Top-tier Indian institutes such as IITs, IIMs, and AIIMS
- Globally renowned universities like MIT, Oxford, and the London School of Economics
If your institution is on the Premier Institute list, the interest rates will be much more competitive than the Axis Bank education loan college list.
Key Differences Between Regular and Premier Institute Loans
While both types of loans help students finance their education, there are some key differences.
| Difference Aspect | Regular Education Loan | Premier Institute Loan |
|---|---|---|
| Loan Amount | Moderate to high | High, with a possibility of full fee coverage |
| Interest Rate | Standard rates | Preferential, lower rates |
| Repayment Terms | Standard repayment schedule | More flexible, with longer moratorium periods |
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How to Apply for Axis Bank Education Loan?
Applying for an Axis Bank education loan is a simple process involving several important steps. Following these steps will help you avoid delays and ensure your loan application is processed smoothly.
| Steps | Description |
|---|---|
| 1. Research Eligibility | Start by checking the eligibility criteria for the course and the institution you’re applying to. This will save you time during the application process. |
| 2. Visit the Axis Bank Website or Branch | You can apply either online through the Axis Bank website or by visiting a nearby Axis Bank branch. Both options offer assistance from customer representatives. |
| 3. Fill Out the Application Form | Complete the education loan application form, ensuring that you provide accurate details about your personal information, educational background, and the course. |
| 4. Prepare and Submit Documents | Ensure all required documents (listed in the next section) are prepared and attached to the application. Missing documents can cause delays in processing. |
| 5. Await Loan Processing | Axis Bank typically takes a few days to verify your documents, assess your eligibility, and process the loan. This step may take longer for foreign universities. |
| 6. Loan Sanction | If approved, Axis Bank will issue a loan sanction letter specifying the loan amount, interest rate, and repayment terms. This letter is essential for securing your admission. |
| 7. Loan Disbursement | Once the loan is sanctioned, the amount is disbursed directly to your college or university. The disbursement may happen in instalments based on the course’s fee structure. |
Also Read: Apply for a Student Loan in India for UG Program
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Documentation Required for Axis Bank Education Loans
Providing all the necessary documentation is crucial for a smooth approval process when applying for an Axis Bank education loan. Below is a detailed list of the documents required for Indian and international education loans.
| Document Category | Required Documents |
|---|---|
| Admission Proof | Admission letter from a recognised college or university |
| Academic Qualifications | Marksheets of 10th, 12th standard and any prior degree qualifications |
| Identity Proof | Aadhaar card, passport, voter ID card, PAN card, or driving licence |
| Residence Proof | Recent utility bills, ration card, Aadhaar card, or passport |
| Income Proof of Co-Borrower | Latest salary slips, Form 16, and income tax returns (ITR) of the co-borrower (usually a parent or guardian) |
| Bank Statements | Bank account statements of the co-borrower for the past six months |
| Other Documents |
- Passport-sized photographs of the applicant and co-borrower - Course fee structure provided by the college |
Additional Documentation for Foreign Studies
- Visa and passport details of the student
- Standardised test scores (e.g., GRE, GMAT, TOEFL, IELTS) if applicable
Repayment Terms and Conditions for Axis Bank Education Loan
Repayment is a key aspect of any education loan. With Axis Bank, the repayment terms are flexible and designed to ease the financial burden on students once they complete their education. Below is an elaboration of the repayment process.
| Repayment Feature | Details |
|---|---|
| Moratorium Period | Axis Bank offers a moratorium period (grace period), during which no repayments are required. This usually lasts for the course duration plus 6 to 12 months. |
| Repayment Tenure | The loan repayment tenure can range from 5 to 15 years. The exact duration depends on the loan amount and the borrower's repayment capacity. |
| Interest During Moratorium | Interest may accrue during the moratorium period. Students can service the interest during this time or defer it until the repayment period begins. |
| Prepayment Options | Axis Bank allows for prepayment of the loan without any prepayment penalty, making it easier to clear the loan early and reduce interest costs. |
| Monthly EMI Payments | Once the repayment period begins, the loan is repaid through equated monthly instalments (EMIs). EMIs can be paid using Axis Bank’s channels, including net banking, mobile banking, or at a branch. |
| Flexible Repayment | Students can choose from different repayment options, such as step-up repayment (where EMI increases over time as income increases) or interest-only payments during the moratorium. |
Example of Repayment Terms Based on Loan Amount
| Loan Amount | Moratorium Period | Repayment Tenure | Interest Rate (Approx.) | Monthly EMI (Post-Moratorium) | Total Interest Payable |
|---|---|---|---|---|---|
| ₹5,00,000 | 12 months | Five years | 9.50% p.a. | ₹10,497 | ₹1,29,820 |
| ₹10,00,000 | 12 months | Seven years | 9.50% p.a. | ₹16,187 | ₹3,58,020 |
| ₹20,00,000 | 12 months | Ten years | 9.50% p.a. | ₹25,791 | ₹9,19,520 |
Additional Considerations for Repayment
Interest Subsidy
Axis Bank offers subsidy schemes for eligible students (such as those from economically weaker sections). Under these schemes, the government pays the interest during the moratorium period.
Part-Time Employment
Students who secure part-time jobs during or after their studies can begin servicing their loans early, reducing their overall interest liability.
Also read Bank of Maharashtra Education Loan: Eligibility and Interest Rates.
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How to Check If Your College is on the Approved List?
You can check the approved college list for an Axis Bank education loan through several methods.
- Visit the official Axis Bank website to check the updated list of approved institutions.
- Contact Axis Bank customer support by phone or email for the latest college approvals.
- Contact your nearest Axis Bank branch and ask a representative for confirmation.
- If you’ve already applied for a loan, the bank will confirm your college’s eligibility during the loan sanction process.
- If your college isn’t on the approved list, Axis Bank may still consider your application but with different terms, such as higher interest rates or stricter documentation requirements.
Axis Bank offers education loans for students pursuing studies in India and abroad, with a list of approved institutions that boost loan approval chances. Whether attending IITs, IIMs, or global universities like Harvard or Oxford, being on the Axis Bank Education Loan College List ensures preferential terms, lower interest rates, and flexible repayment options, making education financing easier.
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If you're applying to a foreign institution, the Education Loan for Canada guide outlines how to verify if your college appears on Axis Bank’s or other lenders’ approved lists.
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| Feature | Details |
|---|---|
| Max Loan Amount | 50 Lacs |
| Collateral | Not Required |
| Moratorium | Available |
| Processing Time | 10 Times Faster than Banks |
| Disbursal Time | 7 Days |
| Approval Rate | Higher than Banks |
| Special USP | Marks Based Approval |
| % Financed | 100% of Fees |
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