Axis Bank Education
Loan EMI Calculator

Loan Amount (₹)
Interest Rate (%)
Tenure (Yrs)
EMI
0
EDUCATION LOAN ABOVE RS 50000 AND UPTO 75 LACS FOR STUDY IN INDIA AND ABROAD
Interest
Rate

Loan limit Interest Rate
Upto 4 Lacs 14-15%
Above 4 Lacs and upto 7.5 Lacs 13-14%
Above 7.5 Lacs 10.5-13%
Loan Amount &
Security

Secured Unsecured
Above 7.5 Lacs Upto 7.5 Lacs
Charges &
Repayment

Processing fees Nil
Pre payment charges Nil
Pre closure charges Nil
Late payment charges @ 2% per month on the overdue installment/s
Repayment period Upto 15 Years
Moratorium period Study period + 6 months
Eligibility
Criteria

  • Secured at least 50% in X, XII and Graduation(if graduated)
  • Secured admission through entrance test/merit based selection
Key Benefits &
Coverage

Tax benefits under section 80 E
Margin
  • upto 4 Lacs - Nil
  • Above 4 lacs - 5% for study in India
  • Above 4 lacs - 15% for abroad study
Course covered
  • career-oriented courses like medicine, engineering, management, etc
Expenses covered
  • College fees, hostel charge, books and education related expenses
Required
Documents

Student Co-Borrower
KYC
  • Aadhaar
  • 2 passport photo
  • Passport(if going abroad)
  • Aadhaar
  • Pan card & residence proof(elctricitybill/telephone bill/house lease agreement/bank statement)
EDUCATION
  • Admit letter
  • cost of study statement
  • X & XII mark sheet
    ---
INCOME
  • Pan card
  • 6 months bank account statement
  • 6 month bank account statement
  • ITR of last 2years /form 16
  • Income proof(salary slip)
SECURITY
    ---
  • Assets and liabilities brief statement