Financial Aid
Axis Education Loan
Receive expert, personalized guidance at no cost from VITTIYA to navigate education financing, ensuring a smooth journey to securing the funding you need for your studies in India or abroad.
Interest Rate
Starting from 9.99%
Processing Fees
0.75% + GST
Margin Money
0 – 5%
The Process Explained
How It Goes
Easy 5-Step Digital Journey to Secure Your Education Loan
Ensure Your Loan Eligibility
Check your eligibility & get conditional loan offers
instantly.
Speak with Loan Experts
Connect with our loan counselor to better understand the process.
Share Documents & Fill the Form
Complete required forms & submit documents for bank verification.
Settle Your Best Loan Offer
VITTIYA secures the best rates & maximum loan amount for you.
Get Loan Approval & Disbursement
Get fast loan approval & quick fund
disbursement.
Ensure Your Loan Eligibility
Check your eligibility & get conditional loan offers
instantly.
Speak with Loan Experts
Connect with our loan counselor to better understand the process.
Share Documents & Fill the Form
Complete required forms & submit documents for bank verification.
Settle Your Best Loan Offer
VITTIYA secures the best rates & maximum loan amount for you.
Get Loan Approval & Disbursement
Get fast loan approval & quick fund
disbursement.
Study Abroad
Axis Education Loan for Abroad Studies
Everything you need to know about Axis education loans for studying abroad.
Introduction of Axis Bank
Founded in 1993 as UTI Bank, Axis Bank—India’s third-largest private sector bank—offers comprehensive education loan solutions for students aiming to study in India or abroad. Through VITTIYA, students can conveniently access Axis Bank’s tailored education loan products, including both secured and unsecured abroad education loans.
- Unsecured Loans (Without Collateral): Loan amounts of up to INR 1 crore
- Secured Loans (With Collateral) Funding up to 85% of the pledged collateral’s value
To streamline loan processing based on the student’s target institution, Axis Bank classifies universities into three distinct categories:
- Prime A: Mostly Master’s programs from globally top-ranked universities
- Prime B: A mix of Master’s and select high-ranking Bachelor’s programs
- Non-Prime: Institutions and courses that fall outside Prime A and B categories
In addition to financing, students benefit from 100% tax exemption on the interest paid under Section 80(E) of the Income Tax Act. Furthermore, students from Economically Weaker Sections (annual family income up to INR 4.5 lakhs) can also avail interest subsidy under the Central Government Interest Subsidy Scheme (CSIS), as Axis Bank is a scheduled commercial bank.
With VITTIYA, accessing education loans becomes smoother, faster, and more student-friendly—helping you take one step closer to your academic dreams.
Features of Getting an Unsecured Axis Bank Education Loan Abroad
If you’re planning to study abroad and do not have collateral to pledge, VITTIYA, in partnership with Axis Bank, offers one of the most reliable unsecured education loan options available. With a strong focus on student-friendly financing, Axis Bank provides education loans without collateral for eligible universities abroad.
What makes this offering unique is the curated list of international universities, categorized based on STEM (Science, Technology, Engineering, Mathematics) and non-STEM courses. These institutions are further classified into Prime A, Prime B, and Non-Prime categories—each offering varying loan terms and benefits.
| Feature | Detail |
|---|---|
| Loan Amount | Prime A - Up to 1 Crores Prime B - Up to 50 Lakhs Non-Prime - 25 Lakhs |
| Interest Rate | 9.99% - 11.5% |
| Interest Rate Type | Floating Interest Rate |
| Minimum Income (Co-Applicant) | 35,000 INR (without obligations) |
| Repayment | Need to pay Simple Interest only during the course + 1 year grace period |
| Processing Fees | 0.75% on sanctioned amount + GST |
| Other Charges | NIL |
| Margin Money | NIL 5% for Non-Prime Category |
| Loan Tenure | Up to 15 Years |
| Processing Time | 5 - 7 days after document submission |
| Prepayment Penalty | No Penalty |
| Tax Benefit | Yes |
Eligibility for Unsecured Axis Bank education loan abroad
To apply for an unsecured education loan through VITTIYA in partnership with Axis Bank, ensure the following criteria are met:
- Applicant & co-applicant must be Indian citizens
- Minimum 60% marks in Higher Secondary and Graduation
- Co-applicant must have a CIBIL score above 700
- Co-applicant's monthly income ≥ INR 35,000 with no existing EMIs
- Loan applicable only for Master’s programs
Documents Required for Unsecured Axis Bank Education Loan Abroad
There are three different times at which you will need some documents. The initial set of documents will be required when the loan application is in process, the second set of documents will be required during the first disbursement, and the last set of documents will be required for the subsequent disbursement.
Documents Required During the Initial Phase of the Loan Process:
For Salaried & Other Individuals:
- KYC documents
- Last 6 months’ bank statement / passbook
- Admission letter with fee structure
- Academic documents (SSC, HSC & Degree mark sheets/certificates)
Documents Required for the First Disbursement:
- Demand letter from the university
- Disbursement request form (signed)
- Margin money receipt & bank proof
- Collateral documents (if applicable)
Documents Required for Subsequent Disbursement:
- Fresh demand letter
- Signed disbursement request form
- Updated margin money receipt & bank proof
- Academic progress proof (marksheet, bonafide, or report)
Features of Secured Abroad Education Loan via VITTIYA
Through VITTIYA, students can avail secured education loans from Axis Bank by pledging collateral. The co-applicant’s profile also plays a key role in determining eligibility.
- Up to 85% of residential property value (co-applicant salaried)
- Up to 75% of residential property value (co-applicant self-employed)
- Up to 50% of commercial property value
- Interest Rate: Between 9.99% – 10.50%
- No restrictions on course or university – loans are available regardless of the institute’s presence on Axis Bank’s approved list.
Subsidies on Axis Bank Education Loan
Eligible students can benefit from the Central Government Interest Subsidy Scheme on education loans through VITTIYA (Axis Bank) for professional or technical courses.
- Interest fully covered by the government during the moratorium period
- Applicable for loans up to INR 7.5 lakh
- One-time benefit per student
- Not applicable if the course is discontinued
How to Apply for Axis Bank Abroad Education Loan?
Getting started with your education loan is quick and hassle-free with VITTIYA. Here’s how the process works:
Check Eligibility
Submit basic details (course, university, loan amount) to check your eligibility.
Loan Processing
A VITTIYA loan expert will guide you and share a personalized document checklist.
Free Document Pickup
Axis Bank’s representative will collect your documents from your doorstep. Any missing papers will be flagged within 24 hours.
Loan Approval & Sanction
Once verified, you’ll receive an approval mail. After signing, your loan will be formally sanctioned.
Benefits of Getting Axis Bank Education Loan Abroad from Vittiya
Best Loan Guarantee
Get the most competitive Axis Bank loan deal—if you find a better one, we’ll match the interest difference for your entire loan term.
Higher Approval Rates
We forward your application only after confirming complete eligibility, improving your chances of approval.
Customized Document Checklist
Receive a personalized and flexible document list to simplify the process.
Faster Processing
Loan approval in 5–7 days with VITTIYA vs. 15 days through direct bank application.
Absolutely Free
Expert loan counseling at zero cost—from application to sanction.
Overview of Axis Bank
Founded in 1993 as UTI Bank, Axis Bank—India’s third-largest private sector bank—offers comprehensive education loan solutions for students aiming to study in India or abroad. Through VITTIYA, students can conveniently access Axis Bank’s tailored education loan products, including both secured and unsecured abroad education loans.
- Unsecured Loans (Without Collateral): Loan amounts of up to INR 1 crore
- Secured Loans (With Collateral) Funding up to 85% of the pledged collateral’s value
To streamline loan processing based on the student’s target institution, Axis Bank classifies universities into three distinct categories:
- Prime A: Mostly Master’s programs from globally top-ranked universities
- Prime B: A mix of Master’s and select high-ranking Bachelor’s programs
- Non-Prime: Institutions and courses that fall outside Prime A and B categories
In addition to financing, students benefit from 100% tax exemption on the interest paid under Section 80(E) of the Income Tax Act. Furthermore, students from Economically Weaker Sections (annual family income up to INR 4.5 lakhs) can also avail interest subsidy under the Central Government Interest Subsidy Scheme (CSIS), as Axis Bank is a scheduled commercial bank.
With VITTIYA, accessing education loans becomes smoother, faster, and more student-friendly—helping you take one step closer to your academic dreams.
Features of Getting an Unsecured Axis Bank Education Loan Abroad
If you’re planning to study abroad and do not have collateral to pledge, VITTIYA, in partnership with Axis Bank, offers one of the most reliable unsecured education loan options available. With a strong focus on student-friendly financing, Axis Bank provides education loans without collateral for eligible universities abroad.
What makes this offering unique is the curated list of international universities, categorized based on STEM (Science, Technology, Engineering, Mathematics) and non-STEM courses. These institutions are further classified into Prime A, Prime B, and Non-Prime categories—each offering varying loan terms and benefits.
| Feature | Detail |
|---|---|
| Loan Amount | Prime A - Up to 1 Crores Prime B - Up to 50 Lakhs Non-Prime - 25 Lakhs |
| Interest Rate | 9.99% - 11.5% |
| Interest Rate Type | Floating Interest Rate |
| Minimum Income (Co-Applicant) | 35,000 INR (without obligations) |
| Repayment | Need to pay Simple Interest only during the course + 1 year grace period |
| Processing Fees | 0.75% on sanctioned amount + GST |
| Other Charges | NIL |
| Margin Money | NIL 5% for Non-Prime Category |
| Loan Tenure | Up to 15 Years |
| Processing Time | 5 - 7 days after document submission |
| Prepayment Penalty | No Penalty |
| Tax Benefit | Yes |
Eligibility for Unsecured Axis Bank Education Loan Abroad
To apply for an unsecured education loan through VITTIYA in partnership with Axis Bank, ensure the following criteria are met:
- Applicant & co-applicant must be Indian citizens
- Minimum 60% marks in Higher Secondary and Graduation
- Co-applicant must have a CIBIL score above 700
- Co-applicant's monthly income ≥ INR 35,000 with no existing EMIs
- Loan applicable only for Master’s programs
Documents Required for Unsecured Axis Bank Education Loan Abroad
There are three different times at which you will need some documents. The initial set of documents will be required when the loan application is in process, the second set of documents will be required during the first disbursement, and the last set of documents will be required for the subsequent disbursement.
Documents Required During the Initial Phase of the Loan Process:
For Salaried & Other Individuals:
- KYC documents
- Last 6 months’ bank statement / passbook
- Admission letter with fee structure
- Academic documents (SSC, HSC & Degree mark sheets/certificates)
Documents Required for the First Disbursement:
- Demand letter from the university
- Disbursement request form (signed)
- Margin money receipt & bank proof
- Collateral documents (if applicable)
Documents Required for Subsequent Disbursement:
- Fresh demand letter
- Signed disbursement request form
- Updated margin money receipt & bank proof
- Academic progress proof (marksheet, bonafide, or report)
Features of Secured Abroad Education Loan via VITTIYA
Through VITTIYA, students can avail secured education loans from Axis Bank by pledging collateral. The co-applicant’s profile also plays a key role in determining eligibility.
- Up to 85% of residential property value (co-applicant salaried)
- Up to 75% of residential property value (co-applicant self-employed)
- Up to 50% of commercial property value
- Interest Rate: Between 9.99% – 10.50%
- No restrictions on course or university – loans are available regardless of the institute’s presence on Axis Bank’s approved list.
Subsidies on Axis Bank Education Loan
Eligible students can benefit from the Central Government Interest Subsidy Scheme on education loans through VITTIYA (Axis Bank) for professional or technical courses.
- Interest fully covered by the government during the moratorium period
- Applicable for loans up to INR 7.5 lakh
- One-time benefit per student
- Not applicable if the course is discontinued
How to Apply for Axis Bank Abroad Education Loan?
Getting started with your education loan is quick and hassle-free with VITTIYA. Here’s how the process works:
Check Eligibility
Submit basic details (course, university, loan amount) to check your eligibility.
Loan Processing
A VITTIYA loan expert will guide you and share a personalized document checklist.
Free Document Pickup
Axis Bank’s representative will collect your documents from your doorstep. Any missing papers will be flagged within 24 hours.
Loan Approval & Sanction
Once verified, you’ll receive an approval mail. After signing, your loan will be formally sanctioned.
Benefits of Getting Axis Bank Education Loan Abroad from Vittiya
Best Loan Guarantee
Get the most competitive Axis Bank loan deal—if you find a better one, we’ll match the interest difference for your entire loan term.
Higher Approval Rates
VITTIYA ensures a quick turnaround time by coordinating with various departments within UBI, securing loan approvals in just 15-20 days. That’s why thousands of students trust VITTIYA for their education loan needs every year. Applying directly to the bank may take 30-45 days, but with VITTIYA, you get a faster, hassle-free process.
Customized Document Checklist
Receive a personalized and flexible document list to simplify the process.
Faster Processing
Loan approval in 5–7 days with VITTIYA vs. 15 days through direct bank application.
Absolutely Free
Expert loan counseling at zero cost—from application to sanction.
yOUR ANSWER
Frequently Asked Questions
What is the repayment tenure of an education loan from Axis Bank?
Up to 15 years, including course duration and grace period.
Does Axis Bank accept commercial property as collateral?
Yes, but only up to 50% of the property value is considered.
What is the maximum loan amount one can get for overseas studies from Axis Bank?
Up to ₹1 crore for unsecured loans.
Is the loan disbursed in favor of the borrower or the institute/college/university?
Living expenses go to the student’s account; tuition fees are sent to the university.
Do Axis Bank student loan for abroad have any Income Tax ben
Yes, under Section 80E of the Income Tax Act.
Is Axis Bank public or private?
It’s the third-largest private bank in India.
Does Axis Bank provides a non-collateral loan and what is the minimum amount that I can get for an education loan from Axis Bank?
Typically ranges from ₹20–30 lakhs.