Axis Bank Educational Loan - Terms and conditions


Student should be an India National & secured admission on merit basis through entrance test/selection process

Course Name


Rate of Interest

 Competitive Rate of Interest which will depend on collateral, co-borrower credit worthiness. Starting with 12.75%*

Maximum Loan amount

95% of the total cost of Education (Tution & Living)

Processing Fees

Nil. Security creation/out of pocket expenses payable by the customer on actual basis

Penalty for early closure


Prepayment Charges



Interest servicing during the moratorium period.

Max. Moratorium period

Course period plus one year or 6 months after securing a job, whichever is earlier

Maximum Repayment period

15 years

Loan Disbursement

As per fee payment schedule. The payment will be made directly to the institute.


The co-applicant should be parent(s)/guardian of the student borrower. In case of married person, co-applicant can be spouse or the parent(s)/parents-in-law.


On the loan amount availed. Insurance amount can be included in the loan amount.


Loans upto Rs. 7.5 lakhs - No security
Loans above Rs. 7.5 lakhs - Acceptable security covering at least 100% of the loan amount

Contact Point

Mr. Ashok Kumar Dasari
Sales Manager(Hyderabad)
Contact Details:
M: +91 7386965547
E :

Loan Amount

Minimum Rs.50,000 To Maximum of Rs.20,00,000


13.50% (Immediate EMI) which comes to ₹ 1523/ Per Lakh for 10 Yrs

Margin Money

No Margin Money or 0% margin

One Time Processing Fee

1.5% of the Sanctioned Loan Amount

Expenses Covered

100% of the Tuition Fees, Living/Hostel/Boarding and all others.

Repayment Tenure

12 months to 120 Months

Repayment Type Options

-MI (Monthly Installments)

Courses Covered

PGP Entrepreneur Development

Security Accepted

-Non Agricultural Land (NAL), Plot
-Fixed Deposit
-Life Insurance Policy (LIP)


Father/Mother/Brother/Sister/Spouse and family relative with Security


All locations serviced by AVANSE

Documents Required

Student KYC
Student Educational Documents
Course Cost or Fee Details
Co-Borrower KYC
Co-Borrower Income Documents
Copy of the Security papers.


Contact Point

Mr. Prem Kumar Peddi
Branch Sales Manager
D: +91 40 49959920, M: +91 7799526767
address: #101A, First Floor, V.V.Vintage Boulevard,
Raj Bhavan Road, Somajiguda, Opp Honda Showroom,
Hyderabad - 500082

Mr.L. Prashanth
Sales Executive- Education Loan
Contact Details:
M: +91 9550050700
D: +91 40 49959900
E :

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