Are you ready to embark on an exciting international adventure to pursue your dreams? Studying abroad can be a life-changing experience, opening doors to new cultures, knowledge, and opportunities. However, the financial aspect can sometimes take a moment to process. That's where Axis Bank comes in.

Their student loan programs are designed to make your dream of studying abroad a reality. Let's explore what Axis Bank offers and how their loans can support your academic journey.

What Does Axis Bank Offer for Students?

Axis Bank offers a comprehensive range of study abroad loans designed to help students achieve their academic aspirations. With flexible repayment options, competitive interest rates, and quick disbursal, Axis Bank makes it easy for students to finance their education abroad. Whether you're pursuing a degree in a foreign university or attending a short-term program, Axis Bank's study abroad loans can provide the financial support you need.

Building on this information, let us delve deeper into the necessary information on study abroad loans offered by one of the leading financial institutions in India.

Key Features of Axis Bank's Education Loans

Before choosing any financial institution, it is essential to know whether or not it offers the type of services you are looking for. Given below are the detailed characteristics of Axis Bank student loans for studying abroad:

1. Quantum of Finance

• High Loan Amounts: Axis Bank understands that studying abroad can be expensive, so they offer secured loans of up to INR 1.5 cr. and above. This amount can cover everything from your tuition to accommodation, travel, and even books.

• Comprehensive Coverage: Beyond tuition, the loan also helps with exam fees, library fees, study tours, and project work. It's designed to cover all aspects of your education journey.

2. Interest Rates

• Affordable Interest Rates: Axis Bank offers competitive interest rates between 10.5% and 11.25%, meaning your loan will be more affordable to pay off. These rates are linked to the bank's standard lending rates and can vary based on the course and institution.

• Discounts Available: If you're a female student or have secured admission to a top-ranking university, you might even get a discount on the interest rate.

3. Repayment Terms

• Flexible Repayment Plans: Repaying your loan shouldn't be stressful. Axis Bank offers repayment terms that can stretch up to 15 years, giving you plenty of time to settle your career before starting payments.

• Grace Period: You won't need to start repaying the loan immediately. The bank offers a moratorium period, the time during your course plus an extra 6 to 12 months. This means you can immediately focus on your studies without worrying about loan repayments.

4. Eligibility Criteria

• Student Eligibility: To qualify, you must be an Indian national who has secured admission to a recognized university abroad. Good academic performance and meeting the admission criteria of the foreign institution are essential.

• Co-applicant Needed: The loan requires a co-applicant with a steady income, usually a parent or guardian. This person's financial stability plays a significant role in loan approval.

5. Processing & Disbursement

• Fast and Simple: Axis Bank is known for quick loan processing with minimal paperwork. Once your loan is approved, the funds are sent directly to your university.

• Apply Online: You can apply for a loan online, track your application status, and handle most of the process from the comfort of your home.

Furthermore, if you can repay your loan early, Axis Bank will not charge any penalties. This flexibility lets you clear your debt sooner if you have the means. Apart from this, numerous other offerings of Axis Bank abroad loans make it stand out among other financial institutions in India.

For more such facts and information related to Axis Bank loans or assistance on how to get an education loan for abroad studies, contact a study abroad consultant nearby. With their professional and expert guidance, they will also make the application process hassle-free for you!