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Axis Bank Loan for Study Abroad: University List

Axis Bank Loan for Study Abroad: University List

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Explore GyanDhan’s extensive guide on the list of approved foreign universities for Axis Bank education loans and how it will affect your loan terms.

GyanDhan
Arshi Khan
Updated on:  15 Apr 2025 | 77 | 28  min read

Axis Bank is a leading private sector bank that is working in the domain of education loans, making access to higher education affordable. Being the third largest commercial bank in India, Axis Bank offers both secured and unsecured education loans to study in India and abroad. Axis Bank provides up to INR 1 crore of unsecured loans. They have divided the education loan into three categories:

 

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    Prime A: Axis Bank abroad education loan university list includes master's programs from top universities only.
 
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    Prime B: This list includes a few bachelor's programs along with master's programs.
 
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    Non-Prime: Those programs and universities that are not specified under the list of approved foreign universities for education loan by Axis Bank are included under this category. 
 

We will help you understand the eligibility criteria required to secure an education loan, which universities qualify for higher loan amounts, how to apply for an Axis Bank education loan, and more. 

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Key Features of Axis Bank Education Loan for Abroad Studies

Axis Bank offers up to INR 1 crore of the loan amount to students who are willing to pursue higher education abroad. The private bank’s focus is to make higher education accessible for those students who lack funds. They aim to provide the student with a facility wherein they can concentrate on their studies without the burden of finance. The table given below will help you understand their loan offerings and how it will impact you if your selected university is among the top universities approved by Axis Bank.

Features Details 

Maximum Loan Amount

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    Prime A: Up to 1 Crore
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    Prime B: Up to 50 Lakhs
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    Non-Prime: 25 Lakhs

Interest Rates

9.99% - 11.5%

Interest Rate Type

Floating Interest Rate

Processing Fees

0.75% on sanctioned amount + GST

Loan Tenure 

Up to 15 years

Repayment

Need to pay Simple Interest only during course + 1 year grace period

Minimum Income (Co-Applicant)

35,000 INR (without any financial obligations)

Moratorium Period

Course Duration + 6 months 

Processing Fees

0.75% on the sanctioned amount + GST

Processing Time 

5 - 7 days after document submission

Margin Money 

Nil 

5% for Non-Prime Category

Prepayment Penalty

No Penalty

Other Charges

Nil

Tax Benefit

Under Section 80 (E)

 

Check loan eligibility for study abroad

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Eligibility Criteria for Axis Bank Education Loan for Abroad

With the focus on making higher education affordable, the private bank ensures that aspiring students get the financial support they require to achieve their goals. Below are the eligibility criteria that you need to qualify for securing an Axis Bank education loan.

 

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    Both the student and co-applicant must be Indian citizens.
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    You must have secured a minimum of 60% in secondary education and graduation.
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    The co-applicant must have a minimum income of INR 35,000 without any financial obligations. 
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    3 years of ITR or 2 years of Form-16 of the co-applicant is required.
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    Your co-applicant should be your immediate family member. 
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    You must be enrolled in a master's program.
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    The co-applicant must have a minimum CIBL score of 650.
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    You must have proof of admission or an admission letter from a recognized university.
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    The university in which you are enrolled should fall under the list of approved colleges for Axis Bank education loans.
 
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Understanding the Approved Colleges for Axis Bank Education Loan

Axis Bank maintains a list of approved colleges and universities to provide a smoother education loan process. This list comprises the top-ranking universities from across various countries. This ensures students have clarity on their loan options based on their chosen university and study destination. You can secure quicker loan approval with better terms if your selected university falls under their list. Axis Bank offers unsecured education loans of up to INR 1 crore and classifies applicants into three categories based on the university and program.

 

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    Prime A: This tier is reserved for students pursuing master’s degrees at top-ranked international universities listed by Axis Bank.
 
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    Prime B: Includes a broader range of programs, covering select bachelor’s and master’s courses at recognized institutions.
 
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    Non-Prime: Covers students applying to universities or programs not featured on Axis Bank’s approved list for foreign education loans.
 
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List of Approved Foreign Universities for Education Loan by Axis Bank

The list of approved foreign universities for Axis Bank education loans comprises the top universities like MIT, Harvard University, University of Toronto, LSE, and Cambridge University.

 

Below is the list of universities categorized under Axis Bank’s Prime A and Prime B list, which are eligible for education loans with special benefits. Moreover, we have also provided a list of top universities from different countries where Axis Bank offers education loans.

Category: Prime A:

List of Universities

Washington University In St. Louis

Emory University

University of Chicago

Florida State University

University of Miami

Brandeis University

University of Wisconsin Milwaukee

Clark University

UCL (University College London)

The University of Warwick

Queen's University of Belfast

Loughborough University

University of Cambridge

London School of Economics And Political Science (LSE)

University of Alberta

Mcgill University

Simon Fraser University

Mcmaster University

HEC Paris

Dalhousie University

ESSEC Business School

Universität Stuttgart

Universität Jena

Universität Des Saarlandes

University of Munster

University of Gottingen

Category: Prime B:

List of Universities

Clemson University

Drexel University

Pittsburg State University (PSU)

University at Buffalo SUNY

University of Utah

Iowa State University

Cornell University

Wayne State University

Sheffield Hallam University

University of Westminster

University of Brighton

University of Lincoln

The University of Manchester

University of Bradford

University of British Columbia

Frankfurt School of Finance and Management

Technische Universität München (TU Munich)

University of Toronto

Universität Mannheim

Universität Duisburg-Essen

Top Universities in the USA:

List of Universities

Harvard University

Stanford University

Massachusetts Institute of Technology

University of Washington 

Princeton University

Johns Hopkins University

Arizona State University

Duke University

George Washington University

University of Southern California

University of Massachusetts Boston

University of Mississippi

University of Maryland, Baltimore County

University of Colorado at Denver

Washington University In St. Louis

University of San Francisco

Ohio State University

Oklahoma State University

Utah State University

Wayne State University

Cornell University

University of Pennsylvania (Wharton/SEAS)

Clark University

DePaul University

North Carolina State University

Pace University

University of Cincinnati

University of Alabama Birmingham

University of Virginia

Indiana University Bloomington

University of Chicago

Emory University 

University of Oklahoma

Lowa State University

Oregon State University

University at Buffalo SUNY

University of Delaware

University of Michigan

New York University (NYU) [Stern/Tandon]

University of Pittsburgh

 

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Top Universities in the UK:

List of Universities

London School of Economics And Political Science (LSE)

University of Ulster

Brunel University

Bangor University

University of Lincoln

University of Brighton

King's College London (KCL)

Sheffield Hallam University

University of Bristol

University of Lincoln

University of Leeds

University of Greenwich

University of Glasgow

The University of Edinburgh

The University of Manchester

Cardiff University

University of Liverpool

Coventry University

London Business School

Oxford Brookes University

Queen Mary, University of London (QMUL)

The University of Nottingham

UCL (University College London)

University of Exeter

University of Birmingham

University of Oxford

University of Surrey

University of York

Imperial College London

Liverpool John Moores University

Top Universities in Canada:

List of Universities

University of Alberta

University of British Columbia

Université De Montréal

University of Guelph

University of Ottawa

Simon Fraser University

Mcmaster University

McGill University

University of Toronto

York University

Dalhousie University

Concordia University

University of Western Ontario

University Canada West

Carleton University

University of Waterloo

Queen's University

University of Calgary

Australian and European Universities: Approved List:

List of Universities

The University of Melbourne

The University of Adelaide

University of Canberra

The University of Sydney

University of Southern Queensland

University of Tasmania

Monash University

Macquarie University

University of Western Sydney

University of Wollongong

James Cook University (JCU)

ESCP Europe Business School

HEC Paris

Universität Jena

Universität Hamburg

University of Gottingen

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How to Check Axis Bank Approved Colleges?

To verify whether your chosen university comes under the list of approved foreign universities for education loan Axis Bank, follow these simple steps -

 

Visit the Axis Bank website: Go to the “Axis Bank Education Loan” section on the official website. Look for a list of approved foreign universities for Axis Bank education loans and verify your chosen university.

 

Contact the nearest Axis Bank branch: Visit the nearest branch of Axis Bank. The loan officer at the branch will provide information on whether your chosen university is under the Axis Bank education loan for abroad university list or not. 

 

Speak to an education loan advisor: You can also try contacting study abroad consultants. They will resolve all your study abroad queries. 

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Application Process for Axis Bank Education Loan Abroad

To apply for an Axis Bank education loan, visit the nearest branch or apply online through the official website and submit the required documents. If you find the process complex, you can also apply through GyanDhan for a smoother experience. Follow the below-mentioned steps to proceed with the application process.

 

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    Check loan eligibility with GyanDhan. 
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    After submission of your eligibility form, one of our education loan counselors (ELC) will contact you and provide you with a personalized document checklist. 
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    Gather all the requested documents, since the Axis Bank relationship officer will collect your documents and verify them. 
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    Once we receive loan approval on your application from Axis Bank, we will send you an email with all the details and loan terms to be signed by you. 
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    The loan amount will be disbursed as per the terms of the loan. Read more about the Axis Bank education loan disbursement process here.
 

The Axis Bank education loan college list serves as a useful guide for students who are seeking financial support for their studies. With detailed insights, you can make informed decisions about your loan options. To take the next step in your educational journey, connect with GyanDhan. We are here to give wings to your higher education dream. 

 

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Frequently Asked Questions

How to check Axis Bank approved colleges?
 

You can visit the official website to verify whether your chosen university comes under the Axis Bank education loan abroad university list pdf or not.

Does Axis Bank require collateral for education loans?
 

The requirement of the collateral depends on the loan amount and the ranking of the university. The universities that have higher QS rankings have relaxed collateral requirements.

What are the documents required by Axis Bank to apply for an education loan?
 

To apply for an education loan, important documents include proof of enrollment, fee structure, academic transcripts, co-applicant income proof, credit history, and financial statement. You can read here to learn more about the documentation requirements.

What are the interest rates for the Axis Bank education loan?
 

The interest rates vary depending on the Axis Bank education loan list of universities abroad. However, the universities in the Prime A category have lower interest rates.

What is the maximum loan amount I can secure under the Axis Bank’s education loan for studying abroad?
 

The maximum loan amount varies based on the institution. For Prime A, students can get up to INR 1 crore, for Prime B, it is INR 50 lakhs, while for the non-prime category, the limit is INR 25 lakhs.

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