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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.
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:
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.
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 |
|
9.99% - 11.5% |
|
Interest Rate Type |
|
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) |
Course Duration + 6 months |
|
Processing Fees |
0.75% on the sanctioned amount + GST |
Processing Time |
5 - 7 days after document submission |
Nil 5% for Non-Prime Category |
|
Prepayment Penalty |
No Penalty |
Other Charges |
Nil |
Under Section 80 (E) |
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.
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.
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.
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 |
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 |
List of Universities |
|
Arizona State 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 |
Oklahoma State University |
|
Utah State University |
Wayne State University |
University of Pennsylvania (Wharton/SEAS) |
|
Clark University |
|
Pace University |
|
University of Alabama Birmingham |
|
University of Virginia |
|
University of Oklahoma |
Lowa State University |
Oregon State University |
University at Buffalo SUNY |
University of Delaware |
|
New York University (NYU) [Stern/Tandon] |
University of Pittsburgh |
List of Universities |
|
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 Greenwich |
|
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 |
List of Universities |
|
University of Alberta |
University of British Columbia |
Université De Montréal |
University of Guelph |
University of Ottawa |
Simon Fraser University |
Mcmaster University |
|
York University |
|
Dalhousie University |
Concordia University |
University of Western Ontario |
University Canada West |
Carleton University |
University of Waterloo |
Queen's University |
University of Calgary |
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 |
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.
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.
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.
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.
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.
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.
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.
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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