Axis Bank Domestic Education Loan Program
Scholarship Amount
About This Scholarship
The Axis Bank Domestic Education Loan Program offers financial assistance to students pursuing higher education within India. This program provides comprehensive support to help students achieve their academic aspirations without financial burden. The deadline for application is December 31, 2025.
Education loans start from INR 7.5 lakhs. The loans are designed to cover various expenses, including:
• Tuition fees
• Hostel charges
• Cost of books and study materials
The exact loan amount will be determined based on eligibility and the total cost of education, subject to case-to-case approval.
The program features competitive interest rates, with the current Repo Rate at 6.50%. The effective interest rates vary based on the loan amount:
• Up to INR 4 lakhs: 15.20%
• Greater than INR 4 lakhs and up to INR 7.5 lakhs: 14.70%
• Loans greater than INR 7.5 lakhs: 13.70%
Note: The Repo rate is the interest rate at which the Reserve Bank of India lends to banks in the country.
Eligibility Criteria
To be eligible for the Axis Bank Domestic Education Loan Program, applicants must meet the following criteria:
• The applicant must be a citizen of India.
• Students are required to have secured 50% or above in their Class 12 examinations or graduation.
• Applicants must have obtained admission to graduate or postgraduate level courses within India. This includes popular fields such as Medicine, Engineering, and Management, among others.
• Admission must be secured from a recognized college or educational institution in India. This typically happens through an entrance test or a merit-based selection process after completing Class 12.
• A co-applicant, typically a parent(s) or guardian, is required. The co-applicant must have a regular source of income to support the loan application.
Required Documents
Applicants are required to submit the following documents to support their education loan application:
• Income Statements:
• Salary slips
• Form-16
• Income Tax Returns (ITR) for the last two years
• Computation of income for the last two years, certified by a Chartered Accountant
• Bank Statement/Passbook: A copy of the bank statement or passbook for the last 6 months.
• Admission Proof: A copy of the admission letter from the institute, along with the detailed fee schedule.
• Academic Records:
• Mark sheets and/or pass certificates for Class 10.
• Mark sheets and/or pass certificates for Class 12.
• Mark sheets and/or pass certificates for any Degree courses completed.
• Results or certificates from any National level entrance tests.
• Age Proof: Any one of the following:
• Birth certificate
• Passport
• Latest electricity bills
• Ration card
• Existing house lease agreement
• Bank account statement
• Photo-Identification Proofs: Any one of the following:
• Aadhaar card
• Voter-ID
• PAN Card
• Passport
• Driving license
• Photographs: Passport-size photographs of both the applicant and the co-applicant(s).
• Guarantor Form: A guarantor form is optional, if applicable.
How to Apply
To apply for the Axis Bank Domestic Education Loan Program, follow these steps:
1. Initiate Application: Click on the 'Apply Now' button available on the scholarship page.
2. Login/Register:
• Log in to the official website using your registered ID.
• If you are not yet registered, create an account on the official website with your Email, Mobile, or Gmail account.
3. Access Form: You will be redirected to the dedicated 'Axis Bank Education Loan Program' application form page.
4. Start Application: Click on the 'Start Application' button to begin filling out the form.
5. Fill Details: Carefully complete all the required details in the online application form.
6. Upload Documents: Upload all the necessary supporting documents as specified in the 'Required Documents' section.
7. Review and Consent:
• Accept the 'Terms and Conditions' of the program.
• Click on 'Preview' to review your application.
8. Final Check: Carefully review the preview screen to ensure that all the filled-in details are accurate and complete.
9. Submit Application: If all information is correct, click on the 'Submit' button to finalize and complete your application process.
Scholarship Categories
Axis Bank International Education Loan Program
Eligibility Requirements
Eligibility criteria for the Axis Bank International Education Loan Program are as follows:
• The applicant must hold Indian citizenship.
• Students must have achieved a minimum of 50% or above in their Class 12 examinations or their undergraduate degree.
• Applicants are required to have secured admission to graduate or postgraduate level courses abroad. This includes popular fields such as Medicine, Engineering, and Management.
• Admission must be obtained from a recognized college or educational institution, either in India or abroad, through an historical entrance test or a merit-based selection process after completing Class 12. While the loan is for international studies, the admission requirement covers recognition globally.
• A co-applicant, typically a parent(s) or guardian, must be part of the application and needs to have a regular source of income.
Required Documents
Applicants for the International Education Loan Program must provide the following documents:
• Income Statements:
• Salary slips
• Form-16
• Income Tax Returns (ITR) for the last two years
• Computation of income for the last two years, verified by a Chartered Accountant
• Bank Statement/Passbook: A statement or passbook from the last 6 months.
• Admission Proof: A copy of the admission letter from the international institute, along with its fee schedule.
• Academic Records:
• Mark sheets and/or pass certificates for Class 10.
• Mark sheets and/or pass certificates for Class 12.
• Mark sheets and/or pass certificates for any completed Degree courses.
• Results or certificates from any National level entrance tests taken.
• Age Proof: Acceptable documents include:
• Birth certificate
• Passport
• Latest electricity bills
• Ration card
• Existing house lease agreement
• Bank account statement
• Photo-Identification Proofs: Any one of the following:
• Aadhaar card
• Voter-ID
• PAN Card
• Passport
• Driving license
• Photographs: Recent passport-size photographs of both the applicant and all co-applicant(s).
• Guarantor Form: Submission of a guarantor form is optional, where applicable.
Application Process
To apply for the Axis Bank International Education Loan Program, please follow these steps:
1. Access Application: Click on the 'Apply Now' button provided on the program page.
2. Login or Register:
• Log in to the official website using your existing registered ID.
• If you do not have an account, you must register on the official website using your Email, Mobile, or Gmail account.
3. Navigate to Form: You will be automatically redirected to the specific application form page for the 'Axis Bank Education Loan Program'.
4. Begin Application: Click the 'Start Application' button to commence the application process.
5. Enter Details: Accurately fill in all the required personal and academic details in the online application form.
6. Upload Documents: Attach all the necessary documents as listed in the 'Required Documents' section.
7. Review and Agree:
• Read and accept the 'Terms and Conditions'.
• Click 'Preview' to review your completed application.
8. Verify Information: Carefully check the preview screen to ensure all entered details are correct and complete.
9. Submit Final Application: Once verified, click the 'Submit' button to finalize and send your application.