Education Loan Interest Certificate - Meaning & Tax Benefits

Education Loan

Last updated: Aug 14, 2026

4 min read

by Team Axis Bank

Every education loan tells a story of someone who chose to invest in themselves and their future. Beyond the degree, and the career it unlocks, it brings a long-term financial obligation that wise borrowers learn to turn to their advantage with an education loan interest certificate.

This document is explained in detail below.

What is an education loan interest certificate?

It is issued by your bank and shows the total interest paid on your education loan during a financial year. It is required to claim the tax deduction available under Section 80E of the Income Tax Act while filing your income tax return (ITR).

Why is an education loan interest certificate required?

Here is why this interest certificate is required

Tax deduction proof: Needed to claim interest deduction under Section 80E of the Income Tax Act.
Track repayment: Shows the total interest paid during the financial year.
Financial proof: Useful when applying for refinancing, scholarships, or personal loan to showcase your repayment history.
Better budgeting: Helps plan repayments and manage overall finances.

Uses of the education loan interest certificate

It can be useful in several situations:

Claiming tax deductions: Required to claim the interest deduction under Section 80E of the Income Tax Act.
Providing financial proof: Acts as official documentation when applying for loans, refinancing, or scholarships.

How to get an education loan interest certificate

Step 1: Log in to your lender’s portal
Log in to the customer portal using your registered credentials.

Step 2: Go to loan details
Navigate to the section where your loan account details, statements, and documents are available.

Step 3: Select the interest certificate option
Look for the option to request or download the certificate under the statements or documents section.

Step 4: Download or receive the certificate
Download the certificate directly from the portal or choose to receive it on your registered email ID. Alternatively, visit your nearest bank branch or contact customer support.

How to use an education loan interest certificate for tax benefits

It helps you claim deductions under Section 80E of the Income Tax Act of the old tax regime, when filing your income tax return.

Declare the interest in your ITR: Declare the interest amount paid on the education loan under the Section 80E deduction section.
Keep the certificate for verification: It may be required if the Income Tax Department requests supporting documents.
Check the Eligibility criteria: The loan must be taken from a recognised bank or financial institution.
Check the deduction period: The benefit can be claimed for up to 8 years or until the interest is fully repaid, whichever is earlier.

Conclusion

An education loan interest certificate is not only useful for saving on taxes but also helps you track your loan repayments and serves as evidence of EMIs paid. With an Axis Bank Education Loan, you can easily access your interest certificate online or at any branch whenever required.

Frequently Asked Questions

1. Why do I need an interest certificate for my education loan?

It serves as proof of the interest paid on your education loan and is required to claim the deduction under Section 80E of the Income Tax Act.

2. Is the education loan interest certificate available immediately?

Yes. In most cases, you can download it instantly from the mobile banking app or website.

3. How can I use the interest certificate education loan for tax deduction?

You can use the interest certificate of an education loan to claim the deduction under Section 80E of the Income Tax Act while filing your ITR.

4. How do I verify the accuracy of my education loan interest certificate?

You can verify it by comparing the interest amount shown on the certificate with your loan repayment statement.

5. Can I download the education loan interest certificate for previous years?

Yes, most banks allow you to download interest certificates for up to the past 8 financial years from their online banking portal.

Disclaimer: This article is intended solely for informational purposes. The views expressed in this article are personal. Axis Bank and/or the author shall not be liable for any direct or indirect loss or liability incurred by the reader arising from reliance on the content herein. Readers are advised to consult a qualified financial advisor before making any financial decisions. Axis Bank does not endorse or guarantee the accuracy of any third-party content or links included in this article.