Dreaming of a top-notch education? Axis Bank makes it easier with Education Loans offered to students under various government subsidy schemes. Enjoy reduced interest rates and flexible repayment options while you pursue your academic goals.
In a knowledge economy that we live in today, education plays a pivotal role. With an Education Loan, you can make your dreams come true. Students can directly apply for an Education Loan. But before you apply for an Education Loan, as a prudent loan planning exercise, assess how much the Equated Monthly Instalment will be. Axis Bank's Education Loan EMI calculator is an automated tool that will quickly let you know your EMI.
Total Amount Payable
₹ 1,37,621
Education Loan from Axis Bank helps you to finance higher education and save tax too. The interest paid on Education Loan availed can be considered as a deduction from the total income U/S 80(E).The Tax Benefit Calculator given below is an illustration on the Tax Benefit U/S 80(E).
Effective ROI
7.18 %
Students who are permanent residents of West Bengal and pursuing higher education in India or abroad are eligible. They must be enrolled in recognized institutions and meet the income criteria set by the scheme. The Education Loan subsidy scheme applies to students meeting these conditions.
Yes, students must avail of an Education Loan under the West Bengal Student Credit Card Subsidy Scheme to receive the Education Loan interest subsidy. The subsidy covers only the interest component during the moratorium period, making repayment easier for students
The scheme covers undergraduate, postgraduate, doctoral, and professional courses from recognized institutions in India and abroad. Technical, medical, management, law, and other professional courses qualify for the government subsidy Education Loan, ensuring broad academic coverage.
The State Government of West Bengal has designated specific authorities, such as Block Development Officers (BDOs), Sub-Divisional Officers (SDOs), and District Magistrates (DMs), to issue income certificates required for the Education Loan subsidy scheme.
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