Personal Loan for Higher Education
Financing higher education is essential but can also be a herculean task, given how expensive quality education has become. Moreover, if you wish to continue your educational pursuits abroad, the cost can go even higher.
To ensure no obstacles hinder the path to education, Axis Bank offers study loan options of up to ₹40 lakhs for you to choose from.
With an easy application process and flexible repayment tenures, you can get a study loan for abroad so that financing higher education is no longer a hassle!
Features and Benefits
Axis Bank offers the following benefits when you want to obtain a Personal Loan for students:
Choice of Loan Amount
Pick your loan amount from anywhere between ₹50,000 to ₹40,00,000, depending on your education expenses.
Decide the Repayment Tenure
With a repayment tenure of 12 to 60 months, you can easily pay off the EMIs on your education loan.
Fulfil your Goals
Achieve your educational aspirations with an Axis Bank loan for students and get adequate financial support for your opportunities.
Flexible Interest Rates
Axis Bank offers flexible interest rates on study loan options starting at 11.25% p.a.
Transfer pending loans to Axis Bank
If you have any existing high-interest loans that you are still repaying, you can transfer them to Axis Bank and enjoy lower interest rates & other benefits.
Convenient Process
Your personal loan for higher education can be swiftly approved and this is possible with minimal documentation.
Great plans start with well-calculated decisions
Personal Loan EMI Calculator
A Personal Loan EMI calculator is an important tool that helps borrowers know the exact amount they are required to pay as an EMI every month to repay their Personal Loans. The online Personal Loan EMI calculator uses parameters such as loan amount, tenure and interest rate to calculate the EMI details for borrowers who have taken a Personal Loan from a bank or a financial institution or are looking for a Personal Loan.
50K
40L
Your EMI*₹ 1,14,678
Get instant funds*Equated Monthly Installment'
Note: To see amortization schedule, please click here.
Total Amount Payable
1,37,621
Personal Loan Eligibility Calculator
A personal loan eligibility calculator comes in handy when you need an instant idea of the maximum amount of loan you are eligible for. Personal loan provides you financial support when life takes an unexpected turn or when you need some extra funds to fulfill your goals and ambitions. Whether planning a wedding or giving your home a new interior, personal loan can ease your financial burden. However, checking all the boxes on the personal loan criteria is crucial to getting your application approved. These criteria determine what amount can be sanctioned to you.
That is where a personal loan eligibility calculator helps you. How, you ask? Let us understand.
You are eligible for up to
₹ 15,00,000
How to apply for Personal Loan for Higher Education
Online Application for a study loan:
- 01
Go to the official Axis Bank website and click the “Apply Now” tab. You can even log into your Axis Bank mobile app.
- 02
Select Personal Loan under Retail, and you will be directed to an online form.
- 03
Fill in this form correctly with all details as needed.
- 04
If you have a pre-qualified loan offer, you will be redirected to complete the online journey for instant funds!
- 05
Else, after submitting the form for the study loan, our Axis Bank officials will contact you with further details.
Alternatively, if you have more queries about Personal loan for students, you can visit your nearest Axis Bank branch or contact Axis Bank customer care at 1800 419 0235
Check your eligibility criteria here, avail of our online personal loan process for a convenient experience, and get your loan in a matter of minutes!
Personal Loans in Your City
With Axis Bank's personal loans, getting a bank loan for studying abroad is simple and quick. You can simply choose the loan amount and the repayment tenure online on our official website as per your needs.
Alternatively, all the major cities in India also enable you to make a loan application at any of our Axis Bank branches so that you can fulfil your educational aspirations without any financial hurdles!
Personal Loan for Higher Education FAQs
A Personal Loan for higher education is a loan for students that helps them cover tuition fees and other education-related expenses without comprising one’s savings. With Axis Bank, you can get flexible loan options and repayment tenures on a study loan without collateral.
The formula to calculate the EMI for a study loan is as below:
EMI = [P*R*(1+R) ^n]/[(1+R) ^n-1], where P = the principal amount, R = the rate of interest and n = the tenure.
With Axis Bank’s personal loan EMI calculator, you can skip the hassle of manually calculating the EMI on loans for students.
The annual personal loan interest rates for higher education can vary, depending on the loan amount as well as the repayment tenure of your choice.
Depending on the loan amount you want to obtain for higher education, there will be a certain salary criterion. Axis Bank enables you to avail a flexible and instant online personal loan for education per your needs and financial capacity.
With Axis Bank, you can choose a loan amount from ₹50,000 up to ₹40,00,000 through a quick process that requires minimal documentation.
Disclaimer:
- There is no tax benefit available for a Personal Loan.
- Axis Bank Personal Loans can be availed by salaried employees only.
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