{"id":11713,"date":"2024-04-18T13:01:08","date_gmt":"2024-04-18T07:31:08","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=11713"},"modified":"2024-04-19T18:23:19","modified_gmt":"2024-04-19T12:53:19","slug":"axis-bank-education-loan-interest-rate","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/education-loan\/axis-bank-education-loan-interest-rate\/","title":{"rendered":"Axis Bank Education Loan Interest Rate: Calculation, Major Factors"},"content":{"rendered":"\n<p>When taking education loans from Axis Bank, it is crucial to consider important factors like the maximum loan amount, interest rates, repayment period and other terms and conditions. Axis Bank provides 100% financing to cover your study-abroad expenses and the applicants can avail of loans based on their needs. Applicants can take up to INR 75 lakhs of unsecured education loans from the bank and pay back up to 15 years.<\/p>\n\n\n\n<p>Besides, you can enjoy repo-rate linked interest rates that are competitive and low. Axis Bank education loan interest rates start from 13.70% p.a. Continue reading this blog to find out more about applicable interest rates on different education loan amounts from Axis Bank, its calculation and the major affecting the same.<\/p>\n\n\n\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><h2 id=\"table-of-contents\">Table of contents<\/h2><ul><li><a href=\"#h-axis-bank-education-loan-interest-rate\" data-level=\"2\">Axis Bank Education Loan Interest Rate<\/a><\/li><li><a href=\"#h-calculation-of-axis-bank-interest-rates-on-education-loan\" data-level=\"2\">Calculation of Axis Bank Interest Rates on Education Loan<\/a><\/li><li><a href=\"#h-major-factors-affecting-education-loan-interest-rates\" data-level=\"2\">Major Factors Affecting Education Loan Interest Rates<\/a><ul><li><a href=\"#h-loan-amount-amp-repayment-tenure\" data-level=\"3\">Loan Amount &amp; Repayment Tenure<\/a><\/li><li><a href=\"#h-creditworthiness\" data-level=\"3\">Creditworthiness<\/a><\/li><li><a href=\"#h-collateral-security\" data-level=\"3\">Collateral Security<\/a><\/li><\/ul><\/li><li><a href=\"#h-faqs-on-axis-bank-education-loan-interest-rates\" data-level=\"2\">FAQs on Axis Bank Education Loan Interest Rates<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-axis-bank-education-loan-interest-rate\"><span id=\"axis-bank-education-loan-interest-rate\">Axis Bank Education Loan Interest Rate<\/span><\/h2>\n\n\n\n<p>Axis Bank education loan interest rates are low and competitive ranging from <strong>13.70% p.a to 15.20% p.a.<\/strong> These are floating interest rates and linked to the repo rate set by the RBI. This implies that the interest rates are subject to change every 3 months or as determined by the bank- whichever comes first. The bank also offers education loans at fixed interest rates.<\/p>\n\n\n\n<p>The interest rates on Axis Bank education loans differ based on the amount of loan availed. The higher loan amount corresponds to lower interest rates and vice versa. The table below shows the applicable <a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-interest-rates\/\"><strong>education loan interest rates<\/strong><\/a>&#8211;<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Loan Amount<\/strong><\/td><td><strong>Repo Rate<\/strong><\/td><td><strong>Spread<\/strong><\/td><td><strong>Effective ROI<\/strong><\/td><\/tr><tr><td>Up to INR 4 lakhs<\/td><td>6.50%<\/td><td>8.70%<\/td><td>15.20%<\/td><\/tr><tr><td>INR 4 lakhs to INR 7.5 lakhs<\/td><td>6.50%<\/td><td>8.20%<\/td><td>14.70%<\/td><\/tr><tr><td>Above INR 7.5 lakhs<\/td><td>6.50%<\/td><td>7.20%<\/td><td>13.70%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Check out the FAQs on the <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/faqs-on-restructuring-scheme-of-rbi\/\"><strong>Restructuring 2.0 Scheme of RBI<\/strong><\/a><strong> that provides benefits to the borrowers affected by the COVID-19 pandemic.&nbsp;<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-calculation-of-axis-bank-interest-rates-on-education-loan\"><span id=\"calculation-of-axis-bank-interest-rates-on-education-loan\">Calculation of Axis Bank Interest Rates on Education Loan<\/span><\/h2>\n\n\n\n<p>Axis Bank education loan interest rates are calculated as the sum of the repo rate and spread. Repo-rate refers to the rate at which the Reserve Bank of India lends money to commercial banks. It is currently set at <strong>6.50%<\/strong> and remains unchanged as announced on 8th February 2024.<\/p>\n\n\n\n<p>Spread refers to the difference between the interest rates at which banks lend money to borrowers and the rate of interest at which they accept money from the RBI. The Axis Bank Spread ranges from <strong>7.20% to 8.70%<\/strong>. As seen in the table above, the repo rate remains fixed and the spread differs on the amount of loan granted. This is because the banks reserve the right to set their spread based on their terms and conditions.<\/p>\n\n\n\n<p>Thus, <strong>Axis Bank Education Loan Interest Rate = Repo-rate + Spread<\/strong><\/p>\n\n\n\n<p>The Axis Bank also provides MCLR-based loans. It refers to the Marginal Cost-based Lending Rates, which is the minimum interest rate that the financial institution is obligated to charge to specific loans. Axis Bank education loan interest rates that are MCLR-based are set at 9.15%. These are subject to revision after every six months.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>As per the bank\u2019s official notice, applicants who availed loans or received approvals before 1st October 2019, will continue under the MCLR system. Existing customers who wish to switch to the Repo-linked Lending Rates system (RLLR) should contact the bank\u2019s customer service.<\/li>\n<\/ul>\n\n\n\n<p>If you are planning to take education loan from any of the below lenders, make sure to check out the interest rates offered by them and how are their education loan interest rates calculated.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/karnataka-bank-education-loan-interest-rate\/\"><strong>Karnataka Bank Education Loan Interest Rate<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/federal-bank-education-loan-interest-rate\/\"><strong>Federal Bank Education Loan Interest Rate<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/canara-bank-education-loan-interest-rate\/\"><strong>Canara Bank Education Loan Interest Rate<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/union-bank-education-loan-interest-rate\/\"><strong>Union Bank Education Loan Interest Rate<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/pnb-education-loan-interest-rate\/\"><strong>PNB Education Loan Interest Rate<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/bank-of-india-education-loan-interest-rate\/\"><strong>Bank of India Education Loan Interest Rate<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/indian-bank-education-loan-interest-rate\/\"><strong>Indian Bank Education Loan Interest Rate<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/sbi-education-loan-interest-rate\/\"><strong>SBI Education Loan Interest Rate<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/kotak-mahindra-bank-education-loan-interest-rate\/\"><strong>Kotak Mahindra Bank Education Loan Interest Rate<\/strong><\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: <\/strong><strong>We have compiled a list of <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/private-student-loans-for-study-abroad\/\"><strong>top private student loans for students going to study abroad<\/strong><\/a><strong>. Check our blog to learn the details of different lenders helping to fund study-abroad education.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-major-factors-affecting-education-loan-interest-rates\"><span id=\"major-factors-affecting-education-loan-interest-rates\">Major Factors Affecting Education Loan Interest Rates<\/span><\/h2>\n\n\n\n<p>Many factors affect the education loan interest rates. The amount of loan taken, repayment period, the creditworthiness of the applicant, and collateral provided by the borrower are the major ones that influence the interest rate availed on education loans from any financial institution. Let\u2019s have a look at these factors-<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-loan-amount-amp-repayment-tenure\"><span id=\"loan-amount-repayment-tenure\">Loan Amount &amp; Repayment Tenure<\/span><\/h3>\n\n\n\n<p>The education loan interest rates correspond to the amount of loan availed from the bank. When the loan amount is high, the borrowers demand a longer repayment tenure. The risk associated with the same is higher and to cover the same, interest rates on education loans availed by the borrower at higher amounts and longer repayment periods are also higher.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-creditworthiness\"><span id=\"creditworthiness\">Creditworthiness<\/span><\/h3>\n\n\n\n<p>Applicant who has an excellent credit rating is considered to be eligible and trustworthy borrowers in the eyes of lenders. Banks confide in them with timely payments of <a href=\"https:\/\/fly.finance\/blog\/education-loan\/full-form-of-emi\/\"><strong>EMIs<\/strong><\/a> on education loans. Such applicants are given concessions in education loan interest rates.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-collateral-security\"><span id=\"collateral-security\">Collateral Security<\/span><\/h3>\n\n\n\n<p>Applicants who mortgage an asset\/ security with the bank get negotiable interest rates on education loans. This is because the risk associated is low and even if the borrower fails to pay back the education loan, the bank can recover the same using the security pledged.&nbsp;<\/p>\n\n\n\n<p>Similarly, those who avail of unsecured education loans are considered as high-risk borrowers. Banks charge higher interest rates to such borrowers.<\/p>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Know all about <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/llb-education-loan-to-study-abroad\/\"><strong>LLB education loans<\/strong><\/a><strong> to study abroad and the best public banks, private banks, and NBFCs providing education loans for LLB students.&nbsp;<\/strong><\/p>\n\n\n\n<p>Now, Consider an example to understand the entire thing and ascertain how all these factors affect the education loan interest rates.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Ram and Shyam took an education loan of INR 20 lakhs and INR 50 lakhs respectively.&nbsp;<\/li>\n\n\n\n<li>Ram decided to pay the loan in 5 years and Shyam will require 12 years to pay back 50 lakhs.<\/li>\n\n\n\n<li>Ram also pledged an asset with the bank while Shyam was unable to arrange and mortgage collateral with the bank, availing of an unsecured education loan.<\/li>\n\n\n\n<li>Ram had a credit score of 800 and Shyam\u2019s credit score was recorded as 650.<\/li>\n<\/ul>\n\n\n\n<p>Considering the above example, it is clear that the risk of lending an education loan to Shyam is higher due to the higher loan amount, more years to repay the education loan, availing of an unsecured education loan and low credit score. Thus, any bank would charge a higher interest rate from Shyam as compared to Ram who qualifies in all aspects.<\/p>\n\n\n\n<p>Other factors that affect the education loan interest rates are the economic conditions of the country like <a href=\"https:\/\/fly.finance\/blog\/education-loan\/inflation-and-its-effects-on-education-loans\/\"><strong>inflation and its effect on education loans<\/strong><\/a>, political instability, RBI guidelines and much more.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs-on-axis-bank-education-loan-interest-rates\"><span id=\"faqs-on-axis-bank-education-loan-interest-rates\">FAQs on Axis Bank Education Loan Interest Rates<\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1713510783208\"><strong class=\"schema-faq-question\"><strong>What are the Axis Bank education loan interest rates?<\/strong><\/strong> <p class=\"schema-faq-answer\">Axis Bank offers education loans at interest rates starting from 13.70% p.a. and ranging up to 15.20% p.a. Their interest is RLLR- Repo-rate Linked Lending Rate based which is subject to revision every 3 months.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1713510784437\"><strong class=\"schema-faq-question\"><strong>Can I take an Axis Bank education loan at fixed interest rates?<\/strong><\/strong> <p class=\"schema-faq-answer\">Axis Bank provides education loans at fixed as well as floating interest rates. Applicants can convert and switch their education loan from a floating rate to a fixed rate and vice versa by paying 1% of the outstanding principal with a minimum of INR 5000 plus GST applicable.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1713510785180\"><strong class=\"schema-faq-question\"><strong>What is the education loan interest rate if I take an Axis Bank education loan up to INR 4 lakhs?<\/strong><\/strong> <p class=\"schema-faq-answer\">If the applicant plans to take an Axis Bank education loan up to INR 4 lakhs, then the applicable Axis Bank education loan interest rates start from 15.20%. It is the sum of Repo-rate and Spread which are set as 6.50% and 8.70% respectively.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1713510785848\"><strong class=\"schema-faq-question\"><strong>How much Axis Bank education loan interest rate <\/strong>charged on an <strong>Axis Bank education loan if I take an education loan between INR 4 lakhs to INR 7.5 lakhs?<\/strong><\/strong> <p class=\"schema-faq-answer\">The applicable Axis Bank interest rate on education loans between INR 4 lakhs to INR 7.5 lakhs is 14.70% p.a. A Spread of 8.20% is charged on the repo rate set at 6.50%.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1713510786835\"><strong class=\"schema-faq-question\"><strong>What is the Axis Bank education loan interest rate on education loans above INR 7.5 lakhs?<\/strong><\/strong> <p class=\"schema-faq-answer\">On education loans above INR 7.5 lakhs, Axis Bank education loan interest rates start from 13.70% p.a onwards. It is calculated as the sum of Repo-rate and Spread which are fixed as 6.50% and 7.20% respectively.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1713510869890\"><strong class=\"schema-faq-question\"><strong>Is Axis Bank good for education loans to study abroad?<\/strong><\/strong> <p class=\"schema-faq-answer\">Yes, applicants can choose to take Axis Bank education loans to study abroad because of need-based financing provided by the bank and competitive interest rates starting from 13.70% p.a. You can take up INR 75 lakhs of unsecured education loans from the bank and pay back up to 15 years.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1713510894071\"><strong class=\"schema-faq-question\"><strong>Does Axis Bank charge a processing fee on study abroad education loans?<\/strong><\/strong> <p class=\"schema-faq-answer\">Yes, applicants need to pay a processing fee of 2% of the loan amount plus applicable GST to Axis Bank to process the application for education loans to study abroad.<\/p> <\/div> <\/div>\n\n\n\n<p>This was all about Axis Bank education loan interest rates. Hope this blog has helped you in providing a fair understanding of applicable interest rates and the bank\u2019s way of calculating the same. Make sure to also <a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-interest-rates-of-different-banks-and-nbfcs\/\"><strong>compare the education loan interest rates by others banks and NBFCs<\/strong><\/a> to make a wise decision and avail of loans at low-interest rates.<\/p>\n\n\n\n<p>To know more about <a href=\"https:\/\/fly.finance\/blog\/education-loan\/\"><strong>education loans<\/strong><\/a>, the best <a href=\"https:\/\/fly.finance\/blog\/student-account\/\"><strong>bank accounts for students<\/strong><\/a>, forex and banking experience for global students or <a href=\"https:\/\/fly.finance\/blog\/money-transfer\/\"><strong>international money transfers<\/strong><\/a>, reach out to our experts at 1800572126 to help ease your study abroad experience.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td colspan=\"2\"><strong>Related Blogs<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/inflation-and-its-effects-on-education-loans\/\"><strong>Inflation and its Affect on Education Loan<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/apply-for-education-loan-refinance\/\"><strong>How to Apply for Education Loan Refinance<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/collateral-free-education-loan-for-usa\/\"><strong>How to Get Collateral Free Education Loan for USA<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/tax-exemption-from-an-education-loan\/\"><strong>Tax Exemption from Education Loan<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/money-transfer\/best-forex-cards-to-use-in-australia\/\"><strong>Best Forex Card to Use in Australia<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/bonafide-certificate-for-education-loan\/\"><strong>Bonafide Certificate for Education Loan<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/tata-capital-education-loan\/\"><strong>Tata Capital Education Loan<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/gap-certificate-for-education-loan\/\"><strong>Gap Certificate for Education Loan<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/pnb-education-loan-processing-time\/\"><strong>PNB Education Loan Processing Time<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/sbi-shaurya-education-loan\/\"><strong>SBI Shaurya Education Loan<\/strong><\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>When taking education loans from Axis Bank, it is crucial to consider important factors like the maximum loan amount, interest rates, repayment period and other terms and conditions. Axis Bank provides 100% financing to cover your study-abroad expenses and the applicants can avail of loans based on their needs. Applicants can take up to INR &#8230; <a title=\"Axis Bank Education Loan Interest Rate: Calculation, Major Factors\" class=\"read-more\" href=\"https:\/\/fly.finance\/blog\/education-loan\/axis-bank-education-loan-interest-rate\/\" aria-label=\"Read more about Axis Bank Education Loan Interest Rate: Calculation, Major Factors\">Read more<\/a><\/p>\n","protected":false},"author":25,"featured_media":11716,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-11713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education-loan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Axis Bank Education Loan Interest Rate: Calculation, Major Factors<\/title>\n<meta name=\"description\" content=\"Know all about 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Their interest is RLLR- Repo-rate Linked Lending Rate based which is subject to revision every 3 months.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/axis-bank-education-loan-interest-rate\/#faq-question-1713510784437","position":2,"url":"https:\/\/fly.finance\/blog\/education-loan\/axis-bank-education-loan-interest-rate\/#faq-question-1713510784437","name":"Can I take an Axis Bank education loan at fixed interest rates?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Axis Bank provides education loans at fixed as well as floating interest rates. Applicants can convert and switch their education loan from a floating rate to a fixed rate and vice versa by paying 1% of the outstanding principal with a minimum of INR 5000 plus GST applicable.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/axis-bank-education-loan-interest-rate\/#faq-question-1713510785180","position":3,"url":"https:\/\/fly.finance\/blog\/education-loan\/axis-bank-education-loan-interest-rate\/#faq-question-1713510785180","name":"What is the education loan interest rate if I take an Axis Bank education loan up to INR 4 lakhs?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"If the applicant plans to take an Axis Bank education loan up to INR 4 lakhs, then the applicable Axis Bank education loan interest rates start from 15.20%. It is the sum of Repo-rate and Spread which are set as 6.50% and 8.70% respectively.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/axis-bank-education-loan-interest-rate\/#faq-question-1713510785848","position":4,"url":"https:\/\/fly.finance\/blog\/education-loan\/axis-bank-education-loan-interest-rate\/#faq-question-1713510785848","name":"How much Axis Bank education loan interest rate charged on an Axis Bank education loan if I take an education loan between INR 4 lakhs to INR 7.5 lakhs?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The applicable Axis Bank interest rate on education loans between INR 4 lakhs to INR 7.5 lakhs is 14.70% p.a. A Spread of 8.20% is charged on the repo rate set at 6.50%.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/axis-bank-education-loan-interest-rate\/#faq-question-1713510786835","position":5,"url":"https:\/\/fly.finance\/blog\/education-loan\/axis-bank-education-loan-interest-rate\/#faq-question-1713510786835","name":"What is the Axis Bank education loan interest rate on education loans above INR 7.5 lakhs?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"On education loans above INR 7.5 lakhs, Axis Bank education loan interest rates start from 13.70% p.a onwards. It is calculated as the sum of Repo-rate and Spread which are fixed as 6.50% and 7.20% respectively.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/axis-bank-education-loan-interest-rate\/#faq-question-1713510869890","position":6,"url":"https:\/\/fly.finance\/blog\/education-loan\/axis-bank-education-loan-interest-rate\/#faq-question-1713510869890","name":"Is Axis Bank good for education loans to study abroad?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, applicants can choose to take Axis Bank education loans to study abroad because of need-based financing provided by the bank and competitive interest rates starting from 13.70% p.a. 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