Education loans - Andhra Bank

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Andhra Bank offers educational loans to meritorious students for pursuing a higher degree either in India or abroad.


  • The student should be an Indian National.

    • NRI-if student is holding Indian Passport. (Suitable Collateral Security enforceable in India is to be provided for all such proposals.)

      • Should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test/ Merit Based Selection process after completion of HSC(10 plus 2 or equivalent)/higher qualification.

        • In case where admission is not through common entrance test and the marks secured in the qualifying examination is the only criteria adopted, the minimum cut off marks should be 65% in aggregate in the qualifying academic examination.
        • Educational loans are allowed to meritorious students, who qualify in entrance examination but choose to pursue under Management quota for reasons like proximity, choice for a course of discipline or any other reasons pertaining to his academic/career interests.
        • Age : 12-30 years for studies in India  and 18 to 35 years for study in other countries

        Read: SBI education loans

        Quantum of Loan:

        Rs. 10.00 Lacs for studies in India
        Rs. 20.00 Lacs for Studies Abroad

        Purpose of Loan :

        To meet cost of Tuition fee, Hostel fee, Examination fee, Books, Project work, Study tours, and Refundable deposits.

        Margin :

        • Upto Rs.4.00 Lacs-Exempted
        • Above Rs.4.00 Lacs- 5% In India 15% for Abroad Studies.


        • Upto Rs.4.00 Lacs- NIL
        • Rs.4.00 to 7.50 lacs - guarantee of the parent
        • Above Rs.7.50 Lacs--Collateral Security of suitable value & guarantee of the parent

        Rate of Interest

        • Up to Rs. 7.50 lakhs : MCLR(one year) + 2.00 %
        • Above Rs. 7.50 lakhs : MCLR(one year) + 1.55 % 
         (0.50% concession for girl Students) and concessional interest rates to students in premier institutions @ MCLR (One year) +0.05.

        For details, contact Andhra Bank

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