ad horizontal

Education loans - Andhra Bank

Andhra Bank

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

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

ad horizontal