Axis Bank's Study Power aims to provide financial support to deserving students for pursuing higher professional or technical education in India and abroad.

Eligibility Criteria
Students who have obtained admission to job-oriented courses like medicine, engineering, etc. or to graduation or post-graduation level courses are eligible for the loan.

Quantum of Loan
The quantum of finance under the scheme is capped at Rs 10 lacs for studies in India and Rs 20 lacs for studies abroad, which would cover tuition fees, hostel charges (if any), cost of books, etc. Rs 50,000 would be the minimum amount of loan.

Margin

• No margin for loans upto Rs 4 lacs.
• For loans above Rs 4 lacs,
  5% margin for studies within India and
  15% for higher studies overseas

Security
Third party guarantee and/or collateral security may be asked for in appropriate cases.

Rate of Interest Interest rates linked to PLR