Andhra Bank- Education Loan Scheme

Andhra Bank- Education Loan

Rate of interest:

Up to Rs. 7.50 lakhs : MCLR(one year) + 2.00 %

Above Rs. 7.50 lakhs : MCLR(one year) + 1.70 %

(0.50% concession for girl Students) and concessional interest rates to students in premier institutions @ MCLR (One year) + 0.20 %.

Educational Loans for Higher Studies in India and Abroad.

Student eligibility

  • 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.

Institute Eligibility

  • The eligibility for loan is determined based on employability of the course and reputation of the institution concerned.
  • List of accredited institutions for all the courses is kept in this website. Education Loans are given to students who secure admission in accredited Institutions.


Checklist for Educational Loan