Andhra Bank
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Toll Free Number: 1800 425 1515

Call 040-23122297 for Internet & Mobile Banking/ATM -24x7 Helpdesk or mail to us on

Education Loans
 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.
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