Andhra Bank Education Loans

Andhra Bank for establishment of which initiative was taken by Dr. Bhogaraju Pattabhi Sitaramayya was registered on 20th November, 1923, and started its commencing functions within 8 days of its registration i.e.. From 28th November, 1923. The bank was initiated with a working capital of Rs. 1 lacs and an authorized capital of Rs. 10 lacs. It functions to provide education loans, also known as Dr. Pattabhi Vidya Jyothi (education loan), to meritorious students at reasonable interest rates.

Eligibility of the Candidates

Eligibility criteria to apply for education loan has to be fulfilled. This criteria is decided by the Andhra Bank.

The eligible age for student studying in India, who wants a loan, is the range of 12 − 30 years.

Candidates who wish to pursue their higher education abroad should be within 18 − 35 years of age.

Quantum of Loan

Student admitted in Indian institute for study gets Rs. 10lac maximum as loan amount. Rs. 20 lacs is the limit what a student can get for study in abroad.

Expenses Covered by the Andhra Bank Education Loan

The education loan covers tuition fee, examination fee, expense of study tours, hostel charges, cost of books and refundable deposits. The travel expenses and passage money are also included in the loan.


There is no margin for loans up to Rs. 4 lacs. For loans above Rs. 4 lacs the margin stated is 5% and 15% for India and abroad respectively.


Parents need to act as guarantor for Andhra Bank education loan amount up to Rs. 4 lacs. Loan amount from Rs. 4 lacs to Rs. 7.50 lacs requires compulsory guarantee of the parents. For loan amount exceeding Rs. 7.50 lacs, both collateral security and guarantee by parent are essential.

In order to know more about Andhra Bank education loan and interest rates browse through Andhra Bank

Discussions & Questions

  • Sir as I got 50% in i applied for the college in US, i got my I-20 admission to do by MS.. I have apply the loan to Andhra bank will i get it? for 50% ( - on ))

    1 Answer

    Admissions to US university will be a determining criteria for the loan. So, it is best to get a approval from university and then apply for loan at the bank of your choice.

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  • Sir i got 50% in B.Com i have planned to go to US to do my MS will andhra bank will sanction me the loan? ( - on ))

    1 Answer

    With what ever credentials you have, apply to US university. You can apply for loan only after you get admission to one of the universities.

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