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Andhra Bank
Andhra Bank offers education loan to meritorious students, who wish to pursue higher education either in India or abroad. This bank was founded by Dr. Bhogaraju Pattabhi Sitaramayya. Registered on 20th November, 1923, it started operations from 28th November, 1923 with a capital of Rs.1 lacs and an authorized capital of Rs.10 lacs. Browse through this page to collect more information on Andhra Bank education loans, also known as Dr. Pattabhi Vidya Jyothi (education loan).

Eligibility Criteria for Andhra Bank Education Loan

Eligibility of the Candidates

Candidates applying for education loans need to fulfill certain eligibility criteria as specified by the Andhra Bank.

Studies in India

Candidates should be within 12-30 years of age.

Studies Abroad

Candidates applying for Dr. Pattabhi Vidya Jyothi education loan should be within 18-35 years of age.

Quantum of Loan

For studies in India the maximum amount of Andhra Bank Student Loan offered is Rs.10 lacs. Candidates applying for education loan to study abroad can get a maximum amount of Rs.20 lacs.

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. For loans up to Rs.7.50 lacs, guarantee of the parents is essential. Both collateral security and guarantee by parent are required for education loans above Rs. 7.50 lacs.

To Know More Information click : http://andhrabank.in
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