Why ICICI Bank for Education Loan?
Special Product offering
for Canada, UK & Germany
No margin for Premium
Institutes
No Branch Visits/ Complete
digital Journey
Pre- admission
sanction
Education Loan Interest Rates
Interest Rates | Information |
---|---|
[REPO* + 3.75%(Spread)]Â onwards | For courses in India: Up to Rs 1 Crore For courses abroad: Up to Rs 2 Crore |
Unsecured Loan Amount – Up to Rs 1 Crore |
Education Loan eligibility
Particulars | Eligibility |
---|---|
Nationality | Indian |
Age | Minimum- 16 years Maximum- 35 years |
Academic record | Proven - good |
Qualification | Completed 10+2 (12th Standard)/Diploma |
For Pursuing | Graduation /Postgraduate Degree or a PG diploma in professional Education. |
University Applied to | Listed,Recognized and Accredited Institutes in India and Overseas |
Loan can be sanctioned on the basis of |
|
Loan Amount |
|
Co-borrower | Father, Mother, Brother, Sister, Spouse (Husband/Wife), Grand Parents, Parents in law, Maternal/Paternal Uncle. |
Security | Property i.e. House or Flat, FD –Fixed Deposit, Existing ICICI Bank Home Loan for cross collateral. |
Required Documents for Education Loan
How to apply for Education Loan
Education Loan FAQ
What is the eligibility criteria to apply for an Education Loan?
To apply for a student loan, Indian citizens must be 16 to 35 years of age with a good academic record and should have completed 10+2 or diploma. If the applicant is enrolled in a recognised institute in India or overseas, loans are sanctioned based on pre-admission, entrance exam scores, 12th/HSC results or confirmed admissions.
What are the courses for which one can avail an Education Loan?
Graduate/Postgraduate/Diploma courses in professional education from recognised and accredited institutes in India and overseas.
Can I avail partial fee as Loan?
Yes, you can avail partial fee as Loan at any point of time during your studies.
Apply for Educational loan
at your convenience
- Mobile Banking
- Net Banking
- WhatsApp Banking
Apply for Educational loan
at your convenience
Mobile Banking | Net Banking
WhatsApp Banking