Benefits of collateral-free ICICI Bank Education Loan
Fulfil your dream of studying abroad with our Education Loan. Our Student Loan without collateral offers multiple benefits along with the flexibility and support to pursue your academic aspirations without financial worries.
Pre-approved instant sanction: Customers get access to an instant sanction letter online from the comfort of their home for their pre-approved Education Loan.
Tax benefits: Education Loan comes with a tax benefit under Section 80E for the entire interest amount paid (100%) without any upper limit. This benefit brings down the effective rate of interest.Explore the Education Loan EMI Calculator and Tax Benefits now
Easy application: Customers can apply for our Education Loan through Internet Banking in just a few clicks.
Turnaround time: This instant facility brings down the time for getting the Education Loan sanction letter from a few days to a few minutes.
How to check and apply for a pre-approved Education Loan without collateral offer?
FAQs on Education Loans without Collateral
A facility that enables you to get an instant sanction letter online from the comfort of your home.
Instant sanction letter from banks can be used for:
1. Visa application
2. Providing a source of funds for the student’s admission confirmation at overseas universities
3. Getting Form I-20
4. Quick disbursement.
ICICI Bank customers who have a pre-approved offer from the Bank and are applying for higher studies at universities abroad or in India
- Competitive rate of interest
- The Education Loan comes with a tax benefit for the interest paid without any upper limit (100% of the interest amount). Explore the Tax Benefit Calculator
- This instant facility will bring down the turnaround time for getting the sanction letter from around 15 to 45 days to merely a few minutes.
- Seamless remittance to international institutes
You can apply through ICICI Bank Net Banking or the iMobile Pay app (available on iOS and Android).