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 3 Crore |
Unsecured Loan Amount – Up to Rs 1 Crore |
Education Loan Eligibility
Particulars | Eligibility |
---|---|
Nationality | Indian |
Age | Minimum - 16 years and 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
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How to apply for Education Loan
Why to Choose 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 FAQ
What is the eligibility criteria to apply for an Education Loan?
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For Education Loan Eligibility, 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?
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Graduate/Postgraduate/Diploma courses in professional education from recognised and accredited institutes in India and overseas.
Can I avail partial fee as Study Loan?
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Yes, you can avail partial fee as Loan at any point of time during your studies.
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