Education Loan
ICICI Bank Education Loans fuelling your higher education ambitions globally!
ICICI Bank Education Loan covers
Education loan up to Rs. 2 crore for institutes
Under-Graduate/Post-Graduate/Diploma/Certificate courses
All expenses like Tuition Fees, Hostel and Living Expenses
100% Income Tax benefit for interest paid under SEC 80E of Income Tax Act (Under old tax regime)
Education Loan: Expense, EMI & Tax Benefit Calculator
A powerful tool designed to assist you in calculating your total expenses, EMI and tax benefits on availing an Education Loan from ICICI Bank.
Features of Education Loan: Expense, EMI & Tax Benefit Calculator
Know your Equated Monthly Instalments (EMIs) based on various repayment options
Assess your eligibility for the total education expense including tuition fees and the cost of living
Flexibility to choose country, college, stream and loan tenure
Calculate your Education Loan interest rate benefit using Fixed Deposit (FD) as collateral
Education Loan benefits
- ICICI Bank's Education Loans offer a multitude of benefits that empower students to pursue higher education without financial constraints. With rising education costs, our Education Loans provide a lifeline, ensuring your academic aspirations are not hampered.
- One of the primary advantages is the ease of application. You can apply for an Educational Loan online, making the process quick and hassle-free. We understand that focusing on studies is your priority, so we've streamlined the application to ensure minimal paperwork and a seamless experience.
- ICICI Bank’s competitive interest rates, starting from (click here for updated interest rates) onwards, ensuring that the financial burden remains manageable. Whether you're studying abroad or in India, our Education Loan cover a wide array of expenses, including tuition fees, accommodation, study materials and more.
- Flexibility is another key feature. You can choose the repayment tenure that suits your financial situation, making it convenient for you to repay the loan comfortably.
- Furthermore, we offer pre-admission sanctions, allowing you to secure your finances even before receiving your acceptance letter. A pre-admission sanction letter is a conditional letter issued to a borrower before securing admission. This letter serves as preliminary approval or assurance of funding for the student’s educational expenses throughout the admissions and VISA application process. This and our quick loan approval and disbursement process ensure you can focus on your admission process more.
- ICICI Bank's Education Loans are not just for financial assistance but also a pathway to your academic dreams. Apply for a Student Loan online and confidently embark on your educational journey, knowing that your financial needs are well taken care of.
- We aim at providing financial support for aspiring students and for pursuing professional higher education in India and overseas.
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