Education Loan from ICICI BANK
Confirmed admission in the colleges before disbursement.
For Studies in India:
Graduation courses – BA, B.Com, B.Sc. etc.
Post-Graduation courses - Masters & PhD.
Professional courses – Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, ICWA, CA, CFA etc. Courses conducted by IIM, IIT, IISc, XLRI, NIFT etc.
Computer certificate courses of reputed institutes accredited to Dept. of Electronics or Institutes affiliated to University.
Regular Degree/Diploma courses like Aeronautical, Pilot Training, shipping etc. approved by Director General of Civil Aviation/Shipping, if the course is pursued in India. In case the course is pursued abroad, the Institute should be recognized by the competent local aviation / shipping authority.
Courses offered in India by reputed foreign universities.
Evening courses of approved institutes.
Other courses leading to diploma / degree etc. conducted by colleges / universities approved by UGC / Govt. / AICTE / AIBMS / ICMR / etc. Courses offered by National Institutes and other reputed private Institutions - depending on future prospects / recognition by the user Institutions.
Courses leading to certification are not to be considered.
ICICI Bank Student Loan Scheme Interest Rate for Female Students:
11.00% Per Annum for ICICI Bank Education Loan Amount up to Rs. 4, 00,000
11.50% Per Annum for ICICI Bank Education Loan Amount Rs. 400,001 to Rs. 750,000
12.00% Per Annum for ICICI Bank Education Loan Amount above Rs. 750,000
ICICI Bank Student Loan Scheme Interest Rate for Male Students:
11.25% Per Annum for ICICI Bank Education Loan Amount up to Rs. 4, 00,000
11.75% Per Annum for ICICI Bank Education Loan Amount Rs. 400,001 to Rs. 750,000
12.25% Per Annum for ICICI Bank Education Loan Amount above Rs. 750,000
Studies in India
(ii) 15% for studies outside India.
LOAN LIMIT INTEREST RATE
Upto 4 Lacs 13.6%
More than 4 Lacs 14.6%
Loan upto Rs.4.00 lacs: No margin
Loan above Rs.4.00 lacs: (i) 5% for ICICI Bank Limited Student Loan Scheme – Current Education Loan Interest Rates for Various Category of Borrowers
- Photo ID
- Residence Proof
- 2 passport size photograph
- Admit letter
- College fee-breakup
- GRE/GMAT/TOEFL/IELTS, etc. Mark sheets (If applicable)
- X, XII and Graduation marksheet
- Residential Flat
- Residential House
- Non‐Agricultural Land
- A Fixed Deposit in ICICI Bank