Education Loan Eligibility Criteria 2024: Know Student Loan Eligibility

Empower your child’s future with ICICI Bank Education Loans. We offer loans of up to Rs 2 crore for your child’s higher studies, whether in India or abroad. Enjoy the benefits of a hassle-free process with minimal paperwork, attractive interest rates and quick loan approvals.

ICICI Bank Education Loan Eligibility Criteria:

Documents Required for Education Loan

Following are the mandatory documents for an ICICI Bank Education Loan:

• Proof of Identity:Passport, Aadhaar Card, PAN Card or Voter ID.

• Proof of Residence:Utility bills or rental agreement.

• Academic Records:Admission Letter, marksheets and certificates.

• Income Proof:Co-borrower or guarantor's income proof such as salary slips or Income Tax Returns.

• Bank Statements:Recent statements for evaluation.

• Loan Application Form: Duly filled.

• Photographs:Recent passport-sized photographs.

• Collateral Documents:If applicable, documents related to the collateral.

To help your child fulfil his/ her professional goals, avail an ICICI Bank Education Loan.

Why should you opt for an ICICI Bank Education Loan?

Some of the biggest advantages of an ICICI Bank Education Loan are:

• Seamless remittance to international institutes.

• Hassle-free and timely loan disbursement.

• Interest deduction under Section 80E of the Income Tax Act, 1961.

• Collateral-free loan of up to Rs 40 lakh for select institutes.

• Pre-Visa disbursal for students applying for overseas education.

• Student expenses such as purchasing a laptop or exchange travel are also covered.

• Attractive interest rates starting at 8.30 % per annum.

T&Cs