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ICICI Bank's education loans cater to students going abroad for higher studies. These loans cover tuition fees and related expenses with competitive interest rates, flexible repayment options, and an easy online application process. Explore ICICI Bank's education loans for comprehensive financial support in pursuing education overseas.
OUR Offering
iSmart EDUCATION LOAN
- Loans up to ₹ 2 Cr
- Tax Benefit u/s 80 E
- Flexible repayment options
- Quick and Hassle free process
- Repayment Tenure upto 12 Years
- Bundled solutionste.
Campus Power
- One Stop Shop for Higher education journey
- A comprehensive 360 degree coverage for all your Higher Educational needs
- Specially curated solutions for Top Study Destinations such as Canada, US, UK and Germany
- Value added services on test prep, admission counselling, travel and accommodation
Education loan Calculator
- Know your Education Loan EMI basis different repayment options
- Know your Tax Savings on Interest Paid for Education Loan under Section 80E (under old tax regime)
- Assess your eligibility on Total Education Expense including Tuition Fee & Cost of Living
- Know the benefit of using FD as a collateral to avail Education Loan
- Assess eligibility on Maximum Unsecured loan up to 1 Crore
HELLO UK
- Instant account number generation and activation
- Contactless Debit Card delivered in India/UK within 10 working days
- Free cash withdrawal from any cash machine (ATM) across the UK
- Free mobile text alerts for transactions on your India or UK number
- 24X7 customer service through e-mail and phone
GERMANY BLOCKED ACCOUNT
- No branch visit required
- Get your Blocked Account Number instantly
- Get your Visa Debit Card before you leave India
- Complimentary ready to use Germany Current Account
- Secured mailbox for all your communications
- Paperless PIN and OTP
NRI Student Savings Account
1. Allows you to make Fixed and Recurring Deposits.
2. Minimum balance required as low as INR 5,000
3. Safe and convenient money transfers
4. Attractive rates on your remittance requirements
Eligibility
- Should be an Indian national
- Secured admission/ invite from university in approved university/ college in degree/ diploma course
- Education: Completed 10+2 (12th Standard)
Documents
- KYC
- Mark sheets of 10th, 12th, graduation and entrance exams
- Admission letter
- Fee structure
- Co-applicant KYC and income proof*
- Additional documents may be requested in case of collateral required
- *Co-applicant income proof required only for specific courses.
Service & Penal Charges
| Description of Charges | Charges Applicable |
|---|---|
| Loan Processing Fees | Up to 2% + GST (non-refundable) |
| Service Charges | |
| CERSAI Fee | ₹ 100 + GST |
| Administrative charges | ₹ 5,000 + GST (The administrative charges are one-time non-refundable charges collected by the lender for the purpose of appraising the valuation and legal verification of property to ascertain suitability of accepting the property for mortgage and the same is independent of the outcome/result of such appraisal) |
| CIBIL charges | ₹ 50 + GST |
- The Annual Percentage Rate (APR) is a method to compute annualised credit cost which includes interest rate and processing fee.
- The APR calculator does not include charges such as prepayment charges, etc.
- To calculate the same, please click here to download the APR calculator.
