ICICI Education LoanIf you are a student and you want to take ICICI Bank Education loan then this article is for you. ICICI Bank provides education loan facility to its customers at an attractive interest rate.
To take ICICI education loan, you have to apply, which you can do both online and offline. In this article we ICICI Education loan You will get complete information about this, so you read this article till the end.
ICICI Bank Education loan in Hindi
When any student takes a loan to meet the expenses related to his education, then it is an education loan. A student can take a student loan for any expenses related to his education such as payment of fees, to buy books, travel etc.
Whether the student is studying in the country or outside the country, he ICICI Education loan can apply for Before giving education loan to the customer by the bank, the customer’s CIBIL score is checked. Only if you fulfill all the conditions of the bank, then you can take advantage of this loan with attractive education loan interest rate.
The main objective of the bank under ICICI student loan is to provide financial help to the students for pursuing professional higher education in India and abroad. Under ICICI Bank education loan, eligible students can get education loan of up to Rs 50 lakh for studying in India and Rs 1 crore for studying abroad. You can also apply for this loan through Vidyalakshmi Education Loan Portal.
HIGHLIGHTS:
| loan name | ICICI Education Loan 2022 |
| name of the lender | ICICI Bank |
| Rate of interest | Starting from 9.50% p.a. |
| loan tenure | Up to 8/10 Years + 6 Months for Under Graduate Post Course Duration Up to 10/12 Years + 6 Months for Post Graduate Post Course Duration |
| loan amount | To study in India – Rs 50 lakh For study abroad – up to Rs 1 crore |
| processing fee | 1% of loan amount plus applicable taxes |
| moratorium period | By course and institute |
| official website | www.icicibank.com |
ICICI Bank Education loan Interest Rate 2022
in present time ICICI Education Loan Interest Rate 9.50% p.a. starts with. If you fulfill all the conditions of the bank then you can get loan at low interest rate.
Benefits and Features of ICICI Education Loan
- Any student to get higher education in India or abroad to meet the expenses related to his education. ICICI student loan can take
- You can take a minimum loan of Rs 1 lakh under ICICI Instant Education Loan.
- The customer can get loan amount up to Rs 1 crore under this student loan.
- collateral requirement – Extraordinary collateral can be accepted as fixed deposit, fresh property, cross collateral with existing mortgage loan.
- Loan amount under unsecured loan – up to Rs.20 lakh for UG courses and Rs.40 lakh for PG courses.
- No margin money up to Rs.20 lakh. 5% to 15% margin on loan above Rs.20 lakh.
- The processing fee for the loan is 1% of the loan amount plus applicable taxes.
- Tax Benefits on Education Loan |
- You can easily apply for this loan through the internet banking facility of the bank.
- Student can also get this loan without Collateral.
ICICI Bank Education Loan Eligibility
- Applicant must be a citizen of India.
- Secured admission/invitation from the university in degree/diploma course in recognized university/college.
- The student should have completed 12th class.
- Other eligibility
ICICI Bank Education Loan Documents Required
- KYC document
- Marksheet of 10th, 12th, Graduation and Entrance Exam
- admission letter
- Fee Structure
- Co-applicant KYC and Income Proof
- Additional documents may be requested in case collateral is required.
- Co-applicant income proof is required only for specific courses.
How to Apply for ICICI Education Loan?
If you fulfill all the conditions of this loan, then you can apply for it both online and offline. The information to apply is given below:
ICICI Bank Education Loan Apply Online
- In the option of Loans on the home page of the website education loan Click on this option will appear.
- All the information related to education loan will come in front of you.
- You have to read this information correctly.
- you to apply Apply now Click on the option of
- A form will open in front of you.
- You have to enter all the information asked in the form correctly and submit the form.
- After this the bank employees will contact you and the loan process will be issued further.
How to Apply Student Loan Offline?
- You have to go to your nearest ICICI Bank branch.
- Bank employee has to be contacted.
- Bank employee will provide you all the information related to student loan.
- After that your documents will be verified.
- Then you have to fill an application form.
- Attach your documents with the loan application form and submit it to the bank there.
- In this way your application will be done.
ICICI Education loan Customer Care Number
- Personal Banking: 1860 120 7777
- Wealth / Private Banking: 1800 103 8181
- Corporate / Business/ Retail Institutional Banking: 1860 120 6699
Conclusion
In this article we have you ICICI Bank Education loan 2022 Provided complete information about If you want to get other information about this loan, then you can get the information by calling the customer care number of the bank. Any student can take this loan for pursuing higher education.
Questions related to ICICI education loan:
You can get a loan of up to Rs 50 lakh for studying in India and up to Rs 1 crore for studying abroad.
The interest rate of this loan starts from 9.50% per annum.
If you fulfill all the conditions of the bank, then your loan is approved within 7 working days.