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Opt for a secured Education Loan to enjoy lower interest rates
Admission in a top institute
Get admission in a top Institute. Enjoy lower interest rates, flexible repayment options
Transfer your existing loan to ICICI Bank
For lower EMIs, competitive interest rates & flexible repayment options.
Provide co-applicants
Include co-applicants with strong financial standing to increase the chances of loan approval
Use the prepayment facility
Pay more each month to save on interest and repay your loan faster.
Things you should know
Loan Amount
Secured loan up to ₹3 crore. Unsecured loan up to ₹1 crore
Processing fee
Starts at 0.5% (plus 18% GST) or ₹30,000 (plus 18% GST), whichever is lower
Rate of interest
Secured loan: Starts at 3.25%* + Repo Rate
Unsecured loan: Starts at 5%* + Repo Rate
Loan tenure
Up to 15 years (including course period)
Things you will need to apply
Proof of Identity
Proof of Current Address
Academic certificates
Proof of Admission
Proof of Identity
Proof of Current Address
Financial Proof (Salary slip, Bank statement, ITR, GST)
Security/Collateral (if applicable)
Apply for an Education Loan online in 5 quick steps
Scan the QR Code and enter the basic details
Application submission
Document submission
Loan assessment
Sanction Letter, Disbursement
About Education Loan
What is an Education Loan?
An Education Loan assists students in funding their studies by covering expenses such as tuition fees, living expenses and other costs. ICICI Bank offers flexible repayment options, competitive interest rates and income tax benefits, making higher education more accessible.
How is an Education Loan useful?
Whether you are studying in India or abroad, ICICI Bank's Education Loan covers tuition fees, accommodation, travel and other academic expenses. With a simple online application process, funding your studies is now easier than ever.
Key benefits
Secured Loan up to ₹3 crore. Unsecured loan up to ₹1 crore
Loan includes tuition fee, living expenses & other costs
0% TCS on remittance
Fast processing
Flexible repayment options
Pre-admission sanction letter
Tax benefit under Section 80E
Education Loan FAQs
What is the maximum loan amount I can get?
ICICI Bank offers Education Loans of up to ₹3 crore based on eligibility, college & course. Collateral free education loans are offered up to ₹1 crore based on eligibility, college & course
Can I avail tax benefits on my Education Loan?
Yes, you can avail tax benefits under Section 80E of the Income Tax Act on full interest paid.
Is collateral required to apply for an Education Loan?
ICICI Bank provides unsecured Education Loan of up to ₹1 crore.
What is the repayment tenure for an Education Loan?
You can repay your loan over a flexible tenure of up to 15 years, including the course period.
How can I apply for an Education Loan?
You can apply online by submitting the form, uploading the required documents and completing the verification process.
What is the processing fee?
The processing fee starts at 0.5% (plus 18% GST) or ₹30,000 (plus 18% GST), whichever is lower.
