Achieve Your Goals with ICICI Bank Education Loans

• Nationality: Indian
• Age: Minimum: 16 years, Maximum: 35 years
• Academic record: Proven good academic performance
• Qualification: Completed 10+2 (12th standard) or a Diploma
• For pursuing: Graduation / Postgraduate Degree or Postgraduate Diploma in Professional Education
• University applied to: Listed, recognised and accredited institutes (India and Overseas)
• Loan sanction based on: Pre-admission sanction, entrance exam scores (GRE, GMAT, etc.), 12^th / H.S.C. results, confirmed admission

Loan Amount:

• Domestic studies: Up to ₹ 2 crore
• International studies: Up to ₹ 3 crore

Co-applicant: Father, Mother, Brother, Sister, Spouse (Husband/Wife), Grandparents, Parents-in-law, Maternal / Paternal Uncle

Security: Property (House or Flat), Fixed Deposit, Existing ICICI Bank Home Loan for cross-collateral.

Completely filled application form: Digital / Physical

Know your customer (KYC) documents of both the applicant and co-applicant(s)

Indian Resident:

• Proof of Identity and Proof of Current Address (Any one): Aadhaar Card, Voter ID, Driving Licence, etc.

NRI:

• Proof of Identity: Valid Passport (Indian / Foreign)
• Proof of Current Address (India / Overseas) (Any one): Valid Passport / Valid Driving License

Note: Proof of current address is mandatory.

Education-Related Documents

Academic Documents: Marksheets, Degree certificates, Entrance exam scores, etc. Admission Proof: Acceptance letter, Confirmation of acceptance, etc.

Financial Documents (Applicant/Co-Applicant)

For Salaried Individuals: Salary Slip, Bank Statements, etc. For Self-Employed Individuals: ITR, GST Details, Bank Statement, etc.

Note: ICICI Bank reserves the right to ask for additional documents at its discretion.

• Fees payable at the college / hostel
• Examination / Library / Laboratory fees
• Insurance premium for student borrower
• One-way travel expense
• Purchase of computer / books / uniforms
• Any other expense required to complete the course e.g. study tour, project expenses, work requirements, etc.

The Government of India, through the Ministry of Education, has introduced the Central Sector Interest Subsidy Scheme (CSIS) to provide financial relief to students during the moratorium period of Education Loans. This scheme is available to students from the Economically Weaker Section (EWS) under the Indian Banks' Association (IBA) Education Loan Scheme, enabling them to pursue technical / professional courses in India.

Eligibility

All students whose combined annual family income from all sources does not exceed ₹ 4.5 lakh per annum

Students who want to pursue technical / professional courses in institutions accredited or approved by National Assessment and Accreditation Council (NAAC) and National Board of Accreditation (NBA) or Centrally Funded Technical Institutes (CFTIs)

The maximum subsidy is applicable for loans up to ₹ 10 lakh irrespective of the sanctioned loan amount.

List of approved institutions:

Centrally Funded Technical Institutes

Institutions of National Importance

NAAC accredited Universities/Institutions

NBA recognised professional courses

To apply for the CSIS scheme, please visit the Jansamarth Portal.