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ICICI Bank Education Loan in Ahmedabad

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Adiyogi Enterprises is delighted to partner with ICICI Bank to offer a comprehensive and flexible education loan to help you achieve your academic dreams. With interest rates starting from 9.65% per annum, ICICI Bank provides education loans for both domestic and international courses, with loan amounts ranging from Rs 50,000 to Rs 1 Crore.

ICICI Bank Education Loan Highlights

Interest Rate Starting from 9.65% per annum
Loan Amount Rs 50,000 to Rs 1 Crore
Loan Tenure Up to 15 years
Processing Charges 1% of the loan amount (minimum Rs 1,500)

ICICI Bank Education Loan Eligibility

Age

  • Minimum 18 years and maximum 35 years at the time of loan application.

Income

  • The income of the co-applicant (typically parents or guardians) is taken into account. There’s no minimum income requirement for the student.

Course

  • Available for undergraduate, post-graduate, professional, and vocational courses in India and abroad. Courses in fields like engineering, medical, management, law, and more are eligible.

Credit Score

  • A credit score of 750 or above is preferred for a smoother approval process, although the bank also considers the co-applicant’s creditworthiness.

ICICI Bank Education Loan EMI Calculator

9.65

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Apply for ICICI Bank Education Loan

FAQ

Frequently Asked Questions

  • 1. What is the eligibility criteria for ICICI Bank Education Loan?

    To be eligible for an ICICI Bank Education Loan, the applicant must be an Indian citizen, must have secured admission to a recognized course in a recognized institution, and should be between 18 and 35 years of age. Both salaried and self-employed applicants are eligible to apply.

  • 2. What documents are required for ICICI Bank Education Loan?

    The required documents for ICICI Bank Education Loan include proof of identity (Aadhaar, passport), proof of address, academic records, admission letter, income proof of the applicant and co-borrower, and bank statements for the past 6 months.

  • 3. What is the interest rate for ICICI Bank Education Loan?

    The interest rate on ICICI Bank Education Loans starts at around 9.75% per annum. The rate may vary depending on the applicant's profile, loan amount, and other factors.

  • 4. What is the maximum loan amount I can avail from ICICI Bank for education?

    ICICI Bank provides education loans up to INR 20 lakhs for studying in India and up to INR 50 lakhs for studying abroad. The loan amount depends on the course, the applicant's profile, and the institution.

  • 5. What is the repayment tenure for ICICI Bank Education Loan?

    The repayment tenure for ICICI Bank Education Loan can range from 5 to 15 years, with a moratorium period during the course of study and a grace period for course completion.