ICICI Bank

Benefits and features

  • Loans up to Rs 1 crore
  • No margin money required for loans up to Rs 20 lakh
  • No restrictions on pre-payment or part payment
  • Other expenses like student exchange travel expense, laptop also covered
  • Pre-Visa disbursal for students applying for overseas education
  • Preferential forex rates for international disbursements.

Eligibility

  • Should be an Indian national
  • Secured admission/ invite from university in approved university/ college in degree/ diploma course
  • Education: Should have 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.

Accepted Security/ Collateral:

  • Residential/ commercial property/ plots (Non-agricultural)
  • Fixed deposits.
For Domestic
  PG UG
Interest rate Starting at 11.5% per annum
Loan tenure without collateral Up to 8 years post course period + 6 months Up to 5 years post course period + 6 months
Loan tenure with collateral Up to 10 years post course period + 6 months Up to 7 years post course period + 6 months
Maximum loan amount Rs 50 lakh
Collateral requirement As per the institute. Collateral-free loans for select institutes: Up to Rs 20 lakh for UG and up to Rs 40 lakh for PG courses.
Moratorium period As per the course and institute.
Margin
  • No margin up to Rs 20 lakh.
  • 15% margin (Margin/ FD/ Scholarship) for loans above Rs 20 lakh.
For International
  PG UG
Interest rate Starting at 11.5% per annum
Loan tenure without collateral Up to 8 years post course period + 6 months Up to 5 years post course period + 6 months
Loan tenure with collateral Up to 10 years post course period + 6 months Up to 7 years post course period + 6 months
Maximum loan amount Rs 1 crore
Collateral requirement As per the institute. Collateral-free loans for select institutes: Up to Rs 20 lakh for UG and up to Rs 40 lakh for PG courses.
Moratorium period As per the course and institute.
Margin
  • No margin up to Rs 20 lakh.
  • 15% margin (Margin/ FD/ Scholarship) for loans above Rs 20 lakh.

Personal Loans for all your financial needs

Thinking of renovating your house? Yearning to buy a new Laptop? Need financial assistance with marriage related expenses or your child higher education? An ICICI Bank Personal Loan is your One-stop-shop for all your financial needs to fulfill any of your desires.

Key Benefits of ICICI Bank Personal Loan :

  • Loan up to 15 lacs
  • No security/guarantor required
  • Faster Processing
  • Minimum Documentation
  • Attractive Interest Rates
  • 12-60 Months repayment options

You can also get an ICICI Bank Personal Loan on the repayment track of your existing Home loan, Car loan or Personal loan; or your Credit Card statement.

Special Offer for ICICI Bank Customer:

With the "Loan on Phone" facility, it is possible to secure a loan even without having to visit your bank branch. If you have been an ICICI Bank customer for the past 6 months, you might have a pre-approved loan offer waiting for you. All you need to do is :

Login to icicibank.com using your user ID and password and know your offer

Speak to our phone banking officers and quote your relationship number to know your offer Click here.

Walk in to any ICICI Bank branch