Education loans support students in pursuing higher education, providing low interest rates and repayment options that start after course completion. Tax benefits are also available, making it a convenient option for students.
| Interest Rates | Information |
|---|---|
| [REPO* + 3.75%(Spread)] onwards | For courses in India: Up to Rs 1 Crore |
| Unsecured Loan Amount – Up to Rs 1 Crore | For courses abroad: Up to Rs 3 Crore |
| Particulars | Eligibility |
|---|---|
| Nationality | Indian |
| Age | Minimum- 16 years Maximum- 35 years |
| Academic record | Proven - good |
| Qualification | Completed 10+2 (12th Standard)/Diploma |
| For Pursuing | Graduation /Postgraduate Degree or a PG diploma in professional Education. |
| University Applied to | Listed,Recognized and Accredited Institutes in India and Overseas |
| Loan Amount | Domestic – Upto Rs 1 crore International – Upto Rs 3 crore |
| Co-borrower | Father, Mother, Brother, Sister, Spouse (Husband/Wife), Grand Parents, Parents in law, Maternal/Paternal Uncle. |
| Security | Property i.e. House or Flat, FD –Fixed Deposit, Existing ICICI Bank Home Loan for cross collateral. |
