ICICI Bank Education Loan (India)
ICICI Bank Education Loan with pan-India branch support and digital application via iMobile.
Documents required
- PAN Card
- Aadhaar Card
- Admission letter
- Fee structure
- Co-borrower KYC
- Co-borrower income proof
As published by ICICI Bank. Your branch may ask for more.
No verified interest rate is available for the ICICI Bank education loan (india).
Best for: Higher-ticket overseas postgraduate (₹50L+) where collateral is available — collateral-backed rate band starts at 9.75%, lower than Credila unsecured.
Eligibility
Loan terms
- Branch network advantage
- Digital application via iMobile
- Moratorium with simple interest accrual
Fees & charges
Tax: interest paid is deductible under Section 80E with no upper cap, for up to 8 years. Confirm with a tax adviser.
FAQ
After the moratorium — course duration plus 6 to 12 months. Interest accrues during study; paying simple interest through the moratorium reduces your later EMI.
Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.
No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.
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