{"id":11627,"date":"2024-04-17T13:22:26","date_gmt":"2024-04-17T07:52:26","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=11627"},"modified":"2024-04-17T13:22:29","modified_gmt":"2024-04-17T07:52:29","slug":"icici-bank-education-loan","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/education-loan\/icici-bank-education-loan\/","title":{"rendered":"ICICI Bank Education Loan to Study Abroad: Interest, Eligibility, Documentation"},"content":{"rendered":"\n<p>Many public and private banks in India provide education loans to study abroad. ICICI Bank is one of them providing financial services and assistance to aspiring students. ICICI Bank education loans can be availed up to INR 2 crores for overseas studies and up to INR 1 crore for domestic studies. The interest rates are linked to the RBI repo rate and vary on various parameters.&nbsp;<\/p>\n\n\n\n<p>Applicants can avail of funds to pursue graduate\/ postgraduate\/ diploma courses from recognised institutes in India and abroad. Any Indian citizen who is 16-35 years of age with a good academic record can avail of the same. Read this blog to learn more about the details of ICICI education loans, eligibility criteria, how to apply and other important information.<\/p>\n\n\n\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><h2 id=\"table-of-contents\">Table of contents<\/h2><ul><li><a href=\"#h-overview-of-icici-bank-education-loan-to-study-abroad\" data-level=\"2\">Overview of ICICI Bank Education Loan to Study Abroad<\/a><ul><li><a href=\"#h-eligibility-criteria\" data-level=\"3\">Eligibility Criteria<\/a><\/li><\/ul><\/li><li><a href=\"#h-icici-bank-education-loan-interest-rates\" data-level=\"2\">ICICI Bank Education Loan Interest Rates<\/a><ul><li><a href=\"#h-interest-rate-for-male-students-floating\" data-level=\"3\">Interest Rate for Male Students (Floating)<\/a><\/li><li><a href=\"#h-interest-rate-for-female-students-floating\" data-level=\"3\">Interest Rate for Female Students (Floating)<\/a><\/li><\/ul><\/li><li><a href=\"#h-how-to-apply-for-an-icici-bank-education-loan\" data-level=\"2\">How to Apply for an ICICI Bank Education Loan?<\/a><ul><li><a href=\"#h-through-official-website\" data-level=\"3\">Through Official Website<\/a><\/li><li><a href=\"#h-through-vidya-lakshmi-portal\" data-level=\"3\">Through Vidya Lakshmi Portal<\/a><\/li><\/ul><\/li><li><a href=\"#h-documents-required\" data-level=\"2\">Documents Required<\/a><\/li><li><a href=\"#h-benefits-of-icici-bank-education-loan-to-study-abroad\" data-level=\"2\">Benefits of ICICI Bank Education Loan to Study Abroad<\/a><\/li><li><a href=\"#h-faqs-on-icici-education-loan-to-study-abroad\" data-level=\"2\">FAQs on ICICI Education Loan to Study Abroad<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-overview-of-icici-bank-education-loan-to-study-abroad\"><span id=\"overview-of-icici-bank-education-loan-to-study-abroad\">Overview of ICICI Bank Education Loan to Study Abroad<\/span><\/h2>\n\n\n\n<p>ICICI Bank offers financial assistance to aspiring and deserving students to pursue their higher education abroad. For this, the bank provides education loans up to INR 2 crores. The best part is that the students can also avail of ICICI collateral-free education loans up to INR 1 crore to study in premium institutions.<\/p>\n\n\n\n<p>The interest rates of ICICI range from 10.25% to 14.00%, based on the floating interest rate. The bank also offers special products for government employees, CXOs and professionals with 2 years of experience. No <a href=\"https:\/\/fly.finance\/blog\/education-loan\/margin-money-in-education-loans\/\"><strong>margin money<\/strong><\/a> is required for premium institutes. Also, the applicants can easily apply online without making any branch visits.<\/p>\n\n\n\n<p>The loan is sanctioned based on entrance exam scores like GMAT, GRE and English proficiency exams like IELTS, TOEFL etc. Students can also avail <a href=\"https:\/\/fly.finance\/blog\/education-loan\/income-tax-rebate-on-education-loan\/\"><strong>income tax rebates on education loans<\/strong><\/a> under Section 80E of the Income Tax Act. <a href=\"https:\/\/fly.finance\/blog\/education-loan\/icici-bank-interest-certificate\/\"><strong>ICICI Interest Certificate<\/strong><\/a> allows the applicants to claim the same.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Basis<\/strong><\/td><td><strong>Details<\/strong><\/td><\/tr><tr><td>Maximum Loan Amount<\/td><td>Up to INR 2 crores to study abroad<br>Up to INR 1 crore for domestic studies<\/td><\/tr><tr><td>Interest Rates<\/td><td>Repo Rate + 3.75% (spread) onwards<br>6.50% + 3.75% = 10.25%<\/td><\/tr><tr><td>Loan Tenure<\/td><td>Up to 10-12 years for UG courses<br>Up to 12-14 years for PG courses<\/td><\/tr><tr><td>Unsecured Loans<\/td><td>Up to INR 1 crore<\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/what-is-moratorium-period-and-how-does-it-work\/\"><strong>Moratorium Period<\/strong><\/a><\/td><td>Course duration + 12 months&nbsp;<\/td><\/tr><tr><td>Margin Money<\/td><td>No margin for premium institutes<br>15% margin for other category institutes<\/td><\/tr><tr><td>Processing Fee<\/td><td>NIL<\/td><\/tr><tr><td>Pre-payment Charges<\/td><td>NIL<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-eligibility-criteria\"><span id=\"eligibility-criteria\">Eligibility Criteria<\/span><\/h3>\n\n\n\n<p>To be eligible for an ICICI Bank education loan to study abroad, the applicant-&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Should be an Indian citizen<\/li>\n\n\n\n<li>Should have secured admission or offer letter from the university in approved university\/ college in full-time degree\/ diploma course<\/li>\n\n\n\n<li>Should have completed 10+2 (12th Standard)<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-icici-bank-education-loan-interest-rates\"><span id=\"icici-bank-education-loan-interest-rates\">ICICI Bank Education Loan Interest Rates<\/span><\/h2>\n\n\n\n<p>Interest rates on ICICI Bank education loans are calculated based on RBI-linked repo rates + 3.75% (Spread) onwards. The current RBI-linked repo rate is 6.50% and the Spread is 3.75%. Thus, ICICI Bank interest rates start from 10.25% onwards.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Spread is the interest rate charged by banks on loans to private sector customers minus the interest rate paid by commercial banks).<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-interest-rate-for-male-students-floating\"><span id=\"interest-rate-for-male-students-floating\">Interest Rate for Male Students (Floating)<\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td>Upto INR 4 lakhs<\/td><td>13.60% (I Base + Applicable Margin (Currently: I BASE + 4.25 %)<\/td><\/tr><tr><td>Above INR lakhs<\/td><td>14.60% (I Base + Applicable Margin (Currently: I BASE + 5.25 %)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-interest-rate-for-female-students-floating\"><span id=\"interest-rate-for-female-students-floating\">Interest Rate for Female Students (Floating)<\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td>Upto INR 4 lakhs<\/td><td>13.10% (I Base + Applicable Margin (Currently: I BASE + 3.75 %)<\/td><\/tr><tr><td>Above INR 4 lakhs<\/td><td>14.10% (I Base + Applicable Margin (Currently: I BASE + 4.75 %)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>However, the interest rates for the period Jan 2024 to March 2024 were calculated based on iSMART interest rates on education loans. The minimum interest rate was 9.85% p.a and the maximum interest rate was 14.00% p.a. The mean interest rate was 11.51% p.a. Which was calculated as the Sum of the rate of all loan accounts\/number of all loan amounts.<\/p>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Compare the <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-interest-rates\/\"><strong>education loan interest rates<\/strong><\/a><strong> of different lenders and avail study abroad education loans at the lowest interest rates in 2024.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-apply-for-an-icici-bank-education-loan\"><span id=\"how-to-apply-for-an-icici-bank-education-loan\">How to Apply for an ICICI Bank Education Loan?<\/span><\/h2>\n\n\n\n<p>Applicants can easily apply for ICICI education loans by visiting the nearest bank branch. However, to avoid the hassles of branch visits, applicants can easily apply online through the bank\u2019s official website or Vidya Lakshmi Portal. Let\u2019s have a look at the steps to apply for an education loan online-<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-through-official-website\"><span id=\"through-official-website\">Through Official Website<\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Visit the ICICI Bank official website.<\/li>\n\n\n\n<li>Navigate to the \u2018Loans\u2019 section on the main menu bar.<\/li>\n\n\n\n<li>Click on \u2018Education Loans\u2019.<\/li>\n\n\n\n<li>Click on \u2018Apply Now\u2019 and you be redirected to a new page.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Once again, click on \u2018Apply Now\u2019.<\/li>\n\n\n\n<li>Enter the details as asked and upload the required documents.<\/li>\n\n\n\n<li>Wait for a call back from the bank representative to get in touch with you for further details.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/zVB5tXp3Dck4q7dTFZLZT7Vao3AWKhun-McXyBlkBsZHSWVFN38mWbTVv6xJFYzCbkN8hOyhHkAELcE6rxotgPiTsbxFiZn3Ad93-UGO8AIxtgYEJaKq1Oq7jFnrf06CFgFxBVGsZjp4MUgFx5wwFXQ\" alt=\"ICICI Bank\" style=\"object-fit:cover;width:500px;height:350px\"\/><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\" id=\"h-through-vidya-lakshmi-portal\"><span id=\"through-vidya-lakshmi-portal\">Through Vidya Lakshmi Portal<\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The first step is to <a href=\"https:\/\/fly.finance\/blog\/education-loan\/vidya-lakshmi-education-loan-registration-process\/\"><strong>register on the Vidya Lakshmi portal for education loans<\/strong><\/a>.<\/li>\n\n\n\n<li>Log in using your credentials.<\/li>\n\n\n\n<li>Click on \u2018Search and Apply for Loan Scheme\u2019.<\/li>\n\n\n\n<li>Type \u2018ICICI Bank\u2019 in the search box.<\/li>\n\n\n\n<li>Click on \u2018Apply\u2019 and then \u2018Fill the Application Form\u2019.<\/li>\n\n\n\n<li>Fill in all the details carefully and upload the required documents.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/d0MeoGxf597E5fRl2AkZKUFn0TW4M98k0OMSfFJm61bTO3p_b91nogLDM5LSoR6-WnCIQ1iaAyqox2eucp6KfAqbY6CGgr6cpWRHxSezIV_eVm3U-t2bAN506FNKEjJqOCjmxL4NIzRS9sz2mFQmJjY\" alt=\"ICICI education loans through the Vidya Lakshmi Portal\" style=\"object-fit:cover;width:500px;height:350px\"\/><\/figure>\n<\/div>\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Check out the FAQs on the <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/faqs-on-restructuring-scheme-of-rbi\/\"><strong>Restructuring 2.0 Scheme of RBI<\/strong><\/a><strong> that provides benefits to the borrowers affected by the COVID-19 pandemic.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-documents-required\"><span id=\"documents-required\">Documents Required<\/span><\/h2>\n\n\n\n<p>The applicant is required to submit KYC documents like an Aadhaar Card, PAN card, or Voter ID, academic documents like class X, XII and graduation mark sheets, documents related to collateral, English proficiency test results, entrance exam results, university offer letter and much more. Let\u2019s have a look at the documents checklist-<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>KYC (Aadhaar Card, PAN Card, or Voter ID)<\/li>\n\n\n\n<li>Mark sheets of Class 10, 12, graduation and entrance exams<\/li>\n\n\n\n<li>Admission letter from the University<\/li>\n\n\n\n<li>Fee structure<\/li>\n\n\n\n<li>Income Proof (Salary Slips, ITR statements, bank statements)<\/li>\n\n\n\n<li>Additional documents may be requested in case of collateral required.&nbsp;<\/li>\n\n\n\n<li>Entrance exam scores like GRE, GMAT etc.<\/li>\n<\/ul>\n\n\n\n<p><strong>Please note:<\/strong> The accepted security\/ collateral for ICICI Bank education loans are-&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Residential\/ commercial property\/ plots (Non-agricultural)<\/li>\n\n\n\n<li>Fixed deposits<\/li>\n\n\n\n<li>Existing ICICI Bank Home Loan for cross-collateral<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-benefits-of-icici-bank-education-loan-to-study-abroad\"><span id=\"benefits-of-icici-bank-education-loan-to-study-abroad\">Benefits of ICICI Bank Education Loan to Study Abroad<\/span><\/h2>\n\n\n\n<p>There are various reasons to choose the ICICI bank education loan to study abroad. The one that tops the list is the higher limit of education loans with and without collateral. Besides, the bank is known for quicker loan processing time and easy disbursement process. Let\u2019s look at why you can count on ICICI education loans to study abroad-<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Maximum loan up to INR 2 crores.<\/li>\n\n\n\n<li>Collateral-free education loan up to INR 1 crore.&nbsp;<\/li>\n\n\n\n<li>Competitive interest rates starting from 10.25% p.a.<\/li>\n\n\n\n<li>Zero processing fee on education loans.<\/li>\n\n\n\n<li>Applicants can carry the <a href=\"https:\/\/fly.finance\/blog\/money-transfer\/icici-forex-card\/\"><strong>ICICI Forex<\/strong><\/a> card to easily carry foreign currency and make international transfers or regular transactions.<\/li>\n\n\n\n<li><a href=\"https:\/\/fly.finance\/blog\/education-loan\/icici-bank-education-loan-disbursement-process\/\"><strong>ICICI Bank education loan disbursement process<\/strong><\/a> is quick, hassle-free and completely online.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs-on-icici-education-loan-to-study-abroad\"><span id=\"faqs-on-icici-education-loan-to-study-abroad\">FAQs on ICICI Education Loan to Study Abroad<\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1713338942642\"><strong class=\"schema-faq-question\"><strong>What are ICICI Bank education loans to study abroad?<\/strong><\/strong> <p class=\"schema-faq-answer\">ICICI Bank provides financial assistance to study-abroad students by providing them funds up to INR 2 crores and pursue higher education in graduate\/ postgraduate\/ diploma courses from recognised institutes abroad.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1713338943907\"><strong class=\"schema-faq-question\"><strong>What is the ICICI Bank education loan interest rate to study abroad?<\/strong><\/strong> <p class=\"schema-faq-answer\">ICICI Bank education loan interest rates start from\u00a010.25%.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1713338944845\"><strong class=\"schema-faq-question\"><strong>What is the maximum education loan amount from ICICI Bank?<\/strong><\/strong> <p class=\"schema-faq-answer\">The ICICI Bank education loans to study abroad students are provided up to INR 2 crores. Students can avail of collateral-free education loans from ICICI Bank up to INR 1 crore.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1713338945807\"><strong class=\"schema-faq-question\"><strong>Who is eligible for ICICI Bank education loans to study abroad?<\/strong><\/strong> <p class=\"schema-faq-answer\">An Indian citizen who has completed class 12 and has secured admission or an offer letter from the university in an approved university\/ college in a full-time degree\/ diploma course is eligible to apply for ICICI bank education loans to study abroad.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1713338947010\"><strong class=\"schema-faq-question\"><strong>What are the documents required for the ICICI Bank education loan?<\/strong><\/strong> <p class=\"schema-faq-answer\">The applicant is required to submit KYC documents like an Aadhaar Card, PAN card, or Voter ID, academic documents like class X, XII and graduation mark sheets, documents related to collateral, English proficiency test results, entrance exam results, university offer letter and much more.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1713340098741\"><strong class=\"schema-faq-question\"><strong>What do I need to claim income tax benefits on an ICICI bank education loan?<\/strong><\/strong> <p class=\"schema-faq-answer\">Applicants are required to submit the ICICI Bank interest certificate during ITR filing to claim income tax rebates on education loans under Section 80E of the Income Tax Act.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1713340110795\"><strong class=\"schema-faq-question\"><strong>How to apply for an ICICI bank education loan online?<\/strong><\/strong> <p class=\"schema-faq-answer\">Applicants can apply for an ICICI Bank education loan to study abroad online through the bank\u2019s official website or Vidya Lakshmi Portal. You need to provide your personal details and upload the required documents.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1713340128477\"><strong class=\"schema-faq-question\"><strong>Who can be my ICICI education loan co-applicant?<\/strong><\/strong> <p class=\"schema-faq-answer\">Parents, brothers, sisters, spouse, father-in-law, mother-in-law, daughter-in-law, maternal and paternal uncle\/aunt and grandparents can be your co-applicants when you avail of an education loan from ICICI Bank.<\/p> <\/div> <\/div>\n\n\n\n<p>This was all about ICICI Bank&#8217;s education loan to study abroad. To know more about <a href=\"https:\/\/fly.finance\/blog\/education-loan\/\"><strong>education loans<\/strong><\/a>, the best <a href=\"https:\/\/fly.finance\/blog\/student-account\/\"><strong>bank accounts for students<\/strong><\/a>, forex and banking experience for global students or <a href=\"https:\/\/fly.finance\/blog\/money-transfer\/\"><strong>international money transfers<\/strong><\/a>, reach out to our experts at 1800572126 to help ease your study abroad experience.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-pale-ocean-gradient-background has-background\"><tbody><tr><td colspan=\"2\"><strong>Related Blogs<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/yono-sbi-education-loan\/\"><strong>YONO SBI Education Loan<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/apply-for-education-loan-refinance\/\"><strong>How to Apply for Education Loan Refinance<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/credit-scores-and-their-impact-on-education-loan-refinancing\/\"><strong>Credit Score and its Impact on Education Loan<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/tax-exemption-from-an-education-loan\/\"><strong>Tax Exemption from Education Loan<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/indian-army-education-loan\/\"><strong>Indian Army Education Loan<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/bonafide-certificate-for-education-loan\/\"><strong>Bonafide Certificate for Education Loan<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/tata-capital-education-loan\/\"><strong>Tata Capital Education Loan<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/gap-certificate-for-education-loan\/\"><strong>Gap Certificate for Education Loan<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/pnb-education-loan-processing-time\/\"><strong>PNB Education Loan Processing Time<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/sbi-shaurya-education-loan\/\"><strong>SBI Shaurya Education Loan<\/strong><\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Follow Us on Social Media <\/strong><\/p>\n\n\n\n<ul class=\"wp-block-social-links is-layout-flex wp-block-social-links-is-layout-flex\"><li class=\"wp-social-link wp-social-link-instagram  wp-block-social-link\"><a href=\"https:\/\/instagram.com\/flydotfinance\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12,4.622c2.403,0,2.688,0.009,3.637,0.052c0.877,0.04,1.354,0.187,1.671,0.31c0.42,0.163,0.72,0.358,1.035,0.673 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class=\"wp-social-link wp-social-link-linkedin  wp-block-social-link\"><a href=\"https:\/\/www.linkedin.com\/company\/flyfinance\/\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M19.7,3H4.3C3.582,3,3,3.582,3,4.3v15.4C3,20.418,3.582,21,4.3,21h15.4c0.718,0,1.3-0.582,1.3-1.3V4.3 C21,3.582,20.418,3,19.7,3z M8.339,18.338H5.667v-8.59h2.672V18.338z M7.004,8.574c-0.857,0-1.549-0.694-1.549-1.548 c0-0.855,0.691-1.548,1.549-1.548c0.854,0,1.547,0.694,1.547,1.548C8.551,7.881,7.858,8.574,7.004,8.574z M18.339,18.338h-2.669 v-4.177c0-0.996-0.017-2.278-1.387-2.278c-1.389,0-1.601,1.086-1.601,2.206v4.249h-2.667v-8.59h2.559v1.174h0.037 c0.356-0.675,1.227-1.387,2.526-1.387c2.703,0,3.203,1.779,3.203,4.092V18.338z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">LinkedIn<\/span><\/a><\/li>\n\n<li class=\"wp-social-link 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c7.547,0,11.675-6.252,11.675-11.675c0-0.178-0.004-0.355-0.012-0.531C20.985,7.47,21.68,6.747,22.23,5.924z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Twitter<\/span><\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Many public and private banks in India provide education loans to study abroad. ICICI Bank is one of them providing financial services and assistance to aspiring students. ICICI Bank education loans can be availed up to INR 2 crores for overseas studies and up to INR 1 crore for domestic studies. The interest rates are &#8230; <a title=\"ICICI Bank Education Loan to Study Abroad: Interest, Eligibility, Documentation\" class=\"read-more\" href=\"https:\/\/fly.finance\/blog\/education-loan\/icici-bank-education-loan\/\" aria-label=\"Read more about ICICI Bank Education Loan to Study Abroad: Interest, Eligibility, Documentation\">Read more<\/a><\/p>\n","protected":false},"author":29,"featured_media":11628,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-11627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education-loan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>ICICI Bank Education Loan to Study Abroad: Interest, Eligibility, Documentation<\/title>\n<meta name=\"description\" content=\"Check here all the details of ICICI Bank Education Loan to study abroad. 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Know the interest rate, eligibility and application process.","og_url":"https:\/\/fly.finance\/blog\/education-loan\/icici-bank-education-loan\/","og_site_name":"Fly Finance","article_author":"https:\/\/www.facebook.com\/shubhika.garg\/","article_published_time":"2024-04-17T07:52:26+00:00","article_modified_time":"2024-04-17T07:52:29+00:00","author":"Shubhika Garg","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Shubhika Garg","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/fly.finance\/blog\/education-loan\/icici-bank-education-loan\/#article","isPartOf":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/icici-bank-education-loan\/"},"author":{"name":"Shubhika Garg","@id":"https:\/\/fly.finance\/blog\/#\/schema\/person\/1f13adc00f6f67e7ed5a2fb5e97bfec6"},"headline":"ICICI Bank Education Loan to Study Abroad: Interest, Eligibility, Documentation","datePublished":"2024-04-17T07:52:26+00:00","dateModified":"2024-04-17T07:52:29+00:00","mainEntityOfPage":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/icici-bank-education-loan\/"},"wordCount":1583,"commentCount":0,"publisher":{"@id":"https:\/\/fly.finance\/blog\/#organization"},"image":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/icici-bank-education-loan\/#primaryimage"},"thumbnailUrl":"","articleSection":["Education Loan"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/fly.finance\/blog\/education-loan\/icici-bank-education-loan\/#respond"]}],"accessibilityFeature":["tableOfContents"]},{"@type":["WebPage","FAQPage"],"@id":"https:\/\/fly.finance\/blog\/education-loan\/icici-bank-education-loan\/","url":"https:\/\/fly.finance\/blog\/education-loan\/icici-bank-education-loan\/","name":"ICICI Bank Education Loan to Study Abroad: Interest, Eligibility, Documentation","isPartOf":{"@id":"https:\/\/fly.finance\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/icici-bank-education-loan\/#primaryimage"},"image":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/icici-bank-education-loan\/#primaryimage"},"thumbnailUrl":"","datePublished":"2024-04-17T07:52:26+00:00","dateModified":"2024-04-17T07:52:29+00:00","description":"Check here all the details of ICICI Bank Education Loan to study abroad. 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I'm Shubhika- a proud graduate in English Literature and Language from Delhi University. My journey as a content writer transitioned from online teacher into the world of words. Stepping into the domain of blogs and articles, I discovered my passion for writing growing deeper and stronger. Having said that, I have experience of writing for diverse industries in automobile, technology, ed-tech, finance and mental-health; crafting details to help you find the solution to what you are looking for. Join me as I invite you all explore and learn together.","sameAs":["https:\/\/www.facebook.com\/shubhika.garg\/","https:\/\/www.instagram.com\/shubhika.garg\/","https:\/\/www.linkedin.com\/in\/shubhikagarg71\/","https:\/\/www.tumblr.com\/blog\/shubhikahere"],"url":"https:\/\/fly.finance\/blog\/author\/shubhika\/"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/icici-bank-education-loan\/#faq-question-1713338942642","position":1,"url":"https:\/\/fly.finance\/blog\/education-loan\/icici-bank-education-loan\/#faq-question-1713338942642","name":"What are ICICI Bank education loans to study abroad?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"ICICI Bank provides financial assistance to study-abroad students by providing them funds up to INR 2 crores and pursue higher education in graduate\/ postgraduate\/ diploma courses from recognised institutes abroad.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/icici-bank-education-loan\/#faq-question-1713338943907","position":2,"url":"https:\/\/fly.finance\/blog\/education-loan\/icici-bank-education-loan\/#faq-question-1713338943907","name":"What is the ICICI Bank education loan interest rate to study abroad?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"ICICI Bank education loan interest rates start from\u00a010.25%.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/icici-bank-education-loan\/#faq-question-1713338944845","position":3,"url":"https:\/\/fly.finance\/blog\/education-loan\/icici-bank-education-loan\/#faq-question-1713338944845","name":"What is the maximum education loan amount from ICICI Bank?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The ICICI Bank education loans to study abroad students are provided up to INR 2 crores. Students can avail of collateral-free education loans from ICICI Bank up to INR 1 crore.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/icici-bank-education-loan\/#faq-question-1713338945807","position":4,"url":"https:\/\/fly.finance\/blog\/education-loan\/icici-bank-education-loan\/#faq-question-1713338945807","name":"Who is eligible for ICICI Bank education loans to study abroad?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"An Indian citizen who has completed class 12 and has secured admission or an offer letter from the university in an approved university\/ college in a full-time degree\/ diploma course is eligible to apply for ICICI bank education loans to study abroad.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/icici-bank-education-loan\/#faq-question-1713338947010","position":5,"url":"https:\/\/fly.finance\/blog\/education-loan\/icici-bank-education-loan\/#faq-question-1713338947010","name":"What are the documents required for the ICICI Bank education loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The applicant is required to submit KYC documents like an Aadhaar Card, PAN card, or Voter ID, academic documents like class X, XII and graduation mark sheets, documents related to collateral, English proficiency test results, entrance exam results, university offer letter and much more.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/icici-bank-education-loan\/#faq-question-1713340098741","position":6,"url":"https:\/\/fly.finance\/blog\/education-loan\/icici-bank-education-loan\/#faq-question-1713340098741","name":"What do I need to claim income tax benefits on an ICICI bank education loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Applicants are required to submit the ICICI Bank interest certificate during ITR filing to claim income tax rebates on education loans under Section 80E of the Income Tax Act.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/icici-bank-education-loan\/#faq-question-1713340110795","position":7,"url":"https:\/\/fly.finance\/blog\/education-loan\/icici-bank-education-loan\/#faq-question-1713340110795","name":"How to apply for an ICICI bank education loan online?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Applicants can apply for an ICICI Bank education loan to study abroad online through the bank\u2019s official website or Vidya Lakshmi Portal. You need to provide your personal details and upload the required documents.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/icici-bank-education-loan\/#faq-question-1713340128477","position":8,"url":"https:\/\/fly.finance\/blog\/education-loan\/icici-bank-education-loan\/#faq-question-1713340128477","name":"Who can be my ICICI education loan co-applicant?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Parents, brothers, sisters, spouse, father-in-law, mother-in-law, daughter-in-law, maternal and paternal uncle\/aunt and grandparents can be your co-applicants when you avail of an education loan from ICICI Bank.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/11627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/comments?post=11627"}],"version-history":[{"count":0,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/11627\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media?parent=11627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/categories?post=11627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/tags?post=11627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}