- Monday to Saturday – 9 to 7 pm, Sunday closed
Menu
Get Free Education Loan Assistance From Siksha Udaan Capital
10.95% - 12.50%
0.5 - 1% of the loan amount+GST
ICICI Bank, a well-known bank in India’s private sector, was established in 1994. Despite the increasing expenses of higher education, ICICI Bank acknowledges the challenges that come with pursuing advanced studies. However, they believe that financial constraints should not hinder individuals from reaching their aspirations.
To assiststudents in their pursuit of higher education abroad, Shiksha Udaan Capital has partnered with ICICI Bank. ICICI Bank recognizes your ambitions for a successful career and provides student loans to support your pursuit of higher education. Applying for an Education Loan through ICICI Bank is a hassle-free and straightforward process.
ICICI Bank has categorized the top educational institutions into various groups, namely A1, A2, A3, and A4, based on the specific university and course chosen. With flexible duration and repayment choices, reasonable interest rates, tax savings on interest paid under section 80(E), and a loan amount of up to Rs. 50 lakhs without the need for collateral, ICICI Bank helps students fulfill their goals of studying prestigious universities overseas.
| Features | Description |
|---|---|
|
Loan amount |
A1-50 Lakhs INR A2- 40 Lakhs INR A3 - 15 Lakhs INR A4- On an immediate EMI bais |
|
Rate of interest |
A1- 10.95% A2-11.70% A3-12.25% A4-12.50% |
|
Interest rate type |
Floating Interest rate |
|
Minimum Income(Co-Applicant) |
50,000 INR(without obligations) |
|
Repayment |
Need to pay S.I. only during course + 6 months grace period |
|
Processing fees |
0.5%-1% of the loan amount + GST |
|
Other Charges |
Nil |
Note: If the applicant’s and co-applicants profile is strong, a high CIBIL, academics percentage, and more than a full moratorium can be provided in this case i.e. no repayment during the course and grace period.
To obtain approval for an education loan from ICICI Bank for studying abroad, you need to meet certain eligibility criteria.
In addition to regular study loans, ICICI Bank provides a unique product tailored for those who have work experience and aspire to go abroad for further education. This experience-based product by ICICI Bank has a range of aspects that make it stand out.
Note: The ICICI Bank requires the applicant to make a Fixed Deposit (FD) as security, which should be equal to the simple interest that needs to be paid during the moratorium period.
To begin your loan application with ICICI Bank for overseas education, you will need certain mandatory documents.
You can obtain a few more advantages by pursuing a study abroad loan from ICICI Bank through Shiksha Udaan Capital. Among these advantages are:
Best Loan Assurance
Shiksha Udaan Capital guarantees that you will get the most competitive education loan. We are committed to offering you the best deal available. If by any chance you come across a better offer, we will compensate for any variation in interest rates for the entire duration of your education loan.
Customized Document Checklist
ICICI requires several documents, but with Shiksha Udaan Capital, you will receive a personalized document checklist tailored to your profile. This checklist will include all the necessary documents you need to provide. If there are any alternative document options available, they will also be mentioned in the checklist.
Quick Processing Time
The loan process can be finished in 5–7 days with Shiksha Udaan Capital’s assistance, however, according to ICICI Bank’s regular operational rules, going directly to them might take up to 10 days.
Completely Free Assistance
Shiksha Udaan Capital connects you with an education loan expert who will assist you throughout the process at no extra charge when you check your eligibility and proceed with your loan.
Full Moratorium Offered
Shiksha Udaan Capital can assist in obtaining a complete moratorium if the applicant and co-applicant have a strong overall profile, including a high CIBIL score, academic percentage, and more.
To obtain a loan for studying abroad from ICICI, you have the option to apply conveniently on their website. However, for a more convenient application process, you can consider applying for your education loan through Shiksha Udaan Capital.
Shiksha Udaan Capital helps Indian students finance their education abroad through an online platform. Begin your journey with us by checking your loan eligibility, and we’ll take care of the rest.
ICICI Bank may offer a complete moratorium on your overseas education loan if your application profile is very strong.
ICICI Bank does not impose any prepayment penalty on your overseas education loan. So, you can repay the loan amount without any additional charges or fees.
It is mandatory to complete a minimum of 3 years in your professional career before being eligible for the experience-based product offered by ICICI Bank.
By opting for a loan from ICICI Bank, you can avail tax benefits under section 80(c). This implies that you can deduct your investments, allowing you to enjoy certain advantages when it comes to taxes.
ICICI Bank charges processing fees that can vary from 0.5% to 1% plus GST. However, in some exceptional cases where the applicant has an excellent profile, the processing fees can be as low as 0.3%.
The university receives the tuition fees and on-campus housing fees, while other living expenditures are credited to the borrower’s account.
Shiksha Udaan Capital aims to support your dream of attaining a high-quality education and provide students with easy access to personalized educational finance alternatives.
