RMGOE

ICICI Bank Education Loan

The Industrial Credit and Investment Corporation Bank is India’s largest private sector bank. ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its group companies.

 

Brief Review

 

Profile

Description

Name of Bank 

ICICI Bank

Founded on

1955

Headquarter

Mumbai, Maharashtra, India

Type of Bank 

Private Bank

Number of Employees

81,548 (2018)

CEO Name

Sandeep Bakhshi

Maximum Loan Amount 

Rs. 1 crore

Timeline for Loan Disposal

Maximum 15 Working days

Annual Revenue

118,969 crore (US$17 billion) (2018)

Processing Fees

No Processing Fee will be charged

Other Subsidiaries

  • ICICI Prudential
  • ICICI Lombard
  • ICICI Securities
  • ICICI Bank Canada
  • ICICI Home Finance Company Limited

Category 

Education Loan in India

 

How to Apply

Online

  • Visit official Web Site of ICICI Bank (Click Here)
  • Find the Educational Loan Section Apply Now Button
  • Fill online Application Form

Offline

  • Visit the nearest branch of Allahabad Bank to get offline Education Loan form.
  • You may also download the form from official web handle.
  • Submit the Application Form to Nearest Branch along with document needed.
 

Eligibility

  • The applicant should be an Indian national.
  • Secured admission/ invite from the university in approved university/ college in degree/ diploma course
  • Education: Should have completed 10+2 (12th standard).
 

Documents Needed

  • Academic Records: 10th Result, 12th Result, Graduation result-semester Wise (if Possible) Entrance Exam Result through which admission is being taken
  • Proof of admission: Offer Letter or Admission Letter from the Institution.
  • Co-applicant KYC and income proof*
  • Additional documents may be requested in case of collateral required
 

Expenses Considered

  • Tuition and course fee
  • Examination/ library/ laboratory fee
  • Travel expenses
  • Passage money for studies overseas
  • Insurance premium for the student borrower
  • Caution deposit, building fund/ refundable deposit supported by Institution bills/ receipts
  • Purchase of books/ equipments/ uniforms/ instruments
  • Purchase of computer at a reasonable cost if required for completion of the course
  • Any other expense required to complete the course like study tour, project work, thesis.
 

Return Policy

  • Loan tenure without collateral • India and Abroad:- PG Up to 8 years post-course period + 6 months, UG Up to 5 years post-course period + 6 months
  • Loan tenure with collateral • India and Abroad:- PG Up to 10 years post-course period + 6 months, UG Up to 7 years post-course period + 6 months
 

Contact Details

Head office 

ICICI Bank Towers, Bandra-Kurla Complex, Mumbai 400 051.

Official website

www.icicibank.com

Apply for Loan 

Click Here

Contact Number

+91-22-33667777

Our Students Say

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