Icici bank education loan without collateral

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Updated: 16-09-2020 08:02:25 AM ICICI Bank is one of the leading banks that provides education loan in India. ICICI Bank believes that it is their responsibility to provide financial aid to students, as the students’ work should end at finalizing at the institute and course they want to take. Students who are taking ICICI Bank loans can rest easy that the bank will guide them through the process of taking the loan whether it is for a course pursued domestically or internationally. ICICI Bank is one of the leading banks that provides Salient Features about ICICI Bank Student Loans • All college expenses including and not limited to tuition, examination, study tours, etc. • Insurance premium for the students who avail the student loan • Student loan also covers travel expenses or passage money for studies overseas ICICI Bank Education Loan Interest Rates ICICI Bank charges a fixed interest rate on its student loans. Interest Rate Course/Location 11.5% PG/UG Domestic/ International Please note that the interest rate starts at 11.5%, it also depends on the course taken and the institute rolled into by the student. Features and Benefits of ICICI Bank Education Loan ICICI Bank being one of the premier banks of India has come up with attractive schemes and benefits that ensures the student is not burdened with troublesome details or fine prints. The salient features of ICICI Bank Education Loan are: • Collateral Free Loan*. • Flexible repayment options. • Tax benefit under sectio...

If one is planning for higher studies and looking for education loan then ICICI Bank has a solution for you. This facility from the ICICI Bank enables lakhs of pre-approved customers to get an instant sanction letter for education loans up to Rs 1 crore against their fixed deposits with the bank. For further details, one can login to the official ICICI Bank website at icicibank.com. Learn more: — ICICI Bank (@ICICIBank) The Instant Education Loan is a pre-approved education loan offer for ICICI Bank customers without the hassle of any paper work. Who can avail Insta Education Loan without collateral? The ICICI Bank customers who have pre-approved offer with the bank and are applying for higher studies in universities abroad or in domestic universities can avail Insta Education Loan without collateral. Key benefits This facility from the ICICI Bank significantly improves customers’ convenience as they are no longer required to visit any branch multiple times to get their sanction letter. Now, they can generate the final sanction letter themselves with just few clicks through digital channels of the bank like Internet banking facility. According to the ICICI Bank website, the key benefits of the loan are as follows: 1) Pre Approved Instant Sanction: The customers get access to instant sanction letter online from the comfort of their home for their Pre Approved Education Loan. 2) Loan Amount Without Collateral: Unsecured Loan amount Up to Rs 50 Lakhs 3) Tax benefits: Educatio...

• • ICICI Education Loan for Abroad Studies Through GoStudy ICICI bank through GoStudy offers a wide range of financial services and products to students, such as education loans for abroad studies. ICICI education loan for abroad studies through GoStudy provides the students with a collateralized and uncollateralized education loan. The ICICI education loan for abroad study through GoStudy must be utilized to sponsor your education overseas in acceptable countries. These education loans come with added benefits like unlimited tax benefits on the interest paid under section US/80E. Plus, the ICICI bank through GoStudy, in keeping up with the digital trends, provides an iSMART education loan facility for a quick loan. ICICI Education Loan for Abroad Studies Through GoStudy There is a stigma attached to taking loans in our country, and this unprecedented narrative sometimes stops students from pursuing their dreams. We are living in a world where education has become the way of life, and achieving the proper education is crucial for every student and aspirant. In pursuing their dreams of getting a higher and better education, students often get stuck between helping their parents, supporting the household, and getting the education they deserve. Several students choose the former for the lack of funds to support their studies, but not anymore. The ICICI education loan for study abroad through GoStudy allows students to take up higher studies in national and international uni...

Features Feature Details Interest Rate 8.25% - 13.20% onwards Loan Amount (Collateral) ₹1 Cr Loan Amount (Without Collateral) ₹40 Lac Loan Amount (Minimum) ₹1 Lac Processing Fees Up to 2% Processing Time 7 working days Loan Tenure up to 15 years Margin Listed Institutions: 0% Non-Listed Up to ₹20 Lakh: 0% Non-Listed Above ₹20 Lakh: 5-15% Prepayment Charges Zero Moratorium Period 6 months Tax Benefits Yes Benefits No Margin The ICICI Bank has a Zero margin policy for loans up to Rs 20 Lakh and a 5%-15% margin on more than Rs 20 Lakh depending on Collateral documents. If your university or college is one of the premier institutions recognized by ICICI Bank, you can enjoy zero margins on any loan amount. High Limit on Loan Amount ICICI Bank has a higher limit of ₹1 Cr on Collateral based loans and ₹40 Lac on Non-Collateral. The loan amount depends on the applicant's profile and choice of institution. These funds will cover your Fee payable at college, examination fees, travel expenses, insurance premiums, and other related expenses. Competitve Interest Rates The ICICI Bank has a starting interest rate of 8.25%, which goes up to 13.20% based on many application factors. Moratorium Period They have a grace or moratorium period allowance of 6 months after the completion of studies to allow students enough time to look for Jobs. Loan Repayment The ICICI Bank has a more extended repayment period of up to 15 years. If you plan to pay the amount earlier, you can foreclose your loan ...

Avail instant pre-approved education loan by opening a fixed deposit with ICICI Bank from the comfort of your home, without the hassle of any paperwork. Customers are no longer required to visit a branch to get their sanction letter, making it all the more convenient for customers. With just a few clicks through our digital channels – iMobile app or the internet banking facility, customers can now generate their sanction letter themselves. • Apply Using ICICI Bank Internet Banking • Login to www.icicibank.com with User id and password • Click on Open Fixed Deposit • Fill details and submit • Apply Using ICICI Bank ATM / Debit Card • Enter your ICICI Bank ATM/Debit card no. and pin • Fill the FD details • Pay online using your ATM / Debit Card to create FD online Customers can avail the loan in a few simple steps as below: • • Customer has to enter details like loan amount, repayment tenure, institute name, cost of study and click on ‘Display Offer Eligibility’ • Customer to enter details of student like name, date of birth and relation with student • Customer to check the final offer, read terms & conditions, authenticate via OTP and pay the processing fees to generate sanction letter • Post which, provisional sanction letter will get generated and will be sent to the registered email ID along with details of the designated relationship manager © 2020. ICICI Bank Ltd. All Rights Reserved. The products, services and offers referred to herein are subject to the terms and con...