Interest Rate
Starting 10.25%
Processing Fees
0.5% to 1% +GST
Financing
100%
10 Lakh
Students
10+
Countries
5000+
Institutes
Confirm Your Eligibility
Contact your lender and check eligibility. You can also use the free tool we offer to check and confirm your eligibility for the loan
Consult Our Counsellors and Experts
Reach out to us and speak to our experts and counsellors to proceed further with your application.
Apply
Fill in your personal, educational, and contact details in the application form online and attach the documents. Review everything and submit it.
Approval
Your application will be approved for an education loan by ICICI Bank after assessment and validation.
Perks
Details
Loan Amount
Up to Rs. 1.5 crore
Interest Rate
Beginning from 10.25%
Processing Charges
0.5% to 1% +GST
Margin
0-15%
Processing Time
5 to 7 days
Repayment Tenure
10 years
Part Payment Option
Allowed
Moratorium Tenure
Course duration+6months
ICICI Bank offers a moratorium period in which there is no need to make any payment. It covers the course duration and an extra 6 months. Then the repayment tenure begins, in which you need to pay the principal as well as the interest payments.
The loan repayment term is based on your enrolled course program. For bachelor’s degree programs, an 8- to 10-year loan term after the moratorium is offered. In contrast, for master’s degree courses, a 10- to 12-year loan term is offered after the grace period.
If your finances are stable, you can pay off your ICICI bank education loan for abroad studies early without additional fees. Furthermore, your repayment schedule is based on your loan sum and credit profile when applying.
EMI Calculator
Wider Coverage
In addition to only covering education costs like tuition fees and university administrative charges, education loans cover living expenses such as accommodation, food and groceries, travel and leisure activities.
Reasonable Rates of Interest and Simple Repayment Terms
The ICICI interest rate on education loan is reasonable and has simple repayment terms, making repayment easier.
Reduces Financial Burden
Education loans decrease the financial burden on students and their parents. They mitigate the strain on your and your family’s savings. You do not need to liquidate your FDs, investments, mutual funds, and bonds.
Loan Repayment After Education
Education loans EMIs are only payable after you complete your studies and get employed. Therefore, you do not need to worry about repayment. After completing your studies, you have the grace period to search for a job, get employed, stabilise your finances and pay back the loan.
Are you thinking of applying for an ICICI student loan? The ICICI Bank offers flexible repayment options. Also, the ICICI rate on education loan is reasonable, making it a preferable option for students. The bank also offers pre-approved instant approvals based on urgency.
The bank’s unsecured loan lets you fulfil your academic and career dreams without pledging security. Moreover, the bank does not charge any prepayment or processing fees, making its education loan one of the best options for students.
Here is how you can apply for an education loan through Qck Loans:
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Akash HD
TU Munich, Germany
Kishan
UNSW, Australia
“Heartfelt thanks to Qck Loans for facilitating a Rs 55,00,000 non-collateral loan for my studies at UNSW, Australia. Their guidance in covering tuition and living expenses was invaluable. Qck Loans made my dream of studying abroad achievable and stress-free with their expert Education Loans to Study Abroad. Their dedication has been a cornerstone in my educational journey.”
Ananya
EPITA, France
“I am deeply grateful to Qck Loans for their invaluable support in securing a 20,00,000 loan for my studies at EPITA, France. Their guidance and efficient processing made what seemed a daunting task, both manageable and straightforward. Their team’s dedication and understanding of my educational goals were instrumental in making my dream a reality. Thanks to Qck Loans and their expertise in providing quick Education Loans to Study Abroad, I am now poised to embark on a transformative educational journey.”
Varuna
University of Twente, Netherlands
Sahana
Arizona State University, USA
I am very grateful to Qck Loans for having approved and assisting me in getting my 60,00,000 collateral education loan to study abroad at Arizona State University, USA. With exceptional services and seamless processing helped me to allocate the amount easily amongst my expenses. It is many girls’ wish to live the American dream, and it was possible by partnering with Qck Loans made it possible for me to get a quick loan for my studies abroad.
Yes definitely, you can get a full moratorium on your ICICI bank education loan for abroad studies with a strong profile.
Absolutely not! ICICI Bank does not levy processing charges for student loans.
The ICICI Bank takes approximately 5 to 7 working days to approve education loan applications.
ICICI Bank does not charge any prepayment penalty if you pay back your education loan early.
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