Explore ICICI Education Loans for Undergraduate Students
Finance your UG studies with an ICICI Bank study loan for undergraduates.
Why Choose ICICI Bank Student Loans
ICICI Bank offers tailored undergraduate student loans with competitive interest rates, flexible repayment options, and quick processing. Trusted by students nationwide, ICICI Bank education loan for abroad ensures seamless funding for your education.
Advantages of Choosing ICICI
Offers affordable repayment terms with competitive interest rates (floating) starting at 9.25% p.a.
Covers 100% of tuition fees and other expenses up to 1 Cr (for India), and higher for overseas
You get a 6-month moratorium after course completion
Loans are offered both in India and abroad
Expect quick sanctions with minimal documents and get disbursal in days
ICICI Student Loan Highlights
Interest Rate
9.25%
Repayment Period
10 years
Processing Fee
1%
ICICI Education Loan Repayment
Yes
Eligibility Criteria & Documents Required
Check your ICICI education loan eligibility and apply confidently for your student loan.
- UGC/AICTE-approved UG/PG programs in India or abroad
- Indian nationals aged 18-35 years (<18 need a co-applicant)
- Minimum 50% marks required in the last qualifying exam
- Need a stable credit history. Preferred CIBIL score is >650
- Property collateral is required for loans above INR 7.5 lakhs
- Academic documents - marksheets, admission letter, course fee structure
- KYC documents - Aadhar card, PAN card, passport, voter ID, driving license
- Financial documents - Salary slip (3 months), ITR (2 yrs), bank statement (6 months)
- Loan security documents - property papers (loan >7.5 L), margin money proof
- I-20 for USA, CAS for UK, visa application copy, & GRE/TOEFL/IELTS scorecard
Explore ICICI Edu Loans for UG
ICICI Bank’s undergraduate education loans cover global universities, offering collateral-free funding, fast approvals, and flexible repayment.
Undergraduate ICICI Education Loan
Thousands chose ICICI via GradRight for their UG loans, and benefitted from competitive rates and streamlined approval processes to save lakhs.
200,000+
students assisted
₹16,300 crore
loan requests processed
₹2,000 crore
disbursed in loans
Check the ICICI Bank student loan options and kickstart your international education journey today.
Frequently Asked Questions
What is the current interest rate for ICICI Bank education loan?
ICICI Bank education loans vary from time to time. In general, for non-collateral loans, rates range from 11.25% to 12.75%. For loans backed by a collateral security, interest rates start at 10.25%.
What documents are required to apply for an ICICI Bank education loan?
Required documents include:
- Student identity proof (Aadhaar, PAN, Passport)
- Residence proof
- Academic records
- Admission letter
- Two passport-sized photos
- Co-applicant income and identity proofs
- Collateral documents (if applicable)
How can I compare ICICI Bank education loans with other banks?
You can compare ICICI Bank education loans with other banks via GradRight. Create a profile on GradRight to compare loan offers from 15+ Indian and international lenders.
What is the maximum secured loan amount under ICICI Bank education loan?
With an ICICI Bank education loan, you can borrow up to ₹75 lakhs without collateral for domestic courses. For higher amounts—up to ₹1.5 crore—you’ll need to pledge collateral. This answers what is the maximum secured loan amount for studying in India under ICICI Bank education loan.
How do you apply for an ICICI Bank abroad education loan?
To get an ICICI Bank abroad education loan, first secure your admission and fee breakup. Then visit ICICI’s portal or a branch, fill out the ICICI education loan for abroad form, and submit your offer letter, academic records, and co-applicant proofs. You’ll see tailored offers for your ICICI Bank abroad education loan.
Can you get an ICICI Bank education loan without collateral?
Yes. ICICI offers ICICI Bank education loan without collateral up to ₹25 lakhs, subject to your profile. You’ll pay a slightly higher ICICI Bank education loan interest rate—typically 11.25%–12.75%—compared to collateral-backed loans starting at 10.25%.
