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ICICI Bank NRI Education Loan for Higher Education

  • Loan up to ₹3 Crore

  • Flexible repayment options

  • 0% TCS on remittances

  • Tax benefit under 80E

  • Collateral-free Education Loans available

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Things You Should Know About ICICI Bank Education Loan

  • Loan Amount

    Secured loan up to ₹3 crore. Unsecured loan up to ₹1 crore

  • Processing Fee

    Starts at 0.5% (plus 18% GST) or ₹30,000 (plus 18% GST), whichever is lower

  • Rate of Interest

    Secured loan: Starts at 3.25%* + Repo Rate

    Unsecured loan: Starts at 5%* + Repo Rate

  • Loan Tenure

    Up to 15 years (including course period)

About NRI Education Loan

What is an Education Loan?

An Education Loan assists students in funding their studies by covering expenses such as tuition fees, living expenses and other costs. ICICI Bank offers flexible repayment options, competitive interest rates and income tax benefits, making higher education more accessible.

How is an Education Loan useful?

Whether you are studying in India or abroad, ICICI Bank's Education Loan covers tuition fees, accommodation, travel and other academic expenses. With a simple online application process, funding your studies is now easier than ever.

Key Benefits of NRI Education Loan

Secured Loan up to ₹3 crore. Unsecured loan up to ₹1 crore

Loan includes tuition fee, living expenses & other costs

0% TCS on remittance

Fast processing

Flexible repayment options

Pre-admission sanction letter

Tax benefit under Section 80E

NRI ICICI Education Loan FAQs

What is the maximum loan amount I can get?

ICICI Bank offers Education Loans of up to ₹3 crore based on eligibility, college & course, including options for education loan for overseas studies. Collateral free education loans are offered up to ₹1 crore based on eligibility, college & course.

Can I avail tax benefits on my Education Loan?

Yes, you can avail tax benefits under Section 80E of the Income Tax Act on full interest paid.

Is collateral required to apply for an Education Loan?

ICICI Bank provides unsecured Education Loan of up to ₹1 crore.

What is the repayment tenure for an Education Loan?

You can repay your loan over a flexible tenure of up to 15 years, including the course period.

How can I apply for an Education Loan?

You can apply online by submitting the form, uploading the required documents and completing the verification process.

What is the processing fee?

The processing fee starts at 0.5% (plus 18% GST) or ₹30,000 (plus 18% GST), whichever is lower.

Disclaimer

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