An Education Loan helps students fund academic expenses such as tuition fees, books, travel, accommodation, and other study-related costs. ICICI Bank offers loans for domestic and international studies with competitive interest rates and flexible repayment options. Learn more: Education Loan

Any Indian citizen who has secured confirmed admission to a recognised institution in India or abroad is eligible to apply.

The loan covers tuition fees, exam fees, books, laptop (if required), travel tickets, living expenses, and hostel charges.

Yes. ICICI Bank provides loans for undergraduate, postgraduate, professional, and PhD programmes abroad.

Graduate, postgraduate, diploma, professional, and technical courses recognised by NAAC / NBA / AICTE / UGC are eligible.

Yes, you may apply for a pre-admission sanction.

Applicants with work experience may apply with a non-financial co-applicant.

T&C apply.

Log in to iMobile Pay → Loans → View Statement.

Raise a request via customer care or visit nearest branch.

Applicants must be Indian citizens aged 16 years.

The maximum age is 65 years at the time of loan closure (on a case-to-case basis), with confirmed admission in recognised institutions.

The Eligibility Calculator helps you check how much education loan you can qualify for based on your co-applicant’s income, credit profile, existing EMIs and institute category. It gives an approximate eligible loan amount even before you apply.

The Education Loan EMI Calculator is an online tool that instantly shows your monthly EMI based on your loan amount, interest rate, and repayment tenure.

It helps you understand how much you will pay every month and plan your finances before applying for the loan.

The Tax Benefit Calculator estimates how much tax you can save under Section 80E on the interest paid toward your education loan.

It shows:

Annual interest paid

Eligible tax deduction

Approximate tax savings

This helps you understand your net out-of-pocket cost.

You can access all calculators—EMI Calculator, Eligibility Calculator, Loan vs Self-Fund Tool and Tax Benefit Calculator—from the Education Loan section on the Icici bank’s official website.

They are free to use and available 24×7.

Using calculators helps you:

Plan EMIs realistically

Choose the right loan amount

Understand interest and tax impact

Compare different loan options

Make a confident, informed decision

These tools ensure you choose a loan structure that fits your financial comfort.

The Interest Calculator shows the total interest you will pay across the loan tenure.

By entering the loan amount and rate of interest, the tool gives:

Total interest payable

EMI breakup

Impact of tenure change on interest

This helps you choose the most affordable repayment plan.

Yes, file upload uses secure encrypted channels.

Yes. ICICI Bank uses encrypted and RBI-compliant systems to safeguard data.

Via customer care, branch visit, or iMobile Pay app support.

PMVidyaLakshmi Government portal can be used. Click here

Up to 15 years including moratorium.

No. There are no prepayment or foreclosure charges.

During the moratorium period, simple interest is charged on the outstanding principal amount. A principal moratorium is provided as per applicable terms and conditions.

You can close your education loan through ICICI Bank Net Banking, the iMobile Pay app, or by visiting the nearest ICICI Bank branch, subject to full repayment of dues.

No, foreclosure or prepayment charges are not applicable on ICICI Bank education loans, subject to prevailing terms and conditions

Rates depend on course, institute category, applicant and co-applicant profile and loan type.

Click here for latest Interest rates