ICICI Bank Education Loan

The ICICI Bank Education Loan is a commercial student loan product for students from India pursuing higher studies abroad. It offers secured and unsecured loan options with borrowing limits up to ₹1 crore and interest rates linked to the RBI repo rate. The product features an online application process, release of funds before visa approval in some cases, and support options for visa refusal. Collateral requirements and loan margins vary by loan type and institute category.

Loan amounts up to ₹1 crore; competitive interest rates (secured loans starting at 9.00% p.a.); online application; funds may be released before visa approval; options for secured and unsecured loans.

Students from India planning to pursue higher studies abroad; eligibility considers factors such as university ranking, course prospects and availability of collateral for secured loans.

Online application via the provider/agent platform with required documents and collateral for secured loans; WeMakeScholars offers application assistance and a signup portal.