Why For/Purpose /Objective:
ICICI bank education loan covers the course fee, other supplementary expenses set by the institute. Student must have the letter from the Institute which has the details confirming his admission and course fee along the other important documents. ICICI bank requires a confirmation letter from ICICI Prudential life stating that the students will get absorbed under the payroll of the company.
Quantum/ Amount of Loan
Studies in India – Rs.50000 toRs.4 lacs
Studies abroad - Rs.50000 toRs.4 lacs
Expenses Considered for Loan:
- Fee payable to College / Hostel, Examination / Library / Laboratory fee.
- Purchase of books / equipments / instruments.
- Caution Deposit / Building Fund, Travel Expenses / Passage.
- Purchase of computers.
Rate of Interest:
Studies in India – 13.75%
Studies Abroad – 13%
Repayment/ Tenures:
Repayment starts 1 year after course completion / 6 months after obtaining employment (whichever earlier)
Contact
Delhi Tel: 011- 41517954-58,
Bangalore Tel: 080- 41296007,
Chennai Tel: 040- 43002001/05/06,
Hyderabad Tel: 040- 23301534,55662345,
Kolkata Tel: 033- 22428537 /40024501,
Mumbai Tel: 022- 2327781.
Website
http://www.icicibank.com/
