Education In India
Institute & University
 
   
ICICI Bank Education Loans

ICICI stands for Industrial Credit and Investment Corporation of India Limited that are offering various types of loans for different purposes like home loans, property loan, two wheeler loan, car loan, education loan etc From its opening till now it maintains favorable and positive image in the financial market. It is one the famous bank that provides different types of loan that enables people to satisfy their day to day needs and wants.

There are some rules and regulation according to which ICICI offer education loan to pursue higher education. Like 14.75 % is the rate which ICICI charge on the loan amount that revised in coming days. ICICI bank gives you 18 month to repayment of interest of loan. During this period Rs. 2458 is the monthly installment that students have to pay. After this Moratorium period you have option to repayment of loan in 2yrs, 3yrs and 4 yrs. In case of 2 yrs your monthly installment is Rs 9674 that if from 19th months to 42 months, for 3 yrs your monthly installment is Rs 6909, for 3 yrs your monthly installment is Rs 5541. There is not a single processing and foreclosing loan fees. Students need to their nearest ICICI bank branch with admission letter and course fee proof along with other required documents. In the required documents one has to submit its residence proof, signature proof, ID proof and qualification proof. In case of co- applicant one has to submit his or her income proof, ID proof, residence proof, signature proof and updated bank statement of 6 months from the date of application.

There are various types of expenses covered by ICICI bank like course and supplementary expenses such as course material, boarding and lodging expenses and expenses related to education. Worldeduhub is a site with the aim to provide detailed information regarding education in India and abroad. With this point of view this section brings complete information about ICICI bank education loan.