ICICI Bank iSMART Education Loans 2024 Details, Apply Online

By | January 11, 2024

iSMART Education Loans

Embark on an exhilarating global educational journey fueled by none other than ICICI Bank iSmart Education Loans, a prestigious initiative by the esteemed senior department of ICICI Bank. Explore bunch of opportunities through our Online Application form, unlocking doors to renowned overseas destinations such as Canada, USA, UK, Australia, New Zealand, and beyond. Say goodbye to financial concerns as you embrace a customized loan, offering an impressive amount of up to 1 crore rupees to cover all your educational expenses. Delight in the advantage of competitive interest rates, ranging from 9.25% to 12.25%, crafted to your chosen institution.

iSMART Education Loans OverView

Eligibility Criteria for Education Loan

  1. Only Indian students are eligible for this education loan.
  2. Student must be studying in abroad countries like USA, UK to pursue higher education.
  3. Student must have scored good marks in GMAT entrance test.

Benefits of this Loan

  1. Student will get a huge amount loan of 1 crore rupees for their educational expenses.
  2. The bank will provide a loan of 40 lakh rupees to the student even if the loan is unsecure.
  3. Student will get benefit of 100% income tax on their loan

Jyothi Sanjeevini Scheme 

Documents Required ICICI Bank iSmart Education Loans

  1. Their ID proof with signature verification, academic documents.
  2. Passport size photo , 8 month bank statement,  collateral documents, income proof.

UBI Teacher Login

Other Important Details

ProgramICICI Bank iSmart Education Loans
Education Loan AmountUpto 1 crore who study abroad and 40 lakh on unsecured loan
EligibilityMust be Indian and wants to pursue higher education in abroad
Selection criteriaMust have scored good marks in GMAT test
(Students Asked Questions)

Q. For this education loan, how much rate of interest will be charged ?

Ans The rate of interest ranges from 10.25% to 12.25% depends on their institutes

Q. Does student have to pay any fee amount to avail this loan?

Ans   Yes applicant has to pay 1% on their sanction amount + GST as processing fees.

Q. How much amount of loan can a student get ?

Ans Student can get loan amount of 1 crore rupees for their abroad studies and 40 lakh on unsecured loan

Q. How to apply for this education loan?

Ans You just have to hit on ‘apply now’ buttonand login with your registered ID and if you are not registered then you have to register yourself with your email or phone number. Then you will be directed to the application loan page and have to fill the required details in the application form.

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