ICICI Bank Education Loan 2026: A Complete Guide

Want to pursue higher education and are worried about finances? ICICI Bank offers education loans up to  INR 3 crore for studying abroad and INR 1 crore for domestic studies. It covers tuition fees, hostel rent, travel costs, and living expenses. ICICI Bank Education loan interest rate starts from 11.25%.

Every student wants to study abroad under an experienced faculty team but the expensive fees hold them back. For certain universities and courses, tuition fees can go into crores. Only selected education loan providers in India such as ICICI Bank can offer such high loan amounts to students. Under the ICICI Bank education loan, students can borrow up to INR 3 crore for studying abroad and up to INR 1 crore for studying in India.

This student loan covers expenses like tuition fees, hostel rent, and other living costs so that you can focus on your studies without incurring a financial burden. ICICI Bank Education loan interest rate​ starts from Repo Rate + 3.75% onwards.

Additionally, the moratorium period is 12 months after course completion, giving you the flexibility to focus on your career without the immediate pressure of repaying your education loan. This article is a comprehensive guide to ICICI Bank education loan for studying abroad and in India.

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ICICI Bank Education Loan

The ICICI Bank is the second largest private sector bank in India, after HDFC Bank. It offers student loans that cover the needs of students pursuing different courses in various countries. Students can opt for either secured or unsecured education loans according to their eligibility. The best part is that application process for ICICI Bank education loan is simple and hassle-free. Let’s have a quick look at ICICI education loan 2026:

Features of ICICI Bank Education Loan for Abroad Studies

Students explore government education loan schemes offered by the bank before choosing any. Here, we have mentioned few features of choosing ICICI education loan for abroad studies.

• High education loan amount of up to INR 3 crore for studying abroad.
• ICICI Bank study loans are available for students pursuing education in Canada, USA, Australia, Germany, UK, and India.
• The global banking network of ICICI Bank makes fee payments easier for students.
• A fully digital application process helps you to remove the hassle of documentation work.
• Eligible students can avail up to INR 1 crore under ICICI bank education loan without collateral.

ICICI Bank Student Loan Eligibility

So, can anyone apply for an ICICI Education Loan? Well, that’s not true! Students need to fulfil some basic eligibility for study loans. Here, we have mentioned point-wise eligibility announced by ICICI Bank.

• Age: Students age should be between 16 years to 35 years.
• Excellent Academic Record: Must have a proven academic history and have completed 12th Standard) or Diploma.
• Courses Covered: Graduation, Postgraduate Degree, or PG Diploma in professional education.
• University Type: The university or college should be well recognized in India or abroad.
• Standardized Test Score: Entrance exam results which helped students to get admission in the university such as GMAT, GRE, TOEFL, and IELTS scores
• Co-borrower: Father, Mother, Brother, Sister, Spouse (Husband/Wife), Grandparents, Parents-in-law, and Maternal/Paternal Uncle can be a co-applicant.
• Collateral Type: Your property (House or Flat), fixed deposit (FD) or existing ICICI Bank Home Loan for cross-collateral

Apart from this eligibility for ICICI bank education loan, the bank may ask you to complete other conditions which depend on your profile.

Related Reads:

• Education Loan Eligibility
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ICICI Bank Education Loan Application Process

To apply for this student loan offered by ICICI Bank, students can follow the steps mentioned below:

Documents Required for ICICI Education Loan

You are eligible and understand the application process. Now, let’s have a quick look at the list of documents required to apply for an education loan from ICICI Bank.

• A duly filled online Application Form
• 2 Passport-size photographs of Candidate
• Academic transcripts or certificates as proof of academic qualification.
• Admission letter from the university/college.
• Cost of studying abroad.
• PAN Card of the Candidate and co-applicant.
• Residence proof: Aadhaar Card, Voter ID, Passport or Driving Licence.
• Income proof: Salary slip and FORM 16 of applicant or co-applicant.

Other than this, the bank will ask you for other documents for education loan approval. To ensure a smooth process, it's best to read all instructions carefully and respond promptly to the bank's emails and calls.

ICICI Bank Education Loan interest rate​

According to official website of ICICI Bank, the starting ROI for student loans is Repo Rate + 3.75% onwards. This means the interest rate is linked to the bank's current Repo Rate, which can change. As of December, 2025, the starting rate ranges approximately between 5.50% to 10.25% depending on your profile. It is always suggested to visit the official ICICI Bank website or contact a branch to get the exact interest rate applicable to your specific profile.

Education Loans By Other Banks

That’s all from our end. We have tried to cover entire relevant information for a student who wants to borrow an education loan from ICICI Bank for abroad studies. Contact India’s leading education loan providers through Shiksha Study Abroad Counselling Services. Also, do write to us in the comments below.