Get upto 1 cr instant education loan for students

admin | 2021-07-20
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Education Loan Sanction Letter on a Click Now. Instant Education Loan, a pre-approved Education Loan offer for ICICI Bank customers without the hassle of any paper work.

This facility significantly improves customers’ convenience as they are no longer required to visit any branch multiple times to get their sanction letter. Now, they can generate the final sanction letter themselves with just few clicks through digital channels of the Bank like Internet banking facility.

While you plan to finalise your admission in your dream University, you can also generate your sanction letter in just a few clicks, from the comfort of your home and know about financing your studies.

  • Pre Approved Instant Sanction: Customers get access to instant sanction letter online from the comfort of their home for their Pre Approved Education Loan.
  • Loan Amount Without Collateral: Unsecured Loan amount Up to Rs 50 Lakhs
  • Tax benefits: Education loan comes with a tax benefit under SEC(80E) for complete interest paid (100%), without any upper limit. This benefit brings down the effective rate of interest. Check details on Tax Benefit Calculator.
  • Wide range of loan amount: Minimum loan amount is Rs. 1.0 lakh for both international and domestic education loans. Maximum loan amount is Rs. 1 crore for international and Rs. 50 lakh for domestic education loan.
  • Ease in applying: Customers can apply for education loan through internet banking facility of the Bank with just a few clicks.
  • Turnaround time: This instant facility brings down the time for Education Loan sanction from a few days to a few minutes

How to check your offer:

  • Log into Internet Banking
  • Check your offer under the pre-qualified offers, select Education Loan and click on Instant Sanction
  • Next, fill in the required details and customise your loan as per your need.
  • Agree to the terms & Click on Submit
  • Enter the OTP to initiate the payment of the Processing Fee and click on Pay now
  • Your pre-approved loan will be sanctioned in a minutes

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