Education and Career Forum

Dear Sir/Madam, I want to apply for an education loan for studying MBA course. I would like to know that if I apply an education loan from ICICI Bank then what benefits are available for me? Please let me know about this asap.

Originally Posted by Unregistered

Dear Sir/Madam, I want to apply for an education loan for studying MBA course. I would like to know that if I apply an education loan from ICICI Bank then what benefits are available for me? Please let me know about this asap.

Some of the main benefits available in ICICI Bank education loan scheme are given below:

Students can get up to Rs 1 Crore under ICICI Bank education loan scheme

No restrictions on part payment or prepayment

No margin required for education loans up to Rs 20 Lakhs

Expenses like student exchange travel expenses, laptop are covered under ICICI Bank education loan

Pre-Visa disbursal for students applying for the abroad studies

The ICICI Bank website link is given Click Here

Benefits of applying for an Education Loan in ICICI Bank for MBA aspirant:

Low interest rate

Less paperwork

Faster Disbursal

No prepayment charges

No pre-closure charges

No margin money required for loans up to Rs. 20 lakh

Other expenses like student exchange travel expense, laptop also covered.

ICICI bank is a private sector bank and they usually offer interest rate same as other private sector banks with not much difference. Hence, there are no benefits of any kind offered specially by the bank.

It would be better to apply at a PSU bank to get a better interest rate and if you want good customer service, then the private sector bank will be useful.