Education and Career Forum

Respected Sir/Madam, I came to know that ICICI Bank provides an education loan. I really don’t know about this Education Loan scheme. I want to do BHMS course. Can anyone of you let me know about this Education Loan scheme of ICICI Bank?

Details of education loan

Those who are interested can apply for education loan in any of the bank provided they have got confirmation letter from a reputed college.

The admission has been taken on the basis of merit or entrance exam

One can apply for upto INR 10 lacs for Indian colleges and INR 20 lacs for abroad colleges

The college in which admission has been taken must have good placement record

For loans upto 4 lacs , no collateral security is required for loans above 7.5 lacs both collateral security and third party gurantee is required.

Every bank offers loan at varying rates of interest.

Application form can be filled either online or offline.