Education and Career Forum

I am interested to study B.Tech and want to apply an Education Loan in ICICI Bank for this course. Kindly tell me the repayment holiday given to candidates after completion of there course?

The repayment holiday under ICICI Bank Education loan for pursuing B.Tech course is six months after completion of course or one month after getting a job, whichever is earlier. The repayment tenure for ICICI Bank Education loan is 5-7 years after commencement of repayment.

The repayment holiday under ICICI Bank education loan scheme for B.Tech course is six months after completion of the course or one month after getting a job whichever is earlier.

The loan amount should be repaid in 5 - 7 years after commencement of repayment in equated monthly installments based upon quantum of loan and repaying capacity.

Repayment holiday is also termed as moratorium period. The period in ICICI is of 1 year from the date of course completion or 6 months after getting a job whichever is earlier. This means if you will get 1 year time after course completion provided you do not join any job. Otherwise if you join any job, you will get 6 months of time.