Education and Career Forum

I want to apply an education loan in ICICI Bank. I want to do MBBS through this education loan from this bank. Can I know about the interest rates charges of this bank education loan?

Interest rate of Education Loan scheme in ICICI Bank is as follows.

ICICI Bank Student Loan Scheme Interest Rate for Female Students:-

11.00% Per Annum for ICICI Bank Education Loan Amount up to Rs. 4,00,000

11.50% Per Annum for ICICI Bank Education Loan Amount Rs. 400,001 to Rs. 750,000

12.00% Per Annum for ICICI Bank Education Loan Amount above Rs. 750,000

ICICI Bank Student Loan Scheme Interest Rate for Male Students:

11.25% Per Annum for ICICI Bank Education Loan Amount up to Rs. 4,00,000

11.75% Per Annum for ICICI Bank Education Loan Amount Rs. 400,001 to Rs. 750,000

12.25% Per Annum for ICICI Bank Education Loan Amount above Rs. 750,000

LOAN AMOUNT INTEREST RATE
Up to Rs 4 lakhs MCLR + 2% = 12.75%
From Rs 4 lakhs to
Rs7.5 lakhs if credit
guarantee coverage
provided MCLR + 3% = 13.25%
From Rs 4 lakhs to
Rs 7.5 lakhs if collateral
provided MCLR + 1.75% = 12.00%
Above Rs 7.5 lakhs MCLR + 1.75% = 11.30%