Loans

ICICI Bank

icici

Applicable academic year

2024-2025

Loan Amount

Min ₹ 1 Lakh and Max Up to ₹ 1 Crore

Unsecured loan amount

₹ 1 Crore

Rate of Interest*

10.25% (REPO+ 3.75%)
Current Repo as on date is 6.50% https://www.rbi.org.in/

Type of Interest

Floating Rate of Interest linked to RBI’s Repo.

Processing fee

0.75% + GST

Margin

No margin

Repayment Type in Moratorium

Simple Interest / EMI /Full Moratorium

Repayment Period after Moratorium

10-12 Years after Moratorium

Principal /Moratorium period

Course Period + Up to 12 Months (Case to Case basis)

Pre-payment Charges

NIL

Part Payment Charges

NIL

Fore Closure Charges

NIL

Collateral/Security for Secured loan

House, Flat, Fixed Deposit and Existing HL with ICICI Bank can be Cross collateral

Insurance available (Optional)

ICICI Prudential/Lombard

Disbursement frequency

As per Institute, fee payment schedules.

Disbursement of Loan

Fees will be transferred directly to the Official Institute Payment Fee Account.

Co-borrower Relationships Accepted

Father/Mother/Spouse/Brother/Sister/Parents In Law /Grand parents

Co Applicant (Financial) Not Required

For Applicants with 2 years or more work experience, financial co- applicant is not required.

Co-Borrower Locations Accepted

As per the Bank’s Listed Location

Sapphiro Credit Card Offer

• Get 20,000 Reward Point every anniversary year
• 2 Complementary International Airport Lounge per year
• 4 Complementary Lounge access per quarter at select airport lounges
• Up to 4 complementary rounds of Golf every month
• Reward Points for domestic and international spends.

Contact Person

Prabhuchand Renukuntla
9182827488
prabhuchand.renukuntla@icicibank.com
Hyderabad

 

Apply directly scanning the below QR Code

Note: This is a special pricing rate linked to repo rate and applicable until further notice. Information concerning any of the above rates of interest and other loan conditions are subject to change. All loan sanctions are subject to bank’s internal policy from time to time.