Education loan: ICICI Bank is giving instant education loan up to Rs 1 crore to its customers.
Education loan: If you want to get higher education and are worried about money, then ICICI Bank has come forward to help you. It is giving instant education loan up to Rs 1 crore. The special thing is that this whole process is digital. You will not need to go to the bank for this. For more information, you can login to the official website of the bank at icicibank.com.
The bank has recently tweeted about the education loan. Which states that “Fulfill your higher education dreams with #ICICIBankInstaEduLoan, which provides instant approval letters for education loans up to Rs 1 crore. In a completely digital manner, know more here: bit.ly /3dkJZOH”. The special thing is that this loan is pre-approved for the customers of the bank and for this no paper work is required.
Fulfill your higher education dreams with #ICICIBankInstaEduLoan which offers an instant sanction letter for education loans upto Rs. 1 crore in a fully digital manner. Know more here: https://t.co/iloQnquGX1 pic.twitter.com/tPUUikTSzD
— ICICI Bank (@ICICIBank) July 29, 2021
Who can get instant loan for education?
Bank customers who have pre-approved loan offers and who are applying for higher education abroad or in Indian universities. They can get this Insta Education Loan without any collateral.
The bank has given this special facility for its customers so that they will not have to visit any branch again and again for the approval letter. They can generate the final acceptance letter on their own through internet banking and other online modes.
According to the website of the bank, the benefits of this loan
- Pre-approved and instant approval: Customers can access it online from their home.
- Loans without collateral: Unsecured loans up to Rs.50 lakh.
- Tax Benefit: Education loan gets tax benefit under section (80E) on its entire interest. There is no upper limit for this.
- Wide Range of Loan Amount: The minimum loan amount for both international and domestic is Rs 1 lakh. At the same time, the maximum loan for International is 1 crore and for domestic is Rs 50 lakh.
- Ease of Applying: For this, customers can apply for a loan through internet banking in just a few clicks.
- Less time: The work which used to take a few days in this facility is now done in just a few minutes.
- In this loan will be available without collateral, while the interest rate starts from 9.25 percent. However, the interest rate also depends on the repo rate, premier institutions and the specific customer segment.
How to check offer
- Login to Internet Banking
- If you are checking this offer, then check under pre-qualified offers, select Education Loan in it then click on Instant Sanction
- After filling all the details, choose according to your need.
- Submit after agreeing to the term.
- After this fill OTP for processing fee then click on Pay now.
- After a few minutes you will get the loan.
