EasyShiksha × UniCreds education loans

ICICI Bank education loan

One of India’s largest private banks, ICICI offers some of the highest collateral-free limits for students admitted to premier universities abroad. Apply free through EasyShiksha and a UniCreds expert does the legwork.

UniCreds lending partner

From 10% p.a.*
Up to ₹2 crore secured*
Up to ₹1 crore without collateral*
Private bank

20,000+ students have funded their studies with UniCreds

100% free

Check your ICICI Bank loan eligibility

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ICICI Bank education loan at a glance

One of India’s largest private banks, ICICI offers some of the highest collateral-free limits for students admitted to premier universities abroad.

Lender type: Private bank
Interest rate*: From 10% p.a., linked to the repo rate
Loan with collateral: ₹2 crore
Loan without collateral: ₹1 crore
Processing fee: 0.5% – 1% + GST
Margin money: Nil for premier institutes; nil up to ₹20 lakh for others
Repayment tenure: Up to 14 years
Moratorium: Course duration + 1 year
Prepayment charges: Nil
Countries: USA, Canada, UK, Ireland, New Zealand, Australia, Germany and more
Apply through: EasyShiksha × UniCreds (free)
Typical decision: After document check by the lender

Highlights, eligibility and documents

Highlights

Collateral-free loans up to ₹1 crore for premier institutes
Funds released before your visa (pre-visa disbursement)
Sanction possible before final admission
Covers living costs, a laptop and student exchange travel
Tuition paid straight to your university
Special loan products for Germany, UK and Canada
Tax benefit on interest under Section 80E

Who can apply

Indian citizen, 18 or older
Confirmed admission to an accredited university
Good academic record (around 60%+ in school)
Co-applicant with stable income: parent, parent-in-law, sibling, spouse or uncle

Documents

Student

Passport, PAN and Aadhaar
Address proof
Admission or offer letter
Mark sheets and transcripts
Test scores (GRE, GMAT, IELTS, TOEFL)

Co-applicant

PAN and Aadhaar
Salary slips or ITRs (2 – 3 years)
Bank statements (6 months)
Business proof if self-employed

Other

University cost-of-attendance statement
Scholarship letters, if any
Property or FD papers for secured loans

Form to funding in 5 steps

100% digital, with a real person helping you the whole way.

Share your plans

Where, what and when you want to study, and how much you need.
Chat with an expert

A UniCreds specialist calls and explains your options.
Upload documents

All online from home. No branch visits.
Get the best rate

Your expert negotiates with lenders for you.
Get sanctioned

Sanction letter in as little as 48 hours*.

ICICI Bank vs other lenders

Not sure this is the right lender? Compare starting rates and limits, or let your expert shortlist for you.

Lender	Type	Interest (p.a.)*	With collateral	Without collateral	Processing fee
ICICI Bank	Private bank	From 10%	₹2 crore	₹1 crore	0.5% – 1% + GST
Axis Bank	Private bank	From 9.5%	₹3 crore	₹75 lakh	0.5% – 1% + GST
IDFC FIRST Bank	Private bank	From 9%	₹2 crore	₹75 lakh	0.5% – 1%
YES Bank	Private bank	From 11%	₹2 crore	₹50 lakh	0.5% – 1%
Union Bank of India	Public sector bank	From 9.30%	₹75 lakh	₹40 lakh (listed universities only)	₹5,000, refundable
Punjab National Bank	Public sector bank	From 9.25%	₹2 crore	₹8 lakh	From 0.5%
Credila	NBFC	From 9.95%	No upper limit	₹75 lakh	0.85% – 1% of the loan
Avanse	NBFC	From 10.75%	₹2 crore	₹1 crore	0.5% – 1% + GST
Avanse Global	NBFC	From 10%	Not offered	Based on your profile	From 3.99%
InCred	NBFC	From 11.4%	₹2 crore	₹75 lakh	From 1%
Auxilo	NBFC	From 11.25%	₹2 crore	₹80 lakh	From 0.5%
Tata Capital	NBFC	From 11%	₹2 crore	₹75 lakh	0.5% – 1%
Poonawalla Fincorp	NBFC	From 10%	₹3 crore	₹1 crore	From 0.75%
Edgro	NBFC	From 11.5%	Not offered	₹1 crore	From 1%
FinZ	NBFC	From 10.75%	Not offered	₹75 lakh	0.75% – 1.25%
Prodigy Finance	International lender	Variable	Not required	Based on your course and school	From 5%
MPOWER Financing	International lender	From 12.99%	Not offered	Up to ₹95 lakh	Ask your loan expert

*As published by UniCreds, Oct 2026. Final terms depend on your profile and the lender’s assessment.

ICICI Bank education loan FAQs

What is the ICICI Bank education loan interest rate?

From 10% p.a., linked to the repo rate*. Your final rate depends on your profile, co-applicant, course and university.

How much can I borrow from ICICI Bank without collateral?

₹1 crore*, depending on your profile. With collateral: ₹2 crore.

What is the moratorium on a ICICI Bank education loan?

Course duration + 1 year. Repayment tenure: up to 14 years.

What is the ICICI Bank processing fee?

0.5% – 1% + GST*. Margin money: nil for premier institutes; nil up to ₹20 lakh for others.

How do I apply for a ICICI Bank education loan through EasyShiksha?

Fill in the free form on this page. A UniCreds loan expert checks your eligibility with ICICI Bank and other lenders, helps with documents and negotiates the offer for you.

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*Interest rates, sanction times, savings, loan amounts, fees and other terms are indicative, as published by UniCreds, and depend on the lender and on the student’s and co-applicant’s profile, course and country. Education loans are provided by banks and NBFCs through UniCreds Private Limited. EasyShiksha (EdSpectra Global Private Limited) refers students to UniCreds and does not lend money or guarantee any loan. Lender names and logos belong to their owners. Cost figures are approximate.