ICICI Bank iSMART Education Loan 2024 Apply Online and Interest Rate

ICICI Bank provides an opportunity for students to complete their education at their dream institution by providing them with ICICI Bank iSMART Education Loans 2024. If you desire to know more about the education loan provided by ICICI Bank then you are on the right page. In this article, we include each piece of information that is significant for you regarding the education loan. You may accumulate the eligibility conditions, benefits, online application process, and other important information from the further section of this article

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ICICI Bank iSMART Education Loan
ICICI Bank iSMART Education Loan

About ICICI Bank iSMART Education Loans

Going abroad for higher studies or desire to pursue an expensive cost in domestic? If the answer to the question is yes then here we have the important information for you regarding the iSMART Education Loan. It is not just a loan, it is an opportunity for the students to make their bright careers. The loan is provided by ICICI Bank at a very nominal rate of interest. If you desire to get an education loan then you must check out ICICI Bank iSMART education loan opportunity.

Also Read: NEET Scholarship Test 

Highlights Of ICICI Bank iSMART Education Loans 

  • Name of the scheme: ICICI Bank iSMART Education Loans
  • Launched by: ICICI Bank
  • Launched for: students
  • Benefits: education loan
  • Mode of application: online
  • Official site: ICICI Bank iSMART

Benefits Of ICICI Bank iSMART Education Loans 

  • Easy loan for higher studies at a minimum 9.50% interest rate to 12.99% maximum interest rate
  • The loan tenure period lies between 8 to 12 years
  • Loan amounts of up to 50 lakh for the domestic course and up to 1 crore for the international course
  • An unsecured loan will be given up to 20 lakh for under-graduation courses and up to 40 lakh for graduation courses from listed institutions

Eligibility Criteria

  • To apply for an education loan applicant should be an Indian student
  • Applicants must be willing to study at an institution University or College situated in or outside India like the USA, Canada, UK, Australia, New Zealand, Germany, France, etc. 
  • Applicant must have secured a good ranking in the GRE/GMAT entrance test.
  • The age of the applicant must be in between 18 to 35 years
  • Applicant must possess a 12th standard passing certificate from a recognized board
  • Applicants must have taken admitted in bachelor’s degree master’s degree or PG diploma program
  • The applicant’s parent or guardian must have a stable income source
  • Tangible collateral or guarantor is required depending on the loan amount
Documents Required
  • Duly filled and signed application form with affixed photographs
  • 2 photographs of passport size
  • Copy of exam mark sheets of 10th/12th or latest education certificate
  • Statement of course expenses/cost of study
  • Aadhaar Card and Pan Card of the Student and Parent/ Guardian
  • Age proof- copy of any of the following
    • Aadhaar Card 
    • Voter ID
    • Passport
    • Driving License
  • Identity proof- copy of any of the following
    • Voter ID
    • Aadhaar Card
    • Driving License
    • Passport
  • Resident proof-copy of any of the following
    • Rental agreement
    • Bank statement of 6 months of the student or co-borrower/guarantor
    • Ration card
    • Gas Book
    • Electricity Bill
    • Tel Bill
  • Income proof
    • Most recent salary slips or Form 16 of the parent/ guardian/co-borrower
    • 6 months bank statement of the borrower or updated passbook of bank
    • Updated ITR (Income Tax Return with income computation) of 2 years or IT assessment order of last 2 years of parent/co-borrower/guardian
    • Documents stating the assets and liabilities of the parent/co-borrower/guardian
Important Date

The last date to apply for the loan will be updated soon.

Also Read: SERB Overseas Postdoctoral Fellowship 

ICICI Bank iSMART Education Loans 2024 Application Procedure

ICICI Bank iSMART Education Loans 2022 Application Procedure
ICICI Bank iSMART Education Loans Official Website
  • From home page of the border go to the loan option and click on it
  • A further list will open from where you have to select popular loan option
  • Now choose other loan option and look for education loan
  • Select know more option and a new page will open on the screen
ICICI Bank iSMART Education Loans 2022 Application Procedure
Application Procedure
  • Read the information appears on the screen and choose Avail education loan now option
  • Select apply online option and application form will open on the screen
ICICI Bank iSMART Education Loans 2022 Application Procedure
ICICI Bank iSMART Education Loans Apply
  • Start filling the form, provide all the details as required
  • Upload the documents as listed above
  • Carefully review the application and if no changes required, submit it

Contact Details

  • Customer Care No. 180010180
  • Domestic Customers Travelling Overseas No. +91-22-33667777
  • For any grievances: 1800 1080
ICICI Bank iSMART Education Loan 2024 FAQs
What is ICICI Bank iSMART Education Loan 2024?

ICICI Bank iSMART Education Loan is a scholarship program for students who are unable to study due to weak financial conditions.

What are the benefits of ICICI Bank iSMART Education Loan?

Students will loan amounts of up to 50 lakh for the domestic course and up to 1 crore for the international course under this scholarship.

Who is eligible to get the benefits of ICICI Bank iSMART Education Loan?

All Indian citizens with 16 to 35 years of age and who have completed 10+2 or a diploma are eligible to apply under this scheme.

How much interest is applicable on ICICI Bank iSMART Education Loan?

Students will get a 9.50% interest rate to a 12.99% maximum interest rate on ICICI Bank iSMART Education Loan.

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