ICICI Bank Education Loan for Abroad Studies



7 days Loan Processing Time




Processing Fees

Processing Fees

0.5% - 1%



Upto 2 Crore

Non Collateral

Non Collateral

Upto 1 Crore

Repayment Tenure

Repayment Tenure

Upto 10 Years

Cosiger Needed

Cosiger Needed


Collateral Loans

Up to 2 crore

Non Collateral Loans

Up to 1 crore

Features of ICICI Bank
Education Loan Abroad

ICICI Bank offers one of the best education loans for studying abroad. It has no prepayment fees and no pre-closure fees. The bank understands the students' needs and offers highly competitive loans for education at low-interest rates.

It is a significant bank in the private sector and was founded in 1994.

ICICI offers a wide range of products and financial services. The bank supports the career goals of the students so that they can be exposed to world-class learning in prestigious colleges abroad. They do so by offering a collateral-free loan of up to Rs.40 lakh, tax savings on interest paid u/S 80(E), adjustable tenure, repayment plans, and competitive ICICI education loan interest rates.

FeaturesEducation Loan Details
Loan amount

Upto ₹2 Crore (Collateral)

Upto ₹1 Crore (Non Collateral)

Margin money


Interest rate


Processing fee

0.5% - 1%

Processing time

7 Working Days

Loan tenure

Upto 10 Years

Prepayment charges

No Charges*

Countries covered

ICICI Bank offers abroad education loans to study in over 35+ different countries across the world including the USA, Canada, the UK, Germany, Australia, Singapore, France, etc


Course Duration + 12 month*

Benefits of ICICI Bank Education Loan

Getting an ICICI Bank Study Loan for your studies abroad is better than loans from other banks because there's no extra money needed for loans up to INR 20 lakhs. In simple terms, the margin is the money borrowers must pay themselves, and the bank covers the rest. This means the ICICI Bank Student Loan will cover everything except tuition fees, housing, travel costs, and certain deposits. So, you won't have to pay anything extra for your education and related expenses.

  1. Loan Perks

    When you take an ICICI bank education loan, there are perks:

  2. No Co-Signer

    For students doing a PG course with 3+ years of experience, you don't need a co-signer.

How To Apply For ICICI Bank

Education Loan For Abroad Studies?

  1. You can get in touch with our team of experts by filling out the form on our website. Lorien will schedule a callback with you and guide you through the process.

  2. From helping you upload documents online to presenting it to the banks, Lorien will help you throughout the application process.

  3. Once all your documents are uploaded & KYC is done, you can expect your loan to get sanctioned within a few working days.

Why Choose Lorien To Get Education Loan From ICICI Bank?

  1. Higher Chances of Approval: Generally, banks dismiss education loan applications if they find any missing documents, property issues, or other issues. But with Lorien, you have access to experts who can reach out to the bank and help you resolve your queries on time.

  2. Ease of Use: Students can easily contact us by filling out a form on the website and our most trusted experts will reach out to them to help them with any query. The process is simple and efficient to make your study abroad dreams a reality.

  3. 100% Free Assistance: Our services are free of cost and we do not charge our students for helping them apply for their education loans.

  4. Quicker Loans: Our experts make sure that your education loan is sanctioned as early as possible. We also keep track of the application and make sure that all the requirements from your end are fulfilled.

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Eligibility Criteria For ICICI Bank Education Loan Abroad

  1. For borrowers

    1. Indian students studying at good universities for professional/technical studies.
    2. Full-time workers who've been with a company for 3+ years and want further studies at a good institute.
  2. For co-signers

    1. Co-signer must be Indian
    2. They must earn in India
    3. They need an Indian bank account for writing cheques
    4. They could be a parent, guardian, relative, or sibling
    5. Co-signer is seen as the main debtor.
  3. Eligible Courses

    1. ICICI Bank funds all undergrad and postgrad courses in India and abroad.
  4. Documents Required

  5. For Applicants

    1. ID Proof
    2. Address Proof
    3. Academic Records
  6. For Co-signer

    1. ID Proof
    2. Address Proof
    3. Financial Records

Expenses Covered in ICICI Bank Education Loan

  1. Tuition fees
  2. Hostel and mess fees
  3. Examination, library, and laboratory fees
  4. Insurance premium
  5. Caution deposits, building funds, and refundable deposits
  6. Reading material and uniform
  7. Travel expenses
  8. Laptop
  9. Admission acceptance fees
  10. Other expenses


Bringing answers to your questions

  • How much loan does ICICI Bank provide for studying abroad?

    ICICI Bank, in collaboration with Lorien, offers education loans of up to ₹1 crore with collateral and up to ₹40 lakhs without collateral. This partnership ensures students receive substantial financial support for their studies abroad through a streamlined application process facilitated by Lorien.

  • What is the interest rate on ICICI Bank's education loan for studying abroad?

    ICICI Bank, in partnership with Lorien, provides the best interest rates on education loans for studying abroad, starting from 9.5% per annum. The exact rate depends on various factors, and our collaboration ensures that students benefit the most from favorable terms.

  • How many days does ICICI Bank take to approve an education loan for studying abroad?

    ICICI Bank, in association with Lorien, ensures a fast and efficient approval process for education loans for you. Lorien's collaboration with ICICI facilitates a streamlined application procedure, ensuring timely approvals for our applicants.

  • Can I repay ICICI Bank's education loan for studying abroad early?

    Yes, ICICI Bank allows for the early repayment of education loans without any prepayment fees. Students have the flexibility to manage their loan repayment according to their convenience and financial capabilities.

  • How much loan does ICICI Bank provide without collateral for studying abroad?

    ICICI Bank offers collateral-free education loans for studying abroad, providing financial assistance of up to ₹40 lakhs without the need for collateral.

  • Is collateral required for ICICI Bank's education loan for studying abroad?

    ICICI Bank offers both collateral and collateral-free education loans. While collateral may be required for higher loan amounts, students can also benefit from loans without collateral, ensuring accessibility for a broader range of students.

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