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ICICI Bank Personal Loan for Foreign education in Delhi NCR through LoanMoney

About ICICI Bank Personal Loan for Foreign education

Education is the most important investment one makes in life. Therefore, ICICI Bank Personal Loan through LoanMoney brings to you Education Loans, which aims to finance meritorious students who choose to pursue a higher education (professional or technical) in India and abroad. With opportunities growing across the globe, more and more Indian students are aspiring to study abroad at various universities. Studying abroad brings in promises of high-flying careers, with the sky being the limit. Institutions across the world offer a multitude of courses and students have various options to choose. Additionally, most universities offer scholarship programs and financial aid in some cases to students, which only improve their job opportunities. With growing aspirations, there is another responsibility that has to be fulfilled by students and their parents. 

Funding the foreign education is a major factor that affects the type of course that student enrolls for and also the institution selected. LoanMoney facilitates various schemes depending on the institution selected and the course of study from ICICI Bank Personal Loan. Education Loans through LoanMoney also facilitate the cost of boarding, lodging, tuition fees, Education and other related costs for the student from ICICI Bank Personal Loan. 

Features and Benefits of Higher Education Loan through LoanMoney

 Higher Education Loans can be availed to pursue higher studies both in India and abroad.

  • Enjoy long term repayment tenures for higher Education Loans.
  • A co-applicant is mandatory for a full time course.
  • Easy and hassle free documentation process.
  • You can enjoy a wide range of collateral options including residential property, fixed deposits, national savings certificate, LIC policy etc.
  • You can enjoy tax benefits by taking a higher Education Loan under section 80E of the Indian Income Tax Act 1981.
  • Banks like ICICI through LoanMoney also offers doorstep services.
  • The Education Loan gets directly disbursed to your educational institutions through LoanMoney.
  • LoanMoney facilitate the insurance protection.
  • You can use the amount received as higher Education Loan for paying off your college fee, hostel expenses and Education expenses, and purchasing books and computers etc. 

Documents required for Higher Education Loan through LoanMoney

  • ICICI Bank usually asks for the following documents from a student while accepting his/her higher Education Loan application through LoanMoney:
  • A copy of the letter of admission in a college/university.
  • A complete Loan application form with all required details included.
  • A few recent passport size photographs.
  • A statement containing the cost of study.
  • Copies of PAN card (applicable for both - student and parent / legal guardian).
  • Copies of AADHAR card – (applicable for both - student and parent / legal guardian).
  • Proof of identity. You can submit any of the following documents - driving license/ passport/ /aadhar or any photo identity as proof of identity.
  • You also need to submit your proof of residence. Documents like driving license/passport/electricity bill/telephone bill are accepted as proof of residence.
  • Last 6 months’ bank statement of the student/ co-borrower/ guarantor is required.

Features and Benefits of ICICI Bank Personal Loan

Get a Personal Loan without any security or guarantor with minimum documentation. Loan Disbursement within 72 hours of document submission.

  • Interest rate remains unchanged throughout the Loan tenure
  • Simple documentation - It can be accessed with minimal paperwork and documentation and doesn’t take much time.
  • Quick processing
  • Direct credit of the Loan amount through Fund Transfer (FT) 

Eligibility and documentation required for ICICI Bank Personal Loan

The eligibility criteria to avail Personal Loan from ICICI Bank Personal Loan&nbsp

  • Salaried individuals
  • Self-employed professionals including businessman, doctors, chartered accountants, etc. 

ICICI Personal Loan eligibility varies in case of salaried and self-employed individuals. Therefore, based upon your employment type, you can check your eligibility for ICICI Bank Personal Loans. 

Eligibility criteria for Salaried Individuals

If the applicant is a salaried individual then the following eligibility criteria will apply. 

  • The person applying for a Personal Loan from ICICI Bank must be of a minimum age of 23 years and a maximum age of 58 years.
  • The person must have a monthly income of Rs.17, 500 or more.
  • If the person resides in Delhi or Mumbai then they must have a minimum monthly income of Rs.25000 per month.
  • If the person is a resident of Bangalore, Chennai, Hyderabad, Kolkata or Pune then they must have a minimum monthly income of Rs. 20,000 per month.
  • The applicant must have a total of 2 or more years of work experience.
  • They should also have a minimum of 1 year of work experience with the current employer 

Eligibility Criteria for Self Employed Individuals and Working Professionals

If the applicant is self-employed then the eligibility criteria for an ICICI Personal Loan will be as follows: 

  • The minimum age for self-employed individuals is 28 years old and the maximum age is 65 years.
  • In case the applicant is a doctor then the minimum age is 25 years.
  • The minimum turnover of the business of the applicant must be, as per audited financial statements, Rs. 40 lakhs in case of non- professionals and Rs. 15 lakhs in case of professionals.
  • The minimum profit after tax should be Rs. 2 lakhs for self-employed individuals and proprietors while for non-professionals it has to be a minimum of Rs.1 lakh.
  • The person applying for the Loan has to have been in the current business for a minimum of 5 years. In the case of doctors, they need to have been in business for at least 3 years.
  • The applicant also needs to have had a relationship with ICICI Bank for a minimum of 1 year. This could be in the form of a savings or current account or even in the form of a Loan that is still being paid or was completed within the preceding 36 months. 

Documentation Required for ICICI Bank Personal Loan

List of documents for Salaried

  • Proof of Identity:- Passport / Driving License / Voters ID / PAN Card (any one)
  • Proof of Residence: Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
  • Latest 3 months Bank Statement (where salary/income is credited).
  • Salary slips for last 3 months.
  • 2 Passport Size photographs.
  • Proof of residence or office ownership.
  • Proof of continuity of business

List of documents for Self-Employed

  • KYC Documents: Proof of Identity; Address proof; DOB proof.
  • Proof of Residence:- Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
  • Income proof (audited financials for the last two years).
  • Latest 6 months Bank statement.
  • Office address proof. 

ICICI Bank Personal Loan Interest Rates 

Interest rates charged by ICICI Bank depend on factors like the borrower’s repayment capacity and purpose for funds and are some of the most competitive rates in India. 

ICICI Bank offers the option of repaying a Personal Loan through flexible EMIs, ensuring that repayment doesn’t become an additional financial burden. Read More 

Why choose LoanMoney for taking Education purpose Personal Loan from ICICI Bank

  • Easily Available– Getting ICICI Bank Personal Loan for Education purpose is not a tough task. ICICI Bank Personal Loan is offered at reasonable interest rates and it is easy and convenient to get Education Loan from ICICI Bank in comparison get Personal Loan from other Banks or NBFCs.
  • No Agent or Middleman Charges–In order to get Education Loan from ICICI Bank, you do not have to pay any agent or middleman charges. LoanMoney as your Loan Agency help you to avoid unnecessary delays and expenses.
  • Unsecured Loan–ICICI Bank Personal Loan is an unsecured Loan. There is no collateral security required in order to get this Education Loan from ICICI Bank. All that is required is your ability to pay back the money. You are not required to mortgage any of your assets or provide for any kind of guarantee. LoanMoney will try it best to ensure that ICICI Bank become sure of your re-payment ability and ICICI Bank will process the Loan.
  • Less Processing Time –LoanMoney guarantees that the processing time involved in getting Education Loan from ICICI Bank is very less.
  • Minimum Paperwork –LoanMoney ensures that getting Education loan from ICICI Bank does not require verification of any asset or any other kind of proofs and certificates that involve a lot of paperwork. 
  • Schemes and Offers –LoanMoney keeps you updated with special schemes and offers of ICICI Bank for professionals like Chartered Accountants, Doctors and Architects etc.
Loan Application


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Home Loan is a Secured loan offered against the security of a house/property which is funded by the banks and NBFCs the property could be a personal property or a commercial one. Home loans consist of an adjustable or fixed interest rate and payment terms.


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A Business Loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. Banks and other financial institutions are there to provide you with suitable lending assistance.

Different Purposes for Personal Loan through LoanMoney

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Home is the place where your story generates. Home Renovation Loans are designed for the purpose of renovating a house and can be taken by a person who owns the property to be renovated.

Disclaimer: LoanMoney is not a Loan Providing Organization. We are facilitating the Loan Process from various Banks & NBFC. The rate, eligibility criteria, term & conditions of various banks are subject to change as per bank discretion. We try our best to keep the data up-to-date, but we can't guarantee the accuracy of data provided in this site. LoanMoney help you to embark on your dream at the right time with many Banks/NBFC's Loan opportunities available! Follow a few simple steps to help LoanMoney team understand your requirements... read more

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