Loans for Indian students
Education Loans Made Easy
Fund Your Education in Germany with Expatrio and ICICI Bank.
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Loans up to Rs. 2 crore for international studies
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Flexible repayment options
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Save income tax under section 80E on interest paid (under old tax regime)
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Pre-admission sanction letter
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Special product offering for government employees, CXOs and professionals with 2 years of work experience
Easy, Quick and Reliable
Loans designed with your requirements in mind!
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No margin for premium institutes
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Quick & simple process
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Seamless remittance to international institutes
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Complete digital journey
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Fill in the callback form and ICICI Bank’s team will take you through the process.
Calculate your monthly instalment**
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Know your Equated Monthly Instalments (EMIs) based on various repayment options
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Know your tax savings on interest
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Pay for education loan under Section 80E (under old tax regime)
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Assess your eligibility based on total education expense including tuition fee & cost of living
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Know the benefits of using FD as collateral to avail an education loan
Proud Partner of ICICI Bank
About ICICI Bank
ICICI Bank Limited is an Indian Multinational Bank & Financial Services Company headquartered in Mumbai with a registered office in Vadodara, India. It offers a wide range of Banking and Financial services for corporate and retail customers through various delivery channels and specialised subsidiaries in the areas of Retail Lending, Investment Banking, Life & Non-Life Insurance, Venture Capital and Asset Management.
ICICI Bank has a network of 6,000+ Branches and 17,000+ ATMs across India, has a presence in 17 countries and representative offices in overseas countries.
Expatrio Value Package
Simplify your move to Germany with Expatrio's Value Package! Get your mandatory Health Insurance, Blocked Account, free German Bank Account, plus other free benefits!
"My account was activated within 24 hours with Expatrio! Their commitment to efficient service was impressive, and have exceeded customer expectations. Now even after coming to Germany, I haven't faced any difficulty with my Blocked Account and I'm getting the amount timely!"
Naveen Upadhyay
Master's Degree in Hochschule- Trier University of Applied Sciences
Education Loan related FAQs
What is the eligibility criteria to apply for an Education Loan?
To apply for a student loan, Indian citizens must be 16 to 35 years of age with a good academic record and should have completed 10+2 or diploma.
If the applicant is enrolled in a recognized institute in India or overseas, loans are sanctioned based on pre-admission, entrance exam scores, 12th/HSC results, or confirmed admissions.
What are the courses for which one can avail an Education Loan?
Graduate/Postgraduate/Diploma courses in professional education from recognized and accredited institutes in India and overseas.
Can I avail partial fee as loan?
Yes, you can avail partial fee as Loan at any point of time during your studies.
Who can be my co-applicant?
Parents, brother, sister, spouse, father-in-law, mother-in-law, daughter-in-law, maternal and paternal uncle/aunt and grandparents can be your co-applicant.
Can I apply for an Education Loan if I do not have a co-applicant with income?
For postgraduate courses, applicants with 2+ years of experience can apply for a Loan with a non-financial co-applicant.
Will my scholarship be considered as margin money?
Yes. Scholarship awarded to the applicant from the institute will be considered as margin money.
How is the interest calculated on my Loan in moratorium period? Simple or compounded?
Simple interest will be calculated in the moratorium period.
Can I pre-pay my Loan? What will be the charges for pre-payment?
Yes, you can pre-pay your Loan any time. There are no charges for pre-payment.
When can I start repaying my Education Loan?
You can start repaying any time as soon as the Loan starts.
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Footnotes
[*] Up to €249 savings consists of: €49 cashback on Blocked Account set-up fees + up to €90 TK-Flex cashback + free travel health insurance worth up to €95 + free digital ISIC card worth up to €15. This offer is only valid for customers who apply for the Value Package. Expatrio reserves the right to cancel this promotion at any point in time. Special terms and conditions apply.
[1] Value Package customers can receive their €49 cashback after activating both their Blocked Account and Health Insurance.
[2] TK-Flex is an elective tariff and only available for eligible TK health insurance customers. Once the TK membership is activated, TK-Flex can commence. Expatrio will provide the customer with detailed guidelines on how to do this. Within TK-Flex, users have the option to deselect/opt out of services they do not need. In return, there is a cashback bonus of up to €90 per year. However, if the services are needed after all, TK customers can reactivate their health insurance coverage by paying a deductible of €24 per service (up to €120) per year. Please refer to our TK-Flex page for more information.
[3] Free Incoming/ Travel Health Insurance coverage for up to 92 days as part of the Value Package for eligible customers worth up to € 95.00.
[4] In the issue 07/2023, Focus-Money business magazine awarded TK “Best Student Health Insurance Fund”.
[5] DR-WALTER has been awarded the Super Star Award by the Study Travel Magazine.
[6] Without a Residence Permit, you will have temporary access to your Bank Account. By uploading your Residence Permit within the specified time frame (approximately 6 months) you will get permanent access to your Bank Account and all of the amazing benefits that come with it.
[7 ] Only available to selected countries.