A lot of Indian kids want to go to college abroad, but they can’t because they can’t afford it. The Ministry of External Affairs says that in 2024, more than 1.3 million Indian students were learning abroad. The USA, UK, and Australia were some of the most popular places to go. The ICICI overseas education loan is a good way to get the money you need to pay for school because tuition and living costs are going up.
Why Choose ICICI Overseas Education Loan?
The ICICI overseas education loan is meant to cover costs like tuition, living costs, travel, and other school-related costs. It has flexible repayment terms and low interest rates, which make it attractive to students who want to go to universities around the world. Parents and kids often have trouble with the initial costs, and this loan gives them a structured way to handle their money. Along with helping students plan their courses, Eduloans’ counseling services can also guide them in finding the right financial aid and education loan for study abroad.
Education Loan for USA: A Pathway to Top Universities
Over 300,000 Indian students study in the USA every year, making it the most popular place to study in the world. An ICICI Education Loan for USA pays for tuition at well-known universities like Harvard, MIT, or state universities. It also pays for housing and travel.
Important features of an Education Loan for USA include the following:
- Prime institutions can get loans of up to INR 1 crore.
- Options with no collateral for some colleges.
- A grace time that lasts up to six months after the course is over.
Students who want to go to school for business or STEM fields often have jobs after college that make it easy to pay back their study loan in USA from India.
Study Loan for UK: Accessing World-Class Education
Every year, thousands of Indian students come to the UK to study at universities like Oxford, Cambridge, and the London School of Economics. The ICICI Study Loan for UK is designed to cover not only education fees but also high living costs, which can be more than £12,000 a year.
A Study Loan for UK is chosen by students because
- Quick approval times to meet short visa dates.
- Money for health insurance and school supplies.
- Different ways to pay back the loan based on job chances in the UK after graduation.
The study loan for UK in India makes sure that students can focus on their studies instead of worrying about money while they get degrees that are recognised around the world.
Study Loan for Australia: Supporting Affordable Global Learning
Australia has become a popular place because its tuition is cheaper than in the US and UK and it is easy to get a job after finishing school. People who want to go to universities in Australia, like Melbourne, Sydney, or Monash, should get a Study Loan for Australia from ICICI.
The following are the benefits of A Study Loan in Australia:
- School, travel and living money.
- Various payback conditions and low interest rates.
- Specified student rules in courses that are based on research or practice.
Students can arrange their studies without worrying about funding when they choose the education loan for study in Australia.
Conclusion
For students who want to study abroad, the ICICI bank education loan comes in three different types to meet their specific financial needs: an Education Loan for USA, a Study Loan for UK, and a Study Loan for Australia. As the cost of education around the world rises, ICICI offers a safe and open way to fund your dreams of going to study abroad.
If you’re ready to take your academic journey to the next level, explore Eduloans students who want to study abroad can access personalized services and expert counseling to make the process seamless.
Yes the loan may be accessed to take care of any other extra costs of scholarships like travelling, food or accommodation.
When this happens, neither the loan money is given out nor will you be required to pay them back.
Yes, students have an option to pay simple interest or half EMIs in the course which will make the post-graduate financial load less.
No, ICICI does not take the prospective part time income into consideration; repayment ability is estimated by co-applicant income or security.