GOOD NEWS! Get INSTANT sanction letter for an education loan up to Rs 1 crore with ICICI Bank - check key benefits here

An ICICI Bank customer can get an instant sanction letter for an education loan up to Rs 1 crore against one's fixed deposit in a completely hassle-free manner.

Instant education loan with ICICI Bank. Source: PTI

Instant Education Loan ICICI Bank: The dreams of pursuing higher studies is no longer a problem. An ICICI Bank customer can get an instant sanction letter for an education loan up to Rs 1 crore against one's fixed deposit in a completely hassle-free manner. One can also get further details bout the education loan by logging on to the official website of the ICICI Bank at icicibank.com.

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The ICICI Bank in a recent tweet has mentioned about obtaining hassle-free education loan online. The tweet said, "Fulfill your dreams of a higher education with #ICICIBank. Get an instant sanction letter for an education loan up to ₹1 crore against your fixed deposit in a completely digital and hassle-free manner with #ICICIBankInstaEduLoan. Know more here: bit.ly/3dkJZOH."

Fulfill your dreams of a higher education with #ICICIBank. Get an instant sanction letter for an education loan up to ₹1 crore against your fixed deposit in a completely digital and hassle-free manner with #ICICIBankInstaEduLoan. Know more here: https://t.co/iloQnquGX1 pic.twitter.com/c2A2m1u5rw

— ICICI Bank (@ICICIBank) July 16, 2021

This facility from the ICICI Bank significantly improves customers’ convenience as they are no longer required to visit any branch multiple times to get their sanction letter. Now, they can generate the final sanction letter themselves with just few clicks through digital channels of the bank like Internet banking facility.

According to the ICICI Bank website, the key benefits of the loan are as follows:

1) Pre Approved Instant Sanction: The customers get access to instant sanction letter online from the comfort of their home for their Pre Approved Education Loan.

2) Loan Amount Without Collateral: Unsecured Loan amount Up to Rs 50 Lakhs

3) Tax benefits: Education loan comes with a tax benefit under SEC(80E) for complete interest paid (100%), without any upper limit. This benefit brings down the effective rate of interest.

4) Wide range of loan amount: Minimum loan amount is Rs. 1 lakh for both international and domestic education loans. Maximum loan amount is Rs. 1 crore for international and Rs. 50 lakh for domestic education loan.

5) Ease in applying: The customers can apply for education loan through internet banking facility of the Bank with just a few clicks.

6) Turnaround time: This instant facility brings down the time for Education Loan sanction from a few days to a few minutes

For further details, one can login to the official website of ICICI Bank at icicibank.com.

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