currency icon
Sterling Pound
Australian Dollar
Euro
Singapore Dollar
US Dollar
UAE Dirham
Thai Baht
New Zealand Dollar
South Korean won
Indian Rupee
Canadian Dollar
Malaysian Ringgit
South African Rand
Swiss Franc
Czech Koruna
Polish Zloty
Costa Rican Colón
Guatemalan Quetzal
Nicaraguan Córdoba
Panamanian Balboa
Israeli Shekel
Argentine Peso
Brazilian Real
Chilean Peso
Colombian Peso
Peruvian Sol
Mexican Peso
Boliviano
Turkish Lira
Japanese Yen
New Taiwan Dollar
Indonesian Rupiah
Hong Kong Dollar
Romanian Leu
Philippine Peso
Norwegian Krone
Vietnamese Dong
Ukrainian Hryvnia
Russian Ruble
Renminbi
Hungarian Forint
Omani Rial
Swedish Krona
Danish Krone
Egyptian Pound
Bahraini Dinar
language icon
English
whatsapp icon
phone iconarrow-down
UK - +44 (0) 20 3871 8666
AU - +61 (0) 2 8311 4096
MY - +60 (0) 3 3099 2504
IN - +91 (8) 0 6989 3500
ICIC Bank

ICIC Bank

iSMART Service

ICIC Bank iSMART service providers Loans to Indian Students studying in abroad countries like the USA, Canada, UK, Australia, New Zealand, Germany, France etc. Most loans cover all expenses like Tuition fees, accommodation and living expenses. The service provides 100% Income Tax benefit for interest paid under SEC 80E of IT Act. TCS benefit can be availed, where the student will only pay 0.5% on remittance as TAX instead of  4.5% in a Self-funding scenario.  iSMART gives 100% LTV for the collateral security compared to LAP, which is only 65%. 

ICIC Loan Features

  • Up To Rs 1 Crore loan amount for a student studying abroad

  • Unsecured loan amount of Rs 40 Lakhs for CAT A1 & Rs 20 Lakh for CAT A2

  • Interest to be paid during the course + 6 months after

  • Repayment tenure up to 15 years

  • Rate of Interest starting from 9.50% for Premier Institutes, 10.50%* for Secured and 11.99%* for other Institutes

  • 1% of the loan amount processing fees

  • Unsecured loan of 20 Lakh for 270+ institutes in Canada