Eligibility
- Open for Indian students only.
- Applicants must be willing to pursue higher education in abroad countries like the USA, Canada, UK, Australia, New Zealand, Germany, France, etc.
- Applicants must be top scorers of GRE/GMAT entrance test.
Benefits:
The candidates applying for ICICI Bank iSMART Education Loans will get the following benefits –
- Loan amount of up to INR 1 Crore for higher studies abroad to cover all educational expenses like tuition fees, hostel and living expenses (on & off campus)
- Unsecured loan amount of up to INR 40 Lakh
- 100% income tax benefit for interest paid under Section 80E of IT Act
- Savings of 4.5% on TAX Collected at Source (TCS) on Remittance through Education Loan
- iSMART gives 100% LTV for the collateral security compared to LAP which is only 65%
Documents
The following documents must be uploaded by the applicant at the time of application –
- Two recent passport size photographs (Self-attested)
- Address proof (Aadhaar Card/Driving License/Passport/Voter ID Card/NREGA Job Card, etc.)
- Photo identity proof
- Date of birth proof
- Signature verification
- Academic documents
- Proof of admission
- Fee structure
Furthermore, the co-applicants need to upload the following documents –
- Two recent passport size photographs (Self-attested)
- Address proof (Aadhaar Card/Driving License/Passport/Voter ID Card/NREGA Job Card, etc.)
- Photo identity proof
- Date of birth proof
- Signature verification
- 8 months bank statement
- Income proof
- Collateral documents
- Relationship proof
How can you apply?
- Click the ‘Apply Now’ button below.
- Login to Buddy4Study with your registered ID and land onto the ‘Application Form Page’.
- If not registered on Buddy4Study – Register at Buddy4Study with your Email/Mobile/Gmail account.
- You will now be redirected to the ‘ICICI Bank iSMART Education Loans’ application form page.
- Click on the ‘Start Application’ button to begin the application process.
- Fill the required details in the online application form.
- Upload relevant documents.
- Accept the ‘Terms and Conditions’ and click on ‘Preview’.
- If all the details filled in by the applicant are correctly showing on the preview screen, click on the ‘Submit’ button to complete the application process.