Question 1

Is a Private Bank Education Loan Safe for Students Wanting to Study Abroad?

Accepted Answer

Yes, private banks are completely safe for education loans. You can apply for it through Student Cover, and our loan assistants will help you get the best deals on your ICICI bank loans with the lowest ROIs.

Question 2

What is The Procedure for Getting an Education Loan?

Accepted Answer

The procedure for applying for an education loan from Student Cover is easy: visit Student Cover's official website, fill up the form, submit your documents, wait for your documents to be verified, discuss the final loan amount, payment procedure and EMI, then pay your processing fees and get your loan sanctioned.

Question 3

Is ICICI Bank RBI-approved?

Accepted Answer

Yes, ICICI Bank is RBI-approved. It is also designated as a domestically systemically important bank. Therefore, you can ask for a loan from this bank without any worries.

Question 4

What is a Collateral Loan?

Accepted Answer

A collateral loan is a kind of loan where one has to mortgage their immovable property or asset. These loans are secured loans, and thus, your loan amount is higher.

Question 5

What is a Non-Collateral Loan?

Accepted Answer

A non-collateral loan is a kind of loan where you don't have to produce any property or asset to get the loan. But to get a non-collateral loan, you must present proof of income to prove that you are eligible for it.

Question 6

Can I get a 50 lakh loan from ICICI Bank?

Accepted Answer

Yes, you can get up to ₹3 Cr education loan from ICICI Bank. So, just get in touch with Student Cover, and our loan buddy will ensure that you get your desired loan amount in no time.

Question 7

What is the Minimum Interest Rate of ICICI Bank?

Accepted Answer

The minimum interest rate of ICICI Bank is 11.25%. If you want your ROI to be 11.25%, connect with our loan buddies, and they will ensure that your interest rate is according to your convenience.

Question 8

Which Bank is Best to Ask for an Education Loan?

Accepted Answer

ICICI Bank is a good option for taking an education loan. However, connecting with it directly can be time-consuming, as there's a long waiting list. If you connect with it through Student Cover instead, your chances of receiving your desired amount increase, and the process becomes easy and hassle-free.

Question 9

How Many Days Would It Take for My ICICI Education Loan to Get Approved?

Accepted Answer

If you apply through Student Cover, your loan will get approved and processed in 3 to 5 business days. So, apply for an ICICI education loan only through Student Cover for quick disbursal.

Question 10

What is the interest rate for collateral and non-collateral ICICI education loans?

Accepted Answer

The interest rate for collateral loans ranges from 9.75% to 11%, while non-collateral loans range from 10% to 13%.

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