ICICI Bank iSMART Education Loans

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%

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

• 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.