ICICI Bank has launched ‘Insta Education Loan' where customers will get instant sanction letter for education loans upto Rs 1 crore to finance higher studies for themselves or their children, siblings and grand-children in accredited colleges and universities across the world. This first-of-its-kind facility enables lakhs of pre-approved customers to take education loans in a fully digital process against their fixed deposits with the Bank. They can furnish the sanction letter to the educational institute to confirm their admission.
ICICI Bank is India’s largest private sector bank by consolidated assets. ICICI Bank’s subsidiaries include India’s leading private sector insurance, asset management and securities brokerage companies, and among the country’s largest private equity firms.