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ICICI Bank Education Loan Interest Rate November 2026
ICICI Bank advertises education loan rates starting from 8.5% per annum. For ₹20 lakh over 10 years that is an EMI of about ₹24,797 a month.
Source: ICICI Bank official page, checked on November 2026 (2026-11-01).
| Starting interest rate | 8.5% per annum |
| Applies to | Secured loans for select institutes in India; unsecured loans abroad from 10.25% |
| Processing fee | Not stated on the page we checked |
| Prepayment | No foreclosure charges |
| Maximum tenure | 15 years |
These figures use the bank's advertised starting rate. Most borrowers are offered a higher rate depending on credit score, income and loan size, so treat the result as a best case.
Prepayment options (optional): pay extra to finish sooner
EMI for popular amounts
₹10 lakh for 7 years₹10 lakh for 10 years₹10 lakh for 15 years₹20 lakh for 7 years₹20 lakh for 10 years₹20 lakh for 15 years₹30 lakh for 7 years₹30 lakh for 10 years₹30 lakh for 15 years
Frequently asked questions
What is the ICICI Bank education loan interest rate?
ICICI Bank's website advertises education loan rates starting from 8.5% per annum (checked 2026-11-01). The rate you get depends on your credit score, income and loan amount.
What is the EMI on a ₹20 lakh education loan from ICICI Bank?
At the starting rate of 8.5% over 10 years the EMI is about ₹24,797 a month, with total interest of about ₹9,75,657. A higher personal rate would raise this.
What is the processing fee for a ICICI Bank education loan?
The ICICI Bank page we checked did not state a processing fee. Please confirm it with the bank's fee schedule before applying.
Does ICICI Bank charge prepayment charges on a education loan?
No foreclosure charges. Terms can differ between floating and fixed rates, so confirm with the bank.