ICICI Bank makes tracking your loan application status easy with a straightforward and easy-to-use process. Knowing how to track ICICI’s education loan status gives you peace of mind and helps you plan your next steps effectively. Whether starting college, pursuing a postgraduate degree, or furthering your education, staying updated on your loan application status is . This blog will help you understand how you can track your education loan progress..
Key Features Of ICICI Education Loans
You might wonder why an ICICI education loan is worth it. Well, ICICI Bank offers amazing features on its education loans and funds 100% of your studies abroad. The table given below has the key features of this bank:
| Parameter | Details |
| Loan Limit | INR 1.5 Cr |
| Accepted Co-applicants | Father, Mother, Brother, Sister, Spouse (Husband/Wife), Grand Parents, Parents-in-law, Brother-in-law, Maternal/Paternal Uncle |
| Interest Rates | Collateral Loans: 9.85% to 11% Non-collateral Loans: 12% to 14% |
| Moratorium Period | Course period plus 6 months |
| Repayment Duration | Undergraduate (Post-Moratorium Period): Up to 8 to 10 years Postgraduate (Post-Moratorium Period): Up to 10 to 12 years |
| Repayment Policies | Full, simple interest will be charged during the moratorium period |
Different Ways To Track ICICI Education Loan Status
With ICICI, you can track the status of your education loan in various ways. It simplifies the loan tracking process for everyone, regardless of their situation. Below are the ways to track your ICICI education loan:
Method-1: Track ICICI Education Loan Status Through Their Online Portal
You can track your ICICI Bank education loan through their online portal by registering on their website. You just have to log in with your registered credentials whenever you need to track your loan. Follow the steps given below:
- Visit the official ICICI Bank website
- Navigate to the ‘Loans’ section and select ‘Education Loan
- Click on the ‘Track Application Status’ link
- Enter your application number and registered mobile number
- Click ‘Submit’ to view your loan application status
Method 2: Track ICICI Bank Education Loan Status Through Mobile Application
Mobile applications are easy to navigate to track your loan status. You can download the ICICI Bank app on your phone for IOS and Android. Below are the steps you need to follow:
- Download the ICICI Bank app
- Register with your email, contact number, or KYC details
- Login whenever you want to check your education loan status
- The app dashboard displays your loan status, where you can keep track of payments, disbursements, and more.
Method 3: Track Your ICICI Education Loan Application Status Through Customer Service
If you face any issues while accessing the website or application dashboard, you can call their customer service to get updates on your loan application. Also, they can help you fix any loan difficulty you might be facing. Here are the steps you can follow:
- For personalised help, call or email ICICI’s toll-free number.
- Please provide your loan account number and verification details if you’re asked.
- You can ask the customer service representative about your loan.
- You’ll need your loan account information and identification.
- The branch staff can provide detailed information about your loan and service requests.
Method 4: Track Your ICICI Education Loan Application Status Through UniCreds
UniCreds will help you get an ICICI Bank education loan at lower processing fees and interest rates. We have partnered with ICICI Financial Services to help you get quick loans at affordable rates. Here’s how you can track your loan status through UniCreds Dashboard.
- Register on UniCreds today.
- As part of our loan counselling process, we will assist you with understanding your loan requirements, eligibility, and documentation until the loan is sanctioned.
- The ICICI loan process can be tracked on your dashboard
How To Apply For ICICI Education Loan?
If you’re interested in applying for an ICICI education loan with lower processing fees and quick approval, UniCreds is here to assist you. We’ve teamed up with ICICI to offer you exceptional deals on education loans!
Here’s how it works:
- Complete the simple UniCreds form on our website with your basic details.
- Our loan counsellor will contact you soon to discuss your specific loan requirements.
- Our team will work with ICICI to negotiate your loan’s best interest rates, fees, and terms.
- You’ll receive a tailored list of required documents based on your eligibility.
- After submitting the documents and the ICICI loan application form, your loan will be approved within days!
ICICI Bank Loan Disbursement Process
ICICI Bank’s disbursement process is pretty straightforward. The image given below will help you understand how the loan disbursement works. Also, this is how your loan status will be updated on your dashboard:
Eligibility Criteria For ICICI Education Loan Disbursement
The eligibility criteria for ICICI Bank education loan are quite similar to what other banks normally require. Go through the points below to understand the requirements well:
- Applicants must be Indian citizens between the ages of 18 and 35.
- You must be admitted to an ICICI Bank-approved university or college.
- Co-applicants can only be fathers, mothers, brothers, sisters, spouses, or unrelated uncles/aunts.
Tips To Wisely Track Your ICICI Education Loan Application
Tracking your education loan application is important for staying informed about its progress. You can keep track of your application and stay informed in the following ways:
- This number is crucial for tracking your application. Keep it safely stored and readily accessible.
- Contact your loan provider regularly to inquire about the status of your application. Use official contact methods like phone, email, or secure online portals.
- Many lenders offer online tracking facilities where you can log in to check the progress of your application. Register for and use these portals if available.
- If there are any updates or additional requirements from the lender, respond promptly to avoid delays in processing your application.
- Loan processing times can vary. While it’s important to stay informed, also be patient during the review and approval process.
- Keep records of all communications with the lender, including emails, letters, and phone calls. This will help you track the progress and resolve any issues that may arise.
- Understand the typical timelines and steps involved in loan processing. This knowledge will give you a clearer idea of when to expect updates or decisions.
UniCreds can help you with your education loan every step of the way! Let’s get in touch to discuss this!
FAQs
1. How long does it take for an ICICI education loan to be approved?
You need to be an eligible candidate with Indian citizenship and an admission letter from the university.
2. How can I get a loan track record from ICICI Bank?
You can track your loan application through their online portal, mobile application, or customer support.
3. What information do I need to track my ICICI Education Loan status?
Your credential and loan account number are enough for an ICICI education loan status.
4. How long does it take to receive updates on the status of my ICICI Education Loan?
It takes about 24 hours to receive updates on your ICICI education loan status.
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