ICICI Bank vs Tata Capital: Which is Best for Abroad Education Loan?

Education loans are no longer limited to public banks as private players and NBFCs are equally shaping the market. ICICI Bank, a major private bank, structures its loans with category based slabs and offers tax benefits under Section 80E. Tata Capital, functioning as an NBFC, is recognized for zero margin money and a moratorium that lasts through the course plus one year. This ICICI Bank vs Tata Capital student loan comparison shows how the two lenders differ on key aspects like eligibility, loan size, interest rate, and moratorium period. By the end of this blog, you’ll have a clearer sense of ICICI Bank or Tata Capital which is better suited to your situation.

ICICI Bank vs Tata Capital Key Features

Here is an ICICI Bank vs Tata Capital student loan comparison table that shows overlap and differences, so you can decide ICICI Bank or Tata Capital which is better for your needs today.

Interest Rate as of September 2025*

ICICI Bank vs Tata Capital Highest Unsecured Loan 

Many students find unsecured loans attractive because they don’t require any collateral. In the ICICI Bank and Tata Capital student loan comparison, the table below highlights the maximum amounts offered in each category. However, keep in mind that the final approval still depends on the applicant’s profile and eligibility.

ICICI Bank vs Tata Capital Interest Rate Comparison

Deciding whether ICICI Bank or Tata Capital which is better option? Interest rates are definitely a big part of the equation. When you look at theICICI Bank vs Tata Capital interest rate comparison, you'll see that ICICI Bank has category-based slabs like Premium Select, Premium, and others while Tata Capital offers a consistent range for everyone.

GyanDhan’s EMI Calculator makes it easier to calculate your repayment journey.

ICICI Bank vs Tata Capital Moratorium Period Comparison

Moratorium period is simply the break before regular repayment begins. It often includes study years and a short grace period. In the ICICI Bank vs Tata Capital student loan comparison, the ICICI Bank vs Tata Capital moratorium period comparison table shows how long students wait and the repayment methods during this phase.

ICICI Bank vs Tata Capital Document Checklist for Study Abroad Loans

If you check out the ICICI Bank vs Tata Capital document checklist for study abroad loans, you'll find that both lenders require similar types of paperwork. However, there are a few differences that set them apart. This ICICI Bank vs Tata Capital student loan comparison clearly outlines documents required for each lender.

ICICI Bank Document Checklist:

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  Academic proof such as your 10th/12th marksheets and the latest qualification certificate.
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  An official admission offer/letter mentioning the cost of the program (if available).
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  Identity verification such as Aadhaar and PAN card copies of both the student and the parent/guardian.
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  Valid passport of the student.
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  Residence evidence like the latest electricity bill.
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  Proof of relationship with the co-applicant (e.g., parent/guardian).
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  If the co-applicant is salaried: provide recent salary slips along with Form 16.
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  If the co-applicant is self-employed: submit IT returns/assessment orders of the last two years.
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  Proof of margin money, wherever applicable. 

Tata Capital Document Checklist:

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  Proof of identity such as PAN card, passport, voter ID card, driving license, or any other valid government-issued document of student and co-applicant.
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  A duly completed education loan application form.
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  Proof of residence which may include the latest utility bills like electricity, water, telephone, or piped gas, along with Aadhaar card or driving license of student and co-applicant.

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  Academic records including Class 10 and Class 12 mark sheets together with semester-wise undergraduate results.
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  Entrance examination results like GRE, GMAT, TOEFL, or IELTS.
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  Admission confirmation from the university in the form of an official or conditional admission letter.
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  A detailed statement of the expected course expenses.
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  Co-applicant’s latest bank account statement for the past six months, particularly necessary in the case of loan takeovers.

ICICI Bank or Tata Capital Which is Better?

We’ve come to the end of this ICICI Bank vs Tata Capital student loan comparison, and the question still comes back to, ICICI Bank or Tata Capital which is better? The choice really depends on what you value most. ICICI Bank provides tax benefits under Section 80E, a feature Tata Capital does not offer since it is an NBFC. On the other hand, Tata Capital allows a moratorium that extends through the course duration plus one year, which can ease repayment pressure at the start. Each lender brings its own advantages, and it’s up to you to decide which aligns better with your needs. Not sure where to start? Take the first step by exploring your education loan eligibility today.

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