Loans, Full Time Post Graduate Programme in Management

Educational Loan details for PGP 2011-12 will be available, once finalised.

EDUCATIONAL LOANS FOR PGP 2010-11

Loans from Indian Banks/Institutions

Loans from Indian Banks/Institutions
The ISB has inked loan agreements with leading banks/institutions that provide funding to cover up to 95% of the programme cost.

Educational Loan covers tuition fees, living expenses, food, laptop and books.
Loans are offered at lowered interest rates starting from 8.5% per annum. An additional privilege extended to the ISB students is that the loans are available without any collateral and no processing charges will be collected.
Over 70% of the ISB students have taken educational loans from banks in the past.
Life / Credit Shield Insurance is mandatory for the loan amount availed.
State Bank of India is one of the preferred bankers for ISB.
Only Indian passport holders are eligible to avail these loans.
In case you have been awarded a ISB tuition waiver at the time you were made an offer of admission, the amount you apply for an educational loan should be reduced by that extent
All admitted students will be provided with further details on how, when and whom to apply for this as part of the New Admits website.

Credila Financial Services
(An HDFC Ltd. Venture)

EDUCATIONAL LOAN DETAILS
Terms and Conditions	Maximum loan amount	20 Lakhs (inclusive of insurance cover on the loan amount)
	Interest rate	10.25% (Floating) with complete moratorium
	Interest rate	10% (Floating) with simple interest repayment during course period
	Repayment period	Up to 10 years (including moratorium)
	Moratorium	18 Months from the commencement of the programme or placement whicever is earlier
	Security	i. Co-borrower is required as Father, Mother, Brother, Sister, Spouse ii. Lien on ISB Certificate and Transcript
	Payment of Interest	standard
	Pre-payment Charges	Waived. Part pre-payments allowed
	Insurance Cover	On the loan amount availed (Required)
	Origination/Processing Fees	5000/- Flat
	Contact point	Nilanjan Chattoraj Mobile: 0-97037 53636 Landline: 040 32550320/32581944 Toll Free: 1-800-209-3636 Email: nilanjanc@credila.com / loan@credila.com

HDFC Bank

EDUCATIONAL LOAN DETAILS
Terms and Conditions	Maximum loan amount	20 Lakhs or 95% of the cost whichever is applicable (inclusive of insurance cover on the loan amount)
	Interest rate	10.75% (Fixed)
	Repayment period	72 months
	Moratorium	15 Months from the commencement of the programme
	Security	Co-Borrower + Lien on ISB Certificate and Transcript
	Payment of Interest	Reduction of 0.25% in Interest rate, if simple interest is serviced on a monthly basis during the academic year
	Pre-payment Charges	Nil - up to 2 pre-payments in a year
	Insurance Cover	On the loan amount availed (Required)
	Contact point	Please click here for list of contact details

Indian Bank

EDUCATIONAL LOAN DETAILS
Terms and Conditions	Maximum loan amount	20 Lakhs or 95% of the cost whichever is applicable (inclusive of insurance cover on the loan amount)
	Interest rate	10.50% (Floating)
	Repayment period	7 years
	Moratorium	18 Months or soon after placement, whichever is earlier
	Security	Personal Guarantor (parent/spouse/sibling or third party) and Lien on ISB Certificate and Transcript
	Payment of Interest	Will be collected as a part of the EMI after the moratorium
	Pre-payment Charges	NIL
	Insurance Cover	On the loan amount availed (Required)
	Contact point	K Sreedevi, Chief Manager Indian Bank, Hyderabad Main Branch, Koti Hyderabad 500 001 Ph: 040 4741625; Mob: 9908639788 Email: ibhydmain@rediffmail.com K Harinath Babu, Branch Manager Indian Bank, Gachibowli Branch Hyderabad 500 032 Ph: 040 23000889; Mob: 9848172872 Email: gachibowli@indianbank.co.in

State Bank of India

EDUCATIONAL LOAN DETAILS
Terms and Conditions	Maximum loan amount	20 Lakhs or 95% of the cost whichever is applicable (inclusive of insurance cover on the loan amount)
	Interest rate	Female – 9.75% (Floating) Male – 10.25% (Floating)
	Repayment period	7 years
	Moratorium	15 Months or soon after placement, whichever is earlier
	Security	Personal Guarantor (parent/spouse/sibling or third party)
	Payment of Interest	Will be collected as a part of the EMI after the moratorium
	Pre-payment Charges	NIL
	Insurance Cover	On the loan amount availed (Required)
	Contact point	Suryanarayana: 09949031301 K Madhu: 09885041903 B S Subrahmanyam: 09949646727 Email: sbi.05916@sbi.co.in

Union Bank of India

EDUCATIONAL LOAN DETAILS
Terms and Conditions	Maximum loan amount	20 Lakhs or 95% of the cost whichever is applicable (inclusive of insurance cover on the loan amount)
	Interest rate	Female students-10% (Fixed) Male students-10.50% (Fixed)
	Repayment period	7 years
	Moratorium	18 - 24 Months or soon after placement, whichever is earlier
	Security	1) Co-applicant OR 2) Personal Guarantor (preferably parent or spouse)
	Payment of Interest	Will be collected as a part of the EMI after the moratorium
	Pre-payment Charges	NIL
	Insurance Cover	On the loan amount availed (Required)
	Contact point	C S Srinivas, Marketing Manager Union Loan Point, Saifabad Branch, Hyderabad Ph: 040 23420624; Mob: 9848113570 Email: css@unionbankofindia.com

United Bank of India

EDUCATIONAL LOAN DETAILS
Terms and Conditions	Maximum loan amount	20 Lakhs or 95% of the cost (inclusive of insurance cover on the loan amount)
	Interest rate	Floating rate of 8.5% for female students and 9% for male students for loan up to 10 lakhs. Floating rate of 9.5%for female students and 10% for male students for loan above 10 lakhs.
	Repayment period	7 years
	Moratorium	18 Months
	Security	1) Co-obligation of earning parent/spouse for loan up to 10 lakhs 2) Co-obligation of earning parent/spouse + third party guarantee for loan above 10 lakhs
	Payment of Interest	Will be collected as a part of the EMI after the moratorium
	Pre-payment Charges	NIL
	Insurance Cover	On the loan amount availed (Required)
	Contact point	Muralidhar, Manager, Yousufguda Branch, Hyderabad Ph: 040 23740484 Email: bmyou@unitedbank.co.in

If a student receives an educational loan, the ISB will be the primary recipient of the funding awarded, until the course cost is covered. Any amount above and beyond this will be passed on to the student
The information provided in this window aims to be correct as far as possible at the time of publication, but we reserve the right to make changes to any or all the matter cited in this publication

Loans for PGP 2009-10

Loans for International Students:

Paras Education Foundation International Student Loans

Please visit http://www.isloan.org/ for details on loan opportunities available for International Students (non Indian passport holders). ISB is considered a valid institution for an educational loan with this organisation and some of our students have availed it in the past.

HDFC Bank

Admitted International students of Indian Origin who have personal guarantors based within India, may also approach HDFC Bank for an educational loan.