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EDUCATIONAL LOANS FOR PGP 2009-10

 Loans 2008-09  

Loans from IEFC
Candidates admitted to the ISB are eligible for an educational loan from IEFC. For more details please visit http://www.iefc.com/intl/intl_islp_grad_tc.cfm.

 
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.

  • Programme cost includes tuition fees, living expenses, food, laptop and books
  • Loans are offered at lowered interest rates starting from 9.25% per annum
    An additional privilege extended to the ISB students is that the loans are available without any collateral
  • Over 70% of the ISB students have taken educational loans from banks in the past
  • Life Insurance is mandatory for the loan amount availed
  • Only Indian passport holders are eligible to avail these loans

 

Andhra Bank

EDUCATIONAL LOAN DETAILS
Terms and Conditions
 Maximum loan amount
20 Lakhs or 90% of the cost whichever is applicable (inclusive of insurance cover on the loan amount)
Interest rate To be announced
Repayment period 5 - 7 years
Moratorium 18 Months
EMI Option Standard
EMI - Standard To be announced
Security 1) Co-obligation of earning parents/spouse
Insurance Cover On the loan amount availed (Required)

 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 11.5% (Floating)
Repayment period 7 years
Moratorium 15 Months
EMI Option Standard
EMI - Standard To be announced
Security Upto 7.5 lakhs No third party guarantee.
Above 7.5 lakhs guarantee of parent/guardian or any third party (preferably the earning sibling of the student)
Insurance Cover On the loan amount availed (Required)

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 To be announced
Repayment period 7 years
Moratorium 18 Months
EMI Option Standard
EMI - Standard To be announced
Security 1) Co-applicant OR
2) Personal Guarantor
Insurance Cover On the loan amount availed (Required)

* We are yet to receive details from HDFC Ltd for 2009-10

  • 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

Educational Loan details for Nepalese Citizens

 

Bank of Kathmandu
Maximum loan amount

NPR 5.0 million or 90% of the total cost, whichever is lower.

Interest rate

9.5 % (Fixed)
Moratorium

NIL
EMI Option

Standard
EMI - Standard

NPR 1,294 per one hundred thousand
Security

Registered mortgage over real estate – land/building, personal guarantees of student/parents/sponsor and Insurance of building.
 
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