Educational loans & financial assistance

Leading financial institutions provide funding for up to 95% of the programme expenses to admitted students.

Disclaimer: The details mentioned below are only indicative. ISB does not take the responsibility for change in any terms & conditions, rate of interest or coverage at the bank / financial institution level. The particulars of the loan facilities shall be as per the sanction letters and loan agreements entered in to between the bank / financial institution and the student. As a policy, we have made it mandatory for all students availing an educational loan, to insure the loan. Your loan banker will be able to provide more information on this.

Andhra Bank

Maximum loan amountNeed-based subject to maximum of Rs.30.00 lakhs or 95% of course cost whichever is lower
Interest rate 1 year MCLR+.05% i.e 8.70% at present floating (No further concession for Girl Child/Merit student)
Repayment periodMaximum repayment period is 10 years. The accrued interest during the moratorium period is to be added to principal while repayment in EMI is fixed
MoratoriumCourse period + 1 year or 6 months after getting job whichever is earlier
EMI OptionOption-1: Standard
Option-2: Remittance of only interest during the first two years and balance interest and principal to be adjusted and collected within the remaining period. 
Collateral Security


Co-obligationCo-obligation of earning parents / spouse. Suitable third party in case parents / spouse has no earning
Payment of InterestWill be collected as a part of the EMI after the moratorium, whenever the repayment commences
Pre-payment ChargesNIL
Insurance CoverMandatory liability Insurance on the loan amount availed 
Contact pointHyderabad Branch:
Andhra Bank, Hitech City Branch, Q-4, A-2, Cyber Towers, Madhapur, Hyderabad-500 081
Phone: 040-23421106 / 107 / 109
Email Id:

1)Mr.Vivek Kumar, Asst. Manager, Mobile No: 7330811175
2)Mr.V V Ramam, Chief Manager, Mobile No: 9490988255

Mohali Branch:
Andhra Bank, SCF-93 , Phase-7, Mohali- 160063.
Phone:  0172- 5044676, 2220676
1)S Naga Malleshwara Rao, Sr. Branch manager, Mobile No: 9988332159  
 Loan Application | Document Required


Axis Bank
Maximum loan amount95% of the total course fees
Interest rate

Base Rate + Mark up, Current base rate is 10.50%
(floating rate linked with MCLR Rates) 

Repayment periodup to 15 years i,e. 180 Months Maximum                   
MoratoriumCourse period plus maximum of one year. Option to pay EMI after course available
EMI OptionStandard
SecurityUnsecured loan amount up to INR 30 lakhs
Payment of InterestTo be paid during the moratorium period
Pre-payment ChargesNil
Insurance CoverOn the loan amount availed. Insurance amount can be included in the loan amount.
Contact point

Name: Pramod Shetty 

Contact: 9538397788 |

Name: Binita Dasgupta 
Contact: 9538020909 | bi

Documents Checklist 

Maximum loan amountUpto 30 lacs without security and upto full cost of attendance with security
Loan can be approved within two working days.
Margin Money Not Required
Repayment Period12 years
Moratorium period12 months course + 6 months grace period ( Simple Interest to be paid during moratorium)
Rate of InterestRate of interest starting from 9.5%
Repayment Options EMI/ SI/ Part simple interest of Rs 995/-
Processing Fee Amount5000 + tax
Insurance CoverRequired
Collateral SecurityNot Required
Self (applicant) as primary co-borrower-Parents/Siblings/Spouse as additional co-borrower 
If applicant (self) meets all co-borrower norms and criteria then only non-financial co-borrower required in the form of parents/siblings/spouse
If applicant (self) does not meet the income/financial/CIBIL/geo-location norms, then a suitable financial co-borrower in the form of parents/spouse/sibling will be required

Occupation: Salaried/SEP/SENP

Location: Avanse / DHFL Branch Locations
Pre-payment ChargesNo pre payment and part payment charges
Contact Point
Avanse Financial Services Pvt. Ltd
Mr. Venkata Rao Pallanti
Number: +91 81424 00094 |  
Toll-free : 1800-833-6333 | SMS: AVANSE to 56677
 Loan Application | Checklist 

Bank of India
Maximum loan amount20 Lakhs
(inclusive of insurance cover on the loan amount)
Interest rate

10.75% (Floating) and 0.50% special concession for female students

Repayment period10 years upto Rs. 7.5 Lakhs
15 Years above Rs. 7.5 Lakhs

Course period +1 Year or 6 months or soon after placement, whichever is earlier

EMI OptionStandard
Security1) Co-applicant OR
2) Personal Guarantor (preferably parent or spouse)
Acceptable by the bank
Payment of InterestIncluded in the EMI
Pre-payment ChargesNIL
Insurance CoverOn the loan amount availed (Required)
Contact pointHyderabad:
Ms. Khushboo Vaishnav
Marketing Manager
 Loan Application | Checklist

Bank of Kathmandu Limited
EligibilityAll Nepalese Students admitted for Post Graduate Programme in Management Course offered by ISB
Maximum loan amountNPR 6.0 Million or 90% of the total cost, whichever is lower
Interest rate

12% p.a. or as prescribed by Central Bank or Bank time to time

EMI Standard - NPR 1,435.00 Per one hundred thousand
EMI starts from the next month from the date of disbursement
EMI Repayment SourceIncome of the student's Parents/Sponsors
SecurityRegistered mortgage over real estate - land/Building
Personal guarantees of Students/Parents/Sponsors
Insurance of Building  
Contact point

Key Branches for Loan Processing

Bank of Kathmandu Limited, P.O. Box 9044,
Kamal Pokhari, Kathmandu, Nepal
Telex: 2820 BOK NP
Tel: (977 1) 4414541
Fax: (977 1) 4418990

Canara Bank
Application typeOnline / offline application 
EligibilityResident students of ISB Hyderabad / Mohali
Students should be Indian nationals
Quantum of loanUp to Rs.36 lacs. Margin is 5 % (students contribution out of the total cost of the study) Loan can be up to 95% of the total cost of the study. 
Rate of interest8.65%
Processing feeNIL 
Margin              5% 
Security1. Assignment of future income of the student
2. Parent / guardian has to join as co- borrower. No collateral security.
( Loan will be given jointly to student and parent / guardian)
Repayment tenure

Repayment period is upto 15 years 

Maximum processing time48 hours 
Moratorium After the study period, the moratorium for repayment is 1 year
·        Simple interest till completion of course and moratorium period.
·        EMI per month after the entire course period and moratorium period for 1 lakh rupees is approx.
PER LAKH15 Years1166
PER LAKH10 Years1464
PER LAKH5 Years2415
Repayment Penalty No prepayment penalty  
Other Details All Educational Loans under Vidya Turant can be covered under CSIS Scheme (Central Scheme for Interest Subsidy for ELs upto Rs10 lakhs for those students whose parental/family income upper limit is Rs4.50 lakhs). The interest subsidy is equal to the interest debited to the account during the course period and moratorium period (1 year + 1 year). 
Contact point

Canara Bank, Madhapur

Plot no: 20 & 21, Behind Bata Showroom
Megha hills,  Madhapur,
Hyderabad 500081.
Phone: 040-23110210
Mobile: 7382932209, 9885547310.

DocumentsCanara Loan Application | Checklist 

Maximum loan amount25 Lakhs (Above 25 lakhs with suitable collateral)
Interest rate11.95% (floating) with full moratorium during course
11.75% (floating) with interest repayment during course
Repayment period10 years
EMI OptionStandard
Moratorium18 Months from the commencement of the programme or placement whichever is earlier
SecurityCo-borrower is required as Father, Mother, Brother, Sister, Spouse, Brother-in-LawPaternal Uncle as acceptable by Credila
CollateralNone up to 25 Lakhs
Pre-payment ChargesNone after 2 years from the first date of disbursement
Insurance CoverOn the loan amount availed (Required) from HDFC Ergo General Insurance.
Processing FeesRs.5000/- Flat Inclusive of Taxes
Contact pointVicky Francis
Mob: 9823736643
Landline: 0253 3249276
Toll Free: 1-800-209-3636, or
 Loan Application Form

Indian Bank


SchemeSpecial Scheme Under IBA for Hyderabad & Mohali Campus
Maximum loan amount
35 Lakhs with No restrictions/ cap with regard to other expenses.( Fee Components include tuition fee, living expenses, Single & married, food, laptop and books).
Interest rateAt MCLR 1 Year which is currently 8.60 % p.a (floating)
SecurityNo Collateral Security. Co-Applicant Parent or Spouse required
Repayment PeriodRepayment period will be 15 Yrs. (in 180 instalments)
Course Period ( 12 Months ) + 1 Year or 6 Months after getting a job whichever is earlier. (i.e) 12 + 12 = 24 Months ) .
Minimum ChargesProcessing Fee 250/-
Details of the scheme available 
Insurance CoverInsurance will be covered in the Loan
Contact point

Branch Manager

Indian Bank

Gachibowli Branch

Hyderabad - 500 032


 Marketing Manager, Zonal Office Hyderabad
Marketing Manager,Zonal office Hyderabad


Mr. Anuj Sood

SCF 14, Phase XI, SAS Nagar,


Contact no. 8427688079,  0172-2234269


Mr. Sukhdeep Singh

M-8427688011 (Whatsapp)

Loan Application  | Check List


Oriental Bank of Commerce
Maximum loan amount
Upto Rs.30 lacs - No collateral security is required 
Over Rs 30 lacs - 100% tangible security with value equivalent to full loan amount is required.
Interest rate1 year MCLR :Currently @ 8.45 % 
Repayment period15 years irrespective of the loan amount 
Moratorium12 Months after completion of the course or 6 months after placement, whichever is earlier
SecurityUpto Rs.30 lacs - No Co-applicant (Parents / Spouse)
Payment of Interest
Simple interest will apply during moratorium period (Study period + Grace Period)
and thereafter interest will compound
Pre-payment ChargesNIL
Insurance CoverOn the loan amount availed (Required)
Processing Charges NIL
Documentation Charges NIL
Contact pointHyderabad
Mrs. G Saritha Jyothi  Sr. Branch Manager– 9989804446
Mr. Vamsee Mohan, Chief Manager– 9000021750
Mr.Dheeraj (Loans Department)- 8885220273
Sh Som Dass Shivgotra 0172-5216507 / 8725030256  
 Loan Details 

State Bank of India
Maximum loan amount30 Lakhs
Interest rate8.35%
Repayment period12 Years
Moratorium18 Months or soon after placement, whichever is earlier
SecurityUp to INR 30 lakhs - no guarantee or collateral needed; need only coapplicant ( Parent or Spouse).
Payment of InterestWill be collected as a part of the EMI after the moratorium
Pre-payment ChargesNIL
Insurance Cover

On the loan amount availed (Required)

Contact point

Key Branches for Loan Processing 


State Bank of India, HUC Branch, Gachibowli, Hyderabad
Ph: 040 23011301 | e-mail:
Axat Tiwari, Deputy Manager – 9663952929
RameshManager – 9000991308 
Y Surya Prakash Rao,Chief Manager –  9949031301  



State Bank of India, Mohali Branch
Ph: 0172-2271407 | e-mail 

P C Mahesh, Chief Manager  – 8283830818


Loan Application Form
Check List & FAQs
Affidavit (Borrower)
Affidavit (Guarantor)
Assets/Liabilities report
Pre-sanction repor
Application Process

For any further details contact :
Email  :  

Syndicate Bank


Maximum loan amountMaximum Rs. 30.00 lakhs.
Guarantor/Surety/ CollateralGuarantee of parent.
Interest rateBR+ 0.50 (Presently 10.20%) If interest is served during Moratorium period, otherwise 1% additional interest. 0.5% concession to girl students.
Add onsStudent is eligible to
  • Open self introduced SB A/c with Debit-cum-ATM Card.
  • Avail Additional Loan up to Rs. 3.00 lakhs if selected to go abroad under student exchange scheme during the second year of the course in Management, up to the maximum loan of Rs. 20.00 lakhs.
Processing & Documentations charges.Nil
Repayment period
Loans Upto   7.50 lakhs –  Up to 10 years(exclusive of moratorium period)
Loans Above 7.50 lakhs –  Up to 15 years(exclusive of moratorium period)
MoratoriumCourse period+1 year or 6 months after getting job whichever is earlier
Expenses Considered
  • Fee payable to college/hostel (reasonable cost will be considered if student prefers outside accommodation)
  • Examination/Library/Laboratory fee
  • Insurance premium, if applied.
  • Caution deposit, building fund/refundable deposit supported by institution bills/receipts (ceiling 10% of tuition fee , if refundable deposit undertaking by student  agreeing to credit to loan proceeds after completion of course)
  • Study tours, equipments, computers and any other(ceiling of 20% of the tuition fee)
Contact point
HMWS & SB Building, West Block, 2nd Floor,
Khairatabad,  Hyderabad,
Tele-Phone No : 040-23394095/6363
E-mail ID:

Mrs. C Padma,                                                  
 Asst. Gen Manager ,
+91 - 9440905228

Mrs. Anuradha S Karunaker
Manager- Retail Credit

Mr. Praveen kumar.
Asst. Manager -Marketing
Mr. Yogendra Kr Singh,
Asst. Manager- Marketing

Loan Application Form   |   Check-list


The Cosmos Co-operative Bank Ltd
Maximum loan amountUp to 30 Lakhs
Interest rate

12.00% p.a.
Rate of interest will be charged on daily reducing balance at monthly rests

Loan Tenure5 Years
Repayment/ MoratoriumNo Repayment Holiday/ Moratorium Period
SecuritySecurity Cover in the form of immovable property to the extent of 80% of distress value.
Following points will be considered :
a) Security - Constructed property.
In case of Plot - it can be accepted in exceptional meritorious cases.
Plot should be collector N.A. and duly fenced.
b) Age of the property should not be more than 30 Years for commercial property and 25 Years in case of residential Property. Residual life of the property should be more than the Loan Tenure. The Property should have a completion certificate from the competent authority.
c) Property can be mortgaged by way of registered mortgage.
d) Banks charge acknowledgement copy registered on the property will have to be kept on record.
e) Security shall be free from any previous charges
Payment of InterestWill be collected as a part of the EMI after the moratorium
Pre-payment ChargesNIL
Insurance CoverLife Insurance cover is optional but highly advisable
Contact point


3-5-798, Prathima Schalass,
New No. 248, Street No. 8,
Hyderguda, King Koti Road,
Pin :500 029
Tel : 040 - 23231705 Fax : 040-23231694


Chief Manager, C. Ramesh

Mob: 8886666012

Land line : 040- 23231705

Union Bank of India
Maximum loan amountRs. 33.00 lacs  + Rs. 4.00 Lacs Separately for Student Exchange Programme (inclusive of insurance cover on the loan amount)
Interest rateInterest Rate @ one year MCLR(Floating), at present 8.50% 
Repayment period
Loan amountMaximum repayment period (after course/ moratorium period)
Upto Rs.7.50 lakhs10 years
Above Rs.7.50 lakhs 15 years

Course period +1 Year        OR     6 months after securing employment, whichever is earlier

SecurityNo collateral security required.  Parent or Spouse to be made co-applicant  OR personal guarantor ( acceptable by the bank ).
Payment of interest Will be collected as a part of the EMI after the moratorium
EMI Payment optionOption 1 :   Standard 
Option 2 :   Step-up repayment facility- Here student is allowed to pay lower EMI during first 3 years of the                            repayment
Pre-payment/ pre-closure chargesNIL
Insurance CoverTerm life insurance policy on the loan amount and period sanctioned
No collateral security required 
Parent or spouse to be made co-applicant or personal guarantor (acceptable by the bank)
ReimbursementReimbursement of admission acceptance fee 
Living Expense Rs. 10000/- per month 
Place of Sanctioning Loan & TATStudents can apply to the loan from their place of working, City of Institute and Native place whichever is convenient to the student. Loan Sanctioning TAT is 48 hours.
Sanctioning BranchAll Branches all over India is empowered to sanction the loan. So students can contact their nearest branches.
Contact point
For Hyderabad Campus
1. Gaurav Kumar - +91-8008705187
2. Sandip Donge - +91-9975026271
Asst. Managers Marketing,
Union Loan Point Branch, at Madhapur, Hyderabad
Mr. K Narasimha Reddy
Branch Manager,
Union Loan Point Branch, Plot No. 729, 1 st floor, Road No. 36, Opp. Neerus, Madhapur Road, Jubilee Hills,Hyderabad- 500033
Ph: 8008504810 Tel No. 040-29702977 |
For Mohali Campus
1. Mr. Vipender Chauhan- 8725029735
2. Mr. Anshul Mittal – 8725029780
Marketing Officers at Union, Loan Point Mohali Branch
Mr. Bhaskar Jha
Branch Manager
Union Loan Point,SSS-06, PHASE-6, Opp. JainMandir,S.A.S NAGAR, Mohali
Contact No. 8725029734 | Email :-

Loan Application Form   |   Check-list 
Highlights of the scheme   |   Credit Info sheet

Vijaya Bank
Maximum loan amountMaximum up to 20.00 lakhs
(inclusive of insurance cover on the loan amount)
Interest rate11.75% (fixed rate)
Repayment period7 years
Moratorium18 Months or soon after placement, whichever is earlier
Security1) Co-applicant OR
2) Personal Guarantor (preferably parent or spouse)
Acceptable by the bank
Payment of InterestWill be collected as a part of the EMI after the moratorium, whenever the repayment commences.
Pre-payment ChargesNIL
Insurance CoverOn the loan amount availed (Required)
Contact Details

1) RACPC –Hyderabad: Contact No. 040-23220940,8885164916 (Mr. Shaswata Das, Asst. Manager)
    Email : 

2) Basheerbagh Branch: Contact No. 040-23211427

    Email : 

3) Kukatpally Branch: Contact No. 040- 23893086
    Email :

IDBI Bank (2013-14)

Educational loans for PGP 2013-14 (To be updated as an when information is received)

Maximum loan amount20 Lakhs or 95% of the cost whichever is lower (inclusive of insurance cover on the loan amount)
10.25% (concession of 50 BPS for female students)
Repayment period10 years
Moratorium18 Months or soon after placement, whichever is earlier
  • Loans upto Rs.4 lakhs: A Personal guarantor.
  • Loans exceeding Rs. 4 lakhs upto Rs. 10 lakhs: Third Party Guarantee.
  • Loans sbove Rs. 10 lakhs: Tangible collateral security in the form of Land/Building (minimum value shall be 1.33 times of the loan amount sanctioned), LIC, Fixed Deposit, etc.(minimum value shall be 1.1 times of the loan amount sanctioned). The Land offered as collateral security should not be an agricultural land.
Payment of InterestWill be collected as a part of the EMI after the moratorium
Pre-payment ChargesNIL
Insurance CoverOn the loan amount availed (Required)
Contact point

P.Naveen Kumar, Relationship Manager
IDBI Bank Ltd, Gachibowli Branch
Branch Address - Plot num - 81, Diamond park, 
Vinayakanagar colony, Gachibowli stadium road
Gachibowli, Hyderabad - 500032 
Mob: 09247710547 


Loan Application Form   |   Check-list

Punjab National Bank
Maximum loan amountUp to Rs.30.00 lacs
Loans above Rs..30.00 lacs shall be considered on case to case basis.
Interest rateOne year MCLR + 0.10 % presently 8.55%
Repayment period15 years
MoratoriumCourse period +1 year or 6 months after getting job, whichever is earlier
  • Parents to be co-obligants
  • No Collateral security required 
Payment of InterestCourse period + 1 year        or        6 months after getting job, whichever is earlier
Upfront/Processing fee: Nil
Documentation Charges: Rs. 450 + ST only
TAT: 2-3 working days after submission of all the documents along with application
Reimbursement of fees already paid will be allowed within 6 months.
Documents Required1. Loan application with Passport size photograph of borrowers & guarantor
2. Proof of age
3. Residence proof of Applicant and Co-obligants
4. PAN No. of Applicant and Co-obligants with 3years ITRs & Latest salary slip
5. Proof having passed the last qualifying examination
6. Letter of admission
7. Prospectus of the course and Fee Schedule
8. Details of Assets & Liabilities of Applicant and Co-obligants along with proofs
9. Receipt for the amount of fee already paid 10. Any other document/ information, depending upon the case
Contact point

Mohd. Maqsud Ali, AGM – 9848384195
V. Satyanarayana, Chief Manager – 9676729292 

Punjab National Bank, Bank Street, Abids, Hyderabad
Landline: 040-24744534, 24741205, 24605688  email:


Loan Application Form   |   Check-list


LogoImage result for dcb logo  
Maximum loan amountUp to Rs.10.00 lacs.
Interest rate12.%
Repayment period10 Years
MoratoriumCourse period +1 year or 6 months after getting job, whichever is earlier
Loans Above 4 Lakhs need to be secured by way of one or two guarantors acceptable to the bank.
Loans above 7.5 Lakhs are required  to be secured by tangible collateral equivqlent to 12.5 % of the loan amount.
Payment of InterestCourse period + 1 year        or        6 months after getting job, whichever is earlier
ChargesProcessing Fees         :     NIL
Prepayment Charges :     NIL
Documents Required
  1. Loan application with Passport size photograph of borrower and co-borrower
  2. Proof of age
  3. Residence proof of borrower and co-borrower;
  4. PAN no. of  the Co-Borrowers with 3years ITRs & Latest salary slip
  5. Proof having passed the last qualifying examination.
  6. Letter of admission
  7. Course fee details
  8. Documentary Evidence of the Assets and Liabilities of the Borrowers
  9. Any other document/ information, depending upon the case and purpose of the loan.
Contact point
Mustaq Ahmed
Branch Manager
Handheld: + 91 9866366900
Landline: + 91 4064631258
Salima Dosania

Loan Application Form   |   Check-list


Federal Bank
Maximum loan amountMaximum Rs. 30 lakhs. Without any collateral Security
Guarantor/Surety/ CollateralGuarantee of Spouse/parent/Parents-in-law/Guardian/close relatives acceptable by the Bank.
No Collateral Security required.
- Company Sponsorship / assistantship to be included in margin
- Margin may be brought in as and when disbursements are made on a pro-rata basis at applicable rates
Interest rate@ MCLR for loans up to 20 lacs which is 9.60 %    Only Simple interest charged during moratorium period
MCLR + 1% for loans above 20 lacs ( Negotiable )
Special Offer to ISB StudentStudent is eligible to
  • Open self introduced SB A/c with Debit-cum-ATM Card, Internet banking etc.
Processing FeeNil for Loan up to 20.0 Lacs                     
 Rs 2500 + Service Tax for Loans above 20 Lacs
Repayment period
Up to 10 years
MoratoriumCourse period + 6
Course period + 3 months in case of working professionals.
Insurance Cover
  • Single premium policy covering Loan Amount. Insurance amount can be included in the loan amount.
Contact pointSh. Rajiv Chauhan,
Manager & Br.Head, 
Branch- Mohali
Ph. No: +91-8146080349
Mr. Satish                 9908947960
Mr. A Siva Prasad   9849782409

Loan Application Form   |   Check-list


Prodigy Finance