Bank Loans

Financial assistance in the form of tuition fee loans are available to participants . The sanction of loans is at the complete discretion of the financial institutions concerned. You may contact the below financial institutions for student loans.
Axis Bank Ltd

Contact: 
Binita Dasgupta
91 9538020909/ +91 22 43252396

Binita.Dasgupta@axisbank.com or Educationloan@axisbank.com

Union Bank of India

Highlights
  •  Maximum quantum of loan Rs.38.62 lakhs
  •  Interest rate @1 yr- MCLR+0.20, at present 8.40%
  • No collateral security
  • Maximum repayment period tenure after course will be 15 years or up to the 60 yrs age of borrower whichever is earlier

QUANTUM OF LOANRs. 38.62 LAKHS 15% Margin to be taken on total programme fee of Rs 45.44 Lakh
MARGIN15%
INTEREST RATE1 yr- MCLR+0.20, at present 8.40% for both male & female student. No further concession/ rebate for serving interest during course/ moratorium period. If the loan is taken over by other bank/FI, then normal interest, as applicable on the date of sanction, to be charged ab-initio.
PROCESSING CHARGESNIL
REPAYMENT PERIODUp to Rs. 7.50 lakhs- 10 years
Above Rs.7.50 lakhs- 15years
MORATORIUMCourse period
CO-APPLICANTParents or spouse to be made co-applicant or personal guarantor.
SECURITYNo collateral or third party guarantee is required, irrespective of the income/means of the applicant.
However, in cases where spouse / parents are not there, third party guarantee with adequate means to be obtained
INSURANCETerm life insurance policy to be obtained and assigned in favor of bank.
The premium of insurance can be included in the loan amount if requested by the student.
Contact pointFor Hyderabad Campus 1. Sandip Donge - +91-9975026271 Manager Marketing, 2. Ashish Dugyala- +9703266996 Asst. Manager Marketing Union Loan Point Branch, at Madhapur, Hyderabad Email: ulpmadhapur@unionbankofindia.com

Mr. K. Narasimha Reddy Branch Manager, Union Loan Point Branch, Plot No. 729, 1st floor, Road No. 36, Opp. Neerus, Madhapur Road, Jubilee Hills,Hyderabad- 500033 Ph: 9975026271 Tel No. 040-29702977 Email:ulpmadhapur@unionbankofindia.com

For Mohali Campus 1. Mr. Vipender Chauhan- 8725029735 2. Mr. Anshul Mittal – 8725029780 Marketing Officers at Union Loan Point Mohali Branch

Avanse Financial Services Limited
Contact:
Mr. Kiran Bharadkar
Number:  91 9930844034/ 022-61331830
Email: Kiran.bharadkar@avanse.com

Applicable Year/s2017 – 2019 (15 Months Course)
Max Loan AmountUnsecured: Upto 34 lakhs Fully Secured: Above 34 lakhs
Margin Money RequiredNo
Repayment ModeEMI SI
Costs CoveredTuition, Fees, Visa, Hostel, Books, Insurance, Meals, Travel, Laptop, etc
 
Product Tenure10 years max
Rate Of Interest9.75%
Processing Fee5,000 + Tax
Co-borrower RelationshipsFinancial co-borrower as co-applicant with self-owned residence Borrowers or co-borrowers income min Rs 90,000/- pm (net after all liabilities) and eligibility determined on the basis of co-borrowers income
Insurance CoverYes
Collateral Security TypeNo collateral required upto 34 lakhs
Co-Borrower LocationsDHFL Locations
Co-Borrower's OccupationSalaried/SEP/SENP*
DocumentationStandard
Pre-payment/Foreclosure ChargesNil
Contact DetailsName: Kiran Bharadkar Mobile No.: +91 9930844034/ 022-61331830 E-mail ID: kiran.bharadkar@avanse.com
Additional Details*SENP 0.25% extra RoI

Credila Financial Services Ltd
Contact
Chakravarthy
917799823111
Email: chakravarthym@credila.com


Vicky Francis                
9823736643         
vickyf@credila.com 

Customer Service        
1800-209-3636     
loan@credila.com