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Programme Expenses
Post Graduate Programme in Management Fee Payment Schedule For 2023 - 24
Admission Fee (Partially refundable as per policy, refer offer letter)
1 |
Admission fee (Payable as per “date of payment” as specified in the offer letter) |
Rs.300,000 |
2 |
GST @ 18% |
Rs.54,000 |
|
Total admission fee |
Rs.354,000 |
Commitment Fee (Non-Refundable, refer offer letter)
1 |
Commitment fee (Payable as per “date of payment” as specified in the offer letter) |
Rs.200,000 |
2 |
GST @ 18% |
Rs.36,000 |
|
Total Commitment fee |
Rs.236,000 |
|
|
Amount payable if paid in single installment |
Amount payable if paid in two installments |
||||
|
|
1st Installment |
2nd Installment* |
||||
|
|
Shared Accommodation |
Studio Accommodation |
Shared Accommodation |
Studio Accommodation |
Shared Accommodation |
Studio Accommodation |
|
|
Due on or before 16-03-2023 |
Due on or before 16-03-2023 |
Due on or before 21-09-2023 |
|||
| 3 | Tuition fee |
24,57,000 |
24,57,000 |
12,28,500 |
12,28,500 |
12,28,500 |
12,28,500 |
4 |
Accommodation fee |
2,89,000 |
5,16,000 |
1,44,500 |
2,58,000 |
1,44,500 |
2,58,000 |
5 |
Onetime fee for ISB Alumni for use of ISB Library & Recreation Center |
15,000 |
15,000 |
15,000 |
15,000 |
- |
- |
|
Total |
27,61,000 |
29,88,000 |
13,88,000 |
15,01,500 |
13,73,000 | 14,86,500 |
6 |
Interest @ 6% on 2nd Installment |
- |
- |
- |
- |
42,657 |
46,183 |
|
Subtotal |
27,61,000 |
29,88,000 |
13,88,500 |
15,01,000 |
14,15,657 |
15,32,683 |
7 |
GST @18% |
4,96,980 |
5,37,840 |
2,49,840 |
2,70,270 |
2,54,818 |
2,75,883 |
8 |
Security Deposit (Interest free - refundable at the end of the academic year subject to recoveries if applicable) |
20,000 |
20,000 |
20,000 |
20,000 |
- | - |
9 |
Total payable (SI.No. 3-8) |
32,77,980 |
35,45,840 | 16,57,840 |
17,91,770 |
16,70,475 |
18,08,565 |
| 10 | Insurance Premium towards hospitalization insurance policy payable along with fees per year insurance premium calculator. |
At Actuals |
At Actuals |
At Actuals |
At Actuals |
- |
- |
11 |
Alumni Association Membership deposit (Optional & transferable to Alumni association fund upon graduation) |
25,000 |
25,000 |
25,000 |
25,000 |
- |
- |
12 |
GST @ 18% |
4,500 |
4,500 |
4,500 |
4,500 |
- |
- |
|
TOTAL |
29,500 |
29,500 |
29,500 |
29,500 |
- |
- |
ISB reserves the right to accept delayed payment between 16th March and 15th April 2023 with late payment fee of INR 10,000/- plus taxes. The decision of authorized person of ISB shall be final in such cases.
You may download the details of fee structure for the purpose of applying for an educational Loan.
a. Taxes (*) shall be payable as per the rates applicable at the time of payment.
b. Deferral deposit remitted shall be set off against the amount payable at the time of enrolment.
c. Tuition fee waiver awarded, if any, shall stand withdrawn if the student withdraws from the programme before graduation or in case of any disciplinary action under the rules and regulations of ISB.
Other Estimated Expenses for PGP 2023-24 per Student on Campus*
S.No |
Particulars |
Approximate Amount in Indian Rupees per annum |
1 |
Books |
20,000 |
2 |
Laptop |
100,000 |
3 |
Meal Plans |
90,000 |
4 |
Other expenses towards: IT support, laundry, electricity, documentation expenses, photocopy charges etc. |
75,000 |
|
Total: |
2,85,000 |
*This is only an indicative amount
Scholarships
Scholarships by ISB
| Category | Name of the scholarship | Description | How to apply ? | Scholarship as % of Tuition Fee | Mode of disbursal |
|---|---|---|---|---|---|
| Merit | Dean Don Jacob's Memorial Scholarship | Awarded to an applicant high on merit. | No separate application required | 50% | Waiver |
| Merit | Prof.Manasa Mandava Memorial Scholarship | Awarded to a woman applicant high on merit. It will be awarded in two tranches, the first tranche 25% of the tuition fee at the start of the programme and the second after completion of the core terms. | No separate application required | 50% | Waiver |
| Merit | ISB Merit Waiver | All applicants will automatically be considered for the available merit-linked tuition waivers. | No separate application required | 25%-100% | Waiver |
| Diversity | ISB Merit by Diversity Waiver | The applicants coming from diverse back grounds in Education or Profession and high on merit will be considered. | No separate application required | 25%-100% | Waiver |
| Diversity | International Diversity Waiver | The applicants with international passport and high on merit will be considered. | No separate application required | 25%-100% | Waiver |
| Need-cum-Merit | ISB Need-cum-Merit Waiver | Family income is not more than INR 18 Lakhs (including applicant’s pre-ISB income) | Essay and Proof of income for self and family | 25% | Waiver |
| Diversity | AIESEC – ISB Waivers | The applicants who are also AIESECERs can apply for this waiver. | Essay and proof of AIESEC | 25% | Waiver |
| Diversity | Bridge to India Waiver | The applicants who are currently working abroad and are planning to come back to India can apply. | Essay | 25% | Waiver |
Scholarships Supported by Donor
| Category | Name of the scholarship | Description | How to apply ? | Scholarship as % of Tuition Fee | Scholarship Amount in Lakhs | Mode of disbursal |
|---|---|---|---|---|---|---|
| Merit | Bajaj Auto Scholarship | Bajaj Auto sponsors three merit-based scholarships. The awardees of this scholarship are known as "Bajaj Auto Scholar". | No separate application required | 100% | N/A | Waiver |
| Merit | Deepak Parayanken Tuition Waiver | Deepak Parayanken, alumnus of PGP Class of 2011 sponsors two merit-based scholarships and at least one of these is awarded to a female student. | No separate application required | N/A | 15 | Waiver |
| Need-cum-Merit | Need-cum-Merit Scholarship (Anonymous Donor) | The donor has sponsored need-based scholarships for PGP programme. The scholarship amounts will be paid into the awardees' accounts after enrolment. ISB Need-cum-merit based criteria. | ISB Need-cum-merit based application | 25%-100% | N/A | Paid to student's account |
| Merit or Need | Lakshya Scholarship for women | Bharat Forge Limited has instituted "Lakshya Scholarship for Women" to financially support a student of PGP programme every year. | No separate application required | N/A | 10 | Waiver |
| Need-cum-Merit | Anonymous Donor | The donor has sponsored need-based scholarships for PGP programme. ISB Need-cum-merit based criteria. | ISB Need-cum-merit based application | 25% | N/A | Waiver |
| Merit | Alumni Endowment Fund Tuition Waiver | The Alumni Endowment Scholarship awards two merit-based scholarships to the students of PGP programme every year. | No seperate application required | 25% | N/A | Waiver |
| Diversity, Need & Merit | Visiting faculty Scholarship | The visiting faculty scholarship is awarded to an international student of PGP programme every year. | No seperate application required | 25% | N/A | Waiver |
| Need Cum Merit or Only Need | Shapoorji Pallonji Tuition Grant | Shapoorji Pallonji sponsors a Need Cum Merit based tuition waiver to support the meritorious PGP students, every alternate year (Class of 2022, 2024, etc.). ISB Need-cum-merit based criteria. | ISB Need-cum-merit based application | 25% | N/A | Waiver |
| Need-based | Ramesh C. Khanna Nurture India Scholarship | Amit Khanna, alumnus of PGP Class of 2004, has instituted this need- based scholarship and it is awarded to student who is the sole earning member of her/his family. An essay needs to be submitted, based on which the donor would select the candidate. ISB Need-cum-merit based criteria | Essay and supporting documents | 25% | N/A | Waiver |
| Diversity or Need | Ishwar Prakash Agarwal Scholarship | Alok Aggarwal, alumnus of PGP Class of 2004, has instituted a scholarship for differently/specially abled. If none qualifies, this scholarship will next be offered to Women returning back to work after sabbatical/raising family. | Essay and supporting documents | N/A | 6 | Waiver |
| Need-based | AT&T Tuition Grant | AT&T Global Network Services has instituted two tuition waiver Scholarships to the students of PGP programme of which one will be a female student. ISB Need-cum-merit based criteria | Declaration ISB Need based application | N/A | 5 | Waiver |
| Merit or Need | Aakash Tuition Grant | Aakash Chaudhry, alumnus of PGP Class of 2004, has instituted a need /merit-based scholarship for PGP Programme. | No seperate application required | N/A | 5 | Waiver |
| Need-based | Jagannath Arora Scholarship | Neeraj Arora, alumnus of PGP Class of 2006 sponsors a need- based scholarship in the name of his father Mr. Jagannath Arora. The awardee of this scholarship is known as "Jagannath Arora Scholar". ISB Need-cum-merit based criteria. | ISB Need-cum-merit based application | N/A | 5 | Waiver |
| Need-based | PGPMAX Co 2012 Scholarship | Sponsored by the Alumni of PGPMAX Class of 2012, this need-based scholarship is awarded to applicants coming from the social sector. The applicants will have to submit an essay on "Giving back to the society", based on which the awardee would be selected. ISB Need based criteria. | Essay and supporting documents | N/A | 5 | Waiver |
| Need-based | Aditya Shembekar Scholarship | As a commemorative gesture, the alumni of PGP Class of 2013, Aditya's family, and friends instituted a scholarship known as Aditya Shemberkar scholarship which is awarded to a student of PGP programme every year. ISB Need based criteria. | ISB Need-cum-merit based application | N/A | 5 | Waiver |
Scholarships given to graduating students of ISB
| Category | Name of the scholarship | Description | How to apply ? | Scholarship as % of Tuition Fee | Mode of disbursal |
|---|---|---|---|---|---|
| Need | ISB's Develop India Scholarship | This scholarship has been instituted by the school to help graduating students of ISB venturing into social impact start-ups, Non-Profit / NGO and Development sector or are returning back to PSU/Govt Sector and have Educational loan | Application with SOP | EMI upto 24 months | Paid to the student's Loan account |
Note:
*All applicants are considered for Merit scholarships by default.
*Each applicant will be eligible to receive only one of the tuition waivers.
*The information provided aims to be accurate as far as possible at the time of publication. The school reserves the right to add, withdraw or modify any of the criteria, amount and count for all the tuition waivers/scholarships cited above at any time
Loans
✔ Collateral free loan
✔ No prepayment Charges/Foreclosure Charges
✔ Repayment Tenure as Long as 15 Years with a very low EMI
✔ 100% Tax Benefit for interest paid under Sec (80E)
AXIS BANK EDUCATION LOAN-TERM AND CONDITIONS* |
||
INDIAN SCHOOL OF BUSINESS, HYDERABAD |
||
No |
Parameters |
Details |
1 |
Eligibility |
Student should be an Indian National & have secured admission on merit basis through entrance test/selection process of the Institute |
2 |
Course Name |
PGP |
3 |
Unsecured Loan Amount |
Unsecured Loan Amount up to Rs.50 Lakhs |
4 |
Repayment Type/ Repayment Tenure/ROI |
Immediate EMI - 10 yrs - 8.25% Moratorium Applicable (Course period + 6 months) - 15 yrs - 8.25% |
5 |
Margin |
5% Margin on loan amount have above 4 Lakhs |
6 |
Processing Charges |
Applicable as per Bank norms |
7 |
Loan Disbursement |
To the Institute (Indian School of Business) |
8 |
Co-Applicant |
Applicable as per Axis Bank norms for Principal Moratorium Cases* |
15 |
Insurance |
Max Life Insurance |
16 |
Axis Bank Contact |
Jagadishwar Reddy +91-9959681469 patlolla1.reddy@axisbank.com Mr. Lakshmikanth Samaya Mobile No: +91-8297133888 Email ID: lakshmikanth.samaya@axisbank.com |
*Approval, Sanction and Disbursement Subject to Banks internal policy checks, process and eligibilty.
Maximum loan amount |
Upto 34 lacs without security |
Margin Money |
Not Required |
Repayment Period |
10 years |
Moratorium period |
12 months course + 6 months grace period ( Simple Interest to be paid during moratorium) |
Rate of Interest |
9.75% |
Repayment Options |
EMI/ SI/ Part simple interest (2,000 p.m.) |
Processing Fee Amount |
5000 + tax |
Insurance Cover |
Required |
Collateral Security |
Not Required |
Co-borrower |
Relationship Self (applicant) as primary co-borrower |
Pre-payment Charges |
No pre-payment and part payment charges |
Contact Point |
Venkata Rao Pallanti Toll-free : 1800-833-6333 | SMS: AVANSE to 56677 |
|
Loan Application | Checklist |
Maximum loan amount |
40 lacs |
Margin Money |
Nil |
Repayment Period |
- For loans up to Rs. 7.50 lakhs: Maximum 10 years (excluding moratorium) - For loans above Rs. 7.50 lakhs: Maximum 15 years (excluding moratorium) |
Moratorium period |
Course period + 1 year |
Rate of Interest |
Starting from @BRLLR + 0.25 i.e. 7.65% |
Repayment Type |
EMI/Simple Interest/Token Amt/Complete Moratorium |
Processing Fee Amount |
Nil for loan up to Rs. 40 lakhs |
Collateral Security |
- Up to Rs. 40.00 lakhs: Co-obligation of parents/guardian and assignments of future income. - Above Rs. 40.00 lakhs: Tangible collateral security equal to 100% of the loan amount plus assignment of future income |
Pre-payment Charges |
Nil |
Contact Point |
Hyderabad- ELSC Hyderabad Zone, 3-6-262/6, Thirumala Estates, 3rd Floor, Himayathnagar, Hyderabad- 500029- Email- elsc.hyderabad@bankofbaroda.co.inMr Point(s) of Contact: for Sales Mr. Venkata Rao P Mobile No: 8142400094 Mr Nagaraju Jain Mobile No: 7702755159 Mr Pieuesh Priyadarshi Chief Manager, ELSC Hyderabad Mobile No: 9470565644 MS - Santhi Supriya Officer Mobile No: 9866556944 |
Maximum loan amount |
40 Lakhs |
Interest rate |
RBLR (Presently - 6.85%) |
Repayment period |
15 Years (Excluding Moratorium Period) |
Moratorium |
Course Period + 1 year (optional) |
Margin Money |
NIL |
Collateral Security |
NIL |
Processing Fee Amount |
NIL |
Pre-payment Charges |
NIL |
Insurance Cover |
The Insurance policy to be obtained at the option of the student |
Co-borrower |
Co-obligation of parents/guardian as co-borrowers. Can be waived off in certain cases |
Contact point |
Kiran Reddy Kallem Marketing Executive, Gachibowli branch (M): 9177694804 |
|
Loan Application | Checklist |
Application type |
Online / offline application |
Eligibility |
Resident students of ISB Hyderabad / Mohali |
Quantum of loan |
Up to Rs. 40 Lakhs. |
Rate of interest |
8.30% |
Processing fee |
NIL |
Margin |
NIL |
Security |
1. No Collateral Security or Guarantor is required. |
Repayment tenure |
Repayment period is upto 15 years |
Maximum processing time |
48 hours |
Moratorium |
1. Study Period plus 1 year or 6 months after getting job, whichever is earlier. 2. Simple interest till completion of course and moratorium period. |
Repayment Penalty |
No prepayment penalty and Pre-Closure Charges |
Other Details |
All Educational loans under Vidya Turant can be covered under CSIS Scheme (Central Scheme for interest Subsidy for ELs up to 10 Lakhs for those students whose parental /family income upper limit is Rs.4.50 Lakhs). The interest subsidy is equal to the interest debited to the account during the course period moratorium period (1year+1year). |
Contact point |
Canara Bank, Madhapur Plot no: 20 & 21, Behind Bata Showroom |
Documents |
Canara Loan Application | Checklist |
Maximum loan amount |
40 lacs |
Margin Money |
Nil |
Repayment Period |
8 Years(Excluding moratorium period) for Limit upto Rs 7.50 lacs 12 yrs(Excluding moratorium period) for limits above Rs.7.50 lacs |
Moratorium period |
Course period + 3 months |
Rate of Interest |
6.7% |
Repayment Options |
Monthly repayment of EMI with option for bullet repayment |
Processing Fee Amount |
Nil |
Insurance Cover |
Comprehensive life insurance policy for the student availing Educational Loan equivalent to loan amount, for a minimum period of loan term i.e., course period + moratorium period +repayment period) assigned in favour of the Bank |
Collateral Security |
No collateral security, except assignment of present as well as future income of the student |
Co-borrower |
Not mandatory |
Pre-payment Charges |
Nil |
Contact Point |
Mr Debashish Choudhury Mobile No: 6304903731 Mrs R Swetha Mobile No: 9959158658 Mr Varun Verma Mobile No: 9959158658 |
Maximum loan amount |
Up to 45 Lakhs (Unsecured/Secured options available) |
Interest rate |
8% (Floating) |
Repayment period |
Up to 168 months. |
Acceptable Security/Collateral |
Immovable Property, Fixed Deposit. |
Co-borrower |
Father, Mother, Spouse. |
Income Tax Benefit |
Yes, possible under section 80E of the Income Tax |
Margin |
NIL |
Key Benefits |
Loan covers 100% of the cost Co-borrower Flexibility – Multicity Co-Borrower Accepted Education loan at your Door Step Repayment tenor up to 14 years Preserve your family savings for emergencies and you may get better returns by investing. Empower you to take your own financial responsibilities and also build a good credit history. |
Contact point |
HDFC CREDILA ‘s Dedicated Relationship Managers – Mr. Pradeep Nag Singh – 7799834111 Email : pradeepnags@hdfccredila.com Mr. Dibyananad Behera – 7391058833 Email : dibyananda.behera@hdfccredila.com OR Email: prasadr@hdfccredila.com |
Loan Limit |
Need based to meet expenses for completion of the course. Reimbursement is allowed for fee paid by the student if any, for the 1st semester. |
Margin |
Executive Management Program / Executive MBA (on Part time/ Distance Education mode to working professionals): – 25% For other courses(PGP- 1 year full time /Residential programme): – 15% However loan upto 100% (with Nil margin) can be considered. |
Rate of Interest (linked to Banks EBLR) |
With Co applicant ROI is 8.00% Without Co applicant ROI is 8.25% |
Security |
NIL for Loan upto Rs 40.00 Lac |
Moratorium Period |
For PGP- 1 year full time /Residential Program: Course Period + 1 Year For Executive Management Program / Executive MBA (viz. on Part time/ Distance Education mode to working professionals): NIL |
Repayment |
For PGP- 1 year full time /Residential Program: 180 EMIs/PMIs after the moratorium period Executive Management Program / Executive MBA ( on Part time/ Distance Education mode to working professionals): 120 EMIs commencing from the next month after first disbursement. |
Processing Fee |
Negotiable |
Insurance |
Group Life Insurance Policy for the Loan amount sanctioned covering the entire period of loan is mandatory [IB Vidhyarthi Suraksha (PNB Met Life) /New IB Jeevan Vidya (LICI)] or under any other policy as desired by the student |
Co borrower |
Co borrower is optional |
| Income Tax benefit | Yes, Under Section 80E of the Income Tax Act |
Sanctioning Authority |
Upto Rs. 35 Lacs by branch More than Rs. 35.Lacs - by Respective Zonal Office |
Contact |
Smt S Kalyani, Chief Manager - 9848172875/9444218960 Smt. Prohelee Das, Loan officer -040-2300 0889/7569155014 Email: gachibowli@indianbank.co.in Gachibowli Branch, Hyderabad.
Mr. Kuldeep Singh –Branch Manager- 7986352538 Ms.Bhumika Rathore –ABM- 9872547443 Indian School of Business (On campus), Mohali Email: isbmohali@indianbank.co.in |
Maximum loan amount |
As per eligibility* |
Repayment Period |
Up to 144 months |
Rate of Interest |
8% |
Repayment Options |
EMI / SI / Partial SI / Moratorium* |
Processing Fee Amount |
5000 + tax* |
Insurance Cover |
Required |
Co-borrower |
Yes |
Contact Point |
Rajesh Modem – 9550765234 rajesh.modem@idfcfirstbank.com Toll-free : 1860-500-9900 |
*TnC - Approval, Sanction & Disbursement and Repayment subject to Banks internal policy checks, process and eligibility
Maximum loan amount Unsecured loan amount |
Min INR 1 Lakh and Max Up to INR 50 Lakhs INR 40 Lakhs |
Interest rate |
8.5% |
Processing Fee |
1% of loan sanction |
Margin |
NIL |
Repayment Type in Moratorium |
Simple Interest / EMI |
Repayment period after Moratorium |
10-12 Years after Moratorium |
Principal Moratorium Period |
Course Period + Six Months |
Collateral / Security Collateral / Security accepted |
100% collateral for loan above 40 lakhs Fixed Deposit –FD, House, Flat, Existing HL with ICICI Bank |
Insurance Available (optional) |
ICICI Prudential/Lombard |
Pre-payment and Part payment Pre-payment/ pre-closure charges |
Available NIL |
Disbursement Frequency Co-borrower Relationships Accepted Co-Borrower Locations Accepted |
As per Institute requirement Father/Mother/Spouse/Brother/Sister/Parents In Law/ Grand Parents Not Required for applicants with More than 3 Years of Work Experience. Only Moratorium Interest FD As per the Bank’s Listed Location |
Contact point |
Regional Head Zone ; Location ; Mobile No ; Email ID ; Ashwin Kumar ; AP & Telangana ; 9985784567 ; ashwin.bm@icicibank.com Arijit Basu ; East - WB, Odisha,CG, Bihar ; 8585063001 ; arijit.basu@icicibank.com Gajendra Bisht ; North - Jaipur, Chandigarh ; 8146608224 ; gajendra.bisht@icicibank.com Prabhash Singh ; Delhi NCR ; 9326952783 ; prabhash.singh@icicibank.com Rakesh Mistry ; Mumbai & Gujarat ; 9930064152 ; rakesh.mistry@icicibank.com Chandra Chittoori ; Karnataka ; 9972819746 ; chandrabhanu.chittoori@icicibank.com Balaji CS ; Chennai ; 9941504900 ; balaji.cs@icicibank.com Tamojit Rakshit ; Pune, Indore & Bhopal ; 8888857812 ; tamojit.rakshit@icicibank.com |
Alternate contact (In case of the local contact not responding) |
Name: Mr. Chakravarthy MVSK (North and East India) Mobile: +91 9321900686 Email: chakravarthy.mvsk@icicibank.com Name: Mr. Vineet Singh (West and South India) Mobile: +91 8879769632 Email: singh.vineet@icicibank.com |
Please Note: *This is a special pricing rate for 2020 and applicable till further notice. Information concerning any of the above rates of interest and other loan conditions are subject to change. All loan sanctions are subject to the bank’s internal policy from time to time.
validity 28/12/2020_to_27/12/2021
Maximum loan amount |
35.00 Lacs Margin Money- NIL |
Interest rate |
7.00% (for loans above Rs.7.50 Lacs) |
Repayment period |
15 years (Excluding moratorium period) Repayment Option- EMI (After moratorium period |
Moratorium period |
Course period + 1 year |
Insurance Cover Co-borrower |
Optional Parent/Guardian as Co-Borrower |
Charges |
Processing fee: NIL Collateral Security: NIL Pre-Payment Charges: NIL |
Contact point |
Ms Phebe Gloria- Senior Manager Phone No: 9866684965 |
Loan Application and Check List below |
|
Prodigy Finance’s innovative lending model offers community-funded loans to international students at the world’s top business schools, including the Indian School of Business. While banks base their loan decisions on historical salaries and assets, Prodigy Finance looks to the future. We assess applicants’ future earning potential to determine loan affordability. Our model is borderless, allowing us to offer competitive rates to students from 150 nationalities.
Eligibility: Accepted international (non-Indian passport holders) students into the Post Graduate Programme in Management (PGP).
Apply for a loan with Prodigy Finance.
Disclaimer: Prodigy Finance Ltd is incorporated in the United Kingdom (Company Number 05912562) and registered with the Office of the Information Commissioner (Reg. No. Z9851854). Prodigy Finance Ltd is authorised and regulated by the Financial Conduct Authority, and entered on the Financial Services Register under firm registration number 612713. Prodigy's registered address is 25 Foubert’s Place, London, W1F 7QF.
Maximum loan amount |
Maximum up to 30 lakhs |
Interest rate |
UCO Float Rate + 0.15% i.e. 8.20% (8.05+0.15=8.20) currently |
Processing Fee |
Nil |
Margin |
Nil |
Repayment |
Repayment of the loan will be in maximum 180 equated monthly installments (EMIs*) i.e. 15 years after repayment holiday/moratorium period |
Moratorium Period |
Course period + 1 year after completion of study |
Security |
No security required |
Insurance |
Maximum loan amount Rs. 30 lacs (inclusive of group credit life insurance premium) |
Contact point |
Hyderabad |
Maximum loan amount |
Rs.43.00 Lakh |
Interest rate |
EBLR-0.45% (Presently - 8.25%) |
Processing Fee |
Nil |
Repayment period |
15 Years (Excluding Moratorium Period) |
Moratorium |
1 year (Course Period) + 1 year |
Collateral / Security |
Nil |
Insurance Cover |
Mandatory |
Payment of Interest |
Servicing of Interest during course/moratorium period is optional. |
Pre-payment charges |
Nil |
Co-Borrower |
Nil |
Contact point |
Hyderabad: Mr.K. Srinivas Chief Manager, RLP Head (M): 8919781522 Email: ubin0577332@unionbankofindia.bank Mr. Moru Radha Krishna Chief Manager, RLP Head (M): 9391040525 Email: ulp.saifabad@unionbankofindia.bank Mr. K. Venkatalaxmi Prasad Chief Manager, RLP Head (M): 8142140747 Email: ulp.gachibowli@unionbankofindia.bank Mr. Anil Kumar Chief Manager, RLP Head (M): 8897411055 Email: ulp.hyderabadkoti@unionbankofindia.bank Mr. Hemanth Chief Manager, RLP Head (M): 9000965370 Email: ulphyderabad@unionbankofindia.bank Mr. D Raja Chief Manager, RLP Head (M): 9843773009 Email: draja@unionbankofindia.bank Ms.G Jareena Begum Chief Manager, RLP Head (M): 9908768091 Email: ulp.secunderabad@unionbankofindia.bank Mohali/ Chandigarh: Mr. Upendra Rai Chief Manager, RLP Head (M): 9650083687 Email: ubin0556581@unionbankofindia.bank Mr. Jahid Khan Chief Manager, RLP Head (M): 9672991064 Email: ulpmohali@unionbankofindia.bank Bengaluru: Mr. K. Srinath Reddy Chief Manager, RLP Head (M): 9633848624 Email: ubin0563285@unionbankofindia.bank Chennai: Mr.Prem Kumar E. Chief Manager, RLP Head (M): 9962344247 Email: ubin0563277@unionbankofindia.bank Delhi: Mr. Rishu Srivastav Chief Manager, RLP Head (M): 8308332388 Email: ulpdelhimb@unionbankofindia.bank Kolkata: Mr.Saurabh Saurya Chief Manager, RLP Head (M): 7030910869 Email: ubin0556203@unionbankofindia.bank Mumbai: Mr.Niraj Kumar Chief Manager, RLP Head (M):7604018699 Email: ulpmumbaib@unionbankofindia.bank Mr. Pranay Goyal Chief Manager, RLP Head (M): 8982694979 Email: ulp.andheri@unionbankofindia.bank |
Availment of Loan |
The Student can avail the loan from nearest ULPs(Specialized Retail Loan Branches) across the Country or any of the nearest Union Bank of India, Bank Branch |
Maximum Loan Amount |
Max Unsecured up to 90% of the total cost or 50 lacs whichever is less |
Interest rate |
Starting at *8.50% P.A. (Repo Rate + 2.60%) |
Processing Fee |
1% (inclusive of GST) |
Margin |
10% |
Repayment |
|
Moratorium Period |
Nil |
| Co-borrower | Parents / Grandparents / Spouse / Brother / Sister / Legal Guardian |
Insurance |
As applicable |
Contact point |
North & East – Ankit Jain – +91-9654611713 South – Pramod Shetty – +91-9538397788 West – Prashant Singh - +91-7045359707 Central Team – Sandeep Date - +91-9819502354 |
