Fee and Financial Aid

Programme Expenses

Scholarships

Waivers awarded at the time of admission

1) Merit Waivers: Awarded based on the overall weighted scores at the end of the selection process. Up to 40 scholarships varying from INR 5 Lakhs to full tuition fee are awarded to eligible candidates at the discretion of the Adcom.

2) Need-Based Waivers: ISB and Corporate donors’ together award up to 40 scholarships of INR 5 Lakhs each to deserving candidates whose family income is not more than INR 12 Lakhs (including applicant’s pre-ISB income). Candidates have to submit an essay and proof of income to be eligible for the need-based waiver

3) ISB Merit by Diversity: ISB believes that diversity enriches the learning experience both inside and outside the Class. To encourage students with diverse profiles ISB gives scholarships of INR 5 Lakhs to up to 10 students.

4) AIESEC – ISB Waivers: Up to 3 scholarships of INR 5 Lakhs are given to AIESECers. An essay needs to be submitted for the same.

5) International Diversity: ISB offers up to 30 scholarships of varying amounts to deserving international students.

6) Bridge to India: This scholarship is given to Indian origin students currently working abroad, who plan to move back to India. INR 5 – 10 Lakhs scholarships are awarded to up to 5 students. Eligible students would have to submit an essay for the same.

Scholarships given after the PGP admission offers are rolled out

1) Ramesh C. Khanna Nurture India Scholarship: This need- based scholarship of INR 5 Lacs is instituted by Amit Khanna, alumnus, and Founder, Phoenix Holdings and is awarded students who are the sole earning members in their families. An essay needs to be submitted, basis which the donor would select the candidate.

2) PGPMAX Co 2012 Scholarship: Sponsored by the Alumni of PGPMAX Class of 2012, this need-based scholarship of INR 5 Lacs is awarded to applicants coming from the social sector. The applicants will have to submit an essay on giving back to the society, basis which the awardee would be selected.

3) Bajaj Auto Scholar: Bajaj Auto sponsors three merit-based scholarships. The awardee of this scholarship is known as “Bajaj Auto Scholar”.

4) 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.

5) Visiting faculty Scholarship: The visiting faculty scholarship is awarded to an international student of PGP programme every year.

6) Shapoorji Pallonji Tuition Grant: Shapoorji Pallonji sponsors a need-based/merit-based tuition waiver to support the meritorious PGP students, every alternate year (Class of 2022, 2024, etc.).

7) 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.

8) Anonymous Donors: The donors have sponsored need-based scholarships for PGP programme.

9) Alumni Endowment Fund Scholarship: The Alumni Endowment Scholarship awards two merit-based scholarships to the students of PGP programme every year.

10) Deepak Parayanken Scholarship: Deepak Parayanken, alumnus of PGP Class of 2011 sponsors two merit-based scholarships.

11) AT&T Scholarship: AT&T Global Network Services has instituted two tuition waivers to the students of PGP programme of which one will be a female student.

12) Lakshya Scholarship for Women: Bharat Forge Limited has instituted Lakshya Scholarship for Women to financially support the student of PGP programme every year.

13) Aakash Tuition Grant: Aakash Chaudhry, alumnus of PGP Class of 2004, has instituted a need /merit-based scholarship for PGP Programme.

Scholarships given to graduating students of ISB

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.

Note:

^{*All applicants are considered for Merit scholarships by default.}

^{*All tuition waivers will be adjusted against the payable tuition fee and will not be disbursed directly to the student.}

^{*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 cited above at any time.}

Loans

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 Parents/Siblings/Spouse as additional co-borrower
Pre-payment Charges	No pre payment and part payment charges
Contact Point	Venkata Rao Pallanti Mobile No.: 8142400094 E-mail ID: venkatarao.pallanti@avanse.com Toll-free : 1800-833-6333 \| SMS: AVANSE to 56677
	Loan Application \| Checklist

Maximum loan amount	Salaried Individuals: Up to Rs. 1 crore Self-employed: Up to Rs. 3 crore with suitable collateral
Interest rate	Starting from 9.6%, with a loan against 75% of the property value
Repayment period	Maximum tenor up to 20 years
Moratorium	Pay only interest as EMI. Repay the principal at the end of the tenor.
Collateral	Mortgage property.
Security	Co-borrower required, Property on name of self, Parents, Spouse.
EMI Payment option	Flexi Payment option with a long tenor ranging from 2 to 20 years. By adding the Flexi Hybrid feature to the loan, withdraw and borrow from the credit limit multiple times and pay only interest as EMI. Repay the principal at the end of the tenor.
Pre-payment/ pre-closure charges	No charge on part pre-payment, managing and repaying the loan becomes more cost-effective.
Insurance Cover	Not compulsory.
Processing Fees	Processing Fees Maximum upto 1%** of the disbursal amount
Contact point	Salaried Customer salaried.lap1@bajajfinserv.in Self-employed Customer loanagainstproperty@bajajfinserv.in Customer Care Number 18002091999
	Loan Application

Maximum loan amount (Collateral security Free)	Maximum up to Rs. 40 lakhs
Interest rate	@BRLLR i.e. 8.10%
Processing Fee	Nil for loan up to Rs. 40 lakhs
Margin	Nil
Repayment Type	EMI/Simple Interest/Token Amt/Complete Moratorium
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	Course period + 1 year
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 Bank of Baroda, Hitech City Branch, 291/14/6/1, Ground floor, Bhaskar Empire - 500081 Contact No. 040-23118828 040-23421647 / 646 \| Email: cybhyd@bankofbaroda.com Point(s) of Contact: Mr. J.V.Durga Prasad Rao Contact Number. +91-9030133315 Mr. Rahul Reddy R Senior Manager, SMS Hyderabad Contact No. +91-8905442984 Mr. T V V S Sarma Chief Manager Contact No. +91-7993316545 Mohali Point(s) of Contact: Mr. Yogesh Kumar Solanki Chief Manager Contact No. +91-8558846415, 0172-5063468

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

Eligibility	All Nepalese Students admitted for Post Graduate Programme in Management Course offered by ISB
Maximum loan amount	NPR 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
Moratorium	None
EMI	Standard - NPR 1,435.00 Per one hundred thousand EMI starts from the next month from the date of disbursement
EMI Repayment Source	Income of the student's Parents/Sponsors
Security	Registered 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 SWIFT: BOKLNPKA Telex: 2820 BOK NP Tel: (977 1) 4414541 Fax: (977 1) 4418990 Email: info@bok.com.np

Application type	Online / offline application
Eligibility	Resident students of ISB Hyderabad / Mohali Students should be Indian nationals
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. 2. Loan will be given jointly to student and parent/guardian as co-applicant. 3. Joint borrowership can be waived, but Rate of interest to be charged 0.60% extra.(RLLR+0.60)
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). Life insurance coverage is mandatory under vidya surakasha yojana scheme.
Contact point	Canara Bank, Madhapur Plot no: 20 & 21, Behind Bata Showroom Megha hills, Madhapur, Hyderabad 500081. Phone: 040-23110210 Mobile: 7382932209, 9396715778. Cb3091@canarabank.com
Documents	Canara Loan Application \| Checklist

Maximum loan amount	Up to 42 Lakhs (Unsecured/Secured options available)
Interest rate	Starts from 6.95%(Fixed for 3 Years)
Repayment period	Up to 168 months.
Acceptable Security/Collateral	Immovable Property, Fixed Deposit.
Co-borrower	Father, Mother, Siblings.
Income Tax Benefit	Yes, possible under section 80E of the Income Ta
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	CREDILA ‘s Dedicated Relationship Managers – Mr. Pradeep Nag Singh – 7799834111 – HYDERABAD Mr. Bhupender Singh- 8588887435 –MOHALI OR Email: indiamba2021@hdfccredila.com
	Loan Application Form

Scheme	Educational loan facility by Indian Bank Gachibowli to ISB Students who are intending to join in fresh batch 2021-22
Maximum loan amount	Rs 40,00,000/-(Based on Eligibility as per Fee Structure)
Rate of Interest	Repo based Interest changes from time to time presently 7% (women)i.e. 4%(Repo)+2.80(Prime Spread)+ 0.20%(Spread) 7.15%(men) i.e. 4%(Repo)+2.80(Prime Spread)+ 0.35%(Spread)
Primary Security	Assignment of Future income of Applicant Co obligation of Co applicant
Margin Money	5%
Repayment Period	15 Years (Max) i.e 180 Months
Moratorium Period	Course period+1 Year
Pre Payment charges	NIL
Insurance Cover	IB Educational loan linked Group insurance like IB Vidyarthi Suraksha, ETC
Repayment Options	ECS, Standing Instructions from SB, NEFT/RTGS from salary accounts of applicant etc.
Collateral	NIL
Processing Fee	NIL
Co-Borrower	Father/Mother/Spouse
Contact point	Sangeetha, Sr Manager, Mob No 9912295620 N.V.S.Siva Prasad, Chief Manager, Mob No 9003299865
CheckList	Loan Application

Maximum loan amount	Rs. 40 Lakhs
Interest rate	One Month MCLR + 0.05 % per annum fixed Presently applicable ROI is 7.00%
Repayment period	13 Years (excluding moratorium period)
Moratorium	1 Year (course period) + 1 year or 6 months after getting job whichever is earlier
Security	Nil
Payment of Interest	Will be collected as a part of the EMI after the moratorium
Pre-payment Charges	NIL
Collateral Security	NIL
Processing Charges	NIL
Documentation Charges	NIL
Insurance Cover	Not mandatory
Co-Borrower	Either Parents or Spouse
Contact point	Hyderabad State Bank of India, HUC Branch, Gachibowli, Hyderabad - 500019 Branch Email : sbi.05916@sbi.co.in Contact Persons : Surya Prakash Rao, Chief Manager : +91- 9949031301 V Bharathi, Deputy Branch Manager : +91-9985531122 Thushar Kowshik, Deputy Manager : +91- 9849811382	Mohali State Bank of India, Phase - I Branch, Mohali - 160055 Branch Email: sbi.1828@sbi.co.in Contact Persons : Mr. Jivan Sharma, Branch Manager : +91- 9779585007

Maximum loan amount	Maximum Rs. 30.00 lakhs.
Guarantor/Surety/ Collateral	Guarantee of parent.
Margin	5%
Interest rate	BR+ 0.50 (Presently 10.20%) If interest is served during Moratorium period, otherwise 1% additional interest. 0.5% concession to girl students.
Add ons	Student 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)
Moratorium	Course 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, 2^nd Floor, Khairatabad, Hyderabad, Tele-Phone No : 040-23394095/6363 E-mail ID: ro.hyderabad@syndicatebank.co.in Mrs. C Padma, Asst. Gen Manager , +91 - 9440905228 Mrs. Anuradha S Karunaker Manager- Retail Credit +91-9849668663 Mr. Praveen kumar. Asst. Manager -Marketing +91-8332996884 Mr. Yogendra Kr Singh, Asst. Manager- Marketing +91-9440905220
	Loan Application Form \| Check-list

Maximum loan amount	Up to 20 lakhs (inclusive of insurance cover on the loan amount) More than 20 lakhs (on case to case basis with collateral as security)
Interest rate	8.50% p.a. (One year MCLR presently)
Repayment period	15 Years after moratorium
Moratorium	18 Months or soon after placement, whichever is earlier
EMI	Standard
Security	1) Co-applicant OR 2) Personal Guarantor (preferably parent or spouse) Acceptable by the bank 3) Collateral required for loans more than 20 lakhs
Payment of Interest	Will be collected as a part of the EMI after the moratorium, whenever the repayment commences.
Pre-payment Charges	NIL
Insurance Cover	On the loan amount availed (Required)
Contact Details	1) Gachibowli: Contact No. 040-23004347 Email : bm4131@vijayabank.co.in 2) RACPC –Hyderabad: Contact No. 040-23220940, 7036794300 (Mr. Srinivas Dasari) Email : hydracpc@vijayabank.co.in

Maximum loan amount	INR 30 Lakhs or 100% of the total cost of the programme whichever is lower (inclusive of insurance cover)
Interest rate	FLOATING RATE OF INTEREST All amounts: 8.25%
Co-Applicant	Co-applicant is mandatory for all the loans. The loan documents should be executed by both, the student and the co-applicant/s
Repayment period	Repayment of loan will be in equated monthly installments for a period of upto 15 years after completion of moratorium period
Moratorium	Course period + 1 year or soon after placement, whichever is earlier
Security	No security for loans upto INR 30 lakhs for students who have secured admission to ISB Hyderabad and Mohali Campuses
Insurance Cover	Insurance of Borrower/s is optional as per the requirement of the Borrower/s
Documents	(a) Applicant: - Age proof - ID proof - Address proof - Marksheets of last qualifying examination - Proof of admission (before disbursement), scholarship, etc. - Schedule of expenses for the specified course (b) Co-applicant: - Age proof - ID proof - Address proof - Signature proof - Employment or Business or Income proof
Contact point	Sudheshna Rangu, Assistant Manager IDBI Bank Ltd, Gachibowli Branch Near IIIT junction, JNIBF Campus Gachibowli, Hyderabad - 500032 Mob: 9094553246

Maximum loan amount	Up to Rs.30.00 lacs Loans above Rs..30.00 lacs shall be considered on case to case basis.
Interest rate	One year MCLR + 0.10 % presently 8.55%
Repayment period	15 years
Moratorium	Course period +1 year or 6 months after getting job, whichever is earlier
Security	· Parents to be co-obligants · No Collateral security required
Payment of Interest	Course period + 1 year or 6 months after getting job, whichever is earlier
Charges	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 Required	1. 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	CONTACT: Mohd. Maqsud Ali, AGM – 9848384195 V. Satyanarayana, Chief Manager – 9676729292 Punjab National Bank, Bank Street, Abids, Hyderabad Landline: 040-24744534, 24741205, 24605688 email: bo0207@pnb.co.in
	Loan Application Form \| Check-list


Maximum loan amount Unsecured loan amount	Min INR 1 Lakh and Max Up to INR 50 Lakhs INR 40 Lakhs
Interest rate	9.99%
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	Click Here

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

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.

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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 M Srinivass Chary, Branch Head, Suryanagar Branch Contact No. 040-23563006, 23560989 Hyderabad Manoj Kumar Bhukya, Branch Head, Gachibowli Branch Contact No. 040-23005022 Hyderabad B Murali Krishna, Branch Head, Madhapur Branch Contact No. 040-23110118 Chandan Bandha, Manager- Marketing Contact No. 9337355588

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Maximum loan amount	Rs.42.74 Lakh
Interest rate	EBLR (Presently - 6.80%)
Processing Fee	Nil
Repayment period	15 Years (Excluding Moratorium Period)
Moratorium	1 year (Course Period) + 1 year or 6 months after getting employment whichever earlier
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. Chavali S Srinivas Chief Manager, ULP Head (M): 88070 05185 Email: ulpmadhapur@unionbankofindia.com; css@unionbankofindia.com Mr. M Hemanth Kumar Chief Manager, ULP Head (M): 9000965370 Email: ulphyderabad@unionbankofindia.com; D Shakila, Chief Manager, ULP Head (M): 8333942416 Email: ulpkoti@unionbankofindia.com; Mohali Rajesh Chief Manager, ULP Head (M): 9866653911 Email: ulpmohali@unionbankofindia.com
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