Programme Expenses

 
Scholarships

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.

 

 

 

 

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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

 

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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

 

 

 

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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

 

 

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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

 

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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

 

 

Print

 

Maximum loan amount

Up to 40 Lakhs (Unsecured/Secured options available)

Interest rate 

Starts from 6.70% (Fixed for 3 Years)

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 – HYDERABAD

Mr. Navjot Singh – 8956129522 - MOHALI

OR Email: indiamba2022@hdfccredila.com

 

 

 

 

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Loan Limit

Need based to meet expenses for completion of the course. For Executive Management Program / Executive MBA maximum loan amount is Rs.25.00 lac.  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) Repo Rate  + 2.80% , present effective ROI shall be 7.20% (Present Repo Rate  being 4.40%)
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 0.15% subject to a maximum of Rs.3000/-
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

Either of the Parents or spouse or guardian has to join as co-applicant.

Sanctioning Authority

Any branch headed by AGM/CM – Upto Rs.35 lacs

Other Branches-Respective Zonal Office

Contact

Sri B.V.P. Raju, Assistant General Manager –9910202239,

Smt. ASVL Surya Prabha , Senior Manager - 9849547312

Gachibowli Branch, Hyderabad.   

Email: gachibowli@indianbank.co.in

 

 

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Maximum loan amount

   Rs.35 Lakhs (incl GST)

Margin Money 

   0

Course Period

   14 Months

Repayment Period

   180 Months

Moratorium period  

   12 Months

Rate of Interest

    One Year MCLR+ 0.05 % per annum floating

    (Presently Applicable ROI is 6.70%)

Repayment Options 

    Servicing the interest during course period and 

    Moratorium Period to be mandatory.

Processing Fee Amount

    Nil

Insurance Cover 

   Life Insurance of the student will be covered under Rinn

   Raksha scheme or any other scheme in vogue in SBI

   from time to time.

  • Premium will be a part of the expenses considered for

   total loan amount

Collateral Security

   Nil

Co-borrower

   Optional

Pre-payment Charges

   NIL

Contact point

  SBI HUC Br Hyderabad:

  1.      Mr.Nithin Kumar, Chief Manager: 9949031301.

  2.      Mr. A Harinath, Manager: 8008179998,

  3.      Mrs.Gouthami, Deputy Manager: 9398667600.

  SBI Mohali:

  1.      Mr. Pravin Kumar Jha Murli, Chief Manager: 9779544099.

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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

 

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

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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.comcss@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

Mr. Koka Srinivas

Chief Manager

Mobile No: 8919781522

 

Mohali

Rajesh
Chief Manager, ULP Head
(M): 9866653911

Email: ulpmohali@unionbankofindia.com

Mr. Satish Kumar Jha

Chief Manager

Mobile No:9424621889; 6283684270

 

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

Connect With Us

Working Hours (IST)

Monday to Friday, 10:00 to 17:00