Programme Expenses

Programme Expenses

Post Graduate Programme in Management Fee Payment Schedule For 2022 - 23


1

Admission fee (Partially-refundable) – Payable by date mentioned in your offer letter

2,50,000

2

GST @ 18%

45,000

 

Total admission fee (Partially refundable as per policy & Payable along with acceptance of offer of admission

Rs.2,95,000

Other Fees (Students have the option of paying the other fees either in one installment or two installments as below).

 

 

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 09-03-2022

Due on or before 09-03-2022

Due on or before 21-09-2022

3

Tuition fee

25,52,000

25,52,000

12,76,000

12,76,000

12,76,000

12,76,000

4

Accommodation fee

2,17,000

3,12,000

1,08,500

1,56,000

1,08,500

1,56,000

5

Onetime fee for ISB Alumni for use of ISB Library & Recreation Center

15,000

15,000

15,000

15,000

-

-

 

Total

27,84,000

28,79,000

13,99,500

14,47,000

13,84,500

14,32,000

6

Interest @ 6% on 2nd Installment

-

-

-

-

44,607

46,138

 

Subtotal

27,84,000

28,79,000

13,99,500

14,47,000

14,29,107

14,78,138

7

GST @18%

5,01,120

5,18,220

2,51,910

2,60,460

2,57,239

2,66,065

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

- -

 

Total payable (SI.No. 3-8)

33,05,120

34,17,220

16,71,410

17,27,460

16,86,346

17,44,203

9

Insurance Premium towadrs hospitalization insurance policy payable along with fees per year insurance premium calculator.

At Actuals

At Actuals

At Actuals

At Actuals

-

-

10 

Alumni Association Membership deposit (Optional & transferable to Alumni association fund upon graduation)

25,000

25,000

25,000

25,000

-

-

11

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 9th March and 2nd April 2022 with late payment fee of INR 10,000 plus taxes on case-to-case basis. 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. Tution 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 2022-23 per Student on Campus*

S.No

Particulars

Approximate Amount in Indian Rupees per annum

1

Books

20,000

2

Laptop

75,000

3

Meal Plans

75,000

4

Other expenses towards:

IT support, laundry, electricity, documentation expenses, photocopy charges etc.

50,000

 

Total:

2,20,000

*This is only an indicative amount

* Fee Payment Schedule for 2023-24 will be updated soon

Scholarships

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


✔   Principal Moratorium available
✔   No prepayment 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.40 Lakhs

4

ROI

11% (floating rate linked with Repo Rate)

5

Security

Loans above 40 lakhs, collateral security as per Axis bank norms.

6

Margin

5% Margin on loan amount have above 4 Lakhs

7

Processing Charges

As applicable

8

Pre-payment Charge

NIL

9

Pre Closure Penalty

NIL

10

Repayment Type

Interest Servicing During Course

11

Moratorium Period

Course Period + Maximum of 12 months (Optional)

12

Repayment Tenure

Maximum 180 Months / 15 Years

13

Loan Disbursement

To the Institute (Indian School of Business)

14

Co-Applicant

1 Father

2 Mother

3 Brother & Sister

4 Spouse or Parents in law for married applicants

5 Grand Parents if parents are not there

15

Insurance

Max Life Insurance

16

Axis Bank Contact

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.

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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

Smt S Kalyani, Chief Manager - 9848172875/9444218960

Smt. Prohelee Das, Loan officer -040-2300 0889

Email: gachibowli@indianbank.co.in

Gachibowli Branch, Hyderabad.


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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

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Maximum loan amount

Rs.40 Lakhs (incl GST)

Margin Money

0

Course Period

14 Months

Repayment Period

180 Months

Moratorium period

12 Months

Rate of Interest

7.50% floating (with or without co-borrower after 0.60% concession)

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. Balla Dayakar, Chief Manager: 9949031301

2.     Mr. A Harinath, Manager: 8008179998

3.     Mrs. B. Bhavana, Deputy Manager: 8019727337

4.     Mr. Likhith, special point of contact: 7893879124

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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

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.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

PGP Management