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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.
|
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 |
|
|
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 |
|
|
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 |
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 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 |
|
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 |
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. |
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
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 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 |
| 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 Email: ulpmadhapur@unionbankofindia.com; css@unionbankofindia.com Mr. M Hemanth Kumar Email: ulphyderabad@unionbankofindia.com; D Shakila, Email: ulpkoti@unionbankofindia.com; Mr. Koka Srinivas Chief Manager Mobile No: 8919781522
Mohali Rajesh 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 |