Fee and Financing

Axis Bank

✔ 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
S 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 lakh
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 above 4 lakh
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*
9	Insurance	Max Life Insurance
10	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 bank's internal policy checks, process and eligibilty

Bank of Baroda

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 - 0.60 i.e. 8.55%
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 - Co-obligation of parents/guardian as co-borrowers. Can be waived off in certain cases
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. Kiran Kumar M P Mobile No: 9292207262 Mr D Satyanarayana Raju Chief Manager, ELSC Hyderabad Mobile No: 9030912231 Mr D Ranjit Darahas Manager, Mobile No: 8297687339

Central Bank

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	TBA
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. Sakaray Srinivas Branch Manager Mobile No: 6304903731 Mr. Mohan Kumar Asst Manager Mobile No: 9441822855 Hyderabad - Kukatpally branch Mr K. Vijay Kumar Mobile No: 9618978883

HDFC Credila

Maximum loan amount	Up to 45 Lakhs (Unsecured/Secured options available)
Interest rate	8.95% Onwards
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. Dibyananad Behera – 7391058833 Email : dibyananda.behera@hdfccredila.com Mr. Nitesh kumar – 7799834111 Email : nitesh.kumar@hdfccredila.com

Indian Bank

Loan Amount	Need based to meet expenses for completion of the course. Reimbursement is allowed for fee paid by the student if any, for the 1^st semester.
Margin	(PGP- 1 year full time/ Residential programme): -15% However loan upto 100% (With Nil margin) can be considered.
Rate of Interest	ROI 8.10
Security	NIL for Loan uptoRs. 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	NIL
Insurance	Group Life Insurance Policy for the Loan amount sanctioned covering the entire period of loan is mandatory [ IB VidhyarthiSuraksha (PNB Met Life)/ New IB JeevanVidya (LIC)] 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
Contact	Hyderabad Deepak Singh Chief Manager - 9848172875/9444218960 Smt. Prohelee Das, Loan officer -040-2300 0889 Gachibowli Branch, Hyderabad. Email: gachibowli@indianbank.co.in Mohali Smt. Smriti , Senior Manager– 9161875222 Smt.Bhumika Rathre ,Assistant Manager- 9872547443 Email: isbmohali@indianbank.co.in ISB Mohali Campus branch, Mohali

State Bank of India

Maximum loan amount	Rs.50 Lakhs (incl GST)
Margin Money	0
Course Period	12 Months
Repayment Period	180 Months after moratorium
Moratorium period	Course Period + 6months if job obtained otherwise course period + 12months
Rate of Interest(EBLR+CRP+BSP=8.55% + CRP+BSP)	8.20% Floating
Repayment Options	Servicing the interest during course period and Moratorium Period - Optional
Processing Fee Amount	NIL
Insurance Cover	Life Insurance for the student/ loan insurance is available. Applicant can opt for any suitable policy from SBI Life insurance- Optional Premium can 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 05916: 1. Ms.Debajani Pradhan, Chief Manager: 9949031301 2. Ms. Jayashree Nirmalya, Manager: 8247869002 3. Miss. Anmol Mohan, Field Officer: 7032659200 4. Mr. Likhith, Special Point of Contact: 7893879124 Mohali 1. Mr.Deepak Kumar CM 9766939993 2. Mr. Prachi Sehgal DBM 9418345279
Branch Address	STATE BANK OF INDIA, ( Hyderabad) Hyderabad University Campus Branch(05916) opp: University of Hyderabad, Gachibowli, Serilingampally Mandal, Ranga Reddy District, Telangana-500019 EMAIL: sbi.05916@sbi.co.in SBI Mohali Campus, SCO 35, Near Franco Hotel, Phase 1, Mohali

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Punjab National Bank

Maximum loan amount	35.00 Lacs*
Margin Money	NIL
Repayment	15 years(Excluding Course Period and moratorium period of 1 Year)
Moratorium period	Course period+1 year
Rate of Interest	8.20% (for loans above Rs.7.50 Lacs) The change in applicable rates will be effective from the next working day as and when RBI amends the repo rate.
Repayment Options	EMI (After moratorium period)
Processing Fees	NIL
Insurance cover	Mandatory
Collateral security	NIL
Co Borrower	Parent/Guardian as Co-Borrower
Pre-Payment Charges	NIL
Contact person	Mr.Sundeep Katchi - 8121530510 , Email ID: cac8384@pnb.co.in Mrs. Neha Kumari - 8076477668

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Union Bank of India

Maximum loan amount	Rs.50.00 Lakh
Interest rate	EBLR-1.10% (Presently: 8.15%) (New EBLR-9.25%)
Processing Fee	Nil
Repayment period	15 Years (Excluding Moratorium Period)
Moratorium	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	To Apply for the Loan: https://instaloan.unionbankofindia.co.in/online/educationlanding Hyderabad: Mr. Koka Srinivas Chief Manager, RLP Head (M): 9704222591 Email: ubin0577332@unionbankofindia.bank Mr. Moru Radha Krishna Chief Manager, RLP Head (M): 9391040525 Email: ulp.saifabad@unionbankofindia.bank Mr. Mylavarapu Hemanth Xumar Chief Manager, RLP Head (M): 9000965370 Email: ulp.gachibowli@unionbankofindia.bank Mr. Anil Kumar Chief Manager, RLP Head (M): 8897411055 Email: rilp.hyderabadkoti@unionbanI‹ofindia.bank Mrs. D. Shakeela Chief Manager, RLP Head (M): 8333942416 Email: ulphyderqbad@unionbankofindia.bank Mr. Y. Maruthi Chief Manager, RLP Head (M): 9963335664 Email:rlp2.secunderabad@unionbankofindia.bank Ms. G Jareena Begum Chief Manager, RLP Head (M): 9908768091 Email: ulp.secunderabad@unionbankofindia.bank Chandigarh Mr. Amit Kumar Meena Chief Manager, RLP Head (M): 9928212271 Email: ubin05565816@unionbankofindia.bank Mohali Mr. Vahid Khan Chief Manager, RLP Head (M): 9672991064 Email: ulpmohali@unionhankofindia.bank, ubin0563188@unionbankofindia.bank Bengaluru: Mr. Dhanasekar K. Chief Manager, RLP Head (M): 9840840218 Email: ubin0563285@unionbankofindia.bank Chennai: Mr. Mahesh Kumar Chief Manager, RLP Head (M): 9899688723 Email: ulpchennaib@unionbankofindia.bank Delhi: Mr. Vikas Chandra Singh Chief Manager, RLP Head (M): 9899199062 Email: ulpdelhimb@unionbankofindia.bank Kolkata: Mr. Dipak Kumar Tiwari Chief Manager, RLP Head (M): 9717777790 Email: ubin0556203@unionhankofindia.bank Mumbai: Mr.Noorul Hague Sheikh Chief Manager, RLP Head (M):7042839083 Email: ulpmumbaib@unionbankofindia.bank Mr. Amit Chourey Chief Manager, RLP Head (M): 9644433369 Email: ulpmumbaik@unionbankofindia.bank"
Availment of Loan	The student can avail the loan from nearest RLPs (Retail Loan Points) across the country or any of the nearest Union Bank of India Branch.
Sanctioning Authority	Any Branch Head

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