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✔ 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 Lakhs |
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 have above 4 Lakhs |
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 Banks internal policy checks, process and eligibilty.
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
|
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 |
Maximum loan amount |
Up to 45 Lakhs (Unsecured/Secured options available) |
Interest rate |
TBA |
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 Email : pradeepnags@hdfccredila.com Mr. Dibyananad Behera – 7391058833 Email : dibyananda.behera@hdfccredila.com OR Email: prasadr@hdfccredila.com For any Queries Elink: https://hdfccredila.viewpage.co/mba_ISB |
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 |
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 |
Maximum loan amount |
Rs.50.00 Lakh |
Interest rate |
EBLR-1.10% (Presently - 8.20%) |
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.qachibowli4unionbankofindia.bank Mr. Anil Kumar Chief /hanager, RLP Head (M): 8897411055 Fmail: rilp.hyderabadkoti@unionbanI‹ofindia.bank Mrs. D. Shakeela Chief Manager, RLP Head (M): 8333942416 Email: utpl yderčibadOunJonbankofindia.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.secciisderabad unionbankofindia.bank"
Mohali/ Chandigarh: Mr. Amit Kumar Meena Chief Manager, RLP Head (M): 9928212271 Email: ubin05565816unionbankofindia.bank Mr. Vahid Khan Chief Manager, RLP Head (M): 9672991064 Email: rilpnaohal\ unionhankofindia.banl‹ Benqaluru: 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: ulpdelhimb4unionbankofindia.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 |