Bank Loans

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Bank Loan

Financial assistance in the form of education loans are available to all participants. The sanction of loans is at the complete discretion of the financial institutions concerned. You may contact the below financial institutions for education loans.

Axis Bank Ltd

We are happy to inform you that, Axis Bank has customized a special Education Loan Product for the students of your esteemed Institute for PGP MAX.

No Processing Fees
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 –TERMS 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	PGPMAX
3	Unsecured Loan Amount	Unsecured Loan Amount up to Rs. 50 Lakhs
4	ROI / Repayment Type / Repayment Tenure		Repayment Type	Repayment Tenure	ROI
			Immediate EMI	10 yrs	8.25%
			Moratorium Applicable (Course period + 6 months)	15 yrs	8.25%
		(floating rate linked with Repo Rate)
5	Margin	5% Margin on loan amount Above 4 Lakhs
6	Processing Charges	Applicable as per bank norms
7	Pre-payment Charge	NIL
8	Pre Closure Penalty	NIL
9	Loan Disbursement	To the Institute (Indian School of Business)
10	Co-Applicant	Applicable as per Axis Bank norms for Principal Moratorium cases*
11	Insurance	Max Life Insurance
12	Axis Bank Contact	Mr. Lakshmikanth Samaya +91-8297133888 lakshmikanth.samaya@axisbank.com Mr. Jagadishwar Reddy +91-9959681469 patlolla1.reddy@axisbank.com
You can also give a missed call on 1800-258-7171 to avail education loan and our representative will get in touch with you.

* Approval, Sanction and Disbursement Subject to Banks internal policy checks, process and eligibility.

Avanse Financial Services Ltd

Contact:
(Hyderabad)
Mr. Venkata Rao Pallanti
Number: 8142400094
Email: VenkataRao.Pallanti@avanse.com

(Mumbai)
Mr. Kiran Bharadkar
Number: 91 9930844034/ 022-61331830
Email: Kiran.bharadkar@avanse.com

Applicable Year/s	2021 – 2022 (15 Months Course)
Max Loan Amount	Unsecured: Upto 34 lakhs Fully Secured: Above 34 lakhs
Margin Money Required	No
Repayment Mode	EMI SI
Costs Covered	Tuition, Fees, Visa, Hostel, Books, Insurance, Meals, Travel, Laptop, etc
Product Tenure	10 years max
Rate Of Interest	9.75%
Processing Fee	5,000 + Tax
Co-borrower Relationships	Financial co-borrower as co-applicant with self-owned residence Borrowers or co-borrowers income min Rs 90,000/- pm (net after all liabilities) and eligibility determined on the basis of co-borrowers income
Insurance Cover	Yes
Collateral Security Type	No collateral required upto 34 lakhs
Co-Borrower Locations	DHFL Locations
Co-Borrower's Occupation	Salaried/SEP/SENP*
Documentation	Standard
Pre-payment/Foreclosure Charges	Nil
Contact Details	Name: Kiran Bharadkar Mobile No.: +91 9930844034/ 022-61331830 E-mail ID: kiran.bharadkar@avanse.com
Additional Details	*SENP 0.25% extra RoI

HDFC Credila

Maximum Loan Amount	Up to 50 Lakhs (Unsecured/Secured options available)
Interest Rate	8.25%
Repayment Period	Up to 168 months
Acceptable Security/Collateral	Immovable Property, Fixed Deposit
Co-borrower	Father, Mother or Spouse
Income Tax benefit	Yes, Under section 80E
Repayment	Immediate EMI
Margin	Nil
Key Benefits	Loan covers 100% of the cost Co-borrower Flexibility – Multicity Co-Borrower Accepted Education loan at your doorstep Repayment tenure up to 14 years
Contact	HDFC CREDILA ‘s Dedicated Manager : HYDEARBAD CAMPUS Mr. Pradeep Nag Singh : 7799834111 Email : pradeepnags@hdfccredila.com MOHALI CAMPUS Mr. Dibyananda Behera : 7391058833 Email: dibyananda.behera@hdfccredila.com Or Email @prasadr@hdfccredila.com For Any Queries, ELink: https://hdfccredila.viewpage.co/mba_ISB

Punjab National Bank

Purpose	The scheme aims at providing financial support to meritorious students pursuing the PGP MAX programme.
Eligibility	An Indian National Secured admission through the normal selection process on merit. More than one member of the same family can be allowed loan, if eligible, as per the scheme
Components of finance	Fee payable to institution along with reasonable lodging & boarding charges Examination, Library, Laboratory Fee, etc. Caution money deposit subject to 10% of tuition fee Purchase of computer/Laptop / essential equipment/books The insurance premium of the student (borrower) Any other expenses duly approved by the institution
Amount of loan	Max Eligible Amount: Rs. 35.00 Lacs (The same is maximum and only for eligible components of Finance)
Margin	NIL
Rate of Interest	8.10% (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.
Application of interest	Simple interest will apply during the moratorium period (course period) and thereafter interest will compound
Security	Co-obligation of the Parents/Spouse/guardians as applicable
Processing Charges	NIL
Prepayment Charges	NIL
Documentation Charges	NIL
Collateral Security	NIL
EMI option	Standard
Repayment period	15 Years (Excluding moratorium period) EMI (After moratorium period).
Insurance	Insurance Cover: As the loan amounts are huge, it is advisable to obtain Group Insurance. The bank has tied up with insurance companies for covering Educational Loans under Group Insurance. Which is part of the loan sanction amount and the same will be distributed as per the tenor of the loan.
Moratorium	Course period+1 year
Contact Details	Mr.Sundeep Katchi - 8121530510 , Email ID: cac8384@pnb.co.in Mrs. Neha Kumari - 8076477668 Documents Check List enclosed
Contact Details	Any clarifications/details can be availed just over a phone call or mail(Details are above) Required Papers & Forms can be sent through the mail for processing of loan at Hyderabad. After sanction of the loan, Execution of Documents will be done at your nearest branch of PNB as per your convenience.

ICICI Bank

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Maximum loan amount	Min ₹ 1 Lakh and Max Up to ₹ 1 Crore
Interest rate	10.25% (REPO+ 3.75%) Current Repo as on date is 6.50% https://www.rbi.org.in/
Processing Fee	0.75% + GST
Margin	No Margin
Repayment Type	Simple Interest / EMI /Full Moratorium
Repayment period	10-12 Years after Moratorium
Moratorium	Course Period + Up to 12 Months (Case to Case basis)
Collateral / Security	House, Flat, Fixed Deposit and Existing HL with ICICI Bank can be Cross collateral
Insurance	ICICI Prudential/Lombard
Pre-payment and Part payment	Available
Pre-payment/ pre-closure charges	NIL
Contact point	Hyderabad Prabhuchand Renukuntla ICICI Bank, Indian School of Business, Gachibowli, Hyderabad - 530032 Contact No: +91-9182827488 Email: prabhuchand.renukuntla@icicibank.com Chandigarh Gajendra Bisht ICICI Bank, Plot 143, City Emporium Mall, 3rd floor, Industrial Area Phase 1, Chandigarh – 160002 Contact No: +91-8146608224 Email: gajendra.bisht@icicibank.com Central Contact Mr. Chakravarthy MVSK (North and East India) Mobile: +91 9321900686 Email: chakravarthy.mvsk@icicibank.com Mr. Vineet Singh (West and South India) Mobile: +91 8879769632 Email: singh.vineet@icicibank.com

Indian Bank

Loan Limit	Need based -All expenses for completion of the course under overall limit. Reimbursement of fee paid by the student if any, for the 1^st semester is allowed.
Margin	Executive Management Program / Executive MBA (on Part t 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.
Security	NIL for Loan upto Rs 40 Lakhs
Rate of Interest (linked to Banks EBLR)	With Co applicant ROI is 8.00% Without Co applicant ROI is 8.25%
Co borrower	Co borrower is optional
Income Tax benefit	Yes, Under Section 80E of the Income Tax Act
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.
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
Margin	15% of Project cost for courses conducted /offered by ISB which are duly approved by governing council/Board of ISB. However for Execuive Management Programme/Executive MBA courses/ PGP MAX/PGP MFAB/PGP PRO –parttime course for working professionals – Margin is 25%
Processing Fee	Negotiable
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
Contact	Smt S Kalyani, Chief Manager - 9848172875/9444218960 Smt. Prohelee Das, Loan officer -040-2300 0889/7569155014 Email: gachibowli@indianbank.co.in Gachibowli Branch, Hyderabad. Mr. Kuldeep Singh – Branch Manager- 7986352538 Ms.Bhumika Rathore – ABM- 9872547443 Indian School of Business (On campus), Mohali Email:isbmohali@indianbank.co.in
Sanctioning Authority	Upto Rs.35 lacs by Branch More than Rs.35 Lacs - by representive zonal office

Union Bank

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Maximum loan amount	Rs.50.00 Lakh
Rate of Interest	EBLR - 1.10% (Presently: 8.15%) (New EBLR-9.25%)
Repayment Period	15 years (Excluding moratorium period)
Moratorium	NIL
Security	NIL
Pre-payment Charges	NIL
Collateral Security	NIL
Processing Charges	NIL
Insurance	Mandatory
Co-Borrower	Not required
Contact Details	Hyderabad Name: Mr. Kongala Anil Kumar – Assistant General Manager Contact: 8897411055 Retail Loan Point Madhapur Mail ID: rlp.madhapur@unionbankofindia.bank 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 Kumar Chief Manager, RLP Head (M): 9000965370 Email: ulp.gachibowli@unionbankofindia.bank Mrs. D. Shakeela Chief Manager, RLP Head (M): 8333942416 Email: ulphyderabad@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 Mohali/ Chandigarh: Mr. Amit Kumar Meena Chief Manager, RLP Head (M): 9928212271 Email: ubin0556581@unionbankofindia.bank Mr. Vahid Khan Chief Manager, RLP Head (M): 9672991064 Email: ulpmohali@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@unionbankofindia.bank Mumbai: Mr.Noorul Haque 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

State Bank of India

We are happy to inform you that, State Bank of India has customized a special Education Loan Product for the students of your esteemed Institute for PGP MAX*

Maximum loan amount	Rs.50 Lakhs (incl GST)
Margin Money	0
Course Period	18 Months
Repayment Period	180 Months
Moratorium period	Course Period+1 month moratorium
Rate of Interest(EBLR+CRP+BSP=8.55% + CRP+BSP)	8.00% floating (co-borrower mandatory) 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	Mandatoryfor Part Time Course
Pre-payment Charges	NIL
Contact point	SBI HUC Br Hyderabad 05916: 1. Mr. Balla Dayakar, Chief Manager: 9949031301 2. Mr. A Harinath, Manager: 8008179998 3. Miss. Anmol Mohan, Field Officer: 7032659200 4. Mr. Likhith, Special Point of Contact: 7893879124
Branch Address	STATE BANK OF INDIA, Hyderabad University Campus Branch(05916) opp: University of Hyderabad, Gachibowli, Serilingampally Mandal, Ranga Reddy District, Telangana-500019 EMAIL: sbi.05916@sbi.co.in

Yes Bank