PGPpro Financing

Financing

Financial assistance in the form of loans may be available to participants of this programme. Interested applicants may directly contact the financial institutions for details.

Indian Bank

Loan Limit	Need based to meet expenses for completion of the course. For Executive management programme/Executive MBA maimum loan amount is Rs. 25 Lac Reimbursement is allowed fee paid by the student if any, for the 1st semister.
Security	NIL 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	Coborrower 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): NILL
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/ PGPMAX/PGPMFAB/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 Gachibowli Branch, Hyderabad. Email: gachibowli@indianbank.co.in 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 offic

Union Bank

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Maximum Loan	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 Cover	Mandatory
Co-Borrower	Not Required.
Contact	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 Kumar Chief Manager, RLP Head (M): 9000965370 Email: ulp.gachibowli@unionbankofindia.bank Mr. Anil Kumar Chief Manager, RLP Head (M): 8897411055 Email: ulp.hyderabadkoti@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 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
Contact (Mumbai & Bengaluru )	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 Bengaluru Mr. Dhanasekar K. Chief Manager, RLP Head (M): 9840840218 Email: ubin0563285@unionbankofindia.bank To Apply for the Loan: https://instaloan.unionbankofindia.co.in/online/educationlanding
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

Axis Bank

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Eligibility	Student should be an Indian National & have secured admission on merit basis through entrance test/selection process of the Institute.
Unsecured Loan Amount	Unsecured Loan Amount up to Rs. 40 Lakhs
ROI / Repayment Type / Repayment Tenure	Repayment Type: Immediate EMI Repayment Tenure: 10 yrs ROI: 8.25% Repayment Type: Moratorium Applicable (Course period + 6 months) Repayment Tenure: 15 yrs ROI: 8.25% (floating rate linked with Repo Rate)
Margin	5% Margin on loan amount Above 4 Lakhs
Processing Charges	Applicable as per bank norms
Pre-payment Charge	NIL
Pre Closure Penalty	NIL
Loan Disbursement	To the Institute (Indian School of Business)
Co-Applicant	Applicable as per Axis Bank norms for Principal Moratorium cases*
Insurance	Max Life Insurance
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.

ICICI Bank

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Maximum loan amount	Minimum Rs. 1 lakh and maximum up to 50 lakhs
Interest rate	8.50%
Processing Fee	1% of Loan sanction
Margin	NIL
Repayment Type	EMI/Simple Interest
Repayment period	10-12 years after moratorium
Moratorium	Course period + 6 months
Collateral / Security	No collateral security required upto 40 Lakhs
Insurance	Applicable
Collateral/Security accepted	Fixed Deposit –FD, House, Flat, Existing HL with ICICI Bank
Insurance Available (Optional)	ICICI Prudential/Lombard
Disbursement frequency	As per Institute requirement
Co-borrower Relationships Accepted	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
Co-Borrower Locations Accepted	As per the Bank’s Listed Location
Pre-payment and Part payment	Available
Pre-payment/ pre-closure charges	NIL
Contact point	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 Additional Contacts: 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 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 bank’s internal policy from time to time.

HDFC Credila Financial Services

Loan Limit	Up to 40 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, Spouse
Income Tax Benefit	Yes, Under section 80E of the Income Tax
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 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 : HYDERABAD CAMPUS Mr. Pradeep Singh - 7799834111 Email : pradeepnags@hdfccredila.com MOHALI CAMPUS Mr. Dibyananad Behera - 7391058833 Email: dibyananda.behera@hdfccredila.com Or Email @prasadr@hdfccredila.com For Any Queries E-Link: https://hdfccredila.viewpage.co/mba_ISB

IDFC First Bank

Terms	Details
Eligibility	Indian National
Rate of Interest	8%*
Max Loan Amount	As per eligibility*
Tenor	Up to 144 month
Costs Covered	Tuition fees and ancillary expenses*
Processing Fees	Rs. 5000 + Taxes*
Foreclosure Charges	NIL
Repayment Type	EMI / SI / Partial SI / Moratorium*
Co-applicant Required	Yes
Insurance Covered	Yes
Type of Loan	Unsecured
Contact Details	Rajesh Modem Mobile: 9550765234, Email: rajesh.modem@idfcfirstbank.com Mumbai Dhiraj Kumbhare 9923930861 dhiraj.kumbhare@idfcfirstbank.com Pune Vishal sasulkar 9049873109 vishal.sasulkar@idfcfirstbank.com Gujarat Dhaval Shah 7862917737 dhaval.shah3@idfcfirstbank.com Indore Bhushan Popli 7879666000 bhushan.popli@idfcfirstbank.com Hyderabad & Bangalore Rajesh Modem 9550765234 Rajesh.modem@idfcfirstbank.com Chennai Siva Kumar 9962596990 sivakumar.k1@idfcfirstbank.com Delhi Anuj Kumar 9718193604 anuj.kumar9@idfcfirstbank.com Kolkata Charwak Kumar 8810240492 kumar.charwak@idfcfirstbank.com Chandigarh Uday Kumar 8288982606 uday.kumar1@idfcfirstbank.com
TnC - Approval, Sanction & Disbursement and Repayment subject to Banks internal policy checks, process and eligibility TnC - Approval, Sanction & Disbursement and Repayment subject to Banks internal policy checks, process and eligibility

State Bank of India

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	Mandatory for 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

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Maximum loan amount	Max Unsecured up to 90% of the total cost or 50 lacs whichever is less Note: YES Bank account needs to be opened
Margin Money	10%
Course Period	18 Months
Repayment Period	Immediate EMI - Maximum 10 Years
Rate of Interest	Starting at 9.00%* P.A. floating rate (Repo rate + 3.1% Spread)
Moratorium period	NIL
Repayment Options	Servicing the interest during course period and Moratorium Period to be mandatory.
Processing Fee Amount	1% (inclusive of GST)
Insurance Cover	As Applicable
Collateral Security	NIL
Co-borrower	Parents / Grandparents / Spouse / Brother / Sister / Legal Guardian
prepayment Charges	NIL
Contact Point	North & East – Ankit Jain – +91-9654611713 South – Pramod Shetty – +91-9538397788 West – Prashant Singh - +91-7045359707 Central Team – Sandeep Date - +91-9819502354

PGPpro Support

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