Educational loans & financial assistance

Leading financial institutions provide funding for up to 95% of the programme expenses to admitted students.

Disclaimer: The details mentioned below are only indicative. ISB does not take the responsibility for change in any terms & conditions, rate of interest or coverage at the bank / financial institution level. The particulars of the loan facilities shall be as per the sanction letters and loan agreements entered in to between the bank / financial institution and the student. As a policy, we have made it mandatory for all students availing an educational loan, to insure the loan. Your loan banker will be able to provide more information on this.

Andhra Bank

Maximum loan amountNeed-based subject to maximum of Rs.30.00 lakhs or 95% of course cost whichever is lower
Interest rate 1 year MCLR+.05% i.e 8.70% at present floating (No further concession for Girl Child/Merit student)
Repayment periodMaximum repayment period is 10 years. The accrued interest during the moratorium period is to be added to principal while repayment in EMI is fixed
MoratoriumCourse period + 1 year or 6 months after getting job whichever is earlier
EMI OptionOption-1: Standard
Option-2: Remittance of only interest during the first two years and balance interest and principal to be adjusted and collected within the remaining period. 
Collateral Security


Co-obligationCo-obligation of earning parents / spouse. Suitable third party in case parents / spouse has no earning
Payment of InterestWill be collected as a part of the EMI after the moratorium, whenever the repayment commences
Pre-payment ChargesNIL
Insurance CoverMandatory liability Insurance on the loan amount availed 
Contact pointHyderabad Branch:
Andhra Bank, Hitech City Branch, Q-4, A-2, Cyber Towers, Madhapur, Hyderabad-500 081
Phone: 040-23421106 / 107 / 109
Email Id:

1)Mr.Vivek Kumar, Asst. Manager, Mobile No: 7330811175
2)Mr.V V Ramam, Chief Manager, Mobile No: 9490988255

Mohali Branch:
Andhra Bank, SCF-93 , Phase-7, Mohali- 160063.
Phone:  0172- 5044676, 2220676
1)S Naga Malleshwara Rao, Sr. Branch manager, Mobile No: 9988332159  
 Loan Application | Document Required


Axis Bank
Maximum loan amount95% of the total course fees
Interest rate

Base Rate + Mark up, Current base rate is 10.50%
(floating rate linked with MCLR Rates) 

Repayment periodup to 15 years i,e. 180 Months Maximum                   
MoratoriumCourse period plus maximum of one year. Option to pay EMI after course available
EMI OptionStandard
SecurityUnsecured loan amount up to INR 30 lakhs
Payment of InterestTo be paid during the moratorium period
Pre-payment ChargesNil
Insurance CoverOn the loan amount availed. Insurance amount can be included in the loan amount.
Contact point

Name: Pramod Shetty 

Contact: 9538397788 |

Name: Binita Dasgupta 
Contact: 9538020909 | bi

Documents Checklist

Maximum loan amountUpto 34 lacs without security 
Margin Money Not Required
Repayment Period10 years
Moratorium period12 months course + 6 months grace period ( Simple Interest to be paid during moratorium)
Rate of Interest9.75%
Repayment Options EMI/ SI/ Part simple interest (2,000 p.m.)
Processing Fee Amount5000 + tax
Insurance CoverRequired
Collateral SecurityNot Required
Relationship Self (applicant) as primary co-borrower
Parents/Siblings/Spouse as additional co-borrower
Pre-payment ChargesNo pre payment and part payment charges
Contact Point
Venkata Rao Pallanti
Mobile No.: 8142400094
E-mail ID:
Toll-free : 1800-833-6333 | SMS: AVANSE to 56677
 Loan Application | Checklist 

Bajaj Finance
Maximum loan amountSalaried Individuals: Up to Rs. 1 crore
Self-employed: Up to Rs. 3 crore with suitable collateral
Interest rateStarting from 9.6%, with a loan against 75% of the property value
Repayment periodMaximum tenor up to 20 years
Moratorium   Pay only interest as EMI. Repay the principal at the end of the tenor.
CollateralMortgage property.
SecurityCo-borrower required, Property on name of self, Parents, Spouse.
EMI Payment optionFlexi Payment option with a long tenor ranging from 2 to 20 years. By adding the Flexi Hybrid feature to the loan, withdraw and borrow from the credit limit multiple times and pay only interest as EMI. Repay the principal at the end of the tenor.
Pre-payment/ pre-closure chargesNo charge on part pre-payment, managing and repaying the loan becomes more cost-effective.
Insurance CoverNot compulsory.
Processing FeesProcessing Fees Maximum upto 1%** of the disbursal amount
Contact pointSalaried Customer

Self-employed Customer

Customer Care Number
 Loan Application

Bank of Baroda
Maximum loan amountMaximum up to Rs. 40 lakhs
Interest rate@MCLR i.e. 8.65%
Processing FeeNil for loan up to Rs. 40 lakhs
Repayment TypeEMI/Simple Interest/Token Amt/Complete Moratorium
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   Course period + 1 year
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 chargesNIL
Contact pointHyderabad
Bank of Baroda, Hitech City Branch, 291/14/6/1, Ground floor, Bhaskar Empire - 500081
Contact No. 040-23118828 040-23421647 / 646 | Email:
Point(s) of Contact:
Mrs. Santhi Supriya

Assistant Manager
Contact No. +91-9866556944

Mr. Rahul Reddy R
Senior Manager, SMS Hyderabad
Contact No. +91-8905442984

Mr. T V V S Sarma
Chief Manager
Contact No. +91-7993316545

Point(s) of Contact:
Mr. Yogesh Kumar Solanki

Chief Manager
Contact No. +91-8558846415, 0172-5063468

Bank of India
Maximum loan amount20 Lakhs
(inclusive of insurance cover on the loan amount)
Interest rate

10.75% (Floating) and 0.50% special concession for female students

Repayment period10 years upto Rs. 7.5 Lakhs
15 Years above Rs. 7.5 Lakhs

Course period +1 Year or 6 months or soon after placement, whichever is earlier

EMI OptionStandard
Security1) Co-applicant OR
2) Personal Guarantor (preferably parent or spouse)
Acceptable by the bank
Payment of InterestIncluded in the EMI
Pre-payment ChargesNIL
Insurance CoverOn the loan amount availed (Required)
Contact pointHyderabad:
Ms. Khushboo Vaishnav
Marketing Manager
 Loan Application | Checklist

Bank of Kathmandu Limited
EligibilityAll Nepalese Students admitted for Post Graduate Programme in Management Course offered by ISB
Maximum loan amountNPR 6.0 Million or 90% of the total cost, whichever is lower
Interest rate

12% p.a. or as prescribed by Central Bank or Bank time to time

EMI Standard - NPR 1,435.00 Per one hundred thousand
EMI starts from the next month from the date of disbursement
EMI Repayment SourceIncome of the student's Parents/Sponsors
SecurityRegistered mortgage over real estate - land/Building
Personal guarantees of Students/Parents/Sponsors
Insurance of Building  
Contact point

Key Branches for Loan Processing

Bank of Kathmandu Limited, P.O. Box 9044,
Kamal Pokhari, Kathmandu, Nepal
Telex: 2820 BOK NP
Tel: (977 1) 4414541
Fax: (977 1) 4418990

Canara Bank
Application typeOnline / offline application 
EligibilityResident students of ISB Hyderabad / Mohali
Students should be Indian nationals
Quantum of loanUp to Rs. 36 Lakhs. Margin is 5% (student contribution out of the total cost of the study) loan can be up to 95% of the total cost of the study. 
Rate of interest8.30%
Processing feeNIL 
Margin             5% 
Security1. No Collateral Security or Guarantor is required.
2. Loan will be given jointly to student and parent/guardian as co-applicant.
Repayment tenure

Repayment period is upto 15 years 

Maximum processing time48 hours 
  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
Megha hills,  Madhapur,
Hyderabad 500081.
Phone: 040-23110210
Mobile: 7382932209, 9004963049.

DocumentsCanara Loan Application | Checklist 

Maximum loan amount25 Lakhs (Above 25 lakhs with suitable collateral)
Interest rate11.95% (floating) with full moratorium during course
11.75% (floating) with interest repayment during course
Repayment period10 years
EMI OptionStandard
Moratorium18 Months from the commencement of the programme or placement whichever is earlier
SecurityCo-borrower is required as Father, Mother, Brother, Sister, Spouse, Brother-in-LawPaternal Uncle as acceptable by Credila
CollateralNone up to 25 Lakhs
Pre-payment ChargesNone after 2 years from the first date of disbursement
Insurance CoverOn the loan amount availed (Required) from HDFC Ergo General Insurance.
Processing FeesRs.5000/- Flat Inclusive of Taxes
Contact pointVicky Francis
Mob: 9823736643
Landline: 0253 3249276
Toll Free: 1-800-209-3636, or
 Loan Application Form

Indian Bank
SchemeSpecial Scheme Under IBA for Hyderabad & Mohali Campus
Maximum loan amountNeed based loan limit Upto 40 Lakhs
Interest rateAt MCLR 1 Year which is currently 8.70% p.a (Floating)
SecurityNo Collateral Security. Co-Applicant Parent or Spouse required
Repayment PeriodMax repayment period is 15 Yrs excluding moratorium period
Moratorium  Period Course Period (12 Months ) + 1 Year = 24 Months. Simple interest during moratorium. 
Margin, Pre Payment, and processing charges NIL
Insurance CoverLife Insurance Policy is mandatory for the loan limit sanctioned covering the entire loan period. (i.e. Study Period, Holiday / Moratorium Period and Repayment Period). It can be done under the group life insurance policy i.e., New IB Jeevan Vidya (offered by LIC) /IB Vidyarthi Suraksha (offered by IB Met Life) or under any other policy, as desired by the student borrowers. The premium payable for the policy may be considered as an element, eligible for finance.
Contact pointHyderabad:
Shr N Prasanna Kumar
Indian Bank, Plot No 12-16 Cyber Apartments, Indira Nagar Gachibowli, Hyderabad
Contact No: 040-23000889, Mobile No:9848172875

Indian Bank, Zonal Office, 4th Floor, Liberty Plaza Himayatnagar, Hyderabad
Contact No: 7036248811 E-mail:

Mr. Sukhdeep Singh
Infinity Corridor, Indian School of Business, Knowledge City, Sector-81, Mohali Punjab 140306.
Contact No: 0172-4591632 / 33, Mobile:8427688011 /
 Loan Application  Check List  

Oriental Bank of Commerce
Maximum loan amount100% (Without collateral and without co-obligation)
Interest rate1 year MCLR (currently @ 8.75 %)
Repayment period15 years (irrespective of the loan amount)
Moratorium12 Months after completion of the course or 6 months after placement, whichever is earlier
SecurityNo Parental/spouse Co-obligation
Payment of Interest
Simple interest will apply during moratorium period(Study period + Grace
Period) and thereafter interest will be compounded
Pre-payment ChargesNIL
Insurance CoverOn the loan amount availed (Required)
Processing Charges NIL
Documentation Charges NIL
Contact pointHyderabad
Mr.Bhoopesh Pandya , Chief Manager, Mobile: 8929426574
Ms. S. Swapna, Manager (Loans Department) – 9912053583
Mr. Karan Khurana, Assistant Manager –8708699441

HYDERABAD – 500 081
Phone No: 040 – 23100400.
Sh Som Dass Shivgotra 0172-5216507 / 8725030256  
 Loan Details 

State Bank of India
Maximum loan amountRs. 40 Lakhs
Interest rateWith co-applicant: @MCLR per annum floating - 8.35% (at present)
Repayment period13 Years (excluding moratorium period)
Moratorium1 Year (course period) + 1 year or 6 months after getting job whichever is earlier
Payment of InterestWill be collected as a part of the EMI after the moratorium
Pre-payment ChargesNIL
Collateral SecurityNIL 
Processing ChargesNIL 
Documentation ChargesNIL 
Insurance Cover

Not mandatory 

Co-BorrowerEither Parents or Spouse
Contact point

State Bank of India, HUC Branch, Gachibowli,  Hyderabad - 500019

Branch Email :

Contact Persons :
Mr. Nishant Kumar, Deputy Manager : +91-9000942631
Mr. Surya Prakash Rao, Branch Manager : +91- 9949031301, +91-9611356445

State Bank of India, Phase - I Branch, Mohali - 160055

Branch Email:

Contact Persons :
Mr. Pravin Chandra Prasad, Branch Manager : +91- 8283830818

Syndicate Bank


Maximum loan amountMaximum Rs. 30.00 lakhs.
Guarantor/Surety/ CollateralGuarantee of parent.
Interest rateBR+ 0.50 (Presently 10.20%) If interest is served during Moratorium period, otherwise 1% additional interest. 0.5% concession to girl students.
Add onsStudent is eligible to
  • Open self introduced SB A/c with Debit-cum-ATM Card.
  • Avail Additional Loan up to Rs. 3.00 lakhs if selected to go abroad under student exchange scheme during the second year of the course in Management, up to the maximum loan of Rs. 20.00 lakhs.
Processing & Documentations charges.Nil
Repayment period
Loans Upto   7.50 lakhs –  Up to 10 years(exclusive of moratorium period)
Loans Above 7.50 lakhs –  Up to 15 years(exclusive of moratorium period)
MoratoriumCourse period+1 year or 6 months after getting job whichever is earlier
Expenses Considered
  • Fee payable to college/hostel (reasonable cost will be considered if student prefers outside accommodation)
  • Examination/Library/Laboratory fee
  • Insurance premium, if applied.
  • Caution deposit, building fund/refundable deposit supported by institution bills/receipts (ceiling 10% of tuition fee , if refundable deposit undertaking by student  agreeing to credit to loan proceeds after completion of course)
  • Study tours, equipments, computers and any other(ceiling of 20% of the tuition fee)
Contact point
HMWS & SB Building, West Block, 2nd Floor,
Khairatabad,  Hyderabad,
Tele-Phone No : 040-23394095/6363
E-mail ID:

Mrs. C Padma,                                                  
 Asst. Gen Manager ,
+91 - 9440905228

Mrs. Anuradha S Karunaker
Manager- Retail Credit

Mr. Praveen kumar.
Asst. Manager -Marketing
Mr. Yogendra Kr Singh,
Asst. Manager- Marketing

Loan Application Form   |   Check-list


The Cosmos Co-operative Bank Ltd
Maximum loan amountUp to 30 Lakhs
Interest rate

12.00% p.a.
Rate of interest will be charged on daily reducing balance at monthly rests

Loan Tenure5 Years
Repayment/ MoratoriumNo Repayment Holiday/ Moratorium Period
SecuritySecurity Cover in the form of immovable property to the extent of 80% of distress value.
Following points will be considered :
a) Security - Constructed property.
In case of Plot - it can be accepted in exceptional meritorious cases.
Plot should be collector N.A. and duly fenced.
b) Age of the property should not be more than 30 Years for commercial property and 25 Years in case of residential Property. Residual life of the property should be more than the Loan Tenure. The Property should have a completion certificate from the competent authority.
c) Property can be mortgaged by way of registered mortgage.
d) Banks charge acknowledgement copy registered on the property will have to be kept on record.
e) Security shall be free from any previous charges
Payment of InterestWill be collected as a part of the EMI after the moratorium
Pre-payment ChargesNIL
Insurance CoverLife Insurance cover is optional but highly advisable
Contact point


3-5-798, Prathima Schalass,
New No. 248, Street No. 8,
Hyderguda, King Koti Road,
Pin :500 029
Tel : 040 - 23231705 Fax : 040-23231694


Chief Manager, C. Ramesh

Mob: 8886666012

Land line : 040- 23231705

Vijaya Bank
Maximum loan amountUp to 20 lakhs
(inclusive of insurance cover on the loan amount)
More than 20 lakhs
(on case to case basis with collateral as security)
Interest rate8.50% p.a. (One year MCLR presently)
Repayment period15 Years after moratorium
Moratorium18 Months or soon after placement, whichever is earlier
Security1) Co-applicant OR
2) Personal Guarantor (preferably parent or spouse)
Acceptable by the bank
3) Collateral required for loans more than 20 lakhs
Payment of InterestWill be collected as a part of the EMI after the moratorium, whenever the repayment commences.
Pre-payment ChargesNIL
Insurance CoverOn the loan amount availed (Required)
Contact Details

1) Gachibowli: Contact No. 040-23004347

    Email :

2) RACPC –Hyderabad: Contact No. 040-23220940, 7036794300 (Mr. Srinivas Dasari)
    Email :

IDBI Bank (2013-14)

Educational loans for PGP 2013-14 (To be updated as an when information is received)

Maximum loan amount20 Lakhs or 95% of the cost whichever is lower (inclusive of insurance cover on the loan amount)
10.25% (concession of 50 BPS for female students)
Repayment period10 years
Moratorium18 Months or soon after placement, whichever is earlier
  • Loans upto Rs.4 lakhs: A Personal guarantor.
  • Loans exceeding Rs. 4 lakhs upto Rs. 10 lakhs: Third Party Guarantee.
  • Loans sbove Rs. 10 lakhs: Tangible collateral security in the form of Land/Building (minimum value shall be 1.33 times of the loan amount sanctioned), LIC, Fixed Deposit, etc.(minimum value shall be 1.1 times of the loan amount sanctioned). The Land offered as collateral security should not be an agricultural land.
Payment of InterestWill be collected as a part of the EMI after the moratorium
Pre-payment ChargesNIL
Insurance CoverOn the loan amount availed (Required)
Contact point

P.Naveen Kumar, Relationship Manager
IDBI Bank Ltd, Gachibowli Branch
Branch Address - Plot num - 81, Diamond park, 
Vinayakanagar colony, Gachibowli stadium road
Gachibowli, Hyderabad - 500032 
Mob: 09247710547 


Loan Application Form   |   Check-list

Punjab National Bank
Maximum loan amountUp to Rs.30.00 lacs
Loans above Rs..30.00 lacs shall be considered on case to case basis.
Interest rateOne year MCLR + 0.10 % presently 8.55%
Repayment period15 years
MoratoriumCourse period +1 year or 6 months after getting job, whichever is earlier
  • Parents to be co-obligants
  • No Collateral security required 
Payment of InterestCourse period + 1 year        or        6 months after getting job, whichever is earlier
Upfront/Processing fee: Nil
Documentation Charges: Rs. 450 + ST only
TAT: 2-3 working days after submission of all the documents along with application
Reimbursement of fees already paid will be allowed within 6 months.
Documents Required1. Loan application with Passport size photograph of borrowers & guarantor
2. Proof of age
3. Residence proof of Applicant and Co-obligants
4. PAN No. of Applicant and Co-obligants with 3years ITRs & Latest salary slip
5. Proof having passed the last qualifying examination
6. Letter of admission
7. Prospectus of the course and Fee Schedule
8. Details of Assets & Liabilities of Applicant and Co-obligants along with proofs
9. Receipt for the amount of fee already paid 10. Any other document/ information, depending upon the case
Contact point

Mohd. Maqsud Ali, AGM – 9848384195
V. Satyanarayana, Chief Manager – 9676729292 

Punjab National Bank, Bank Street, Abids, Hyderabad
Landline: 040-24744534, 24741205, 24605688  email:


Loan Application Form   |   Check-list


LogoImage result for dcb logo  
Maximum loan amountUp to Rs.10.00 lacs.
Interest rate12.%
Repayment period10 Years
MoratoriumCourse period +1 year or 6 months after getting job, whichever is earlier
Loans Above 4 Lakhs need to be secured by way of one or two guarantors acceptable to the bank.
Loans above 7.5 Lakhs are required  to be secured by tangible collateral equivqlent to 12.5 % of the loan amount.
Payment of InterestCourse period + 1 year        or        6 months after getting job, whichever is earlier
ChargesProcessing Fees         :     NIL
Prepayment Charges :     NIL
Documents Required
  1. Loan application with Passport size photograph of borrower and co-borrower
  2. Proof of age
  3. Residence proof of borrower and co-borrower;
  4. PAN no. of  the Co-Borrowers with 3years ITRs & Latest salary slip
  5. Proof having passed the last qualifying examination.
  6. Letter of admission
  7. Course fee details
  8. Documentary Evidence of the Assets and Liabilities of the Borrowers
  9. Any other document/ information, depending upon the case and purpose of the loan.
Contact point
Mustaq Ahmed
Branch Manager
Handheld: + 91 9866366900
Landline: + 91 4064631258
Salima Dosania

Loan Application Form   |   Check-list


Federal Bank
Maximum loan amountMaximum Rs. 30 lakhs. Without any collateral Security
Guarantor/Surety/ CollateralGuarantee of Spouse/parent/Parents-in-law/Guardian/close relatives acceptable by the Bank.
No Collateral Security required.
- Company Sponsorship / assistantship to be included in margin
- Margin may be brought in as and when disbursements are made on a pro-rata basis at applicable rates
Interest rate@ MCLR for loans up to 20 lacs which is 9.60 %    Only Simple interest charged during moratorium period
MCLR + 1% for loans above 20 lacs ( Negotiable )
Special Offer to ISB StudentStudent is eligible to
  • Open self introduced SB A/c with Debit-cum-ATM Card, Internet banking etc.
Processing FeeNil for Loan up to 20.0 Lacs                     
 Rs 2500 + Service Tax for Loans above 20 Lacs
Repayment period
Up to 10 years
MoratoriumCourse period + 6
Course period + 3 months in case of working professionals.
Insurance Cover
  • Single premium policy covering Loan Amount. Insurance amount can be included in the loan amount.
Contact pointSh. Rajiv Chauhan,
Manager & Br.Head, 
Branch- Mohali
Ph. No: +91-8146080349
Mr. Satish                 9908947960
Mr. A Siva Prasad   9849782409

Loan Application Form   |   Check-list


Maximum loan amountMinimum Rs. 1 lakh and maximum up to 40 lakhs
Interest rate10.50%
Processing FeeNil
MarginNo Margin for Loan Up to Rs 20 L, Above Rs 20L-15%
Repayment TypeEMI/Simple Interest/Token Amt/Complete Moratorium
Repayment periodEMI repayment up to 8 years after moratorium
Moratorium   Course period + 6 months
Collateral / SecurityNo collateral security required
Pre-payment and Part paymentAvailable
Pre-payment/ pre-closure chargesNIL
Contact pointHyderabad
Ashwin BM 
ICICI Bank, Indian School of Business, Gachibowli, Hyderabad - 530032
Contact No. +91-9985784567 | Email:
Amarjit Singh Sodhi
ICICI Bank, Plot 143, City Emporium Mall, 3rd floor, Industrial Area Phase 1, Chandigarh – 160002
Contact No. +91-9988003498 | Email:

Central Contact
Balaji CS
Contact No. +91-9941504900 | Email:

Prodigy Finance