Bank Loans

Financial assistance in the form of tuition fee loans are available to participants . The sanction of loans is at the complete discretion of the financial institutions concerned. You may contact the below financial institutions for student loans.
Axis Bank Ltd

Contact: 
Binita Dasgupta
91 9538020909/ +91 22 43252396

Binita.Dasgupta@axisbank.com or Educationloan@axisbank.com

Union Bank of India

Highlights
  • Maximum quantum of loan Rs.38.62 lakhs
  • Interest rate @1 yr- MCLR+0.20, at present 8.40%
  • No collateral security
  • Maximum repayment period tenure after course will be 15 years or up to the 60 yrs age of borrower whichever is earlier

QUANTUM OF LOANRs. 38.62 LAKHS 15% Margin to be taken on total programme fee of Rs 45.44 Lakh
MARGIN15%
INTEREST RATE1 yr- MCLR+0.20, at present 8.40% for both male & female student. No further concession/ rebate for serving interest during course/ moratorium period. If the loan is taken over by other bank/FI, then normal interest, as applicable on the date of sanction, to be charged ab-initio.
PROCESSING CHARGESNIL
REPAYMENT PERIODUp to Rs. 7.50 lakhs- 10 years
Above Rs.7.50 lakhs- 15years
MORATORIUMCourse period
CO-APPLICANTParents or spouse to be made co-applicant or personal guarantor.
SECURITYNo collateral or third party guarantee is required, irrespective of the income/means of the applicant.
However, in cases where spouse / parents are not there, third party guarantee with adequate means to be obtained
INSURANCETerm life insurance policy to be obtained and assigned in favor of bank.
The premium of insurance can be included in the loan amount if requested by the student.
Contact point
Hyderabad Campus
Chavali S Srinivas, 
Cheif Manager, CAG Team, Regional Office, Hyderabad
Contact No. +91-8807005185 / +91-9444215185 | Email: css@unionbankofindia.com
 
Mohali Campus
Mr. Bhaskar Jha
Cheif manager, Union Loan Point,SSS-06, PHASE-6, Opp. JainMandir,S.A.S NAGAR, Mohali
Contact No. 8725029734 | Email :- ulpmohali@unionbankofindia.com
 
Addresses & Contact Details

Avanse Financial Services Limited
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/s2017 – 2019 (15 Months Course)
Max Loan AmountUnsecured: Upto 34 lakhs Fully Secured: Above 34 lakhs
Margin Money RequiredNo
Repayment ModeEMI SI
Costs CoveredTuition, Fees, Visa, Hostel, Books, Insurance, Meals, Travel, Laptop, etc
 
Product Tenure10 years max
Rate Of Interest9.75%
Processing Fee5,000 + Tax
Co-borrower RelationshipsFinancial 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 CoverYes
Collateral Security TypeNo collateral required upto 34 lakhs
Co-Borrower LocationsDHFL Locations
Co-Borrower's OccupationSalaried/SEP/SENP*
DocumentationStandard
Pre-payment/Foreclosure ChargesNil
Contact DetailsName: Kiran Bharadkar Mobile No.: +91 9930844034/ 022-61331830 E-mail ID: kiran.bharadkar@avanse.com
Additional Details*SENP 0.25% extra RoI

Credila Financial Services Ltd
Contact
Chakravarthy
917799823111
Email: chakravarthym@credila.com


Vicky Francis                
9823736643         
vickyf@credila.com 

Customer Service        
1800-209-3636     
loan@credila.com

Oriental Bank of Commerce
Logo
Maximum loan amountUpto Rs.36 lacs - No collateral security is required 
 
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
EMIStandard
SecurityUpto Rs.36 lacs - 100 % funding without collateral and without co-obligation.
Payment of Interest
Simple interest will apply during moratorium period (Study period + Grace Period)
and thereafter interest will compound
Pre-payment ChargesNIL
Insurance CoverOn the loan amount availed (Required)
Processing Charges NIL
Documentation Charges NIL
Contact pointHyderabad
Mrs. G SARITHA JYOTHI, Sr. BRANCH MANAGER – 9989804446
Mr. VAMSEE MOHAN, CHIEF MANAGER – 9000021750
Mr.DHEERAJ (Loans Department)- 8885220273

MADHAPUR BRANCH, HYDERABAD
 
ORIENTAL BANK OF COMMERCE,
SHRISTI TOWERS, GROUND FLOOR,
IMAGE GARDEN LANE,
MADHAPUR BRANCH,
HYDERABAD – 500 081
EMAIL : bm1105@obc.co.in
Phone No: 040 – 23100400 /23110988.
Mohali
Sh Som Dass Shivgotra 0172-5216507 / 8725030256  
 Loan Details 
 

ICICI Bank
Logo
Maximum loan amountMinimum Rs. 1 lakh and maximum up to 40 lakhs
Interest rate11.50%
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
InsuranceApplicable
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: ashwin.bm@icicibank.com
 
Chandigarh
Amarjit Singh Sodhi
ICICI Bank, Plot 143, City Emporium Mall, 3rd floor, Industrial Area Phase 1, Chandigarh – 160002
Contact No. +91-9988003498 | Email: amamrjit.sodhi@icicibank.com

Central Contact
Balaji CS
Mumbai
Contact No. +91-9941504900 | Email: balaji.cs@icicibank.com