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

 

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

Purpose

The scheme aims at providing financial support to meritorious students pursuing PGP course at ISB & all regular courses conducted by the institution

Eligibility

  • An Indian National
  • Secured admission through normal selection process on merit
  • More than 1 member of the same family can be allowed loan, if eligible, as per 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 / essential equipments / books
  • Insurance premium of student borrower
  • Any other expenses duly approved by the institution

Amount of loan

  • 100% funding without collateral, without margin & without Parental/spouse obligation. EMI commences immediately on the disbursed amount proportionately.
  • 15% margin without collateral & without Parental/Spouse obligation. EMI commences after the moratorium period(course period)

Margin

NIL

Rate of Interest

1 YEAR MCLR (currently @ 8.75%)

Application of interest

Simple interest will apply during moratorium period (course period) and thereafter interest will compound

Security

No Parental/spouse Co-obligation.
 

Processing Charges

NIL

Prepayment Charges

NIL

Documentation Charges

NIL

Collateral Security

NIL

EMI option

Standard

Repayment period

15 Years (irrespective of loan amount)

Insurance

On the loan amount availed (Required)

Moratorium

Course period

Contact Details

HYDERABAD

Mrs. G Saritha Jyothi, Chief Manager, Mobile: 
7303926747

Ms. S. Swapna, Manager (Loans Department), Mobile: 9912053583


Mr. Karan Khurana, Assistant Manager, Mobile: 8708699441


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