Loans

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
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Maximum loan amountNeed based loan limit upto Rs 30.00 lakh
Interest rate1 Year  MCLR at present 8.35% pa  (No other Interest concession available for girl students)
 
Repayment periodMaximum repayment period is 15 years excluding moratorium period
Moratorium periodCourse Period + 1 Year (or) after getting Job whichever is earlier
Collateral securityNIL (Parent / Guardian / Spouse will have to stand as co-applicant)
Pre payment chargesNIL
Insurance coverLife Insurance Policy is mandatory for the loan limit sanctioned covering the entire loan period
Contact pointHyderabad, Gachibowli branch
Mr. N Prasanna Kumar
Indian Bank
H.NO 2-29/1/14/C, Plot No 12-16
Cyber Apartments, Indira Nagar
Gachibowli, Hyderabad
Contact No: 040-23000889
Mobile No: 9848172875
E-mail: gachibowli@indianbank.co.in
 
Zonal office 
Mrs. S Bavani
Indian Bank, Zonal Office
4th Floor, Liberty Plaza
Himayatnagar, Hyderabad
Mobile No: 7036248811
E-mail: bavani.s@indianbank.co.in
 

Axis Bank Ltd
Contact:
Name: Mr. Pramod Shetty
Mobile: +91 9538397788
ICICI Bank
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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
 

HDFC Credila Financial Services Ltd
Contact: 
Vicky Francis
Mobile: +91 9823736643
Email: vickyf@credila.com
 
Customer Service
Toll-Free: 1-800-209-3636
Email: 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


Avanse Financial Services Limited

Mr. Kiran Bharadkar

Number:  91 9930844034/ 022-61331830
Email: Kiran.bharadkar@avanse.com