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

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EligibilityStudent should be an Indian National & have secured admission on merit basis through entrance test/selection process of the Institute.
Unsecured Loan AmountUnsecured Loan Amount up to Rs. 40 Lakhs.
SecurityLoans above Rs. 40 lakhs, collateral security applicable as per Axis Bank norms
ROI11% (floating rate linked with Repo Rate)
Margin5% Margin on loan amount Above 4 Lakhs
Processing ChargesAs applicable
Pre-payment ChargeNIL
Pre Closure PenaltyNIL
Repayment TypeInterest Servicing During Course
Moratorium PeriodCourse Period + Maximum of 12 months (optional)
Repayment TenureMaximum 180 Months / 15 Years
Loan DisbursementTo the Institute (Indian School of Business)
Co-Applicant
i. Father
ii. Mother
iii. Brother or Sister
iv. Spouse or Parents in Law for Married Applicants
v. Grand Parents if parents are not there.
InsuranceMax Life Insurance
Axis Bank Contact
Mr. Lakshmikanth Samaya
+91-8297133888
lakshmikanth.samaya@axisbank.com

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
 
Union Bank
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   Related image
Maximum LoanRs.31.00 Lakh
Rate of InterestEBLR (Presently  -  8.00%) +0.20%
Repayment PeriodMax.15  Years(After Course) or upto 60 years of age of borrower whichever is earlier.
MoratoriumCourse period
SecurityNIL
Pre-payment ChargesNIL
Collateral SecurityNIL
Processing ChargesNIL
Insurance CoverMandatory
Co-Applicant/GuarantorParent or spouse to be made co-applicant or personal guarantor.
Contact DetailsHyderabad
 
Chavali S Srinivas
Chief Manager
ULP Head
Saifabad
Hyderabad-500004
(M):88070 05185
        94442 15185
 Mohali
 
Bhaskar Jha
Chief Manager
Union Loan Point,,SSS-06, PHASE-6, Opp. Jain Mandir,S.A.S NAGAR,
Mohali - 160056
(M):87098 68892
        94713 49684
Availment of LoanThe Student can avail the loan from nearest ULPs (Specialized Retail Loan Branches) across the Country or any of the nearest Union Bank of India, Bank Branch.

Avanse Financial Services Limited

Mr. Kiran Bharadkar

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