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Features

ISB at Hyderabad & Mohali
Features
  • Loan for one-year full-time ‘Post Graduate Programme (PGP) in Management course.
  • Rate of Interest MCLR at present 8.40 % (Floting)
  • Maximum loan quantum up to Rs 37 Lakh
  • Margin - Nil
  • NO collateral security required.
  • Maximum repayment period 
  •               upto   Rs. 7.50 Lakh  -    10 years.
  •               above Rs. 7.50 Lakh  -    15 years 
  •               Monatorium period - course period + 1 year
  • Option to avail loan from the place of domicile or the place of education institution (Hyderabad / Mohali)
  • Expenses considered for loan includes tuition fees, cost of books, hostel and mess charges, living expenses, laptop (wherever required), student exchange programme, etc.

Special Scheme for IIMs, XLRI, MDI, SPJIMR, IITs, NITs, IISc

 

Features

  • Loan for two-year full-time courses
  • Rate of Interest: at MCLR + 0.15, i.e. 8.65% (floating)
  • Maximum loan quantum up to Rs 30 Lakh
  • Margin - Nil
  • NO collateral security required.
  • Maximum repayment period upto 15 years.
  • Moratorium period - Course period + 1 year.
  • Option to avail loan from the place of domicile or the place of education institution.
  • Expenses considered for loan includes tuition fees, cost of books, hostel and mess charges, living expenses, laptop (wherever required), student exchange programme, etc.

 Special Scheme for NIFT, SIBM, IIFT, SCHMRD, VIT, NID, BITs, FMS, NITIE etc

Features  
  • Loan for full-time graduation / post-graduation courses
  • Rate of Interest:
Male                            - MCLR + 1.65%  at present 10.05% (floating)
Female/SC/ST/Minority - MCLR + 1.15%  at present 9.55% (floating)
  • Maximum loan quantum up to Rs 12 Lakh
  • Margin –
Upto Rs. 4 lakh - Nil
Above Rs. 4 lakh & up to Rs 12 lakh – 5%
  • Security 
The security required is as mentioned below.
Quantum of loan Security
Upto Rs. 4 Lakh No security is required.
Above Rs. 4 Lakh & upto Rs. 7.50 Lakh Suitable third party guarantee acceptable to the bank to be taken.
Above Rs. 7.50 Lakh Tangible collateral security of minimum value equivalent to the loan amount and interest accumulation during course & moratorium period, acceptable to the bank.

In all the above cases, parent/spouse/parent-in-laws have to necessarily join in as co-applicant.

  • Maximum repayment period upto 15 years.
  • Moratorium period : Course period + 1 year.
  • Expenses considered for loan includes tuition fees, cost of books, hostel and mess charges, living expenses, laptop (wherever required), student exchange programme, etc

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