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EDUCATION LOAN – STUDY IN INDIA/ABROAD/NRI STUDENTS  Special Scheme for students of Premier Management & Technical Institutes for Academic Year 2022-2023

Details of Special Education Loan Scheme for students of Premier Management Technical Institutes: (Tier-I)

 

Feature

Details

1

Eligibility

Students who secure admission in full time courses in the following institutes for the academic year 2022-23 only.

MANAGEMENT COURSES

Sr.

Institute

Course

1

Indian Institute of Management, Ahmedabad (IIM A)

  • Post Graduate Programme in Management (PGP)

  • Post Graduate Programme in Food & Agribusiness Management (PGP-FABM)

  • 2

    Indian Institute of Management, Bangalore (IIM B)

  • Masters in Business Administration

  • Post Graduate Programme in Business Analytics (PGPBA)

  • 3

    Indian Institute of Management, Calcutta (IIM C)

  • Masters in Business Administration

  • Post Graduate Diploma in Computer Aided Management (PGDCM)

  • Post Graduate Diploma in Business Analytics (PGDBA)

  • 4

    Indian Institute of Management, Indore (IIM I)

  • Post Graduate Programme in Management (PGP)

  • 5

    Indian Institute of Management, Kozhikode (IIM K)

  • Post Graduate Programme in Management (PGP)

  • Post Graduate Programme in Liberal Studies & Management (PGP-LSM)

  • Post Graduate Programme in Finance Management (PGP-FIN))

  • 6

    Indian Institute of Management, Lucknow (IIM L)

  • Post Graduate Programme in Management (PGP)

  • Post Graduate Programme in Agriculture Business Management (PGP-ABM)

  • Post Graduate Programme in Sustainable Management(PGP-SM)

  • 7

    Indian Institute of Management, Raipur (IIM Rp)

  • Post-Graduate Programme in Management (PGP)

  • 8

    Indian Institute of Management, Ranchi (IIM Ra)

  • Masters in Business Administration

  • Masters in Business Administration (MBA-HR)

  • Post Graduate Programme in Business Analytics (MBA- Business Analytics)

  • 9

    Indian Institute of Management, Rohtak (IIM Ro)

  • Post Graduate Programme in Management (PGP)

  • 10

    Indian Institute of Management, Shillong (IIM S)

  • Post Graduate Programme in Management (PGP)

  • 11

    Indian Institute of Management, Trichy (IIM T)

  • Post Graduate Programme in Management (PGP)

  • Post Graduate Programme in Human Resource Management (PGPHRM)

  •  

    12

    Indian Institute of Management, Kashipur (IIM Kashipur)

  • Masters in Business Administration

  • 13

    Indian Institute of Management, Udaipur (IIM U)

  • Masters in Business Administration

  • 14

    Indian Institute of Management, Bodhgaya (IIM BG)

  • Masters in Business Administration

  • 15

    Indian Institute of Management, Nagpur (IIM N)

  • Post Graduate Programme in Management (PGP)

  • 16

    Indian Institute of Management, Visakhapatnam (IIM V)

  • Post Graduate Programme in Management (PGP)

  • 17

    Indian Institute of Management, Amritsar (IIM Amritsar)

  • Masters in Business Administration

  • 18

    Indian Institute of Management, Sambalpur (IIM Sambalpur)

  • Post Graduate Programme in Management (PGP)

  • 19

    Indian Institute of Management, Srimaur (IIM Srimaur)

  • Masters in Business Administration

  • MBA (Tourism & hospitality Management)

  • 20

    Indian Institute of Management, Jammu(IIM Jammu)

  • Masters in Business Administration

  • 21

    Institute of Management Technology (IMT), Ghaziabad

  • Post Graduate Diploma in Management (PGDM)

  • 22

    Xavier Labour Relation Institute (XLRI), Jamshedpur

  • Postgraduate Diploma in Human Resource Management (PGDHRM)

  • Post Graduate Diploma in Business Management (PGDBM)

  • Post Graduate Diploma in Management (General Management)

  • 23

    S. P. Jain Institute of Management & Research (SPJIMR), Mumbai

  • Post Graduate Diploma in Management (PGDM)

  • 24

    Management Development Institute (MDI), Gurgaon

  • Executive Management Programee

    (PGDM/PGDM-HRM/PGDM-IB)

  • 25

    S P Jain School of Global Management, Mumbai

  • MGB (Master in Global Business) & GMBA (Global MBA)

  • 26

    International Management Institute (IMI), Delhi

  • PGDM/PGDM-BFS/PGDM-HR

  • 27

    Great Lakes Institute of Management Chennai and Gurgaon

  • PGDM/PGPM only

  • 28

    TA Pai Management Institute (TAPMI) Manipal

  • PGDM

  • 29

    Symbiosis Center for Management & Human Resources Development (SCMHRD), Pune

  • MBA

  • 30

    Mudra Institute of Communication Ahmedabad (MICA)

  • PGDM - C

  •  

    31

    Faculty of Management Studies - University of Delhi (FMS), New Delhi

  • MBA (Full Time)

  • 32

    Narsee Monjee Institute of Management Studies (NMIMS), Mumbai

  • MBA

  • 33

    Indian Institute of Foreign Trade (IIFT), New Delhi & Kolkata

  • MBA IB

  • 34

    National Institute of Industrial Engineering (NITIE), Mumbai

  • PGDIE, PGDIM PGDISEM, PGDITM

  • 35

    Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai 

  • MMS

  • 36

    Shailesh J Mehta School of Management - IIT Bombay, Mumbai 

  • Master of Management

  • 37

    Department of Management Studies - IIT Delhi, New Delhi

  • MBA (Full Time)

  • 38

    Vinod Gupta School of Management - IIT Kharagpur, Kharagpur

  • MBA

  • 39

    Industrial and Management Engineering - IIT Kanpur

  • MBA

  • 40

    Department of Management Studies - IIT Madras, Chennai

  • MBA (full time)

  • 41

    Tata Institutes of Social Science (TISS) Mumbai

  • M A in HR Management & Labour Relation

  • 42

    Welingkar Institutes of Management Development & Research Mumbai

  • PGDM/MMS

  • 43

    Xavier's Institute of Management Bhubaneshwar (XIMB) 

  • MBA – BM (Business Management)

  • 44

    Xavier School of Human Resource Management Bhubaneshwar (XSHRM)

  • MBA - HR

  • TECHNICAL COURSES

    45

    Indian Institute of Technology (IITs)

  • Bachelor of Technology

  • Dual Degree Programmes with B.Tech

  • 46

    National Institute of Technology (NITs)

  • B.Tech/BE

  • Dual Degree Programmes with B.Tech

  •  

    47

    Indian Institute of Science (IISc), Bangalore

  • Master of Technology (M.Tech)

  • Master of Engineering (ME)

  • Master of Design (M.Des)

  • 48

    Thapar University, Patiala

  • B.E./B.Tech Courses for study in India.

  • International Engineering Program in Collaboration with Trinity College, Dublin, Ireland.

  • International Engineering Program in exchange program with

  • University of New South Wales, Australia

  • University of Queensland, Australia

  • University of Toledo, Ohio United States

  • University of Leeds, UK

  • 49

    Indian Institute Information Technology (IIIT) Allahabad

  • B.Tech/Dual degree programmes with B.Tech

  • 50

    National Institute of Design (NID), Ahmedabad / Bengaluru / Gandhinagar

  • Bachelor of Design (B.Des)

  • Master of Design (B.Des)

  • 51

    International Institute of Information Technology Hyderabad

  • B Tech CSE/ECE

  • 52

    Delhi Technological University, Delhi

  • B Tech CSE/IT/ECE

  • 53

    Indira Gandhi Delhi Technical University for Women, New Delhi

  • B Tech CSE

  • 54

    Indian Institute of Engineering, Science & Technology, Shibpur – Howrah

  • B Tech/B. Arch

  • 55

    Birla Institute of Technology & Sciences (BITs) at Pilani, Goa, Dubai & Hyderabad

  • B Tech/BE

  • 56

    Indira Gandhi Rashtriya URAN Akademi

  • Commercial Pilot License (CPL) coupled with instrument and Multi engine endorsement along with an option for BSc (Aviation degree)

  • PHARMACY

    57

    Birla Institute of Technology & Science -Pilani

  • B. Pharma

  • 58

    Institute of Chemical Technology, Mumbai

  • B. Pharma

  • 59

    Jamia Hamdard, New Delhi

  • B. Pharma

  • LAW

    60

    Symbiosis Law School, Pune

  • BA LLB, LLB, LLM

  • 61

    National Law University, Delhi

  • BA LLB, LLM

  • 62

    National Law University, Bengaluru

  • BA LLB, LLM

  • 63

    National Law University, Hyderabad

  • BA LLB, LLM

  • 64

    National Law University, Jodhpur

  • BA LLB, LLM

  • 65

    Gujrat National Law University, Gandhinagar

  • BA LLB, LLM

  • 66

    Government Law Collage, Mumbai

  • BA LLB, LLM

  • 2

    Purpose

    To meet tuition fees, cost of books, caution deposit*, hostel charges, mess charges, equipments such as desktop/laptop, living expenses, insurance premium, expense for student exchange programme, admission acceptance fee etc.

    *Student to deposit the money in the loan account immediately on refund from the institute. An undertaking to be obtained from the student in this respect.

    3

    Quantum of Loan

    Rs.40 Lakh.

    (inclusive of Rs. 1.50 lakh for purchase of new two wheeler)

    4

    Margin

    Nil.

    5

    Interest rate

  • EBLR (floating)

  • EBLR prevailing on the date of disbursement (whether partial or full) shall be applicable.

  • If the loan is taken over by another bank / FI, then normal rate of interest as applicable under Union Education Scheme on the date of sanction, to be charged ab-initio. However, no take over charge to be levied.

  •  

  • Additional concession in ROI for IIMs under Tier-I Premier Management & Technical Institute

    (Applicable from 22-06-2022 to 31-12-2022)

  •  

    Interest Rate effective

  • EBLR(floating)-0.70%

  •  

  • Additional concession in ROI for certain courses as mentioned below in IITs under Tier-I Premier Management & Technical Institute (Applicable from 17-09-2022 to 31-01-2023)

  • Indian Institute of Technology (IIT)- Madras, Delhi, Mumbai, Kanpur, Kharagpur, Roorkee, Guwahati, Varanasi (BHU)—

    a)Bachelor of Technology (All Streams)

    b)Dual Degree Programmes with B.Tech. (All Streams)

  • Indian Institute of Technology (IIT) - Hyderabad, Dhanbad (ISM), Indore, Ropar, Mandi, Patna, Jodhpur, Gandhinagar, Bhubneswar, Palakkad, Jammu, Goa, Bhilai, Dharwad, Tirupathi

    a)Bachelor of Technology in CIVIL, Mechanical, Electrical, Information Technology, Computer Science, Electronics & Communications streams

    b)Dual Degree Programmes with B Tech. in CIVIL, Mechanical, Electrical, Information Technology, Computer Science, Electronics & Communications streams

  •  

    Interest Rate effective

  • EBLR(floating)-0.70%

  •  

    6

    Processing charges

    Nil

    7

    Repayment period

    180 months (15 years)

    8

    Moratorium period

    Course period + 1 year

    9

    Co-applicant/

    Guarantor

    Either of the parents or spouse to be made co-applicant / guarantor.

    10

    Security

    No collateral security or third-party guarantee.

    11

    Insurance

  • Term life insurance policy to be obtained & assigned in favour of the bank.

  • The policy should be in the name of student, for an amount not less than the loan amount and for the tenure covering course, moratorium and repayment period.

  • 12

    Other Terms & Conditions

  • NRI students are not covered under the scheme.

  • All other terms & conditions are as per Union Education Scheme for studies in India.

  • 13

    Loans to students in subsequent years

  • The loan can also be granted to the students, who seek a loan in the subsequent years / terms (i.e. academic year 2020-21 onwards) and who have not availed educational loan from other bank / FI for the initial years.

  • The earlier year fees and desktop/laptop expenses would not be reimbursed.

  • The loan will include tuition fees, cost of books, hostel charges, mess charges, living expenses, insurance premium etc. for the subsequent years.

  • If the student is selected for the Student Exchange programme abroad, then the expenses for the same may be included in the loan.

  • All other terms & conditions will be as per the Union Education scheme for inland studies.

  • Details of Post Graduate Programme in Management for Executives (PGPX) of IIM - Ahmedabad:

     

    Feature

    Details

    1

    Institute & Course

    Institute

    Course

    Indian Institute of Management, Ahmedabad (IIM A)

    Post Graduate Programme in Management for Executives (PGPX)

    2

    Eligible Individuals

  • A Bachelor degree in any discipline

  • Minimum completed age of 25 years

  • A valid GMAT / GRE score

  • Minimum 4 years of full-time work experience after completion of graduation.

  • 3

    Margin

    Nil.

    4

    Quantum of Loan

    Maximum up to Rs.35.00 Lakh

    5

    Interest rate

    EBLR + 0.10% (floating)

  • EBLR prevailing on the date of disbursement (whether partial or full) shall be applicable.

  • The External Benchmark shall be reset at least once in three months or any other frequency as prescribed by Bank / RBI.

  • The spread will remain fixed for 3 years for the borrower. The first reset will be 3 years from the date of sanction and subsequent resets will be every 3 years from the last reset date.

  • The premium component will remain fixed till maturity of the loan.

  • 6

    Repayment period

    Maximum repayment period is 15 years (after completion of the course) or up to 60 years of age of the borrower, whichever is earlier.

    7

    Moratorium period

  • Moratorium up to course period only. Repayment to start from the next month of completion of course.

  • 9

    Other Terms and Conditions

  • Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank.

  • All other terms and conditions as per Special Education Loan Scheme for Premier Management & Technical Institutes to be complied with.

  • Details of MBA Programme for working executives of IIM Kozhikode

     

    Feature

    Details

    1

    Institute & Course

    Institute

    Course

    Indian Institute of Management, Kozhikode (IIM K)

    MBA Programme for working executives.

    2

    Eligible Individuals

    Working executives

    3

    Margin

    10% (total cost of the course at present is Rs.10.00 Lakh)

    4

    Quantum of Loan

    Maximum up to Rs. 9.00 Lakh

    5

    Interest rate

    EBLR + 0.75% (floating)

  • EBLR prevailing on the date of disbursement (whether partial or full) shall be applicable.

  • 6

    Repayment period

    Maximum repayment tenure (after course completion) will be 15 years (180 months) or up to 60 years of age of borrower, whichever is earlier.

    7

    Moratorium period

  • Moratorium up to course period only. Repayment to start from the next month of completion of course.

  • Interest to be serviced during moratorium as the students will be working professionals and earning income.

  • 9

    Other Terms and Conditions

  • Only working executives are covered under the Scheme.

  • Letter of consent / NOC from Employers to be obtained to pursue the programme.

  • Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank.

  • IT return/salary certificate/employment certificate to be obtained to assess the present earnings.

  • All other terms and conditions as per Special Education Loan Scheme for Premier Management & Technical Institutes to be complied with.

  • Details of e-Post Graduate Diploma in Advance Business Analytics (ePGD-ABA) of IIM-Ahmedabad:

     

    Feature

    Details

    1

    Institute & Course

    Institute

    Course

    Indian Institute of Management, Ahmedabad (IIM A)

    e-Post Graduate Diploma in Advanced Business Analytics (ePGD-ABA)

    [Name changed from Post Graduate Programme in Advanced Business Analytics (PGP-ABA)]

    2

    Eligible Individuals

  • Students must have undergraduate degree

  • A valid test score (GMAT / GRE / CAT / GATE or the PGP – ABA qualifying-cum-aptitude test

  • Minimum of 2 years of work experience (preferably in the domain of Business Analytics) 

  • 3

    Margin

    10% i.e. Rs.1.25 lakh (total cost of the course is Rs.12.50 lakh i.e. Course fee Rs.10.00 lakh & Laptop/books/other – Rs.2.50 lakh)

    4

    Quantum of Loan

    Maximum up to Rs. 11.25 Lakh

    5

    Interest rate

    EBLR + 0.25%(floating) –Continuation of earlier approval

  • EBLR prevailing on the date of disbursement (whether partial or full) shall be applicable.

  • 6

    Other Terms and Conditions

  • Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank.

  • All other terms and conditions as per Special Education Loan Scheme for Premier Management & Technical Institutes to be complied with.

  •  

    Details of Executive Post Graduate Programme in Management (ePGP) of IIM Raipur:

     

    Sr.

    No.

    Feature

    Details

    Institute

    Course

    1.

    Institute & Course

    Indian Institute of Management, Raipur

    Executive Post Graduate Programme in Management (ePGP)

    2.

    Eligible Individuals

    Working Executives

    3.

    Margin

    10% (Total cost of the course is 12.20 lakh i.e. Total Programme Fee Rs. 9.7 lakh & Laptop/Video Conferencing Peripherals/study material other than online Library- Rs 2.50 lakh)

    4.

    Quantum of Loan

    Maximum up to Rs.11.00 Lakh

    6.

    Moratorium Period

    Moratorium up to course period only. Repayment to start from the next month of completion of course.

    Interest to be serviced during moratorium as the students will be working professionals and earning income.

    7.

    Interest rate

    EBLR + 0.75% (floating)

  • EBLR prevailing on the date of disbursement (whether partial or full) shall be applicable.

     

  • 8.

    Repayment Period

    Maximum repayment tenure (after course completion) will be 15 years (180 months) or up to 60 years of age of borrower, whichever is earlier.

    9.

    Other Terms & Conditions

  • Only working executives are covered under the scheme.

  • Letter of consent/NOC from Employers to be obtained to pursue the programme.

  • Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank.

  • IT return/salary certificate/employment certificate to be obtained to assess the present earnings.

  •  

     Details of MBA Programme for working executives of IIM Jammu:

    S.No.

    Feature

    Details

    Institute

    Course

    1.

    Institute & Course

    Indian Institute of Management, Jammu (IIM JAM)

    MBA Programme for working executives

    2.

    Eligible Individuals

    Working Executives

    3.

    Margin

    10% (total cost of the course at present is Rs.8.85 Lakh)

    4.

    Quantum of Loan

    Maximum up to Rs.8.00 Lakhs

    6.

    Moratorium Period

  • Moratorium up to course period only. Repayment to start from the next month of completion of course.

  • Interest to be serviced during moratorium as the students will be working professionals and earning income.

  • 7.

    Interest rate

    EBLR + 0.75% (floating)

  • EBLR prevailing on the date of disbursement (whether partial or full) shall be applicable.

  • 8.

    Repayment Period

    Maximum repayment tenure (after course completion) will be 15 years (180 months) or up to 60 years of age of borrower, whichever is earlier.

    9.

    Other Terms & Conditions

  • Only working executives are covered under the scheme.

  • Letter of consent/NOC from Employers to be obtained to pursue the programme.

  • Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank.

  • IT return/salary certificate/employment certificate to be obtained to assess the present earnings.

  • Detail of Post Graduate Programme in Management for Working Executives (PGPMX) of IIM, Indore:-

     

    Sr.

    No.

    Feature

    Details

    Institute

    Course

    1.

    Institute & Course

    Indian Institute of Management, Indore

    Post Graduate Programme in Management for Working Executives(PGPMX)

    2.

    Eligible Individuals

    1. Bachelor’s degree or its equivalent.

    2. The percentage of marks obtained at the bachelor’s degree or the preceding degree should be minimum 50 or equivalent CGPA.

    3. Completed at least 5 years of full time managerial/professional experience after bachelor’s degree

    3.

    Margin

    Nil

    4.

    Quantum of Loan

    Maximum up to Rs.17.60 Lakh

    6.

    Moratorium Period

  • Moratorium up to course period only. Repayment to start from the next month of completion of course.

  • Interest to be serviced during moratorium as the students will be working professionals and earning income.

  • 7.

    Interest rate

    EBLR + 0.10% (floating)

  • EBLR prevailing on the date of disbursement (whether partial or full) shall be applicable.

  • 8.

    Repayment Period

    Maximum repayment tenure (after course completion) will be 15 years (180 months) or up to 60 years of age of borrower, whichever is earlier.

    9.

    Other Terms & Conditions

  • Only working executives are covered under the scheme.

  • Letter of consent/NOC from Employers to be obtained to pursue the programme.

  • Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank.

  • IT return/salary certificate/employment certificate to be obtained to assess the present earnings.

  •  

    Details of PGPM Programme for working executives of SPJIMR:

    Sr.

    No.

    Feature

    Details

    Institute

    Course

    1.

    Institute & Course

    S. P Jain Institute of Management & Research (SPJIMR),Mumbai

    Post Graduate Programme in Management (PGPM)

    2.

    Eligible Individuals

    Working Executives

    3.

    Margin

    10% (Total cost of the course at present is Rs.19.90 Lakh excluding living expenses, books, laptopetc.)

    4.

    Quantum of Loan

    Maximum up to Rs.20.00Lakh

    6.

    Moratorium Period

  • Moratorium up to course period (15 months) only. Repayment to start from the next month of completion of course.

  • Interest to be serviced during moratorium as the students will be working professionals and earning income.

  • 7.

    Interest rate

    EBLR + 0.75% (floating)

  • EBLR prevailing on the date of disbursement (whether partial or full) shall be applicable.

  • 8.

    Repayment Period

    Maximum repayment tenure (after course completion) will be 15 years (180 months) or up to 60 years of age of borrower, whichever is earlier.

    9.

    Other Terms & Conditions

  • Only working executives are covered under the scheme.

  • Letter of consent/NOC from Employers to be obtained to pursue the programme.

  • Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank.

  • IT return/salary certificate/employment certificate to be obtained to assess the present earnings.

  • Details of Programme for IRMA:

    Sr.

    No.

    Feature

    Details

    Institute

    Course

    1.

    Institute & Course

    Institute of Rural Management Anand (IRMA)

    Programme in Rural Management

    2.

    Margin

    Nil

    3.

    Quantum of Loan

    Maximum up to Rs.20.00 Lakh

    4.

    Interest rate

    EBLR+0.05% (floating)

  • EBLR prevailing on the date of disbursement (whether partial or full) shall be applicable.

  • 5.

    Security

    No collateral security

    6.

    Co-applicant/

    Guarantor

  • Either of the parents or spouse to be made guarantor.

  • Income/means of the guarantor is not to be considered while sanctioning the loan.

  • If the parent / spouse has not accompanied the student at the time of application / sanction, the formalities with regard to the guarantor such as obtaining credit information, guarantee bond, etc can be complied with subsequently.

  • Details of Post Graduate Programme in Management for Working Executive (PGP-WE) of IIM- Lucknow (Noida Campus):

    Sr.

    No.

    Feature

    Details

    Institute

    Course

    1.

    Institute & Course

    Indian Institute of Management, Lucknow (Noida Campus)

    Post Graduate Programme in Management for Working Executive (PGPWE)

    2.

    Eligible Individuals

  • Graduation/ Bachelor’s degree in any discipline or an equivalent academic pursuit (i.e.10+2+3), with a minimum of 50% marks or equivalent CGPA (Cumulative Grade Point Average).
  • A valid GMAT/ GRE score
  • Minimum 3 years of full-time work experience after completion of graduation
  • 3.

    Margin

    Nil

    4.

    Quantum of Loan

    Maximum up to Rs.11.00 Lakhs

    5.

    Moratorium Period

  • Moratorium up to course period only. Repayment to start from the next month of completion of course.
  • Interest to be serviced during moratorium as the students will be working professionals and earning income.
  • 6.

    Interest rate

    EBLR + 0.10% (floating)

  • EBLR prevailing on the date of disbursement (whether partial or full) shall be applicable.

  • 7.

    Repayment Period

    Maximum repayment tenure (after course completion) will be 15 years (180 months) or up to 60 years of age of borrower, whichever is earlier.

    8.

    Other Terms &
    Conditions

  • Only working executives are covered under the scheme.
  • Letter of consent/NOC from Employers to be obtained to pursue the program.
  • Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank.
  • IT return/salary certificate/employment certificate to be obtained to assess the present earnings.
  • Details of Executive Post Graduate Programme in Management (EPGP) of IIM- Bangalore:

    Sr.

    No.

    Feature

    Details

    Institute

    Course

    1.

    Institute & Course

    Indian Institute of Management, Bangalore

    Executive Post Graduate Programme in Management (EPGP)

    2.

    Eligible Individuals

  • Graduation/ Bachelor’s degree in any discipline or an equivalent academic pursuit (i.e.10+2+3), with a minimum of 50% marks or equivalent CGPA (Cumulative Grade Point Average).
  • A valid GMAT/ GRE score
  • Minimum 5 years of full-time work experience after completion of graduation
  • 3.

    Margin

    Nil

    4.

    Quantum of Loan

    Maximum up to Rs.29.00 Lakhs

    5.

    Moratorium Period

  • Moratorium up to course period only. Repayment to start from the next month of completion of course.
  • Interest to be serviced during moratorium as the students will be working professionals and earning income.
  • 6.

    Interest rate

    EBLR + 0.10% (floating)

  • EBLR prevailing on the date of disbursement (whether partial or full) shall be applicable.

  • 7.

    Repayment Period

    Maximum repayment tenure (after course completion) will be 15 years (180 months) or up to 60 years of age of borrower, whichever is earlier.

    8.

    Other Terms &
    Conditions

  • Only working executives are covered under the scheme.
  • Letter of consent/NOC from Employers to be obtained to pursue the program.
  • Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank.
  • IT return/salary certificate/employment certificate to be obtained to assess the present earnings.
  • Details of Master of Business Administration for Executives (MBAEx) of IIM- Calcutta:

    Sr.

    No.

    Feature

    Details

    Institute

    Course

    1.

    Institute & Course

    Indian Institute of Management, Bangalore

    Master of Business Administration for Executives (MBAEx)

    2.

    Eligible Individuals

  • Graduation/ Bachelor’s degree in any discipline or an equivalent academic pursuit (i.e.10+2+3)
  • A valid GMAT/ GRE score
  • Minimum 5 years of full-time work experience after completion of graduation
  • 3.

    Margin

    Nil

    4.

    Quantum of Loan

    Maximum up to Rs.31.00 Lakhs

    5.

    Moratorium Period

  • Moratorium up to course period only. Repayment to start from the next month of completion of course.
  • Interest to be serviced during moratorium as the students will be working professionals and earning income.
  • 6.

    Interest rate

    EBLR + 0.10% (floating)

  • EBLR prevailing on the date of disbursement (whether partial or full) shall be applicable.

  • 7.

    Repayment Period

    Maximum repayment tenure (after course completion) will be 15 years (180 months) or up to 60 years of age of borrower, whichever is earlier.

    8.

    Other Terms &
    Conditions

  • Only working executives are covered under the scheme.
  • Letter of consent/NOC from Employers to be obtained to pursue the program.
  • Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank.
  • IT return/salary certificate/employment certificate to be obtained to assess the present earnings.
  • EDUCATION LOAN EMI CALCULATOR

    **Conditions Apply**

    **Contact our nearest Branch for more details**