Educational loans financial assistance
Disclaimer: The details mentioned below are only indicative. ISB does not take the responsibility for change in any terms conditions, rate of interest or coverage at the bank / financial institution level. The particulars of the loan facilities shall be as per the sanction letters and loan agreements entered in to between the bank / financial institution and the student. As a policy, we have made it mandatory for all students availing an educational loan, to insure the loan. Your loan banker will be able to provide more information on this.
Option-2: Remittance of only interest during the first two years and balance interest and principal to be adjusted and collected within the remaining period.
Andhra Bank, Hitech City Branch, Q-4, A-2, Cyber Towers, Madhapur, Hyderabad-500 081
Phone: 040-23421106 / 107 / 109
1)Mr.Vivek Kumar, Asst. Manager, Mobile No: 7330811175
2)Mr.V V Ramam, Chief Manager, Mobile No: 9490988255
Andhra Bank, SCF-93 , Phase-7, Mohali- 160063.
Phone: 0172- 5044676, 2220676
1)S Naga Malleshwara Rao, Sr. Branch manager, Mobile No: 9988332159
Base Rate + Mark up, Current base rate is 10.50%
(floating rate linked with MCLR Rates)
Name: Pramod Shetty
Name: Binita Dasgupta
Loan can be approved within two working days.
Self (applicant) as primary co-borrower-Parents/Siblings/Spouse as additional co-borrower
(inclusive of insurance cover on the loan amount)
10.75% (Floating) and 0.50% special concession for female students
15 Years above Rs. 7.5 Lakhs
Course period +1 Year or 6 months or soon after placement, whichever is earlier
2) Personal Guarantor (preferably parent or spouse)
Acceptable by the bank
Ms. Khushboo Vaishnav
12% p.a. or as prescribed by Central Bank or Bank time to time
EMI starts from the next month from the date of disbursement
Personal guarantees of Students/Parents/Sponsors
Insurance of Building
Key Branches for Loan Processing
Bank of Kathmandu Limited, P.O. Box 9044,
Kamal Pokhari, Kathmandu, Nepal
Telex: 2820 BOK NP
Tel: (977 1) 4414541
Fax: (977 1) 4418990
Students should be Indian nationals
2. Parent / guardian has to join as co- borrower. No collateral security.
( Loan will be given jointly to student and parent / guardian)
Repayment period is upto 15 years
Simple interest till completion of course and moratorium period.
EMI per month after the entire course period and moratorium period for 1 lakh rupees is approx.
Canara Bank, Madhapur
Plot no: 20 21, Behind Bata Showroom
Megha hills, Madhapur,
Mobile: 7382932209, 9885547310.
11.75% (floating) with interest repayment during course
Landline: 0253 3249276
Course Period ( 12 Months ) + 1 Year or 6 Months after getting a job whichever is earlier. (i.e) 12 + 12 = 24 Months ) .
Mr. S.BALAKRISHNA RAO
Hyderabad – 500 032
Marketing Manager, Zonal Office Hyderabad
Marketing Manager,Zonal office Hyderabad
SCF 14, Phase XI, SAS Nagar,
MOHALI – PUNJAB 160062.
Contact no. 8427688079, 0172-2234269
Mr. Sukhdeep Singh
Over Rs 30 lacs – 100% tangible security with value equivalent to full loan amount is required.
On the loan amount availed (Required)
Key Branches for Loan Processing
K Ramesh , Manager 9000991308
Y Surya Prakash Rao, Chief Manager 9949031301
Ph: 0172-2271407 | e-mail [email protected]
For any further details contact :
- Fee payable to college/hostel (reasonable cost will be considered if student prefers outside accommodation)
- Examination/Library/Laboratory fee
- Insurance premium, if applied.
- Caution deposit, building fund/refundable deposit supported by institution bills/receipts (ceiling 10% of tuition fee , if refundable deposit undertaking by student agreeing to credit to loan proceeds after completion of course)
- Study tours, equipments, computers and any other(ceiling of 20% of the tuition fee)
Tele-Phone No : 040-23394095/6363
Rate of interest will be charged on daily reducing balance at monthly rests
Following points will be considered :
a) Security – Constructed property.
In case of Plot – it can be accepted in exceptional meritorious cases.
Plot should be collector N.A. and duly fenced.
b) Age of the property should not be more than 30 Years for commercial property and 25 Years in case of residential Property. Residual life of the property should be more than the Loan Tenure. The Property should have a completion certificate from the competent authority.
c) Property can be mortgaged by way of registered mortgage.
d) Banks charge acknowledgement copy registered on the property will have to be kept on record.
e) Security shall be free from any previous charges