I am looking for info related to Indian bank Education Loan scheme for the students of Indian School of Business (ISB), so will you plz let me know about the same here ??

[prince karak]

As you are asking me for ndian bank Education Loan scheme for the students of Indian School of Business (ISB), so here I am telling about the same :

Scheme Special Scheme Under IBA for Hyderabad & Mohali Campus

Maximum loan amount Need based loan limit Upto 40 Lakhs

Interest rate At MCLR 1 Year which is currently 8.25 % p.a (No further concessions are
available for woman students)

Security No Collateral Security. Co-Applicant Parent or Spouse required

Repayment Period Max repayment period is 15 Yrs excluding moratorium period

Moratorium Period Course Period ( 12 Months ) + 1 Year or 6 Months after getting a job
whichever is earlier. (i.e) 12 + 12 = 24 Months )

Margin, Pre Payment, and processing charges NIL

Insurance Cover Life Insurance Policy is mandatory for the loan limit sanctioned covering
the entire loan period. (i.e. Study Period, Holiday / Moratorium Period and Repayment Period).
It can be done under the group life insurance policy i.e., New IB Jeevan Vidya (offered by LIC)
/IB Vidyarthi Suraksha (offered by IB Met Life) or under any other policy, as desired by the
student borrowers. The premium payable for the policy may be considered as an element,
eligible for finance.

Contact info

Shr N Prasanna Kumar

Indian Bank Plot No 12-16 Cyber Apartments, Indira Nagar Gachibowli, Hyderabad Contact No:
040-23000889 Mobile No:9848172875 E-mail: gachibowli@indianbank.co.in

Mrs.Bhavani
Indian Bank, Zonal Office, 4th Floor, Liberty Plaza Himayatnagar, Hyderabad
Contact No: 7036248811 E-mail: bavani.s@indianbank.co.in

Mohali:
Mr. Sukhdeep Singh
Infinity Corridor, Indian School of Business Knowledge City, Sector-81, Mohali Punjab 140306
Mobile:8427688011 E-mail:isbmohali@indianbank.co.in / indianbankisbmohali@gmail.com