Educational loans & financial assistance

Leading financial institutions provide funding for up to 95% of the programme expenses to admitted students.

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.

Andhra Bank

Maximum loan amountNeed-based subject to maximum of Rs.30.00 lakhs or 95% of course cost whichever is lower
Interest rate1 year RLLR+0.3% i.e. 8.40% at present floating(No further concession for girl child/Merit student
Repayment periodMaximum repayment period is 10 years. The accrued interest during the moratorium period is to be added to principal while repayment in EMI is fixed.
MoratoriumCourse period+1 year or 6 months after getting job whichever is earlier
EMI OptionOption 1: Standard
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
Collateral Security


Co-obligationCo-obligation of earning parents/spouse suitable third party in case parents/spouse has no earning
Payment of InterestWill be collected as a part of the EMI after moratorium, whenever the repayment  commences
Pre-payment ChargesNIL
Insurance CoverMandatory liability Insurance on the loan amount availed
Contact pointHyderabad Branch:
Andhra Bank, Hitech City Branch,Q-4, A-2,
Cyber towers, Madhapur,Hyderabad-500081
Phone: 040-23421106/107/109
Email Id:
1. Mr. U. Veerabhadra Rao, Chief Manager, Mobile: 9490741852
2. Mrs.Y.Renuka, Asst.Manager, Mobile: 9491266662

Axis Bank

Maximum loan amountUpto 34 lacs without security 
Margin Money Not Required
Repayment Period10 years
Moratorium period12 months course + 6 months grace period ( Simple Interest to be paid during moratorium)
Rate of Interest9.75%
Repayment Options EMI/ SI/ Part simple interest (2,000 p.m.)
Processing Fee Amount5000 + tax
Insurance CoverRequired
Collateral SecurityNot Required
Relationship Self (applicant) as primary co-borrower
Parents/Siblings/Spouse as additional co-borrower
Pre-payment ChargesNo pre payment and part payment charges
Contact Point
Venkata Rao Pallanti
Mobile No.: 8142400094
E-mail ID:
Toll-free : 1800-833-6333 | SMS: AVANSE to 56677
 Loan Application | Checklist 

Bajaj Finance
Maximum loan amountSalaried Individuals: Up to Rs. 1 crore
Self-employed: Up to Rs. 3 crore with suitable collateral
Interest rateStarting from 9.6%, with a loan against 75% of the property value
Repayment periodMaximum tenor up to 20 years
Moratorium   Pay only interest as EMI. Repay the principal at the end of the tenor.
CollateralMortgage property.
SecurityCo-borrower required, Property on name of self, Parents, Spouse.
EMI Payment optionFlexi Payment option with a long tenor ranging from 2 to 20 years. By adding the Flexi Hybrid feature to the loan, withdraw and borrow from the credit limit multiple times and pay only interest as EMI. Repay the principal at the end of the tenor.
Pre-payment/ pre-closure chargesNo charge on part pre-payment, managing and repaying the loan becomes more cost-effective.
Insurance CoverNot compulsory.
Processing FeesProcessing Fees Maximum upto 1%** of the disbursal amount
Contact pointSalaried Customer

Self-employed Customer

Customer Care Number
 Loan Application

Bank of Baroda
Maximum loan amount (Collateral security Free)Maximum up to Rs. 40 lakhs
Interest rate@BRLLR i.e. 8.10%
Processing FeeNil for loan up to Rs. 40 lakhs
Repayment TypeEMI/Simple Interest/Token Amt/Complete Moratorium
Repayment period- For loans up to Rs. 7.50 lakhs: Maximum 10 years (excluding moratorium)
- For loans above Rs. 7.50 lakhs: Maximum 15 years (excluding moratorium)
Moratorium   Course period + 1 year
Collateral / Security- Up to Rs. 40.00 lakhs: Co-obligation of parents/guardian and assignments of future income.
- Above Rs. 40.00 lakhs: Tangible collateral security equal to 100% of the loan amount plus assignment of future income
Pre-payment chargesNIL
Contact pointHyderabad
Bank of Baroda, Hitech City Branch, 291/14/6/1, Ground floor, Bhaskar Empire - 500081
Contact No. 040-23118828 040-23421647 / 646 | Email:
Point(s) of Contact:
Mr. J.V.Durga Prasad Rao

Contact Number. +91-9030133315

Mr. Rahul Reddy R
Senior Manager, SMS Hyderabad
Contact No. +91-8905442984

Mr. T V V S Sarma
Chief Manager
Contact No. +91-7993316545

Point(s) of Contact:
Mr. Yogesh Kumar Solanki

Chief Manager
Contact No. +91-8558846415, 0172-5063468

Bank of India
Maximum loan amount20 Lakhs
(inclusive of insurance cover on the loan amount)
Interest rate

10.75% (Floating) and 0.50% special concession for female students

Repayment period10 years upto Rs. 7.5 Lakhs
15 Years above Rs. 7.5 Lakhs

Course period +1 Year or 6 months or soon after placement, whichever is earlier

EMI OptionStandard
Security1) Co-applicant OR
2) Personal Guarantor (preferably parent or spouse)
Acceptable by the bank
Payment of InterestIncluded in the EMI
Pre-payment ChargesNIL
Insurance CoverOn the loan amount availed (Required)
Contact pointHyderabad:
Ms. Khushboo Vaishnav
Marketing Manager
 Loan Application | Checklist

Bank of Kathmandu Limited
EligibilityAll Nepalese Students admitted for Post Graduate Programme in Management Course offered by ISB
Maximum loan amountNPR 6.0 Million or 90% of the total cost, whichever is lower
Interest rate

12% p.a. or as prescribed by Central Bank or Bank time to time

EMI Standard - NPR 1,435.00 Per one hundred thousand
EMI starts from the next month from the date of disbursement
EMI Repayment SourceIncome of the student's Parents/Sponsors
SecurityRegistered mortgage over real estate - land/Building
Personal guarantees of Students/Parents/Sponsors
Insurance of Building  
Contact point

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

Canara Bank
Application typeOnline / offline application 
EligibilityResident students of ISB Hyderabad / Mohali
Students should be Indian nationals
Quantum of loanUp to Rs. 40 Lakhs. 
Rate of interest8.30%
Processing feeNIL 
Margin             NIL 
Security1. No Collateral Security or Guarantor is required.
2. Loan will be given jointly to student and parent/guardian as co-applicant.
3. Joint borrowership can be waived, but Rate  of interest to be charged 0.60% extra.(RLLR+0.60)
Repayment tenure

Repayment period is upto 15 years 

Maximum processing time48 hours 
  1. Study Period plus 1 year or 6 months after getting job, whichever is earlier.
  2. Simple interest till completion of course and moratorium period. 
Repayment Penalty No prepayment penalty and Pre-Closure Charges 
Other Details All Educational loans under Vidya Turant can be covered under CSIS Scheme (Central Scheme for interest Subsidy for ELs up to 10 Lakhs for those students whose parental /family income upper limit is Rs.4.50 Lakhs). The interest subsidy is equal to the interest debited   to the account during the course period moratorium period (1year+1year).
Life insurance coverage is mandatory under vidya surakasha yojana scheme.
Contact point

Canara Bank, Madhapur

Plot no: 20 & 21, Behind Bata Showroom
Megha hills,  Madhapur,
Hyderabad 500081.
Phone: 040-23110210
Mobile: 7382932209, 9396715778.

DocumentsCanara Loan Application | Checklist 

Maximum loan amount25 Lakhs (Above 25 lakhs with suitable collateral)
Interest rate11.95% (floating) with full moratorium during course
11.75% (floating) with interest repayment during course
Repayment period10 years
EMI OptionStandard
Moratorium18 Months from the commencement of the programme or placement whichever is earlier
SecurityCo-borrower is required as Father, Mother, Brother, Sister, Spouse, Brother-in-LawPaternal Uncle as acceptable by Credila
CollateralNone up to 25 Lakhs
Pre-payment ChargesNone after 2 years from the first date of disbursement
Insurance CoverOn the loan amount availed (Required) from HDFC Ergo General Insurance.
Processing FeesRs.5000/- Flat Inclusive of Taxes
Contact pointVicky Francis
Mob: 9823736643
Landline: 0253 3249276
Toll Free: 1-800-209-3636, or
 Loan Application Form

Indian Bank
SchemeIB Educational Loan Prime Under IBA for Co-21 in Mohali & Hyderabad Campus
Maximum loan amount40.00 Lakhs
Rate of Interest
(Repo Based- Floating)
With Co Applicant -8.05%
Without Co Applicant – 8.15%
SecurityNo Collateral Security
MarginNo Margin
Repayment Period15 Years (180 Months) - Maximum
Moratorium  Period 
Course Period (12Months) + One year = 24 Months
Simple Interest During Moratorium 
Pre Payment, and processing charges NIL
InsuranceCost effective Single Premium Policy
Sanctioning Time24 hours 
Living ExpensesCovered
ReimbursementsAdmission Fee(295000), Laptop Cost, Books Cost, Deferral Admission Fee, Student Exchange Program Expenses, Study Trek expenses, additional course expenses
Co-Applicant Parent / Guardian / Spouse will have to stand as co- applicant
Contact pointHyderabad:
Mr. Prasanna Kumar
(AGM- Branch Manager)
M- 9848172875 (Whatsapp) |
 Address- Plot No. 12-16, Cyber Apartments,  
Indira Nagar, Gachibowli PO, Rangareddy Dist
Hyderabad – 500 032 
040 – 23000889; 23002820

Mr. Sukhdeep Singh
Branch Manager
8427688011 (Whatsapp) | (for large attachments only)
Branch Address- Indian School of Business, Sector-81, Mohali, Punjab 160062
0172-4591632, 33


Oriental Bank of Commerce
Maximum loan amount100% (Without collateral and without co-obligation)
Interest rate1 year MCLR (currently @ 8.75 %)
Repayment period15 years (irrespective of the loan amount)
Moratorium12 Months after completion of the course or 6 months after placement, whichever is earlier
SecurityNo Parental/spouse Co-obligation
Payment of Interest
Simple interest will apply during moratorium period(Study period + Grace
Period) and thereafter interest will be compounded
Pre-payment ChargesNIL
Insurance CoverOn the loan amount availed (Required)
Processing Charges NIL
Documentation Charges NIL
Contact pointHyderabad
Mr.Bhoopesh B. Pandya , Chief Manager, Mobile: 8929426574
Ms. S. Swapna, Manager (Loans Department) – 9912053583
Mr. Karan Khurana, Assistant Manager –8708699441

HYDERABAD – 500 081
Phone No: 040 – 23100400.

State Bank of India
Maximum loan amountRs. 40 Lakhs
Interest rateOne Month MCLR  + 0.05 % per annum fixed

Presently applicable ROI is 7.00%

Repayment period13 Years (excluding moratorium period)
Moratorium1 Year (course period) + 1 year or 6 months after getting job whichever is earlier
Payment of InterestWill be collected as a part of the EMI after the moratorium
Pre-payment ChargesNIL
Collateral SecurityNIL 
Processing ChargesNIL 
Documentation ChargesNIL 
Insurance Cover

Not mandatory 

Co-BorrowerEither Parents or Spouse
Contact point

State Bank of India, HUC Branch, Gachibowli,  Hyderabad - 500019

Branch Email :

Contact Persons :

Surya Prakash Rao, Chief Manager : +91- 9949031301

V Bharathi, Deputy Branch Manager : +91-9985531122

Thushar Kowshik, Deputy Manager : +91-

State Bank of India, Phase - I Branch, Mohali - 160055

Branch Email:

Contact Persons :
Mr. Jivan Sharma, Branch Manager : +91- 9779585007

Syndicate Bank


Maximum loan amountMaximum Rs. 30.00 lakhs.
Guarantor/Surety/ CollateralGuarantee of parent.
Interest rateBR+ 0.50 (Presently 10.20%) If interest is served during Moratorium period, otherwise 1% additional interest. 0.5% concession to girl students.
Add onsStudent is eligible to
  • Open self introduced SB A/c with Debit-cum-ATM Card.
  • Avail Additional Loan up to Rs. 3.00 lakhs if selected to go abroad under student exchange scheme during the second year of the course in Management, up to the maximum loan of Rs. 20.00 lakhs.
Processing & Documentations charges.Nil
Repayment period
Loans Upto   7.50 lakhs –  Up to 10 years(exclusive of moratorium period)
Loans Above 7.50 lakhs –  Up to 15 years(exclusive of moratorium period)
MoratoriumCourse period+1 year or 6 months after getting job whichever is earlier
Expenses Considered
  • 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)
Contact point
HMWS & SB Building, West Block, 2nd Floor,
Khairatabad,  Hyderabad,
Tele-Phone No : 040-23394095/6363
E-mail ID:

Mrs. C Padma,                                                  
 Asst. Gen Manager ,
+91 - 9440905228

Mrs. Anuradha S Karunaker
Manager- Retail Credit

Mr. Praveen kumar.
Asst. Manager -Marketing
Mr. Yogendra Kr Singh,
Asst. Manager- Marketing

Loan Application Form   |   Check-list


The Cosmos Co-operative Bank Ltd
Maximum loan amountUp to 30 Lakhs
Interest rate

12.00% p.a.
Rate of interest will be charged on daily reducing balance at monthly rests

Loan Tenure5 Years
Repayment/ MoratoriumNo Repayment Holiday/ Moratorium Period
SecuritySecurity Cover in the form of immovable property to the extent of 80% of distress value.
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
Payment of InterestWill be collected as a part of the EMI after the moratorium
Pre-payment ChargesNIL
Insurance CoverLife Insurance cover is optional but highly advisable
Contact point


3-5-798, Prathima Schalass,
New No. 248, Street No. 8,
Hyderguda, King Koti Road,
Pin :500 029
Tel : 040 - 23231705 Fax : 040-23231694


Chief Manager, C. Ramesh

Mob: 8886666012

Land line : 040- 23231705

Vijaya Bank
Maximum loan amountUp to 20 lakhs
(inclusive of insurance cover on the loan amount)
More than 20 lakhs
(on case to case basis with collateral as security)
Interest rate8.50% p.a. (One year MCLR presently)
Repayment period15 Years after moratorium
Moratorium18 Months or soon after placement, whichever is earlier
Security1) Co-applicant OR
2) Personal Guarantor (preferably parent or spouse)
Acceptable by the bank
3) Collateral required for loans more than 20 lakhs
Payment of InterestWill be collected as a part of the EMI after the moratorium, whenever the repayment commences.
Pre-payment ChargesNIL
Insurance CoverOn the loan amount availed (Required)
Contact Details

1) Gachibowli: Contact No. 040-23004347

    Email :

2) RACPC –Hyderabad: Contact No. 040-23220940, 7036794300 (Mr. Srinivas Dasari)
    Email :


Educational loans for PGP

LogoImage result for idbi bank
Maximum loan amountINR 30 Lakhs or 100% of the total cost of the programme whichever is lower (inclusive of insurance cover)
All amounts: 8.25% 
Co-ApplicantCo-applicant is mandatory for all the loans. The loan documents should be executed by both, the student and the co-applicant/s
Repayment periodRepayment of loan will be in equated monthly installments for a period of upto 15 years after completion of moratorium period 
MoratoriumCourse period + 1 year or soon after placement, whichever is earlier
SecurityNo security for loans upto INR 30 lakhs for students who have secured admission to ISB Hyderabad and Mohali Campuses
Insurance CoverInsurance of Borrower/s is optional as per the requirement of the Borrower/s
Documents(a) Applicant:
- Age proof
- ID proof
- Address proof
- Marksheets of last qualifying examination
- Proof of admission (before disbursement), scholarship, etc.
- Schedule of expenses for the specified course

(b) Co-applicant:
- Age proof
- ID proof
- Address proof
- Signature proof
- Employment or Business or Income proof
Contact point

Sudheshna Rangu, Assistant Manager
IDBI Bank Ltd, Gachibowli Branch
Near IIIT junction, JNIBF Campus
Gachibowli, Hyderabad - 500032 
Mob: 9094553246

Punjab National Bank
Maximum loan amountUp to Rs.30.00 lacs
Loans above Rs..30.00 lacs shall be considered on case to case basis.
Interest rateOne year MCLR + 0.10 % presently 8.55%
Repayment period15 years
MoratoriumCourse period +1 year or 6 months after getting job, whichever is earlier
  • Parents to be co-obligants
  • No Collateral security required 
Payment of InterestCourse period + 1 year        or        6 months after getting job, whichever is earlier
Upfront/Processing fee: Nil
Documentation Charges: Rs. 450 + ST only
TAT: 2-3 working days after submission of all the documents along with application
Reimbursement of fees already paid will be allowed within 6 months.
Documents Required1. Loan application with Passport size photograph of borrowers & guarantor
2. Proof of age
3. Residence proof of Applicant and Co-obligants
4. PAN No. of Applicant and Co-obligants with 3years ITRs & Latest salary slip
5. Proof having passed the last qualifying examination
6. Letter of admission
7. Prospectus of the course and Fee Schedule
8. Details of Assets & Liabilities of Applicant and Co-obligants along with proofs
9. Receipt for the amount of fee already paid 10. Any other document/ information, depending upon the case
Contact point

Mohd. Maqsud Ali, AGM – 9848384195
V. Satyanarayana, Chief Manager – 9676729292 

Punjab National Bank, Bank Street, Abids, Hyderabad
Landline: 040-24744534, 24741205, 24605688  email:


Loan Application Form   |   Check-list


LogoImage result for dcb logo  
Maximum loan amountUp to Rs.10.00 lacs.
Interest rate12.%
Repayment period10 Years
MoratoriumCourse period +1 year or 6 months after getting job, whichever is earlier
Loans Above 4 Lakhs need to be secured by way of one or two guarantors acceptable to the bank.
Loans above 7.5 Lakhs are required  to be secured by tangible collateral equivqlent to 12.5 % of the loan amount.
Payment of InterestCourse period + 1 year        or        6 months after getting job, whichever is earlier
ChargesProcessing Fees         :     NIL
Prepayment Charges :     NIL
Documents Required
  1. Loan application with Passport size photograph of borrower and co-borrower
  2. Proof of age
  3. Residence proof of borrower and co-borrower;
  4. PAN no. of  the Co-Borrowers with 3years ITRs & Latest salary slip
  5. Proof having passed the last qualifying examination.
  6. Letter of admission
  7. Course fee details
  8. Documentary Evidence of the Assets and Liabilities of the Borrowers
  9. Any other document/ information, depending upon the case and purpose of the loan.
Contact point
Mustaq Ahmed
Branch Manager
Handheld: + 91 9866366900
Landline: + 91 4064631258
Salima Dosania

Loan Application Form   |   Check-list


Federal Bank
Maximum loan amountMaximum Rs. 30 lakhs. Without any collateral Security
Guarantor/Surety/ CollateralGuarantee of Spouse/parent/Parents-in-law/Guardian/close relatives acceptable by the Bank.
No Collateral Security required.
- Company Sponsorship / assistantship to be included in margin
- Margin may be brought in as and when disbursements are made on a pro-rata basis at applicable rates
Interest rate@ MCLR for loans up to 20 lacs which is 9.60 %    Only Simple interest charged during moratorium period
MCLR + 1% for loans above 20 lacs ( Negotiable )
Special Offer to ISB StudentStudent is eligible to
  • Open self introduced SB A/c with Debit-cum-ATM Card, Internet banking etc.
Processing FeeNil for Loan up to 20.0 Lacs                     
 Rs 2500 + Service Tax for Loans above 20 Lacs
Repayment period
Up to 10 years
MoratoriumCourse period + 6
Course period + 3 months in case of working professionals.
Insurance Cover
  • Single premium policy covering Loan Amount. Insurance amount can be included in the loan amount.
Contact pointSh. Rajiv Chauhan,
Manager & Br.Head, 
Branch- Mohali
Ph. No: +91-8146080349
Mr. Satish                 9908947960
Mr. A Siva Prasad   9849782409

Loan Application Form   |   Check-list


Maximum loan amountMinimum Rs. 1 lakh and maximum up to 40 lakhs
Interest rate10.50%
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
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:
Amarjit Singh Sodhi
ICICI Bank, Plot 143, City Emporium Mall, 3rd floor, Industrial Area Phase 1, Chandigarh – 160002
Contact No. +91-9988003498 | Email:

Central Contact
Balaji CS
Contact No. +91-9941504900 | Email:

Prodigy Finance
UCO Bank
Maximum loan amountMaximum up to 30 lakhs
Interest rateUCO Float Rate + 0.15% i.e. 8.20% (8.05+0.15=8.20) currently
Processing FeeNil
Repayment Repayment of the loan will be in maximum 180 equated monthly installments (EMIs*) i.e. 15 years after repayment holiday/moratorium period
Moratorium PeriodCourse period + 1 year after completion of study
SecurityNo security required
InsuranceMaximum loan amount Rs. 30 lacs (inclusive of group credit life insurance premium)
Contact pointHyderabad
M Srinivass Chary, 
Branch Head, Suryanagar Branch
Contact No. 040-23563006, 23560989
Manoj Kumar Bhukya, 
Branch Head, Gachibowli Branch
Contact No. 040-23005022

B Murali Krishna, 
Branch Head, Madhapur Branch
Contact No. 040-23110118

Chandan Bandha, 
Manager- Marketing
Contact No. 9337355588

Union Bank of India
LogoRelated image
Maximum loan amountRs.42.74 Lakh
Interest rateEBLR (Presently  -  7.20%)
Processing FeeNil
Repayment period15  Years (Excluding Moratorium Period)
Moratorium   1 year (Course Period) + 1 year or 6 months after getting employment whichever earlier
Collateral / SecurityNil
Insurance CoverMandatory
Payment of Interest Servicing of Interest during course/moratorium period is optional.
Pre-payment chargesNil
Contact pointHyderabad
Mr. Chavali S Srinivas
Chief Manager, ULP Head, Saifabad
(M):88070 05185 | 94442 15185
Mr. 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