IBS Admissions Office

Ground Floor, Plot No. 65, Nagarjuna Hills,

Punjagutta, Hyderabad - 500 082, Telangana, India.
Telephone Board: + 91-40-2344 0963; Toll Free: 1800 425 556677
www.ibsindia.org
1

ICFAI_Selection_CV_PAP.indd 1 32
ICFAI_Selection_Pro19_PAP.indd 12/18/2018 2:08:30 PM ICFAI_Selection_Pro19_PAP.indd 1 2:29:26 PM
12/18/2018 2:08:26
 ICFAI Business School (IBS) Selection Process is conducted at IBS Hyderabad campus for the
candidates shortlisted based on IBSAT 2018/GMAT/CAT 2018/ NMAT by GMACTM scores.
The Selection Process is conducted for:
• MBA program offered at IBS Hyderabad, IBS Dehradun and IBS Jaipur.
• Post Graduate Program in Management offered at IBS Ahmedabad,
IBS Bengaluru, IBS Gurgaon, IBS Kolkata, IBS Mumbai and IBS Pune campuses.

IBS Ahmedabad IBS Bengaluru IBS Dehradun

IBS Gurgaon IBS Hyderabad IBS Jaipur

IBS Kolkata
IBS Pune

IBS Mumbai

ICFAI_Selection_Pro19_PAP.indd 3 12/18/2018 2:14:22 PM

 W elcome
Congratulations and welcome to the Selection Process of ICFAI Business School (IBS).
IBS is committed to developing corporate leaders who can understand the dynamics of
global business organizations and deliver sustainable results within a broad frame-work
of business ethics and corporate governance.
Candidates from across India and from very diverse backgrounds attend the highly
competitive Selection Process conducted at IBS Hyderabad campus.
The Selection Process is designed to select self motivated candidates, who have
inquisitive minds, who are willing to work hard and who are aspiring for top level
positions and career opportunities in the field of management unleashed by economic
reforms.
The mission of IBS is to promote fairness, integrity and transparency in the admission
process. Admission decisions are made on academic merit and performance in GD/PI.
The details of the Selection Process are given in subsequent pages. Please read the
contents carefully and come fully prepared for the Selection Process.
Wishing you all the best .

Admissions Officer
4

ICFAI_Selection_Pro19_PAP.indd 4 12/18/2018 2:14:23 PM

 This booklet covers the following aspects of
Selection Process
Accommodation
1 Arrival at Hyderabad 2 at Hyderabad

3
How to reach the Venue
for Selection Process 4 Selection Process
Schedule

5
Registration for the
Selection Process 6 Selection Process

• Submission of documents • Group Discussion • Personal Interview

• Issue of Admit Card for Selection Process • Criteria for Selection • Selection Process Result
• Payment of Admission Fee • Waitlist allotments

7 Eligibility Criteria 8 Induction &

Program Registration

9 Fee Schedule 10 IBS Scholarships

11 IBS Student
Assistantships 12 Address for
Correspondence

13 Financing your
Education

ICFAI_Selection_Pro19_PAP.indd 5 12/18/2018 2:14:23 PM

 6

ICFAI_Selection_Pro19_PAP.indd 6 12/18/2018 2:14:23 PM

 1 Arrival at Hyderabad

Hyderabad is well connected by flights, trains and buses. Candidates

travelling by flight will alight at Rajiv Gandhi International Airport (RGIA),
Shamshabad, Hyderabad. The distance from Airport (Shamshabad) to
ICFAI Business School (IBS) Hyderabad Campus is approximately 40 kms.
Candidates traveling by train may alight at any one of the following railway
stations:
a. Secunderabad: Distance to IBS Campus is approximately 40 kms.
b. Nampally (Hyderabad): Distance to IBS Campus is approximately
37 kms.
c. Kachiguda: Distance to IBS Campus is approximately 40 kms.
Candidates traveling by bus may alight at any one of
the following bus stations:
a. Jubilee Bus Station, Secunderabad: Distance to IBS Campus is
approximately 40 kms.
b. Mahatma Gandhi Bus Station: Distance to IBS Campus is
approximately 42 kms.
A route map to reach IBS Hyderabad Campus and the details of call taxis
are given in the Ready Reckoner (given in this Kit).
In the past, it has been observed that outstation candidates who arrive
at Hyderabad on the day of the Selection Process are often unable to
reach the venue on time. Hence all candidates are advised to arrive at
Hyderabad a day prior to the allotted date of the Selection Process. The
details of the Selection Process and the venue are given in subsequent
pages.
All candidates are advised to read the contents carefully and prepare
accordingly.

ICFAI_Selection_Pro19_PAP.indd 7 12/18/2018 2:14:23 PM

 Accommodation
2 at Hyderabad

ICFAI Business School (IBS) Hyderabad does not provide any accommodation
for the candidates attending the Selection Process. Candidates and their
accompanying persons are requested to make their own arrangements for
accommodation, well in advance. A list of hotels with their tariff rates and
locations are given in the Ready Reckoner. Please note that this is not an
exhaustive list. The information on other hotels/guest houses in Hyderabad is
available on the internet.

3
How to reach the Venue
for Selection Process

The venue for Selection Process (SP) is IBS Hyderabad Campus. The
route map for the same is given in the Ready Reckoner (enclosed).
The candidates have to report at the venue by 7.00 a.m. on the
allotted date for the Selection Process.The registration will be closed
by 8.30 a.m.

Bus Facility: IBS provides to and fro bus facility, from IBS Admissions
Office, Plot No.65, Nagarjuna Hills, Punjagutta, Hyderabad to IBS Hyderabad
Campus, Donthanapally, Shankarpalli Road, Hyderabad on payment of ` 600
per person. The travel time is about one hour for the 33 km Journey.

To avail the bus facility, candidates are required to confirm online

indicating the number of persons (including the candidate and the
accompanying persons) for whom the bus facility is required using the
link “Online Confirmation – SP & SB” available at www.ibsindia.org before
January 30, 2019. Candidates can make the payment online. The buses will
be arranged only for those who confirm and pay online.

The buses to IBS Hyderabad Campus will depart between 6.15 a.m. and 7.15
a.m. Those who reach the pick-up point after 7.15 a.m. are required to make
their own travel arrangements.

The candidates who availed the bus facility will be dropped back at Punjagutta
after the completion of the Selection Process. The buses for return journey
will start from campus from 2.30 p.m. onwards.

• Only those candidates whose Selection Process is scheduled on that day

and who had confirmed and paid the bus charges online will be permitted
to avail the bus facility.

• Candidates are required to carry the Selection Process Call Letter, a

Photo ID and the bus coupon (issued online) to use the transport facility.

• There is no parking space for any vehicle at the pick-up point at

Nagarjuna Hills, Punjagutta. Hence the candidates/accompanying
persons are requested not to bring personal vehicles to the pickup
point.

ICFAI_Selection_Pro19_PAP.indd 8 12/18/2018 2:14:23 PM

 • The candidates and accompanying persons have to alight near Adidas
Showroom at Punjagutta on the main road by the side of the flyover
and reach Bus pick-up point, Plot No: 65, Nagarjuna Hills, Punjagutta,
Hyderabad.

• Own/ Hired Transport: Those who wish to reach ICFAI Business School
(IBS) Hyderabad Campus at Donthanapalli using their own/hired
transport may report at the Campus by 7.00 a.m. sharp on the date
allotted to them. The registration will be closed by 8.30 a.m.

For any queries relating to reaching the bus pick-up point at

Nagarjuna Hills or IBS Hyderabad Campus, please contact
the Counselors on the helpline number 040–23440963 or
Toll Free No. 1800 425 556677

Facilities at the Selection Process Venue

• Cloak room facility (Baggage hold)
• Canteen facilities (on payment basis)
• A medical officer and first-aid facilities
• Counselors at the information desk.
• Financial Aid Facilitation Cell

• Bank Stalls for Education Loans.

4 Selection Process
Schedule

Activity Timings
Registration 7.00 a.m - 8.30 a.m
Briefing 9.00 a.m - 9.30 a.m.
Group Discussion and 10.00 a.m onwards
Personal Interview

ICFAI_Selection_Pro19_PAP.indd 9 12/18/2018 2:14:24 PM

 5
Registration for the
Selection Process

All candidates are required to register for the Selection Process between
7.00 a.m. to 8.30 a.m. only at ICFAI Business School (IBS) Hyderabad Campus
on the date confirmed by them by showing the Selection Process Call Letter.
Submission of Documents
Candidates have to submit the following documents at the registration
counters on the day of Selection Process:
• Application Form (Duly filled in with photo affixed)
• Self attested Photocopies of marks sheets and
Certificates of Class X, Class XII, and Graduation.
The candidates will not be permitted to attend the Selection Process if they
do not submit the above documents.
Application Form
Candidates should give a complete and true picture of themselves as the
details provided are carefully reviewed, and the admission decision is made
only after assessing all the information provided.
Candidates are advised to indicate their order of preferences for all nine
IBS campuses.
Issue of Admit Card for Selection process
Candidates who submit the duly filled in Application Form and self attested
photocopies of their marks sheets and certificates, will be registered and
issued an Admit Card for Selection Process, which gives the details of events
for the day. The Admit Card should be retained by the candidates for the
entire Selection Process till they leave the campus.

10

ICFAI_Selection_Pro19_PAP.indd 10 12/18/2018 2:14:25 PM

 6 Selection Process

The Selection Process comprises of Group Discussion and Personal Interview.

The Selection Process generally takes 3–4 hours from the commencement
of briefing. Hence the candidates are advised to plan their return journey
after 8.30 pm only.
Group Discussion
In the group discussion, a topic will be announced to a group of 8-10
candidates. The candidates will be given 15 minutes for the group discussion.
After discussion each candidate will be given an opportunity to summarize
his/her opinion in a minute.
Depending on the individual contribution the attributes of the candidates are
assessed on various parameters like expression, initiative, communication,
analytical skills and behavior in group.
Personal Interview
The personal interview is the final stage of the Selection Process.
The interview panel members are Directors, Deans, Senior Faculty
Members and Alumni. The duration of the interview for each
candidate will be for 10-15 minutes. The interview panel will focus
on assessing the attitude and aspirations of the candidates besides
evaluating their general knowledge, communication skills, clarity
of thought and expression and aptitude for a career in management.
Criteria for selection and allotment of seats
Admissions are strictly based on merit. A composite score out of 100 is
arrived at based on various parameters. The weightages allotted to different
components in the Selection Process are given in the table below.

Criteria Weightage (%)

a Past Academic Record 50
X Class Marks 10
XII Class Marks 15
Degree Marks 25
b Group Discussion 25
c Personal Interview 25
Total Score 100
The allotment of campus is based on the composite score and the campus
preferences of the candidate.

Results
A detailed letter indicating the percentile secured and the campus
allotted/ waitlisted will be provided on the website www.ibsindia.org in
the First week of March 2019. Candidates can login with their application
number and password to find out their score and whether they are
selected or waitlisted for the campus. A candidate may be selected for
one campus and waitlisted for another campus.

11

ICFAI_Selection_Pro19_PAP.indd 11 12/18/2018 2:14:25 PM

 Payment of Admission Fee
The candidates are required to pay the Admission Fee of ` 80,000 in the form
of Demand Draft by March 22, 2019. The payment of fee within the due date
is for reserving the seat in the program. The fee received after the due date
will not be accepted.

Waitlist Allotments
The Waitlisted Candidates who have paid the Admission Fee by
March 22, 2019 will be considered for waitlisted allotments.
The waitlisted allotments will be done from March 25, 2019 onwards.

No Canvassing
Candidates and parents are strictly advised not to resort to any
canvassing directly or indirectly to support their application. Canvassing or
recommendation in any form will be a serious disqualification. Also, please
note that there are no management or NRI quotas for admission into the
IBS Programs.

7 Eligibility Criteria

Graduation in any discipline with a minimum of 50% marks; with medium of

instruction as English.
Candidates not meeting the eligibility criteria of English medium at
undergraduation level have to submit the TOEFL/NELT/IELTS score by May
31, 2019.
Minimum 15 years of education (10 + 2 + 3 or 10 + 2 + 4). For eligibility
criterion, the aggregate percentage of marks secured in all the subjects of all
the years shall be taken into account.
Candidates who are in the final year bachelor’s degree programs are eligible
to participate in Selection Process, provided they complete their graduation
requirements (including practical examinations/viva/ assignments/ backlogs)
before May 31, 2019.
For candidates whose degree results are not yet declared, the admission will
remain provisional until they produce marks sheets and degree certificates
establishing their eligibility.The last date for submitting proof of graduation is
November 01, 2019. Candidates who do not meet the eligibility criterion
of scoring a minimum of 50% in graduation can apply for refund of 75% of
the first installment of program fee paid.
The scrutiny of eligibility criterion will commence from August, 2019
onwards. Hence, the onus of ensuring that they satisfy the eligibility criterion
rests solely with the candidates. Any inaccurate information, misleading
information or omission may result in withdrawal of admission offer and
the fee paid by the candidate is non refundable in such instance. For any
clarification on eligibility criterion please contact IBS Admissions Office,
Hyderabad only.

12

ICFAI_Selection_Pro19_PAP.indd 12 12/18/2018 2:14:25 PM

 8 Induction Sessions &
Program Registration
The Induction Sessions for the MBA/ PGPM program are organized on topics like
Case Methodology, Business Mathematics, Basics of Accounting, Computer Skills,
Communication and Presentation Skills and other activities pertaining to business
studies to bring all the students on to a common platform. The Induction classes will
commence on May 20, 2019 at all ICFAI Business School (IBS) campuses. In case of
any genuine difficulty (like final year examinations) in attending the Induction classes,
you should immediately send a written request to the campus head (of your allotted
campus) requesting for exemption.
Regular Classes will commence on June 03, 2019 at all IBS Campuses.
All the selected candidates are mandatorily required to report at the allotted campus
on June 03, 2019 for program registration and submit the first installment of fee along
with self-attested photocopies of Class X, Class XII and graduation certificates and
marks sheets and show original certificates and marks sheets for verification.
The candidates who are in their final year of graduation and whose results are yet to be
declared, need to submit the marks sheets of the previous years of study.

9 Fee Schedule

IBS Ahmedabad
IBS Bengaluru
IBS IBS Gurgaon IBS Dehradun
Due Date Installment
Hyderabad IBS Kolkata IBS Jaipur
IBS Mumbai
IBS Pune
March 22, 2019 Admission Fee 80,000 80,000 80,000
June 03, 2019 I 2,64,000 1,44,000 97,000
October 14, 2019 II 2,64,000 1,44,000 97,000
February 17, 2020 III 2,64,000 1,44,000 97,000
June 01, 2020 IV 2,64,000 1,44,000 97,000
October 12, 2020 V 2,68,000 1,45,000 99,000
TOTAL 14,04,000 8,01,000 5,67,000

*In addition, students have to pay `10,000 as refundable Caution Deposit along with the first installment
of Program Fee.

Laptops: The candidates are required to get their own laptops when reporting at
the campus.
Hostel facility is available at IBS Hyderabad and IBS Jaipur only. Hostel facility is not
available at other IBS Campuses. However the campus administration will assist the
students in getting a suitable hostel or off campus accommodation nearby the respective
campus. The living expenses in these cities vary from ` 10,000 – ` 15,000 per month.
The Accommodation and Mess charges have to be borne by the students.

13

ICFAI_Selection_Pro19_PAP.indd 13 12/18/2018 2:14:25 PM

 10 IBS Scholarships

ICFAI Business School (IBS) offers various types of Scholarships to students.

A. Campus Merit Scholarship
Campus Merit Scholarship is offered to students on the basis of Grade Point Average
(GPA) in Semester I, II and III.
A maximum of 15% of students at each campus among 3 categories of GPA are eligible
for Campus Merit Scholarship as given below. The Scholarship amounts will be adjusted
progressively against the fee payable by the students.
IBS Hyderabad
Performance in Semester I, II and III
Students Eligible
Scholarship Amount (Out of 15% of
Category GPA
(Rs) Eligible Registered
Students)
A 9.00-10 90000 20%
B 8.00-8.99 70000 30%
C 7.00-7.99 50000 50%
IBS Ahmedabad, IBS Bengaluru, IBS Gurgaon, IBS Kolkata, IBS Mumbai and IBS Pune
Performance in Semester I, II and III
Scholarship Students Eligible
(Out of 15% of
Category GPA Amount
Eligible Registered
(Rs) Students)
A 9.00-10 50000 20%
B 8.00-8.99 35000 30%
C 7.00-7.99 25000 50%
IBS Dehradun and IBS Jaipur
Performance in Semester I, II and III
Students Eligible
Scholarship
Category GPA (Out of 15% of Eligible
Amount (Rs) Registered Students)
A 9.00-10 35000 20%
B 8.00-8.99 25000 30%
C 7.00-7.99 20000 50%

In case more number of students meet the GPA criterion of a particular category, the
amount will be distributed among the eligible students equally. The scholarship amount
awarded will be inversely proportionate to the number of students become eligible for.
The detailed information on Merit Scholarship will be provided in Student Hand Book.

B. Domicile Scholarship for IBS Dehradun and

IBS Jaipur
IBS Dehradun and IBS Jaipur offer Domicile Scholarship of ` 50,000 to the students
belonging to the States of Uttarakhand and Rajasthan respectively. The Scholarship
amount will be adjusted equally in 5 installments of program fee.
The candidates have to produce respective domicile certificate from the Tahsildhar/ MRO/ Municipal office.

14

ICFAI_Selection_Pro19_PAP.indd 14 12/18/2018 2:14:25 PM

 C. Past Academic Record Scholarship for IBS
Dehradun and IBS Jaipur
IBS Dehradun and IBS Jaipur offer Scholarship based on past academic record
in Graduation. The scholarship amount awarded will be adjusted equally in 5
installments of program fee. The details are given below:

Past Academic Record Scholarship

Graduation Performance Scholarship Amount (`)
≥ 80% 1,00,000
≥ 70% to < 80% 75,000
≥ 60% to < 70% 50,000

11 IBS Student Assistantships

ICFAI Business School (IBS) offers 3 types of Assistantships to limited number of

students who are in need of financial support to meet part of their expenditure
during the program:

• Digital Marketing Assistantships

• Library Assistantships
• Computer Lab Assistantships
Digital Marketing Assistantships
IBS offers Digital Marketing Assistantship for a period of 6 months. ` 6000 per month
will be offered as stipend.
Students who have got flair for digital and social media will be offered Digital Marketing
Assistantships to carry out visual branding, promote online marketing, writing blogs in
face book, twitter and other social media platforms which would help showcasing the
student activities of IBS Campuses.
Library Assistantship
IBS offers Library Assistantship to students for a period of 6 months. ` 5000 per
month will be offered as stipend.
Students who are offered the Library Assistantship are required to work in the library
after the college for 2 hours (three days in a week) to assist the librarian in maintaining
the catalogues, updating catalogues on computer and any other job related to library
assigned to them by the Librarian.
Computer Lab Assistantships
IBS offers Computer Lab Assistantship to students for a period of 6 months. ` 5000
per month will be offered as stipend.

Students who are offered the Computer Lab Assistantships are required to work in
the Computer Lab after the college for 2 hours (three days in a week) to assist the
System Administrator in systems maintenance, software update, network issues etc.

15

ICFAI_Selection_Pro19_PAP.indd 15 12/18/2018 2:14:25 PM

 12 Address for
Correspondence

Candidates are required to address all their correspondence to:

Admissions Officer,
ICFAI Business School (IBS) Admissions Office,
Plot No. 65, Nagarjuna Hills, Punjagutta, Hyderabad - 500 082,
Telangana State, India.
Telephone Board: + 91-40-2344 0963;
Toll Free No. 1800 425 5566 77 (Mon-Fri 9.30 am to 5.30 pm)
E-mail: ibsat@ibsindia.org
Correspondence sent to any other official at any other address will not
elicit any response.

13 Financing your
Education

The time, effort and money that students spend in earning a postgraduate
qualification in management can be one of the most important investments
they will ever make. The returns from this investment can be measured in
terms of enhanced career opportunities, self-confidence and success in life.
Clearly, it is an investment with the potential for high returns for a long time
to come.
Obtaining the required finance for post graduation in management education
may be a source of anxiety unless it is carefully planned.This booklet describes
various options available for financing the education at IBS campuses.
Most of the students pursuing programs at IBS have financed their education
through educational loans from various public sector and private sector
banks and financial institutions. The interest rates are subject to change.
Private Banks/ Financial Institutions
IBS has entered into an MOU (Memorandum of Understanding) with HDFC
Credila Financial Services Pvt. Ltd., Avanse Financial Services, and Auxilo
Finserve Pvt. Ltd. for providing educational loans to IBS students. HDFC
Bank & Axis Bank also offers education loans to IBS Students.
Public Sector Banks
State Bank of India, Punjab National Bank, Andhra Bank, Oriental Bank of
Commerce, Bank of Baroda, Canara Bank, Corporation Bank, Syndicate
Bank, Central Bank of India, Bank of India, Bank of Maharashtra, UCO Bank,
Allahabad Bank and Indian Bank.
Bridge Loan Facility
IBS offers bridge loan to students admitted into the IBS programs till
they receive the sanction and disbursement of an educational loan from a
bank. Students are required to pay the admission fee by the specified date
from their own resources. The bridge loan facility is available for the first
installment of program fee and not for any subsequent installments due on
future dates.
Under the bridge loan facility, IBS will accept four postdated cheques (PDCs).
IBS Students may utilize the bridge loan facility until the sanction of bank
loan. The details will be provided in the Selection Letter.

16

ICFAI_Selection_Pro19_PAP.indd 16 12/18/2018 2:14:25 PM

 Steps in Financing
your Education
Step 1: Do the calculations
Start, by figuring out, how much your program will cost.
Consider the sources of funds available to you for financing your study. Determine
how much your family can contribute.
The difference between the estimated cost of your education and your family’s
expected contribution is the amount of financial aid you will need.

Step 2: Consider your options for obtaining financial aid like Student loan
from a bank.

Step 3: Apply for financial aid. Identify the source of funding and submit
application.
Example
The following table gives an indication of the estimated expenditure for a fee of `
14.04 lakhs and sources of funds available for financing post graduation education.

Estimated Expenditure Sources of Funds

Details Amount (`) Details Amount (`)
Total Fee 14,04,000 Bank loan up to 10,00,000
Other expenses for two years (Living 3,00,000 Family Contribution up to 7,04,000
expenses, books & stationary) –
Estimated
Total Estimated Expenditure 17,04,000 Total Sources of Funds 17,04,000

From this, it is evident that to supplement students’ resources to finance their study,
there are adequate sources of funds available to cover the total estimated expenditure.
The details of terms and conditions and interest rates offered by various Public and
Private Sector Banks are provided in subsequent pages. If you have any querries related
to bank loans, please feel free to contact: Financial Aid Facilitation Cell, IBS Admissions
Office, Plot # 65, Nagarjuna Hills, Punjagutta, Hyderabad 500082. Tel: +91-40-2344
0963; E-mail: finaidcell@ibsindia.org

1717

ICFAI_Selection_Pro19_PAP.indd 17 12/18/2018 2:14:26 PM

 Stu-
Educational
dent
Loans

HDFC Credila Financial

Services Pvt. Ltd

www.credila.com
Eligibility
Students admitted for 2 year Full time Post Graduate
Management Programs offered at all IBS campuses
across India.
Loan Amount
Minimum of ` 1 Lakh - Maximum of ` 15 Lakhs
(Unsecured/Secured options available)
Margin
NIL
Acceptable security/Collateral
Immovable Property, Fixed Deposit.
Rate of Interest
Starts from 10.95 % Per annum (Floating rate)
Repayment Period
Upto 120 months.
Co-Borrower
Father, Mother, Brother, Spouse.
Income Tax Benefit:
Yes, possible under section 80E of Income Tax act.
Key Benefits:
• Loan covers 100% of the cost
• Co-borrower Flexibility – Multicity Co-borrower
Accepted
• Education loan at your Door Step
• Repayment tenor up to 10 years
• Preserve your family savings for emergencies and
you may get better returns by investing.
• Empower you to take your own financial
responsibilities and also build a good credit history.

To know your eligibility, contact HDFC CREDILA ‘s

Dedicated Relationship Manager -
Mr. Ranjith T +91- 7799111285.
Toll free: 1800-209-3636 / SMS: Credila to 53636 /
email: loan@credila.com / visit: www.credila.com

18
18

ICFAI_Selection_Pro19_PAP.indd 18 12/18/2018 2:14:26 PM

 Educational
Student Loans
Avanse Financial Services
www.avanse.com
Dear Student,

Congratulations on being selected at one

Eligibility
Students admitted to ICFAI Business School for full time MBA/
PGPM Programs
Maximum Loan Amount: ` 8 – 15 Lakhs
Margin Money : NIL
Repayment Tenure :10 years max
Repayment Type: Simple Interest Servicing during Study Period
Immediate Full EMI Option
Rate of Interest: Starting from 11.25% to 13.50% unsecured
Processing Fee: 1% + tax
Insurance: Is mandatory for all unsecured loans and suggested for
secured loans.
Collateral Security: Unsecured: No Collateral Security
Secured: Fixed Deposit/House/Flat/DHFL 2nd Charge
Co-Borrower/Co- Applicants: Parents/Siblings/Spouse
Co-Borrower Locations: DHFL Branch Locations
Co-Borrower’s Occupation: Salaried/SEP/SENP
Pre-payment/Foreclosure Charges: Nil
Disbursement :
Disbursement in one single installment OR as per payment
schedule
Tuition Fee disbursed to Institute
Living Expenses disbursed to customer or Institute
Contact: Avanse Relationship Manager - Mr. Venkata Rao Pallanti
on 91- 81424 00094 or Email: VenkataRao.Pallanti@avanse.com
and Gopal Krishna Appalaneni on +91- 7660893395 OR e-mail:
gopal.appalaneni@avanse.com
** Terms and conditions apply, final sanction & disbursement at the
sole discretion of Avanse.
of India’s premiere B-Schools – ICFAI
Business School. IBS offers innovative
and globally accepted programs and great
opportunities for all-round development.
Avanse Financial Services Limited is
one of India’s fastest growing education
finance company committed to facilitating
and fulfilling academic dreams of talented
young students. With its new-age, flexible
and tailored financial solutions, Avanse
address higher education needs of Indian
youth, enabling them to ‘Aspire without
Boundaries’.
Avanse, in partnership with IBS, offers
100% education finance at your
doorsteps. We will assist you with your
advanced education plans through our
customized loans.
For more information, kindly visit our
website www.avanse.com Alternatively,
you can call us on 1800-266-0200 or
write to us on wecare@avanse.com
Wishing you the very best to achieve
your ambitions.
Warm Regards,
Rajesh Kachave
Business Head – Education Loans,
Avanse Financial Services

19

ICFAI_Selection_Pro19_PAP.indd 19 12/18/2018 2:14:27 PM

 Stu-
Educational
dent
Loans
Auxilo Finserve Private Ltd Dear Students and Parents,
The country’s growing economy
demands highly educated and
qualified youngsters. If financing your
education is your biggest obstacle,
then look no further as we at Auxilo
are here to bridge the economic gap
Eligibility
by offering affordable and hassle-free
Students admitted to IBS Business School for full time education loans at the tip of your fingers, from the
MBA/PGPM Programs comfort of your home.
Maximum Loan Amount What sets us apart is the unique pre-admission
Upto Total Cost of Education education loan sanction that takes care of the ‘proof of
funds’ dilemma for every student at the University or
Margin Money
visa level. Our 24*7 online loan process facility helps
NIL you get a head start with the process from anywhere at
One Time Processing Fee any time. Our loans cover studying in India and abroad
for students and working executives with a special
INR 5000+Taxes as Applicable
section of privilege loans for children of Indian Defence
Repayment Tenure Force.
Maximum Up to 10 Years Despite the fact that a number of scholarships and
Repayment Type educational loans are available for students, then why
1) Immediate EMI will start post disbursement should you prefer education loan services offered by
Auxilo? Get answers to all your concerns by reading
2) Simple Interest during moratorium period (Course
further.
duration + 6 months grace then the EMI will start)
Reasons for which Auxilo becomes your one-stop
3) Partial Simple Interest (Please fill this according to the destination for funding your aspirations:
product) • Provides 100% financing without any margin
Rate of Interest money requirement
Starts from 13% (Floating Rates) • Customized loans to suit your unique needs
• Sanctions in record time with 24-hour online
Moratorium
application process
Course Period + 12 Months, Principal Moratorium • Competitive interest rates
Insurance • Score based benefits to match your potential
• Flexible repayment designs
Mandatory (Included in Loan Amount)
• Multiple co-applicant facility for higher loan
Collateral Requirement: (Please fill this according eligibility
to the product) • Pre-admission loan sanctions and pre-visa
Secured | Unsecured disbursement
Unsecured Loan Up to 20 Lakhs (*T&C Applied) • Transparent processing making it the space you
trust
Security Accepted: Residential Property (if applicable)
So, what are you waiting for? Don’t just let your time
Co-Borrower/Co- Applicants flow in search of the best possible way to finance your
Parents, Siblings, Spouse, Parents in Law education. Put an end to your wait and contact us to
set the ball of a promising future rolling. Visit us at
Location: (Please fill this according to the product)
auxilo.com or contact us at 080-43694379 to begin the
Documents Required conversation about your dreams.
As per Companies Policy Give wings to your dreams with 100% funding to study
Contact Point abroad. At Auxilo we provide you an insight to grab
golden opportunities.
Mr. Kalyan Chakravarthi - 9160421122
Best Compliments,
20
20 Neeraj Saxena,
CEO

ICFAI_Selection_Pro19_PAP.indd 20 12/18/2018 2:14:27 PM

 Educational
Student Loans
HDFC Bank Ltd.
Eligibility Documents required

Students admitted for 2 year Post Graduate • Completely filled and signed education loan application
Program in Management/MBA Program, in IBS form (applicant & co applicant)
at various campuses in India. • One photograph – Self attested on the application form
Age Criteria (applicant & co applicant)

16 to 35 years • Self attested photocopy of admission offer letter with fees

schedule / details (applicant)
Rate of Interest
• KYC documents of the applicant & co applicant(s)
Starts from 9.95%(Principal Moratorium –
Interest to be serviced during Moratorium • Residence Proof (applicant & co applicant)
period.) • Income documents: Latest 3 months salary along with l
atest form 16 for salaried co applicant(s) / latest 3 years IT
Margin returns for self employed co applicant(s)
Nil – up to ` 4.00 lacs • 6 months updated bank account statement (co applicant)
5% for loans above ` 4.00 lacs. • Academic records: Self attested photo copies of Mark
Security sheets of 10th, 12th, Graduation, up to latest qualification
along with degree certificates up to latest qualifications.
No Security up to ` 7.50 lac of loan. For more
• Education loan cover – Credit Protect insurance form –
than ` 7.50 lakhs, Security must be in the form
duly signed
of Residential Property / Fixed Deposit with
HDFC Bank. Credit at the sole discretion of HDFC Bank Ltd.The above list of
documents is tentative. Additional documents may be required on a
Processing Charges case to case basis.
- NIL - write to us on eduloan@hdfcbank.com.
Co-burrower Students may visit the nearest HDFC Bank branch for their Education
loan enquiry.
Parent / Guardian / Spouse

21

ICFAI_Selection_Pro19_PAP.indd 21 12/18/2018 2:14:28 PM

 Stu-
Educational
dent
Loans

AXIS Bank
Axis Study Power Education Loan Advantages Moratorium Period
Course period plus maximum one year (optional)
• No Processing Fees
• Principle Moratorium available Repayment Tenure
Maximum 180 Months / 15 years
• No Prepayment Charges
• Repayment Tenure as Long as 15 Years Loan Disbursement
To the Institute (IBS)
• 100% Tax Benefit for interest paid under Sec (80E)
Co applicant
Eligibility
Student should be an Indian National & have secured I. Father II.Mother III. Brother or Sister IV. Spouse or
admission on merit basis through entrance test/selection Parents in Law for Married Applicants V. Grand Parents
process of the Institute. if parents are not there.
CourseName Insurance
MBA/PGPM in Ahmedabad, Bengaluru, Gurgoan, Max Life Insurance: Insurance premium would be
Hyderabad, Kolkata, Mumbai, Pune, Dehradun and Jaipur added to the education loan and funded by Axis Bank.
Rate of Interest: 11.75% to 12.25% (floating rate linked Unsecured Loan Amount
to MCLR rates) Unsecured Loan Amount as per Axis Bank norms
Loan Amount Security
Minimum Loan Amount ` 50,000 and Maximum Collateral security applicable as per Axis Bank norms
Loan Amount of ` 75 Lakhs or 95% of the total cost EMI per lakh (approximate)
whichever is lower ` 1,105 approximately per lakh per month EMI for 15
Margin: Nil years.
Processing Fee: Nil Axis Bank:
Mr. Pramod Shetty # 9538397788
Prepayment Charges: Nil
Email id: pramod.shetty@axisbank.com
Pre Closure Penality: Nil
Education Loan Application Form
Repayment Type can be downloaded from: www.axisbank.com/retail/
Interest servicing during the course loans/education-loan/downloads
Approval, Sanction and Disbursement Subject to Banks
internal policy checks, process and eligibility.

22
22

ICFAI_Selection_Pro19_PAP.indd 22 12/18/2018 2:14:28 PM

 Educational
Student Loans
State Bank of India
Student Eligibility
Should be an Indian national. Should have secured
admission into management courses in an Indian
university through entrance test/ selection process.
Loan Amount
Need based finance, subject to the repaying capacity
of the parents/students with margin and amount of
the loan as specified by the bank.
Studies in India: Maximum `10 lakhs
Rate of Interest
Up to ` 4 lakhs: 10.50%
` 4 lakhs to ` 7.5 lakhs: 10.75%
Above ` 7.5 lakhs: 10.80%
(concession 0.50%in Interest for girl students)
Margin
Up to ` 4 lakhs: Nil
Above ` 4.0 lakhs: 5% for study in India (95% funding)
Security
Up to ` 4 Lakhs: Nil
` 4 lakhs - ` 7.5 lakhs: Only Parent/Gaurdian as
Security
Above ` 7.5 lakhs - Tangible collateral security for full
value of the loan.
Repayment
Repayment Moratorium: Course period plus 12 months
or 6 months after getting a job whichever is earlier as
prescribed by the bank. The loan is to be repaid in
15 years after commencement of repayment.
Documents Required
Marksheets of last qualifying examination, copies
of letter conferring scholarship, proof of admission,
schedule of expenses, bank account statement for the
last six months, address proof, income proof, signature
identification from bankers of borrowers/ guarantors,
2 passport size photographs, statement of assets and
liabilities.
ICFAI_Selection_Pro19_PAP.indd 23
Punjab National Bank
Student Eligibility
Should be an Indian national. Should have secured
admission into management courses in an Indian
university through entrance test/ selection process.
Loan Amount
Need based finance, subject to the repaying capacity
of the parents/students with margin and the following
ceilings:
Studies in India: Maximum ` 10 lakhs
Rate of Interest
Upto ` 7.5 lakhs: 10.50%
Above ` 7.5 lakhs: 11.10%
Margin
Upto ` 4 lakhs: Nil
Above ` 4 lakhs: 5% (Studies in India)
Security
Upto ` 4 lakhs: Parent (s)/guardian as a joint
borrower/s.
` 4 lakhs to 7.5 lakhs : Third party Guarantee
acceptable to bank
Above ` 7. 5 lakhs : Tangible collateral security of
suitable value or suitable third party guarantee.
Repayment
Repayment Holiday/Moratorium: Course period +
1 year or 6 months after getting a job whichever is
earlier. The principal and interest is to be repaid in
15 years after commencement of repayment.
Documents Required
Copies of certificates with regard to educational
qualifications, admission letter, quotation from college
authority stating coverage of expenses, income proof
of parent.
* Subject to change periodically.
23
23
12/18/2018 2:14:29 PM
 Stu-
Educational
dent
Loans

Andhra Bank Oriental Bank of

Student Eligibility
Commerce
Should be an Indian national. Should have secured
admission into management courses in an Indian Student Eligibility
University through entrance test/Selection process.
Indian nationals not above 45 years of age, who have
Loan Amount secured admission in a recognized course of an approved
Need based finance subject to repaying capacity of the university.
parent/students.
Loan Amount
Studies in India : Maximum ` 10 lakhs
Education in India: Max. ` 10 lakhs
Rate of Interest
Rate of Interest
Upto ` 7.50 lakhs: 10.15%
Above ` 7.50 lakhs: 9.85% (For Girl students 0.50% Upto ` 10 lakhs: 8.90%
concession) (0.5% concession for women beneficiaries)
Margin
Margin
Upto ` 4 lakhs: Nil
Upto ` 10 lakhs: Nil
Above ` 4 lakhs: 5% (Studies in India)
Above ` 4 lakhs : 5% (Education in India)
Security
Security
Upto ` 4 lakhs: Nil
Upto ` 4 lakhs: Co-obligation of parents/ guardian is
` 4 lakhs to 7.5 lakhs : Co-obligation of parent/
guardian/Third party Guarantee acceptable to bank. must. No collateral security required.

Above ` 7.5 lakhs: Tangible security of suitable value
besides co-obligation of parent. Parent co-obligation
and assignment of future income.
Repayment
Repayment Moratorium: Course period + 1 year, or
six months after getting a job, whichever is earlier. The
loan is to be repaid in 5-7 years after commencement
of repayment.
Documents Required
` 4 lakhs - ` 7. 5 lakhs: Co-obligation of parents/guardians
is must. One satisfactory third party guarantee.
Above ` 7.5 lakhs: Co-obligation of parents/ guardian
is obligatory. Mortgage of immovable property or any
other tangible security like pledge of NSC/LIC/Bonds
etc., having value (surrender value) at least equal to
100% of loan. Extension of charge on property already
mortgaged subject to adequate residual value of security.

Mark sheet of last qualifying examination, copies of Repayment

letter conferring scholarship, proof of admission,
schedule of expenses, bank account statement for the
last six months, address proof, income proof, etc.
 
EMIs Upto 15 years commencing 12 months after
course or 6 months after getting the job, whichever is
earlier.
Documents Required
Copies of certificates with regard to educational
qualifications, admission letter, quotation from college
authority stating coverage of expenses, income proof
of parent, assets and liabilities statement of parent/
guarantor, if any.

24
24

ICFAI_Selection_Pro19_PAP.indd 24 12/18/2018 2:14:29 PM

 Educational
Student Loans
Bank of Baroda Canara Bank
Student Eligibility
Student Eligibility
Should be a resident of India. Secured admission
Should be an Indian national. Should have secured
through Entrance Test/ Merit based selection process.
admission in management courses in an Indian
Loan Amount university through entrance test/ selection process.
Need based subject to repayment capacity of parent/ Loan Amount
student, based or the expected income to be generated
after completion of the course. Studies in India : Maximum ` 10 lakhs
Studies in India : Maximum ` 10 lakhs Rate of Interest
Rate of Interest Upto ` 7.5 lakhs: 10.70%
Upto ` 7.5 lakhs: 10.65% Above ` 7.5 lakhs: 10.50 %.
Above ` 7.5 lakhs: 10.65% (Concession 0.50% in Interest for girl Students)
1% concession for girl students. Simple interest at
Margin
monthly rests during the repayment holiday period.
1% concession is provided if interest debited during Above ` 4 lakhs: 5.00%.
repayment holiday is serviced. Penal Interest @2% p.a. Security
on overdue amount, if the loan exceeds ` 4.00 lakhs.
Upto ` 4 lakhs: No security loan in the joint names
Margin
of student & parent assignment of future income of
Upto ` 4 lakhs - Nil the student.
Above ` 4 lakhs: 5%. Margin is to be contributed Above ` 4 lakhs - ` 7. 5 lakhs: For meritorious students.
on pro rata basis on year to year basis as and when Satisfactory third party Guarantee Assignment of
disbursement are availed. future income of the student.
Security Above ` 7.5 lakhs - ` 10 lakhs: Collateral Security to
Upto ` 4 lakhs - Nil the extent of 100%.
` 4 lakhs - ` 7.5 lakhs - Collateral in the form of a Repayment
suitable third party/ guarantee along with assignment
Repayment starts one year after completion of course
of future income. or six months after getting employment whichever is
Above ` 7.5 lakhs - Tangible Security equal to 100% earlier. Simple interest calculated during the repayment
loan amount along with assignment of future income. holiday will be added to principal and EMI is calculated.
Repayment Upto ` 7.5 lakhs - 10 years
Repayment holiday - course period + 1 year or 6 months Above ` 7.5 lakhs - 15 years
after getting job, whichever is earlier
Documents Required
Upto ` 7.5 Lakhs- Repayble in 120 maximum
Copies of certificates with regard to educational
Installments
qualifications, admission letter, quotation from college
Above ` 7.5 Lakhs- Repayble in 180 maximum authority stating coverage of expenses, income proof
Installments of parent.
Co-obligation
The loan document should be executed by both the
student (in case student is major) and the parent
guardian as joint borrower.
Documents Required
Copies of certificates with regard to educational
qualifications, admission letter, quotation from college
authority stating coverage of expenses, income proof
of parent, assets and liabilities statement of parent/
guarantor, if any.

25

ICFAI_Selection_Pro19_PAP.indd 25 12/18/2018 2:14:30 PM

 Stu-
Educational
dent
Loans
Corporation Bank
Student Eligibility
Applicant should be an Indian national and should
have secured admission in professional/technical
courses through entrance test/merit - based
selection process in India.
Loan Amount
Need based finance, subject to the repaying capacity
of the parents/students with following ceilings:
Studies in India: Maximum ` 10 lakhs
Rate of Interest
Upto 7.5 lakhs: 10.65%
Above ` 7.5 lakhs: 11.00%
Margin
Upto ` 4 lakhs: Nil
Above ` 4 lakhs: Studies in India: 5%
Security
Upto ` 4 lakhs: Nil
` 4 lakhs- ` 7. 5 lakhs: Collateral in the form of
satisfactory third party guarantee.
Above ` 7. 5 lakhs: Tangible Collateral security of
suitable value or third party guarantee along with
the assignment of future income of the student for
payment of installments.
Repayment
Repayment Moratorium: Course period plus + one
year or 6 months after getting a job, whichever
is earlier. The loan is to be repaid in 15 years
after commencement of repayment. 1% interest
concession to be extended if the interest is serviced
promptly as and when debited during study period.
Documents Required
Copies of certificates with regard to educational
qualifications, admission letter, quotation from college
authority stating coverage of expenses, income proof
of parent, assets and liabilities statement of parent/
guarantor, if any.
26
26
ICFAI_Selection_Pro19_PAP.indd 26
Syndicate Bank
Student Eligibility
Should be an Indian national. Should have secured
admission in management courses of IBS.
Loan Amount
Need based finance, subject to the repaying capacity
of the parents/students with margin and amount of
the loan as specified by the bank.
Studies in India : Maximum ` 10 lakhs
Rate of Interest
Upto ` 4 lakhs: 10.40%
` 4 to 7.5 lakhs 10.65%
Above 7.5 lakhs 11.65%
(For Girl students 0.5% concession)
Margin
Upto ` 4 lakhs: Nil
Above ` 4 lakhs: 5%
Security
Upto ` 4 lakhs: Nil
` 4 lakhs - ` 7. 5 lakhs: Third Party Guarantee
acceptable to Bank having adequate net worth.
Above ` 7.5 lakhs: Tangible collateral security of
suitable value acceptable to bank along with the
assignment of future income of the student for
payment of Installments.
Repayment
Repayment Moratorium: Course period +1 year, or
six months after getting a job whichever is earlier as
prescribed by the bank. The loan is to be repaid in 15
years after commencement of repayment.
Documents Required
Marksheet of last qualifying examination, copies of
letter conferring scholarship, proof of admission,
schedule of expenses, bank account statement for the
last six months, address proof, income proof, etc.
12/18/2018 2:14:30 PM
 Educational
Student Loans
Central Bank of India
Student Eligibility
` 4 lakhs to 7. 5 lakhs: Co-obligation of the parents with
Should be an Indian national. Should have secured collateral security in the form of suitable third party
admission into management courses in an Indian
university through entrance test/ selection process. guarantee along with the assignment of future income of
the students for payment of intstallments.
Loan Amount
Need based finance, subject to the repaying capacity Above ` 7.5 lakhs: Co-obligation of the parents/guardians
of the parents/students with margin and amount of with tangible collateral security in the form of suitable
the loan as specified by the bank. value.
Studies in India: Maximum ` 10 lakhs Repayment
Rate of Interest
Repayment Moratorium: Course period plus 12 months
For Male Students: 10.60% or 6 months after getting a job whichever is earlier as
For Female Students: 10.10% prescribed by the bank. The loan is to be repaid in 15
Margin years after commencement of repayment.
Upto ` 4 lakhs : Nil Documents Required
Above ` 4 lakhs : 5% for study in India Marksheet of last qualifying examination, copies of letter
Security conferring scholarship, proof of admission, schedule
of expenses, bank account statement for the last six
Upto ` 4 lakhs : Nil
months, address proof, income proof, etc.

27

ICFAI_Selection_Pro19_PAP.indd 27 12/18/2018 2:14:31 PM

 Stu-
Educational
dent
Loans

Bank of India Bank of Maharashtra

Student Eligibility Student Eligibility
Student should be Indian national having secured The applicant should be an Indian national. He should have
admission at College/Universities/ Institutes in India secured admission into professional / technical courses
for pursuing Professional/Technical Courses through through entrance test/ Merit based selection process in
an Entrance Test/ Merit based selection Process, having India. He should have secured admission in University/
good academic record. Institutions.
Courses Eligible Loan Amount
Graduation, Post Graduation, Professional Courses, Need based finance subject to repaying capacity of parents
MBA, ICWA, CA, CSA, IIT, MBBS, B.Tech, Merchant
/ students with following ceilings:
Navy etc.
Studies in India: Maximum ` 10 lakhs
Loan Amount
Rate of Interest
Max. ` 10 lakhs for studies in India.
Upto ` 7.5 lakhs:10.75%
Rate of Interest
Above ` 7.5 lakhs:10.25%
Upto ` 7.5 lakhs: 10.30%.
Margin
Above ` 7.5 lakhs: 11.10% p.a.
Upto ` 4 lakhs: Nil
(For girl students: Int.concession of 0.5% pa for limits
Above ` 4 lakhs: Studies in India - 5% Studies Abroad -15%
upto ` 50000 and 1% for limits over ` 50000)
Security
Margin
Upto ` 4 lakhs: Nil
Upto ` 4 lakhs: Nil
` 4 lakhs - ` 7.5 lakhs: Collateral in the form of a satisfactory
Above ` 4 lakhs: Studies In India - 5%; Studies in third party guarantee.
Abroad - 15%
Above ` 7.5 lakhs: value of collateral security equal to
Security amount of loan. Additional 2 guarantors acceptable to Bank
Upto ` 4 lakhs: Nil. Repayment
` 4 lakhs - ` 7.5 lakhs: Collateral Security in the form Course period + 1 year or 6 months after getting the job,
of suitable third party guarantee. whichever is earlier. After commencement of repayment :
Above ` 7.5 lakhs: Co-obligation of Parents together Loan amount upto ` 7.5 lakhs : 10 years
with tangible collateral security of suitable value along
Loan amount above ` 7.5 lakhs: 15 years
with the assignment of future income of the student for
payment of installments. Documents Required
Repayment Copies of certificates with regard to educational
Course Period + 1 year or 6 months after getting qualifications, admission letter, quotation from college
Job whichever is earlier. After Commencement of authority stating coverage of expenses, income proof of
repayment: parent, assets and liabilities statement of parent/guarantor,
if any.
Loan amount up to ` .7.5 lakh: 10 years
Loan amount over ` 7.5 lakh: 15 years
Documents Required
Copies of certificates with regard to educational
qualifications, admission letter, quotation from college
authority stating coverage of expenses, Birth Certificate
of student, Identity proof, Address Proof, income proof
of parent, assets and liabilities statement of parent/
guarantor, if any.
28
28

ICFAI_Selection_Pro19_PAP.indd 28 12/18/2018 2:14:32 PM

 Educational
Student Loans
UCO Bank Allahabad Bank
Student Eligibility Student Eligibility
Student should be Indian national having secured Applicant should be an Indian national and should have
admission to professional /technical course through
secured admission in professional/ technical courses
Entrance Test / Selection Process. Secured admission
through entrance test/merit - based selection process
in Indian University / Institution. No maximum or
minimum income is prescribed for parents / family. in India.
Loan Amount Quantum of Finance
Need based finance subject to repaying capacity of Studies in India: Maximum ` 20 lakhs
parents / students with following ceilings:
Rate of Interest
Studies in India: Maximum ` 10 lakhs
Upto ` 7.5 lakhs: 10.55%
Rate of Interest
Above ` 7.5 lakhs: 10.55%
Upto ` 7.5 lakhs: 10.65%
Above ` 7.5 lakhs: 11.05% Margin
Margin Up to ` 4 lakhs: Nil
Upto ` 4 lakhs: Nil Above ` 4 lakhs: Studies in India: 5% Studies
Above ` 4 lakhs: Studies in India - 5% Abroad: 15%
Studies Abroad - 15%
Security
Security
Up to ` 4 lakhs: Nil
Upto ` 7.5 lakhs - No security
` 4 lakhs - ` 7.5 lakhs: Third Party Guarantee &
Above ` 7.5 lakhs-Co-obligation of Parents.
Tangible security equivalant to full value of loan. Co-obligation required
Repayment Above ` 7.5 lakhs: Tangible Collateral Security 100%
The loan will be repaid in 5 - 7 years after Repayment
commencement of repayment. There will be The loan is to be repaid in 10 - 15 years after
moratorium for repayment during “the course period
commencement of repayment.
+ 1 year or 6 months after getting job, whichever is
earlier”. 1% interest concession may be provided, if Moratorium
the interest is serviced during moratorium period. Course Period + one year or 6 months after getting
Documents Required a job whichever is earlier as prescribed by the bank.
Copies of certificates with regard to educational Documents Required
qualifications, admission letter, quotation from college
authority stating coverage of expenses, income proof Admission letter, fee structure, Permanent residential
of parent, assets and liabilities statement of parent/ proof, PAN, Co-obligants employment particulars, IT
guarantor, if any. returns if available, Agriculture income and Assets &
Liabilities, statements of Co-obligant/guardian.

29

ICFAI_Selection_Pro19_PAP.indd 29 12/18/2018 2:14:33 PM

 Stu-
Educational
dent
Loans

Indian Bank
Security
Student Eligibility
Applicant should be an Indian national and should have Upto ` 4 lakhs: Nil
secured admission in professional/technical courses ` 4 lakhs- ` 7. 5 lakhs: Collateral in the form of
through entrance test/merit - based selection process satisfactory third party guarantee.
in India.
Above ` 7.5 lakhs: Tangible Collateral security of
Loan Amount
suitable value or third party guarantee along with
Need based finance, subject to the repaying capacity of the assignment of future income of the student for
the parents/students with following ceilings: payment of installments.
Studies in India: Max ` 10 lakhs Repayment
Rate of Interest Repayment Moratorium: Course period plus + one
year or 6 months after getting a job, whichever
Upto ` 10 Lakhs: 11.60% (concession of 0.50% for Girl is earlier. The loan is to be repaid in 10-15 years
Students) after commencement of repayment. 1% interest
Margin concession to be extended if the interest is serviced
promptly as and when debited during study period.
Upto ` 4 lakhs: Nil
Documents Required
Above ` 4 lakhs: Studies in India: 5% Copies of certificates with regard to educational
qualifications, admission letter, quotation from college
authority stating coverage of expenses, income proof
of parent, assets and liabilities statement of parent/
guarantor, if any.

30
30

ICFAI_Selection_Pro19_PAP.indd 30 12/18/2018 2:14:34 PM

 Educational
Student Loans

Selection
Process @
IBS

2
2 31
31

ICFAI_Selection_CV_PAP.indd
ICFAI_Selection_Pro19_PAP.indd2 2 12/18/2018 2:08:28 PM ICFAI_Selection_Pro19_PAP.indd 31 12/18/2018 2:29:27
2:08:30 PM