FOR STUDIES IN INDIA. LIST OF THE INSTITUTIONS With Limit, Interest Rate & Security stipulations

Transcription

1 FOR STUDIES IN INDIA LIST OF THE INSTITUTIONS With Limit, Interest Rate & Security stipulations MAXIMUM LOAN LIMIT IS Rs LAC ANNEXURE-I Sl. Name of the Institute No. All the Indian Institute of 1 Management (IIMs) All the Indian Institute of 2 Technology (IITs) All India Institute of Medical 3 Science (AIIMS), Armed Forces Medical College 4 (AFMC), Pune Bangalore Medical College, 5 Bangalore 6 BITS, Pilani Christian Medical College (CMC), 7 Vellore Indian School of Business (ISB) 8 Hyderabad Indian School of Business (ISB)- 9 Mohali Campus Xavier Labour Relation Institute 10 (XLRI) Jamshedpur 11 Grant Medical College, Mumbai Indian Institute of Foreign Trade, Indian Institute of Foreign Trade, Kolkata Jawaharlal Institute of PG Medical Education and Research, Pondicherry Jamnalal Bajaj Institute of Management Studies, Mumbai Kasturba Medical College, Manipal King Edward Medical College, Lady Hardinge Medical College, Proposed security stipulation 1) Assignment of Future income 2) Co-obligation of parents / guardians If the loan amount is above Rs.10 Lac In addition to above security stipulations, 3) Full tangible collateral security Proposed rate of Interest MCLR with no other concession Page 1 of 5

2 19 20 PG Institute of Medical Education & Research (PGIMER), Chandigarh Dayanand Medical College, Ludhiana ANNEXURE-II MAXIMUM LOAN LIMIT IS Rs LAC Sl. No. Name of the Institute All the National Institute of 1 Technology (NITs) Alagappa Chettiar College of 2 Technology College of Engineering, 3 Guindy College of Structural & 4 Architectural Planning College of Engineering, 5 Faculty of Management 6 Studies (FMS) Indian Institute of Forest 7 Management, Bhopal 8 IIT -SJSOM, Mumbai 9 IMT Ghaziabad 10 Indian Institute of Science (IIS), Bangalore 11 Indian School of Mines (ISM), Dhanbad 12 Institute of Rural Management (IRMA), Anand 13 Madras Institute of Technology 14 Madras Medical College, Chennai 15 Marine Engineering & Research Institute, Kolkata 16 MDI Gurgaon 17 MICA, Ahmedabad Proposed security stipulation 1) Assignment of Future income 2) Co-obligation of parents / guardians If the loan amount is above Rs.10 Lac In addition to above security stipulations, 3) Full Tangible Collateral Security Proposed rate of Interest MCLR +1.50% 0.50% rebate for girl students Maximum 1.00% interest concession will be allowed during the study & moratorium period if interest is paid within the said period, subject to the condition that effective rate should not be below MCLR. Page 2 of 5

3 18 National Institute of Design, Ahmedabad 19 NIRMA, Ahmedabad 20 NITIE Mumbai 21 NMIMS 22 SIBM Pune 23 SPJIMR 24 Tata Institute of Social Sciences (TISS), Mumbai Xavier Institute of 25 Management (XIM) Bhubaneswar 26 Amrita School of Medicine, Kerala 27 BITS, Goa Campus 28 BITS, Hyderabad Campus 29 BITS, Mesra Ranchi Center for Environmental 30 Planning & Technology, Ahmedabad 31 College of Engineering, Pune Dhirubhai Ambani Institute of 32 Information & Communication Technology, Gandhinagar 33 Faculty of Engineering & Technology, Kolkata 34 LN Mittal Institute of Technology, Jaipur 35 Loyola Institute of Business Administration, Chennai 36 National Law School of India University, Bangalore 37 National University of Juridical Sciences, Kolkata 38 Netaji Subash Institute of Technology, 39 SCMHRD, Pune 40 St. John's Medical College, Ludhiana 41 University College of Engineering, Burla University Institute of 42 Chemical Technology, Mumbai 43 Veermata Jeejabai Technical Institute, Mumbai Page 3 of 5

4 ANNEXURE-III FOR OTHER COLLEGES/ UNIVERSITIES RECOGNIZED BY UGC/ GOVT./ AICTE/ AIBMS/ ICMR ETC. AND NOT MENTIONED IN THE ABOVE TWO ANNEXURES MAXIMUM LOAN LIMIT IS Rs LAC Loan Amount Proposed security stipulation Proposed rate of Interest MAXIMUM Rs LAC 1) Assignment of Future income 2) Co-obligation of parents / guardians If the loan amount is above Rs.4 Lac up to Rs.7.50 Lac In addition to above security stipulations, 3) Collateral security in the form of third party guarantee (third party guarantee is not required for the students whose father/ mother is an employee of our Bank) If the loan amount is above Rs.7.50 Lac In addition to above security stipulations under point 1) and point 2), 4) Full tangible collateral security For loan amount up to Rs.4.00 Lac -- For loan amount above Rs.4.00 Lac up to Rs.7.50 Lac -- For loan amount above Rs.7.50 Lac % rebate for girl students Maximum 1.00% interest concession will be allowed during the study & moratorium period if interest is paid within the said period, subject to the condition that effective rate should not be below MCLR. FOR MERITORIUS STUDENTS ADMITTED UNDER MANAGEMENT QUOTA Maximum loan amount, Interest Rate and Security stipulations will be Institution specific as per above ANNEXURES I, II & III. Page 4 of 5

5 ANNEXURE-IV FOR STUDIES ABROAD Maximum loan amount for studies Abroad is Rs.50 Lac Loan Amount Up to Rs.4.00 Lac Above Rs.4.00 Lac up to Rs.7.50 Lac Above Rs.7.50 Lac Proposed security stipulation 3) No Collateral Security 3) Collateral Security in the form of third party guarantee 3) Full Tangible Collateral Security Proposed rate of Interest MCLR +1.50% 0.50% rebate for girl students Maximum 1.00% interest concession will be allowed during the study & moratorium period if interest is paid within the said period, subject to the condition that effective rate should not be below MCLR. Page 5 of 5