Banks | Loan | Interest Rates | Terms and Conditions | Repayment | Rate Type |
State Bank of India |
Upto INR 7.5 Lakhs |
08. 15%
| Should be Indian Nationals
Secured admission to Professional/
Technical Courses in the selected Premier Institutions through the Entrance Test/ Selection Process. | To be paid in EMIs over a maximum repayment of 15 years in 18 EMIs.
EMI starts 12 months after the completion of the course or 6 months after getting the employment, whichever is earlier.
|
Floating |
Above INR 7.5 Lakhs |
08.15%
|
Punjab National Bank | PNB Saraswati
|
11% to 12.75%
P. A.
| Resident of India
Admission to the regular full-time Degree and Diploma courses of the Premier Institutions that are listed
Programs at prestigious institutions like IIMs IITs IISc, XLRI | Maximum up to 15 years
Repayment starts, one year after the completion of the course | Floating |
Upto INR 7.5 Lakhs |
Above INR 7.5 Lakhs |
PNB Udaan | 9.25% to 12.75% P.A. | Resident of India
Secured admission to a higher education course in recognized institutions abroad through an Entrance Test or Merit-Based Selection process after completing HSC (10 plus 2 or Equivalent).
| Maximum up to 15 years
Repayment starts, one year after the completion of the course |
Upto INR 7.5 Lakhs |
Above INR 7.5 Lakhs |
PNB Pratibha | 8.20% to 11.90 % P.A. | Admission to regular full-time Degree or Diploma courses or PG Degree or Diploma Courses of Premier Institutes that are listed. Eligible for part-time Post Graduate Programs in Management for Executives at IIMs, part-time Certificate Courses at ISB Hyderabad & Mohali campus, Post Graduate Program at IIM, Three-year part-time weekend Post Graduate Diploma Program at XLRI, and Post Graduate Diploma in Management (B & FS) at NIBM Pune.
| Maximum up to 15 years
Repayment starts, one year after the completion of the course |
Upto INR 7.5 Lakhs |
Above INR 7.5 Lakhs |
Bank of Baroda | Baroda Gyan
(Maximum 125 Lakhs) | Floating
Upto 7.5 Lakhs 11.15%
Above 7.5 lakhs 11.05 % | Graduation courses: BA, B.Com, B.Sc.,/Post-Graduation courses: Masters & PhD./ Professional courses like engineering, medical, agriculture, veterinary, law, dental, management, architecture, computer, etc. The student is of Indian National.
| The loan is repayable in a maximum of 10-15 years after the moratorium period and with a maximum of 120 installments.
In case of a loan of more than 7.5 Lakhs, the maximum number of installments is 180. | Fixed and Floating |
|
Fixed
Upto 7.5 Lakhs (Fixed)- 11.40%
Above 7.5 lakhs (Fixed)- 13.05%
|
Baroda Scholar | Floating - range from 9.70%- 1170 % depending on the institutions
Fixed- Ranging from 11.40- 13. 70% | Graduation courses: BA, B.Com, B.Sc.,/Post-Graduation courses: Masters & PhD./ Professional courses like engineering, medical, agriculture, veterinary, law, dental, management, architecture, computer, etc. Certificate courses in the premier institute. The student is of Indian National. Applicants of study abborad.
| The loan is repayable in a maximum of 10-15 years after the moratorium period and with a maximum of 120 installments.
In case of a loan of more than 7.5 Lakhs, the maximum number of installments is 180.
The moratorium period - Course period + 1 year.
|
Axis Bank | 4- 7.5 Lakhs | 14.7% P.A | Citizen of India
Have admission to an MBA/PGDBM College
Co-applicant should be able to produce income-proof Cibil Score should be healthy above 700 | 7-8 years
(One has the option to start the loan repayment after a moratorium period of 6 months to 1 year) | Floating Loan |
Above INR 7.5 Lakhs | 13.7% P.A |
Union Bank | IIM Ahmedabad (Upto INR 35 Lakh) | 8.10 % P.A+ 0.10% | A bachelor’s degree in any of the disciplines. Minimum completed age of 25 years A valid GMAT / GRE score. Minimum 4 years of full-time work experience after completion of graduation.
| The maximum repayment period is 15 years (after completion of the course) or up to 60 years of age of the borrower, whichever is earlier.
( Repayment stars from the next month after the completion of the course) | Floating |
IIM Kozhikode (Upto 14 Lakh) | 8.10% + P.A + 0.75% | Working Executives | The maximum repayment period is 15 years (after completion of the course) or up to 60 years of age of the borrower, whichever is earlier.
( Repayment stars from the next month after the completion of the course) |
IIM Jammu
(up to 9.5 Lakhs) | 8.10% + P.A + 0.75% | Working Executives | The maximum repayment period is 15 years (after completion of the course) or up to 60 years of age of the borrower, whichever is earlier.
( Repayment stars from the next month after the completion of the course) |
IIM Indore
( Upto 17. 60 Lakhs) | 8.10 % P.A+ 0.10% | Bachelor’s Degree or its equivalent
The percentage of marks obtained at the bachelor's degree should be a minimum of 50 or equivalent CGPA
Completed at least 5 years of full-time managerial/ professional experience | The maximum repayment period is 15 years (after completion of the course) or up to 60 years of age of the borrower, whichever is earlier.
( Repayment stars from the next month after the completion of the course) |
IIM Lucknow ( Upto 26 Lakh) | 8.10 % P.A+ 0.10% | Bachelor’s Degree or its equivalent
The percentage of marks obtained at the bachelor's degree should be a minimum of 50 or equivalent CGPA
Completed at least 5 years of full-time managerial/ professional experience | The maximum repayment period is 15 years (after completion of the course) or up to 60 years of age of the borrower, whichever is earlier.
( Repayment stars from the next month after the completion of the course) |
