Oriental Bank of Commerce Education Loan - List of Eligible Educational Institutions for Interest Subsidy

List of institutions eligible for Interest Subsidy scheme of Govt. of India

Apart from the recognized Educational Institutions established by Act of Parliament, other recognized by Statutory Bodies, Indian Institutes of Management (IIMs) and other institutions set up by Central Government, following institutions are also eligible for Interest Subsidy scheme of Govt. of India.
ADDRESS OF IHMs/SIHMs
CENTRAL IHMs
1. Smt. Vasundhara, Principal-in-Charge
Institute of Hotel Management,CT&A N
S.J Polytechnic Campus
Bangalore-560001
Karnataka.

2. Shri Dinesh Nasa, Principal
Institute of Hotel Management,CT&A N
1100 Quarters
Bhopal- 462016
Madhya Pradesh.

3. Ms. Arya Panigrahi Principal in Charge
Institute of Hotel Management, Catering Technology & Applied Nutrition
Veer Surendra, Sai Nagar
Bhubaneshwar-751007
Orissa.

4. Shri Navin Nanchahal, Principal
Dr. Ambedkar Institute of Hotel Management, Catering Technology & Applied Nutrition
Sector 42-D
Chandigarh.

5. Shri Rajmohan, Principal
Institute of Hotel Management, Catering Technology & Applied Nutrition
CIT Campus, Tharamani,
Chennai-600113

6. Shri Vinod Shukla, Principal in Charge
Institute of Hotel Management, Catering Technology & Applied Nutrition
Bhaijipura Patia
Head P O Adalaj, Kudasan
Gandhinagar-382421
Gujrat.

7. Shri Roque D'Cruz, Principal
Institute of Hotel Management, Catering Technology & Applied Nutrition
P.O.Alto Porvorim
Bardez, Goa-403521

8. Shri Navdeep Sharma, Principal In Chareg
Institute of Hotel Management, Catering Technology & Applied Nutrition
Village: Bariar, G.T.Road
Gurdaspur-143521
Punjab.

9. Shri S.P.Bhattacharya, Principal
Institute of Hotel Management, Catering Technology & Applied Nutrition
VIP Road, Upper Hengrabari,
Barbari, Guwahati-781036
Assam

10. Shri J K Mangaraj, Principal In Charge
Institute of Hotel Management, Catering Technology & Applied Nutrition
Airport Road, Maharajpura
Gwalior-474020
Madhya Pradesh

11. Shri S. Chaterjee, Principal In Charge
Institute of Hotel Management, Catering Technology & Applied Nutrition
Near Ramashish Chowk
P O Industrial Estate
Hajipur-844001
Bihar

12. Shri Sudha Kumar, Principal In Charge
Institute of Hotel Management, Catering Technology & Applied Nutrition
F-Row, Durgabai Deshmukh Colony
Vidyanagar
Hyderabad-500007

13. Shri K.S.Narayan, Principal
Institute of Hotel Management, Catering Technology & Applied Nutrition
Bani Park, Sikar Road,
Jaipur-302016
Rajasthan

14. Shri Ranjit Chaudhary, Principal
Institute of Hotel Management, Catering Technology & Applied Nutrition
P-16, Taratala Road,
Kolkata-700088
West Bangal

15. Shri A K Singh, Principal
Institute of Hotel Management, Catering Technology & Applied Nutrition
Sector' G', Aliganj
Lucknow-226024
Uttar Pradesh.

16. Shri R K Saxena, Principal
Institute of Hotel Management, Catering Technology & Applied Nutrition
Veer Sawarkar Marg, Dadar
Mumbai-400028
Maharashtra

17. Shri Alok Shivapuri, Principal
Institute of Hotel Management, Catering Technology & Applied Nutrition
Library Avenue, Pusa
New Delhi=110012
18. Shri Vijay Kumar, Principal
Institute of Hotel Management, Catering Technology & Applied Nutrition
Lumpyngad, Bishop Cotton Road,
Shillong-783001
Meghalaya

19. Shri D. Mukherjee, Principal
Institute of Hotel Management, Catering Technology & Applied Nutrition
Kufri, Shimla-171012
Himachal Pradesh
20. Shri N.Srivastava, Principal
Institute of Hotel Management, Catering Technology & Applied Nutrition
Rajbagh
Srinagar-190008
21. Shri L.V.Kumar, Principal
Institute of Hotel Management, Catering Technology & Applied Nutrition
G.V.Raja Road, Kovalam
Thiruvananthapuram-695527
Kerala

STATE IHMs
22. Shri H.S.Dewan, Principal
Institute of Hotel Management, Catering Technology & Applied Nutrition
Badkal Chowk,
Faridabad-121001
Haryana

23. Shri T.K.Razdan, Principal
Institute of Hotel Management, Catering Technology & Applied Nutrition
Sector 42-D
Chandigarh-160036

24. Shri Ravi Prakash, Principal
Institute of Hotel Management
Garhi Cantt. Near ONGC Helipad
Dehradun-248001
Uttaranchal

25. Shri R.G.Mehrotra, Principal
Delhi institute of Hotel Management, CT & AN
Behind Lady Shri Ram College
Lajpat Nagar-IV,
New Delhi-110024

26. Shri J.T.Gyaltshen, Principal
Institute of Hotel Management, CT & AN
Dara Gaon, Tadong
Gangtok-737102
Sikkim

27. Shri Sudarshan Sethi, Principal In Charge
State Institute of Hotel Management, CT & AN
Govt. Polythenic, Residency Road
Jodhpur-342001
Rajasthan

28. Shri Rajiv Mehrotra, Principal
Institute of Hotel Management, CT & AN
Jyotisar, Near Kalpana Chawla Planetarium
Kurushetra, Haryana

29. Shri Sumit Saha, Principal
Institute of Hotel Management, CT & AN
West Hills, Kozikhode,
Kerala

30. Shri R.K.Gaur, Principal
Institute of Hotel Management, CT & AN
UT of Dadra & Nagar Haveli,
Silvassa-396230

31. Shri Rohit Anand, Principal
Institute of Hotel Management, CT & AN
Kufri,
Shimla-171012

32. Shri V.Baskaran, Principal
Institute of Hotel Management, CT & AN
Thuvakkudi,
Trichirappalli-15

33. Shri Kamal Piyush
Institute of Hotel Management, CT & AN
Industrial Growth Center, Mansa Road,
Bathinda,
Punjab-151001

ADDRESS OF Food Craft Institutes( FCIs)

1. Smt. Sangeeta Sehgal, Principal
Food Craft Institute
Opp. Community Centre,
Govardhan Vilas, Sector-14,
Udaipur-313004,
Rajasthan

2. Shri S.K.Kaushal Principal
Food Craft Institute, Anasagar Circular Road,
Post RCE, Ajmer-305001,
Rajasthan

3. Shri C.K. Mohapatra, Principal,
Food Craft Institute, District Tourism Centre,
Titilagarh Road,
Balangir-767001
Orrissa

4. Shri Gopal Lama Principal,
Food Craft Institute, Lewis Jubilee Sanatorium,
Darjeeling-160036
West Bangal

5. Prof. S.Iqbal Ali, Principal
Food Craft Institute, Aligarh Muslim University Campus,
Aligarh-202002, Uttar Pradesh

6. Shri Navdeep Sharma, Principal
Food Craft Institute
Ram Colony Camp, Chandigarh Road
Hoshiarpur-146001

7. The Principal
Food Craft Institute
Samaguri, Nawgaon


Indian Institute of Tourism and Travel Management ( IITTM)

1. Indian Institute of Tourism and Travel Management (IITTM)
Parthasarathli Nagar, N.C. Factory(BO), Muthukur Road
Nellore. A.P.524004

2. Indian Institute of Tourism and Travel Management (IITTM)
Govindpuri,
Gwalior-474001(M.P)

3. Indian Institute of Tourism and Travel Management (IITTM)
3^RD AND 4^TH Floors, New Block,
IHM Campus, Pusa Road
New Delhi.
4. Indian Institute of Tourism and Travel Management (IITTM)
Dumduma,
Bhubaneshwar-751009(Orissa)
5. Indian Institute of Tourism and Travel Management (IITTM)
Goa.

Oriental Bank of Commerce Education loan - List of Approved Educational Institutions

List of Approved Educational Institutions

S.No Name of the Institutions Date of Approval Courses Approved Validity terms Concessions for Education Loans 1 Dhirubhai Ambani Insitute of Information & Communication, Gandhi Nagar, Ahmedabad 27.09.02 Diploma in Information & Communication Technology Valid forever till any amendment or communication from Head Office. Approved on normal terms and conditions 2 Symbiosis Centre for Management & Human Resource Development, Pune 19.03.02 Valid forever till any amendment or communication from Head Office. Approved on normal terms and conditions 3 Ansal Institute of Technology, Sector 55, Gurgaon 11.05.06 Valid forever till any amendment or communication from Head Office. Approved on normal terms and conditions 4 Indian Institute of Planning & Management, Qutab Institutional area, New Delhi - 110 016. All Centres 05.11.02 Valid forever till any amendment or communication from Head Office. Approved on normal terms and conditions. 5 Modi Apollo International Institute, 24A, Lajpat Nagar - IV, New Delhi - 110 024 15.10.03 Valid forever till any amendment or communication from Head Office. Approved on normal terms and conditions 6 WLC College, India Ltd. 03.12.01 Valid forever till any amendment or communication from Head Office. Approved on normal terms and conditions 7 AMITY Group of Institutes -Institutions promoted by Ritanand Balved Education Foundations (RBEF) (Amity Universe), NOIDA,UP 24.11.03 Valid forever till any amendment or communication from Head Office. 0.25% Concession in over the normal ROI. 8 ICFAI Business School (IBS). All the Institutes of the Group. 15.10.03 Valid forever till any amendment or communication from Head Office. Approved on normal terms and conditions. 9 Pandit Deendyal Petroleum University (PDPU) (GERMI) run by IPM, Gandhinagar & IPT, Gandhinagar. 19.09.06 Valid forever till any amendment or communication from Head Office. 0.25% Concession in over the normal ROI 10 S.P. Jain Centre of Management, Dubai/ Singapore. 18.02.06 (i) Global MBA / BBA Programme (ii) Product Marketing & Management (iii)Banking Management Valid forever till any amendment or communication from Head Office. Max. Loan- Rs.20 lac Male- BR+ 2.75% Female- BR+2.50% 11 S.P. Jain Institute of Management (Mumbai) 29.03.07 (i) Executive MBA course for general students (ii) MBA course for Working Executives (regular) (iii) Post Graduate IT course called MIT (Masters in Information Technology) Up to Rs. 4 lacs- BR+3.25% Above Rs.4 lacs- BR+2% for male & BR+1.75% for female. 12 S.P. Jain Institute of Management (GBBA) 19.08.10 Valid forever till any amendment or communication from Head Office. Maximum Loan -Rs.30 lacs. ROI- up to Rs. 4 lacs- BR+1.75% (Female) & BR+2.25% (Male) Above Rs. 4 lacs- BR+2.50% (Female) & BR+3.00% (Male) Margin- 25% 13 Narsee Monjee Institute Of Management and Higher Studies (NMIMS) 17.01.06 Valid forever till any amendment or communication from Head Office Approved on normal terms and conditions 14 University of Petroleum & Energy Studies. Dehradun 26.04.06 (i) MBA (ii) M.Tech. (iii) BBA (iv) B.Sc. (v) B.Tech and all the other courses approved by UGC Valid forever till any amendment or communication from Head Office. 0.50% Concession in over the normal ROI. No extra concession in ROI for girls 15 Modi Institute of Technology & Science, Laxmangarh 29.06.07 (i) Computer Science and Engineering (ii)Electronics & Communication Engineering (iii) Information Technology (iv) Master of Computer Science (v) M.Tech. in Computer Science (v) MBA - Loan upto Rs. 4 lacs- BR+1.50% & Above Rs.4 lacs- BR+2% 16 NIIT 09.08.07 a) Diploma in IT (DIT) b)Honors Diploma in IT (HND) c) ANIIT d) GNIIT e) Post Graduate certification programme in Business Analytics (PGCBA) Valid forever till any amendment or communication from Head Office. Max loan amount Rs.1.75 lacs on normal terms and conditions. 17 LBIIHM - Pitampura 30.08.06 (i) Degree Courses recognized by UGC/HRD Ministry (ii) Bachelor in Hotel Management & Tourism (IASE) (iii) B.Sc./M.Sc. In Hotel Management, Catering Technology & Tourism (PTU) Valid forever till any amendment or communication from Head Office Approved on normal terms and conditions 18 Dayand Sagar Institution 31.07.07 Valid forever till any amendment or communication from Head Office Loan upto Rs. 4 lacs- BR+1.75% & Above Rs.4 lacs- BR+2.25% 19 Asian School of Media Studies 15.11.07 (i) M.Sc. in Mass Communication, Adv. & Journalism + PG Diploma (ii) B.Sc. in Mass Communication, Adv. & Journalism + Graduate Diploma (iii) B.Sc./ M.Sc. In Multimedia Technologies (iv) BBA (v) MBA Other Diploma Courses conducted by the Institute are not allowed Valid forever till any amendment or communication from Head Office Approved on normal terms and conditions 20 Institute of Management Studies, Dehradun (Its Group Institutes) 10.03.08 Valid forever till the institute has AICTE approval. 0.25% Concession in over the normal ROI 21 Times Business School, New Delhi 18.02.10 1. MBA (2 years) 2.Integrated MBA (4½ Years) 3. BBA (3 years) 4. BJMC (3 years) 5. PG Diploma in Finance (11 months) 6. PG Diploma in Human Resources (11 months) 7. PG Diploma in Marketing & Sales (11 months) 8. PG Diploma in Media & Communication (11 months) 9. PG Diploma in Advertising & PR (11 months) Valid forever till any amendment or communication from Head Office. Approved on normal terms and conditions Upto Rs. 4.00 Lacs Male- BR+ 1.75% Female- BR+ 1.25% Above Rs. 4.00 Lacs Male- BR+2.50% Female- BR+ 2.00% 22 Institute of Management Technology(IMT) Ghaziabad 21.07.11 1. PGDM (2 years) 2. PGDM (Exec.) (15 months) 3. PGDM (P/T) (3 years) 4. PGDM (DCP) (2 years) Valid forever till any amendment or communication from Head Office. Max. Amt. Rs.10.00 Lacs Upto Rs. 4.00 Lacs Male- BR+ 1.75% Female- BR+ 1.25% Above Rs. 4.00 Lacs Male- BR+2.50% Female- BR+ 2.00% 23 NIIT Imperia 29.12.12 -- Valid forever till any amendment or communication from Head Office Approved on normal terms & conditions

Oriental Bank of Commerce Edducation Loan- TIE-UP with NIIT LIMITED

Loan Limit

Rs. 1.75 Lacs

 

Eligible Courses

 

 

1. Diploma in IT (DIT)

2. Honors Diploma in IT (HND)

3. ANIIT

4. GNIIT

5.Post Graduate certification programme in Business Analytics (PGCBA)

 

Margin

NIL

 

Security

Parents / Guardian to be joint borrower (s) / co-obligants or

Co-obligation of spouse/ parents-in-law in case of married women

Process / Upfront Fee/

Documentation Charges/

Prepayment Penalty

NIL


Moratorium Period

Course period + Grace period (12 Months after completion of the course or 6

months after getting the job whichever is earlier)

Repayment

Upto 10 years (Inclusive of moratorium period)

General Condition

Wherever any condition is not mentioned in the scheme, the same shall be

governed by the Model Education Loan Scheme.

Oriental Bank of Commerce for Working proffessional

EDUCATION LOAN SCHEME FOR WORKING PROFESSIONALS
Purpose	To provide finance for pursuing Part time professional courses to enhance their career prospects.
Eligibility	1. Indian national 2. Up to 55 years of age 3. Passed at least graduation exam 4. Working as an executive in public/private/ defense enterprises 5. Have secured admission in an approved institution on part-time basis.
Component of finance	1. Admission fee/tuition fee/Examination fee 2. Books & Stationery 3. Equipments
Loan Amount	Rs. 4.00 Lacs (maximum)
Margin	25%
Rate of interest (floating)
Process/ upfront fee	NIL
Penal Interest	2% penal interest over the normal interest rates on the overdue amount for irregular period.
Sanctioning Authority	Branch Manager irrespective of the Scale / Category of branch
Security	1. Personal guarantee of a person acceptable to the bank. 2. Electronic Clearance System (ECS) / standing instructions/Auto Collection Procedure from the operative accounts of the borrower with us, given the mandate to collect the EMI of the borrower.
Repayment	5 years OR up to retirement, whichever is earlier. EMIs shall start one month after disbursement of loan.

Oriental Education Loan Scheme For Vocational Education & Training

Oriental Education Loan Scheme For Vocational Education & Training

Purpose	The scheme aims at providing financial support to students for pursuing employment oriented skill development courses with affordable terms and conditions.
Eligibility for Loan	Student who is / has:- 1. An Indian National 2. Minimum qualification, as required by the Institution/ Organization running the courses eligible under the scheme. 3. Secured admission in courses run or supported by Central/ State Govt. institutions i.e. National Skill Development Corporation or State Skill Missions / State Skill Corporations leading to certificate / diploma / degree etc.
Eligible Courses	Vocational / Skill development courses of duration from 2 months to 3 years leading to certificate / diploma offered by a recognized State / Central Govt. institution or Statutory / technical body or training department of Govt. etc.
Components of Finance	1. Tuition / course fee. 2. Examination / Library / Laboratory fee. 3. Caution Deposit 4. Purchase of books, equipments and instruments 5. Any other reasonable expenditure found necessary for completion of the course (Local Boarding/ Lodging expenses are not necessary to finance and may be considered only on merits). 6. Life Insurance premium of the student, if insurance cover is obtained by him/her.
Loan Amount	For courses of duration upto 3 months - Rs. 20,000/- For courses of duration above 3 months & upto 6 months - Rs. 50,000/- Courses of duration above 6 months upto 1 year - Rs. 75,000/- For courses of duration above 1 year - Rs. 1,50,000/-
Security	1. No collateral or third party guarantee. 2. Parents / guardian to be joint borrower (s) (irrespective of their means and age of student). 3. Co-obligation of spouse/ parents-in-law in case of married women.
Margin	NIL
Processing Charges	NIL
Prepayment Penalty	NIL
Moratorium Period	Upon completion of course, repayment will start after the moratorium period as under: For courses of duration upto 1 year- 6 months from the completion of course. For courses of duration above 1 year- 12 months from the completion of course.
Repayment	Loan upto Rs. 50000 - Upto 2 yrs. Loan above Rs. 50000 and upto Rs. 1.00 Lac - In 2 to 5 yrs. Loan above Rs. 1.00 Lac - In 3 to 7 yrs.

Oriental Bank of Commerce Education Loan Scheme For MDI, Gurgaon & IMT Ghaziabad

CUSTOMIZED EDUCATION LOAN SCHEME FOR STUDENTS OF MDI, GURGAON & IMT, GHAZIABAD
Purpose	To provide financial support to meritorious students pursuing various courses conducted by conducted by MDI, Gurgaon & IMT, Ghaziabad. The courses conducted by these institutions for working executives will also be covered under this customized scheme.
Eligibility	An Indian National Secured admission through normal selection process on merit (excluding management quota). More than 1 member of the same family can be allowed loan, if eligible, as per scheme.
Eligible Courses	All regular courses conducted by these institutions including specific part-time courses with duration of 1 year & above.
Component of Finance	Fee payable to institution along with reasonable lodging & Boarding charges. Examination, Library, Laboratory fee etc. Caution money deposit subject to 10% of tuition fee (maximum). Purchase of computer/essential equipments / books / uniform etc subject to 20% of tuition fee. Insurance premium. Any other expenses duly approved by the institution, required to complete the course like Study tours, Project work, Thesis etc subject to 20% of tuition fee.
Amount of loan	Up to Rs. 20.00 Lacs
Margin	5%. Any scholarship available to student can be utilized/treated as margin. The margin can be brought upfront or on year-to-year prorate basis.
Application of Interest & Its service	1. 0.50% concession in rate of interest for girl student. 2. Simple interest will apply during Moratorium period (Study + Grace period). Thereafter interest will be compounded.
Penal Interest	2% over the normal rate of interest shall be charged on irregular amount and for the irregular period.
Process/ Upfront/ Documentation/ / Prepayment Penalty Fee	NIL
Security	Parents/Guardian to be joint borrower irrespective of their financial net-worth and age of student and/or co-obligations of spouse/parents-in-law. Assignment of future income of the student after getting employment for the payment of future loan installments (an appropriate affidavit to this effect be obtained from student and co-borrowers.)
Collateral Security	NIL
Repayment Period	For loans upto Rs. 7.50 Lacs - upto 10 yrs. For loans above Rs.7.50 Lacs - upto 15 yrs.

Oriental Bank of Commerce Education Loan scheme for ISBs students

Education Loan scheme ISBs

CUSTOMIZED EDUCATION LOAN SCHEME FOR STUDENTS OF ISBs Purpose To provide financial support to meritorious students pursuing various courses conducted by ISBs. Eligibility An Indian National Secured admission through normal selection process on merit (excluding management quota). More than 1 member of the same family can be allowed loan, if eligible, as per scheme. Eligible Courses All regular courses conducted by these institutions excluding specific part-time courses. Component of Finance Fee payable to institution along with reasonable lodging & Boarding charges. Examination, Library, Laboratory fee etc. Caution money deposit subject to 10% of tuition fee (maximum). Purchase of computer/essential equipments / books / uniform etc subject to 20% of tuition fee. Insurance premium. Any other expenses duly approved by the institution, required to complete the course like Study tours, Project work, Thesis etc subject to 20% of tuition fee. Amount of loan Up to Rs. 25.00 Lacs based on the cost of course. Margin 5%. Any scholarship available to student can be utilized/treated as margin. The margin can be brought upfront or on year-to-year prorate basis.     Application of Interest & Its service Simple interest will apply during Moratorium period (Study + Grace period of 18 Months after completion of the course or 6 months after getting the job whichever is earlier). Thereafter interest will compound. Penal Interest 2% over the normal rate of interest shall be charged on irregular amount and for the irregular period. Process/ Upfront/ Documentation/ / Prepayment Penalty Fee NIL Security Parents/Guardian to be joint borrower irrespective of their financial net-worth and age of student and/or co-obligations of spouse/parent-in-law.OR Personal Guarantee (preferably parent or spouse) Assignment of future income of the student after getting employment for the payment of future loan installments (an appropriate affidavit to this affect be obtained from student and co-borrowers.) Collateral Security NIL Repayment Period For loans upto Rs. 7.50 Lacs - upto 10 yrs. For loans above Rs.7.50 Lacs - upto 15 yrs.