Special Eduction Loan Scheme - Special Eduction Loan Scheme

At Union Bank of India, we value your dreams and aspirations. We understand the importance of education in fulfilling your dreams, which is why we bring to you our ‘Special Eduction Loan Scheme’, designed for students at the most prestigious B-schools in India.
Special features of our Special Education Loan for MBA students:
Rate of Interest: Floating rate of interest at ‘Base Rate’ (as of 01/06/2013, Base Rate = 10.25%)

• Loan upto Rs.20 Lakh
• Repayment tenure of 15 years
• No collateral security
• No margin
• Option to avail loan from place of residence or place of educational institute

Indian Institute of Management, Ahmedabad

Indian Institute of Management, Bangalore

Indian Institute of Management, Calcutta

Indian Institute of Management, Indore

Indian Institute of Management, Kozhikode

Indian Institute of Management, Lucknow

Indian Institute of Management, Raipur

Indian Institute of Management, Ranchi

Indian Institute of Management, Rohtak

Indian Institute of Management, Shillong

Indian Institute of Management, Trichy

Indian Institute of Management, Kashipur

Indian Institute of Management, Udaipur

Xavier Labour Relation Institute (XLRI), Jamshedpur

S. P. Jain Institute of Management & Research (SPJIMR), Mumbai

Management Development Institute (MDI), Gurgaon

Union Education - Union Bank of India Education Loan

PURPOSE

Basic education To pursue graduation / higher education To pursue technical / professional / management courses

ELIGIBILITY

Indian citizen Secured admission to the concerned institute in India or abroad through appropriate selection process and cleared the qualifying examination, if any Courses covered in India Graduation / post-graduation / diploma courses from recongnized universities Technical / professional / management courses Courses covered outside India Graduation / post-graduation degrees offered by recongnized universities Certified degree courses conducted by CIMA, London, CPA, USA and other such institutes Diploma courses are not covered under Union Education

QUANTUM OF LOAN

For studies in India - maximum upto Rs. 10 Lakhs. The quantum of loan is higher for the institutes covered under Special Education Loan schemes. Please check the Special Offers Tab above for further details. For studies outside India- maximum Up to Rs. 20 Lakhs

MARGIN, I.E. YOUR SHARE

For loans upto Rs. 4 Lakhs, the margin is nil For loans above Rs. 4 Lakhs, margin is 5% for studies in India and 15% for studies outside India Scholarship / assistantship will be included in the margin

MORATORIUM PERIOD

The moratorium period is minimum of the following two. Course period + 1 year Course period + 6 months after commencement of job

REPAYMENT

Quantum of loan Maximum repayment tenure (after the course & moratorium period) Upto ` 7.50 Lakh 10 years Above ` 7.50 Lakh 15 years

RATE OF INTEREST AND PROCESSING CHARGES

Please click here to know our latest rate of interest If interest is regularly serviced during the course and moratorium period, i.e. prior to the commencement of repayment, then the student is eligible for interest rebate. Please contact the nearest branch for details. No processing charges. Wherever applicable, Valuation / Legal / Stamp Duty / CERSAI / Memorandum registration charges as per actuals

SECURITY

The security required is as mentioned below. Quantum of loan Security Upto ` 4 Lakh No security is required. Above ` 4 Lakh & upto ` 7.50 Lakh Suitable third party guarantee acceptable to the bank to be taken. Above ` 7.50 Lakh Tangible collateral security of minimum value equivalent to the loan amount and interest accumulation during course & moratorium period, acceptable to the bank. In all the above cases, parent/spouse have to necessarily join in as co-applicant.

INSURANCE

Life insurance of the student is recommended to the tune of the loan amount

OTHER CONDITIONS

The loan shall be sanctioned / disbursed from the branch nearest to the place of domicile of the student Loan would be disbursed directly to the institute Loan can be availed during subsequent years of the course Legal and valuation charges have to be borne by the borrowers. If the loan is take-over by other bank/FI, then a charge of 2% on the average loan outstanding for the past 12 months will be levied.

CENTRAL GOVERMENT INTEREST SUBSIDY SCHEME

The Ministry of HRD has launched Central Government scheme of Interest Subsidy on educational loans for economically weaker sections of the society. The students who satisfy all the following parameters would be eligible for the interest subsidy. § The student has secured admission to any of the approved courses after Class XII in Technical and Professional streams from recognized institutes in India only and availed educational loan from any of the scheduled banks, including Union Bank of India, to pursue the course. § The student belongs to Economically Weaker Section (EWS) with an annual gross parental / family income from all sources not exceeding ` 4.50 Lakhs. The other features of the scheme are as follow : Subsidy for loan amount upto ` 10 Lakhs (even if loan is more than ` 10 Lakhs). Student to submit proof of income from the competent authority appointed by the state government. Scheme applicable for disbursements from the academic year 2009 (even if the loan was sanctioned earlier). Subsidy for the course and moratorium period only. Student will be eligible for interest subsidy only once either for the first undergraduate degree course or the post graduate degree / diploma course in India.

SyndVidya – Loan for Vocational Courses - A Syndicate Bank’s Education Loan Scheme

1

SyndVidya – For Vocational Courses

Purpose:



Providing financial support to deserving / meritorious students after passing 10th Class for pursuing vocational courses / skill development in India and abroad offered by recognized institutions.

Courses Eligible:


Vocational / skill development courses of duration from 6 months to 3 years leading to certificate / diploma offered by recognized institutions, such as ITIs, ITCs and polytechnic institutions.

Student eligibility:



The student should be an Indian National.


The student should have passed 10th standard examination.


Should have secured admission to a Government recognized vocational training course which is employment oriented.

Quantum of Finance:

Need based finance subject to repaying capacity of the parents/ students with following ceilings.


Courses of duration upto 1 year -
Rs.50,000/-

Courses of duration above 1 year -
Rs.1,50,000/-

Margin amount:
NIL

Expenses considered for Loan:



Tuition / course fee fixed by Government / authorities appointed by Government.


Examination / Library / Laboratory fee.


Caution deposit, Cost of books, equipments etc.,


Any other reasonable expenditure.

Security:



No collateral / third party guarantee. However parent has to join as co-borrower.

Rate of Interest:



Interest linked to Loans-Base Rate of the Bank at monthly compounding.


Interest rate at present - Base Rate + 2.25%.


Simple interest will be charged up to Moratorium period.



Repayment:



For courses of duration up to 1 year: Repayment in EMIs for 5 years after a moratorium period of 6 months from completion of course.


For courses of duration above 1 year: Repayment in EMIs for 7 years after a moratorium period of 12 months from completion of course.

2


Insurance Charges:
Optional

Processing & Documentation Charges:



No processing charges and Documentation charges.

Other Terms and Conditions:
As applicable to Model Education Loan Scheme of IBA

Please contact our nearest branch in your town for further details

<<>>

Synd Super Vidya - A Syndicate Bank’s Education Loan Scheme

Synd Super Vidya

A Syndicate Bank’s Education Loan Scheme

_____________________________________________________________________________

Purpose:



Providing financial support to deserving / meritorious students for pursuing higher education IN Reputed Business schools/ Technical / Professional Institutes in India.

Parameters
Courses Eligible	Technical courses and Post Graduate Masters degree courses and one year Executive Development Programme offered in India by Premier Technical and Management Institutes.
Quantum of Finance:	Maximum `20.00 lakhs
Margin	5%
Guarantee/Surety/Collateral Security	Guarantee of parent for loans above `4.00 lakhs. No collateral security.
Rate of Interest	BR+0.50% if interest is serviced during moratorium period, otherwise 1% additional interest 0.50% concession to girl students. However the rate of interest will not be less than the Base Rate.
Place of Sanction	Branch nearest to the permanent domicile of parent/guardian or branch nearer to the Institute
KYC norms	Applicant to submit Proof of Identity, Xerox copy of admit card, admission letter, photo of the applicant
ADD ONS	The student is eligible to  Open self introduced SB A/c with Debit cum ATM Card  Avail additional loan upto `3.00 lakhs if selected to go abroad under student exchange scheme during the second year of the course in Management, upto the maximum loan of `20.00 lakhs

SyndVidya - A Syndicate Bank’s Education Loan Scheme

SyndVidya

A Syndicate Bank’s Education Loan Scheme

Purpose:



Providing financial support to deserving / meritorious students for pursuing higher education in India and abroad.

Courses Eligible:

(a) Studies in India
:


Approved courses leading to graduate/ post graduate degree and PG diploma conducted by recognized colleges/ universities recognized by UGC/ Govt./ AICTE/ AIBMS/ ICMR etc.


Courses like ICWA, CA, CFA etc.


Courses conducted by IIMs, IITs, IISc, XLRI. NIFT, NID etc.


Regular Degree/Diploma courses like Aeronautical, pilot training, shipping etc., approved by Director General of Civil Aviation/Shipping, if the course is pursued in India.


Approved courses offered in India by reputed foreign universities.


Other courses leading to diploma/ degree etc. conducted by colleges/ universities approved by UGC/ Govt./ AICTE/ AIBMS/ ICMR etc


Courses offered by National Institutes and other reputed private institutions. Banks may have the system of appraising other institution courses depending on future prospects/recognition by user institutions.


Courses, which are not covered under the criteria, mentioned above, CMD/ED may take a view to consider extending Education loan under the scheme taking into account the future prospects/recognition by user institution.


Teacher training course/Nursing course/B.Ed are eligible for education loan, provided the training institutions are approved either by the Central Government or by the State Government and such courses should lead to Degree or Diploma course and not to certification course.

(b) Studies abroad:



Graduation: For job oriented professional / technical courses offered by reputed universities.


Post Graduation: MCA, MBA, MS etc.


Courses conducted by CIMA-London, CPA in USA etc.


Degree/diploma courses like aeronautical, pilot training, shipping etc provided, these are recognized by competent regulatory bodies in India/abroad for the purpose of employment in India/abroad.

Student eligibility:



The student should be an Indian National/NRI


Should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test/ Merit Based Selection process after completion of HSC(10 plus 2 or equivalent).


However, entrance test or selection purely based on marks obtained in qualifying examination may not be the criterion for admission to some of the post graduate courses or research programmes. In such cases, banks will have to adopt appropriate criteria based on employability and reputation of the institution concerned.

2

Quantum of Finance:

Need based finance subject to repaying capacity of the parents/ students with margin and the following ceilings.


Studies in India -
Maximum Rs.10.00 lakh

Studies abroad -
Maximum Rs.20.00 lakh

Margin amount (to be brought in by the student/parent):



Upto Rs.4 lakh : Nil


Above Rs 4 lakh : Studies in India - 5%


Studies abroad : 15%

Security:



Upto Rs.4 lakh: parents to be joint borrowers. No security.


Above Rs.4 lakh upto Rs.7.50 lakh: Besides the parent(s) executing the documents as joint borrowers, collateral security in the form of suitable third party guarantee acceptable to the Bank will be taken.


Above Rs.7.50 lakh: Parent(s) to be joint borrower(s) tangible collateral security of suitable value along with assignment of future income of student. The security can be in the form of land/building/Govt. Securities/Public Sector Bonds/Units of UTI, NSC, and KV, Life Policy, Gold, Shares/Mutual Fund Units/Debentures, Bank deposit etc.

Rate of Interest:



Interest linked to Loans-Base Rate of the Bank at monthly compounding.

Loan Amount	Interest rate
Upto Rs.4.00 lakhs	Base Rate + 2.25%
Above Rs.4.00 lakhs	Base Rate + 2.75%

Loan for Laptop & Personal Computer - Bank of Baroda - Computer Loan

Gen-Next Lifestyle



Rate Of Interest

• Applicable Interest rate as per retail products –purpose wise

Processing & Documentation Charges

• Applicable processing charges as per retail products –purpose wise

Repayment  

• New Modern Gadgets (Including Laptop/PC) : 24 months.

• Furniture & Fixture/New Consumer Durables : 60 months
• New Vehicle (Two wheeler/Four wheeler) : 60 months.
• Old Vehicle (Four wheeler only) : 36 months.

 

Loan will be repaid in Equated Monthly Installments (EMIs). (12 post-dated cheques are to be obtained in advance every year, with undertaking to maintain adequate balance).
Features

• Anywhere banking facility.
• Free Internet Banking facility.
• No Prepayment charges.
• Travel, Investment and FOREX Support.
• Free Next-Gen Credit Card with Add on card for spouse.

Banking Relationship

Applicant’s banking relationship either with our bank or other bank should be analyzed / examined by perusing pass book or statement of account of his main bank account of last six months to satisfy that the conduct of the account is satisfactory. Security

• Loan agreement - cum - Instrument of Hypothecation of Home Furnishings / Consumer Durable goods / vehicle / PC or Laptop / New Modern Gadgets.
• Hypothecation of vehicle, in case of loan for a car / two wheeler.
• Usual undertakings / documents as applicable to pledge of FDRs, NSCs, shares Bonds, Units etc., if stipulated.
• Personal Guarantee of one / two persons having adequate worth. The guarantee may be waived if loan is availed only for purchase of new vehicle.

Documentation

• D.P. Note.
• Letter of installment with acceleration clause.
• Declarations cum Undertakings cum Authority
• In case of vehicle loan, Bank’s charge to be noted with RTO (Certified Xerox copy of the Registration Certificate having bank’s name as financier be kept on bank’s records with the documents.
• Blank TTO forms in duplicate.
• Hypothecation of Vehicle (LDOC-20) / PC / Laptop / New Modern Gadgets etc, if availed.
• Other documents to charge the liquid securities, if offered, as per bank rules.
• General form of Guarantee, if stipulated.
• Other securities, as stipulated.
• Adequate insurance of articles purchased out of bank loan with Banker’s clause. The premium is to be borne by the borrower.

Other Provisions

• Separate loan account for Home Furnishings / Consumer Durables, vehicle and PC / Laptop / New electronic gadgets to be maintained, if availed.
• Penal interest @ 2% p.a. on overdue amount for period of default.
• Loan is to be considered only for reputed brands.
• A stamped undertaking from the employee authorizing the employer to remit the salary every month to the bank for credit of specified SB / Current Account during the currency of the Loan facility and also to deduct from the retirement / terminal benefits, the outstanding overdraft amount with the interest in case of retirement / resignation / cessation of employment for any reason. A copy of the undertaking duly acknowledged by the employer has to be kept on branch.
• The payment will be directly made to the dealers in case of new vehicle/ other articles.
• In case of second hand cars, certificate about the value and residual life of the car to be obtained from a reputed garage.

Loan for Laptop & Personal Computer - Central Bank of India - Computer Loan

Cent Computer Loan

1 Purpose Purchase of Personal Computer and Laptops along with accessories. 2 Eligibility All individuals including students, professionals and permanent salaried persons including staff members of the Bank 3 Quantum of loan Need Based upto 80% of cost, subject to maximum Rs.1,00,000/- 4 Margin 20% 5 Security Hypothecation of assets financed and acceptable 3rd party guarantee. The condition of Third Party Guarantee may be waived off, if the salary account is maintained with the Bank and EMI is debited from the salary account. It should be ensured that salary account is not transferred or closed during the currency of the loan and undertaking to this effect may be obtained from the employer or from the employee and this has to be registered with the employer. 6 Repayment 36 months to 60 months 7 Rate of interest Base Rate + 5.00% 8 Processing Fee Rs.100/- per proposal

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.