Feature

Details

Eligibility

Students who secure admission in full time courses in the following institutes for the academic year 2024-25

Category ‘A’ Institutes

ROI @8.10%(EBLR-1.15%) for IITs under Category ‘A’ Institutes:

Purpose

To meet tuition fees, cost of books, caution deposit*, hostel charges, mess charges, equipments such as desktop/laptop**, living expenses, insurance premium, expense for student exchange programme, admission acceptance fee etc.

*Student to deposit the money in the loan account immediately on refund from the institute. An undertaking to be obtained from the student in this respect.

**Laptop/desktop cost can be reimbursed to the student if it is purchased for the purpose of study at these institutes

Quantum of Loan

Rs.40 Lakh. (inclusive of Rs. 1.50 lakh for purchase of new two-wheeler)

Margin

• Nil

Interest Rate

• EBLR-0.70% (floating) for Category ‘A’ Institutes
• EBLR (floating) for category “B” Institutes

Processing Charge

• Nil

Repayment Period

180 Months (15 Years)

Moratorium Period

Course period + 1 year

Co-Applicant /Guarantor

Either of the parents or spouse to be made co-applicant / guarantor

Security

No collateral security or third-party guarantee

Insurance

• Term life insurance policy to be obtained & assigned in favour of the bank.
• The policy should be in the name of student, for an amount not less than the loan amount and for the tenure covering course, moratorium and repayment period

Other Terms & Condition

NRI students are not covered under the scheme

Loans to Student in Subsequent years

• The loan can also be granted to the students, who seek a loan in the subsequent years / terms and who have not availed educational loan from other bank / FI for the initial years.
• The earlier year fees and desktop/laptop expenses would not be reimbursed.
• The loan will include tuition fees, cost of books, hostel charges, mess charges, living expenses, insurance premium etc. for the subsequent years.
• If the student is selected for the Student Exchange programme abroad, then the expenses for the same may be included in the loan.
• All other terms & conditions will be as per the Union Education scheme for inland studies

S.N.

Feature

Details

1

Institute & Course

Institute

Course

Indian Institute of Management, Ahmedabad (IIM A)

Post Graduate Programme in Management for Executives (PGPX)

2

Eligible Individuals

• A bachelor’s degree in any discipline
• Minimum completed age of 25 years
• A valid GMAT / GRE score
• Minimum 4 years of full-time work experience after completion of graduation.

3

Margin

Nil.

4

Quantum of Loan

Maximum up to Rs.35.00 Lakh

5

Interest rate

EBLR + 0.10% (floating)

• EBLR prevailing on the date of disbursement (whether partial or full) shall be applicable.
• The External Benchmark shall be reset at least once in three months or any other frequency as prescribed by Bank / RBI.
• The spread will remain fixed for 3 years for the borrower. The first reset will be 3 years from the date of sanction and subsequent resets will be every 3 years from the last reset date.
• The premium component will remain fixed till maturity of the loan.

6

Repayment period

Maximum repayment period is 15 years (after completion of the course) or up to 60 years of age of the borrower, whichever is earlier.

7

Moratorium period

• Moratorium up to course period only. Repayment to start from the next month of completion of course.

8

Other Terms and Conditions

• § Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank.
• § All other terms and conditions as per Special Education Loan Scheme for Premier Management & Technical Institutes to be complied with.

1

Institute & Course

Institute

Course

Indian Institute of Management, Kozhikode (IIM K)

MBA Programme for working executives.

[Name changed from Executive Post Graduate Programme in Management (EPGP)]

2

Eligible Individuals

• Working executives

3

Margin

10% (total cost of the course at present is Rs.14.00 Lakh)

4

Quantum of Loan

Maximum up to Rs. 14.00 Lakh

5

Interest rate

EBLR + 0.75% (floating)

6

Repayment period

Maximum repayment tenure (after course completion) will be 15 years (180 months) or up to 60 years of age of borrower, whichever is earlier.

7

Moratorium period

• Moratorium up to course period only. Repayment to start from the next month of completion of course.
• Interest to be serviced during moratorium as the students will be working professionals and earning income.

8

Other Terms and Conditions

• Only working executives are covered under the Scheme.
• Letter of consent / NOC from Employers to be obtained to pursue the programme.
• Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank.
• IT return/salary certificate/employment certificate to be obtained to assess the present earnings.
• All other terms and conditions as per Special Education Loan Scheme for Premier Management & Technical Institutes to be complied with.

1

Institute & Course

Institute

Course

Indian Institute of Management, Ahmedabad (IIM A)

e-Post Graduate Diploma in Advanced Business Analytics (ePGD-ABA)

[Name changed from Post Graduate Programme in Advanced Business Analytics (PGP-ABA)]

2

Eligible Individuals

• Students must have undergraduate degree
• A valid test score (GMAT / GRE / CAT / GATE or the PGP – ABA) qualifying-cum-aptitude test
• Minimum of 2 years of work experience (preferably in the domain of Business Analytics) 

3

Margin

10% (total cost of the course at present is Rs.12.00 Lakh)

4

Quantum of Loan

Maximum up to Rs. 12 Lakh

5

Interest rate

EBLR + 0.25%(floating)

6

Other Terms and Conditions

• Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank.
• All other terms and conditions as per Special Education Loan Scheme for Premier Management & Technical Institutes to be complied with.

S.N.

Feature

Details

Institute

Course

1.

Institute & Course

Indian Institute of Management, Jammu (IIM JAM)

MBA Programme for working executives

2.

Eligible Individuals

Working Executives

3.

Margin

10% (total cost of the course at present is Rs.9.50 Lakh)

4.

Quantum of Loan

Maximum up to Rs.9.50 Lakhs

5.

Moratorium Period

• Moratorium up to course period only. Repayment to start from the next month of completion of course.
• Interest to be serviced during moratorium as the students will be working professionals and earning income.

6.

Interest rate

EBLR + 0.75% (floating)

7.

Repayment Period

Maximum repayment tenure (after course completion) will be 15 years (180 months) or up to 60 years of age of borrower, whichever is earlier.

8.

Other Terms & Conditions

• Only working executives are covered under the scheme.
• Letter of consent/NOC from Employers to be obtained to pursue the programme.
• Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank.
• IT return/salary certificate/employment certificate to be obtained to assess the present earnings.
• All other terms and conditions as per Special Education Loan Scheme for Premier Management & Technical Institutes to be complied with.

S.N.

Feature

Details

Institute

Course

1.

Institute & Course

Indian Institute of Management, Indore

Post Graduate Programme in Management for Working Executives (PGPMX)

2.

Eligible Individuals

1. Bachelor’s degree or its equivalent.

2. The percentage of marks obtained at the bachelor’s degree or the preceding degree should be minimum 50 or equivalent CGPA.

3. Completed at least 5 years of full time managerial/professional experience after bachelor’s degree

3.

Margin

Nil

4.

Quantum of Loan

Maximum up to Rs.17.60 Lakh

5.

Moratorium Period

• Moratorium up to course period only. Repayment to start from the next month of completion of course.
• Interest to be serviced during moratorium as the students will be working professionals and earning income.

6.

Interest rate

EBLR + 0.10% (floating)

7.

Repayment Period

Maximum repayment tenure (after course completion) will be 15 years (180 months) or up to 60 years of age of borrower, whichever is earlier.

8.

Other Terms & Conditions

• Only working executives are covered under the scheme.
• Letter of consent/NOC from Employers to be obtained to pursue the programme.
• Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank.
• IT return/salary certificate/employment certificate to be obtained to assess the present earnings.
• All other terms and conditions as per Special Education Loan Scheme for Premier Management & Technical Institutes to be complied with.

S.N.

Feature

Details

Institute

Course

1.

Institute & Course

Indian Institute of Management, Lucknow (Noida Campus)

Post Graduate Programme in Management for Working Executive (PGPWE)

2.

Eligible Individuals

• Graduation/ Bachelor’s degree in any discipline or an equivalent academic pursuit (i.e.10+2+3), with a minimum of 50% marks or equivalent CGPA (Cumulative Grade Point Average).
• A valid GMAT/ GRE score 
• Minimum 3 years of full-time work experience after completion of graduation

3.

Margin

Nil

4.

Quantum of Loan

Maximum up to Rs.11.00 Lakhs

5.

Moratorium Period

• Moratorium up to course period only. Repayment to start from the next month of completion of course.
• Interest to be serviced during moratorium as the students will be working professionals and earning income.

6.

Interest rate

EBLR + 0.10% (floating)

7.

Repayment Period

Maximum repayment tenure (after course completion) will be 15 years (180 months) or up to 60 years of age of borrower, whichever is earlier.

8.

Other Terms & Conditions

• Only working executives are covered under the scheme.
• Letter of consent/NOC from Employers to be obtained to pursue the program.
• Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank.
• IT return/salary certificate/employment certificate to be obtained to assess the present earnings.
• All other terms and conditions as per Special Education Loan Scheme for Premier Management & Technical Institutes to be complied with.

S.N.

Feature

Details

Institute

Course

1.

Institute & Course

Indian Institute of Management, Lucknow (Noida Campus)

International Programme in Management for Executives (IPMX) One Year MBA

2.

Eligible Individuals

• Executives with Graduation/ Bachelor’s degree in any discipline or an equivalent academic pursuit (i.e.10+2+3), with a minimum of 50% marks or equivalent CGPA (Cumulative Grade Point Average).
• A valid GMAT/ GRE score 
• Minimum of 5 years full-time post qualification (after graduation) work experience

3.

Margin

Nil

4.

Quantum of Loan

Maximum up to Rs.26.00 Lakhs

5.

Moratorium Period

• Moratorium up to course period only. Repayment to start from the next month of completion of course.
• Interest to be serviced during moratorium as the students will be working professionals and earning income.

6.

Interest rate

EBLR + 0.10% (floating)

7.

Repayment Period

Maximum repayment tenure (after course completion) will be 15 years (180 months) or up to 60 years of age of borrower, whichever is earlier.

8.

Other Terms & Conditions

• Only working executives are covered under the scheme.
• Letter of consent/NOC from Employers to be obtained to pursue the program.
• Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank.
• IT return/salary certificate/employment certificate to be obtained to assess the present earnings.
• NRI students are not covered under the scheme
• All other terms and conditions as per Special Education Loan Scheme for Premier Management & Technical Institutes to be complied with.

S.N.

Feature

Details

Institute

Course

1.

Institute & Course

Indian Institute of Management, Bangalore

Executive Post Graduate Programme in Management (EPGP)

2.

Eligible Individuals

• Graduation/ Bachelor’s degree in any discipline or an equivalent academic pursuit (i.e.10+2+3), with a minimum of 50% marks or equivalent CGPA (Cumulative Grade Point Average).
• A valid GMAT/ GRE score 
• Minimum 5 years of full-time work experience after completion of graduation

3.

Margin

Nil

4.

Quantum of Loan

Maximum up to Rs.31.00 Lakhs

5.

Moratorium Period

• Moratorium up to course period only. Repayment to start from the next month of completion of course.
• Interest to be serviced during moratorium as the students will be working professionals and earning income.

6.

Interest rate

EBLR + 0.10% (floating)

7.

Repayment Period

Maximum repayment tenure (after course completion) will be 15 years (180 months) or up to 60 years of age of borrower, whichever is earlier.

8.

Other Terms & Conditions

• Only working executives are covered under the scheme.
• Letter of consent/NOC from Employers to be obtained to pursue the program.
• Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank.
• IT return/salary certificate/employment certificate to be obtained to assess the present earnings.
• All other terms and conditions as per Special Education Loan Scheme for Premier Management & Technical Institutes to be complied with.

S.N.

Feature

Details

Institute

Course

1.

Institute & Course

Indian Institute of Management, Calcutta

Master of Business Administration for Executives (MBAEx)

2.

Eligible Individuals

• Graduation/ Bachelor’s degree in any discipline or an equivalent academic pursuit (i.e.10+2+3)
• A valid GMAT/ GRE score 
• Minimum 5 years of full-time work experience after completion of graduation

3.

Margin

Nil

4.

Quantum of Loan

Maximum up to Rs.31.00 Lakhs

5.

Moratorium Period

• Moratorium up to course period only. Repayment to start from the next month of completion of course.
• Interest to be serviced during moratorium as the students will be working professionals and earning income.

6.

Interest rate

EBLR + 0.10% (floating)

7.

Repayment Period

Maximum repayment tenure (after course completion) will be 15 years (180 months) or up to 60 years of age of borrower, whichever is earlier.

8.

Other Terms & Conditions

• Only working executives are covered under the scheme.
• Letter of consent/NOC from Employers to be obtained to pursue the program.
• Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank.
• IT return/salary certificate/employment certificate to be obtained to assess the present earnings.
• All other terms and conditions as per Special Education Loan Scheme for Premier Management & Technical Institutes to be complied with.

S.N.

Feature

Details

Institute

Course

1.

Institute & Course

Indian Institute of Management, Raipur

Executive Post Graduate Programme in Management (ePGP)

2.

Eligible Individuals

Working Executives

3.

Margin

10% (Total cost of the course is 13.25 lakh i.e. Total Programme Fee Rs. 10.75 lakh & Laptop/Video Conferencing Peripherals/study material other than online Library- Rs 2.50 lakh)

4.

Quantum of Loan

Maximum up to Rs.13.25 lakh

5.

Moratorium Period

• Moratorium up to course period only. Repayment to start from the next month of completion of course.
• Interest to be serviced during moratorium as the students will be working professionals and earning income.

6.

Interest rate

EBLR + 0.75% (floating)

7.

Repayment Period

Maximum repayment tenure (after course completion) will be 15 years (180 months) or up to 60 years of age of borrower, whichever is earlier.

8.

Other Terms & Conditions

• Only working executives are covered under the scheme.
• Letter of consent/NOC from Employers to be obtained to pursue the programme.
• Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank.
• IT return/salary certificate/employment certificate to be obtained to assess the present earnings.
• All other terms and conditions as per Special Education Loan Scheme for Premier Management & Technical Institutes to be complied with.

S.N.

Feature

Details

Institute

Course

1.

Institute & Course

Indian Institute of Management, Shillong

Post Graduate Programme for Executives (PGPEx)

2.

Eligible Individuals

• Graduation/ Bachelor’s degree in any discipline or an equivalent academic pursuit (i.e.10+2+3)
• A valid GMAT/ CAT score 
• Minimum 5 years of full-time work experience after completion of graduation

3.

Margin

Nil

4.

Quantum of Loan

Maximum up to Rs.23.00 Lakhs

5.

Moratorium Period

• Moratorium up to course period only. Repayment to start from the next month of completion of course.
• Interest to be serviced during moratorium as the students will be working professionals and earning income.

6.

Interest rate

EBLR + 0.10% (floating)

7.

Repayment Period

Maximum repayment tenure (after course completion) will be 15 years (180 months) or up to 60 years of age of borrower, whichever is earlier.

8.

Other Terms & Conditions

• Only working executives are covered under the scheme.
• Letter of consent/NOC from Employers to be obtained to pursue the program.
• Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank.
• IT return/salary certificate/employment certificate to be obtained to assess the present earnings.
• All other terms and conditions as per Special Education Loan Scheme for Premier Management & Technical Institutes to be complied with.

S.N.

Feature

Details

Institute

Course

1.

Institute & Course

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

Post Graduate Programme in Management (PGPM)

2.

Eligible Individuals

Working Executives

3.

Margin

10% (Total cost of the course at present is Rs.19.90 Lakh excluding living expenses, books, laptop etc.)

4.

Quantum of Loan

Maximum up to Rs.20.00Lakh

5.

Moratorium Period

• Moratorium up to course period (15 months) only. Repayment to start from the next month of completion of course.
• Interest to be serviced during moratorium as the students will be working professionals and earning income.

6.

Interest rate

EBLR + 0.75% (floating)

7.

Repayment Period

Maximum repayment tenure (after course completion) will be 15 years (180 months) or up to 60 years of age of borrower, whichever is earlier.

8.

Other Terms & Conditions

• Only working executives are covered under the scheme.
• Letter of consent/NOC from Employers to be obtained to pursue the programme.
• Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank.
• IT return/salary certificate/employment certificate to be obtained to assess the present earnings.
• All other terms and conditions as per Special Education Loan Scheme for Premier Management & Technical Institutes to be complied with.

S.N.

Feature

Details

Institute

Course

1.

Institute & Course

Thapar University, Patiala

International Engineering Program in exchange program with

• University of New South Wales, Australia
• University of Queensland, Australia
• University of Toledo, Ohio United States

• University of Leeds, UK

2.

Eligible Individuals

• University of Queensland, Australia
  • Students must achieve the required Grade Point Average of 7.0/10.0 for admission to the Bachelor of Engineering (Honors) at the end of 2 years at Thapar Institute of Engineering &Technology.
  • Academic Module IELTS score of 6.5 overall with no individual sub-band score less than 6.0; OR Internet based TOEFL minimum total score of 87 with at least 21 in writing and at least 19 in speaking, listening and reading.
  • University of New South Wales, Australia
    • Students with Successful completion of the first four (4) semesters of approved study at Thapar Institute of Engineering &Technology with a minimum CGPA of 7.30 on a 10-point scale in the courses they studied.
    • Students, who have completed Academic IELTS with a score of 6.5 overall, with no subtests below 6.0, will be eligible to have the University of New South Wales, Australia; English Language Proficiency Requirements waived.
    • Internet-based test (iBT) with an overall minimum score of 90 with a minimum in Writing of 23.
  • University of Toledo, Ohio United States
    • Students must achieve the required Grade Point Average of 7.0/10.0 for admission to the Bachelor of Engineering at the end of 2 years at Thapar Institute of Engineering &Technology.
  • University of Leeds, UK
    • Students who have passed all the elements of Year 1 and 2 of Thapar Institute of Engineering &Technology’s programmes within overall cumulative GPA of 7.0/10.0.
    • An overall score of 70 % in Indian Standard XII and studied in English medium, OR an overall IELTS (Academic) score of 6.0(with no less than 5.5 in all components – reading, listening, writing, and speaking components); AND The relevant test above must have been taken within the relevant validation period; AND in accordance with United Kingdom (UK) immigration regulations that are applicable to student migrants, remain valid at the time of issuance of Confirmation of Acceptance for Studies (CAS) and at time of registration at University of Leeds.

3.

Margin

Nil

4.

Quantum of Loan

Maximum up to Rs.40.00 Lakhs

5.

Moratorium Period

• Course Period + 1 year

6.

Interest rate

EBLR

7.

Repayment Period

Maximum repayment tenure will be 15 years (180 months)

8.

Other Terms & Conditions

• Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank.
• All other terms and conditions as per Special Education Loan Scheme for Premier Management & Technical Institutes to be complied with.