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Last Updated on 07/08/2019

IOB Vidya Shrest

PURPOSE OF THE LOAN

Term Loan to students (Indian Nationals) for pursuing higher education in India in the Select Premier Institutions in the country's best Engineering and Medical colleges, top B-Schools, Law colleges & other reputed institutions.

ELIGIBLE PERSONS

Student should be an Indian National and have secured admission in the Select Premier Institutions.

Secured admission to Professional/Technical courses through Entrance Test / Selection process.

No minimum qualifying marks stipulated in the last qualifying examination.

QUANTUM OF LOAN

Maximum Loan Amount: Rs. 30.00 Lacs

MARGIN

NIL

REPAYMENT & HOLIDAY PERIOD

Maximum 180 months after commencement of repayment.

Moratorium: Course period + 1 year or 6 months after getting job, whichever is earlier.

RATE OF INTEREST

Refer - Interest rates at a Glance.

SECURITY

No Security, only Parent / Guardian as co-borrower.	Upto Rs. 15.00 Lacs under List A
	Upto Rs. 7.50 Lacs under List B
With tangible collateral of full value and Parent / Guardian as co-borrower.	Above Rs. 15.00 Lac under List A
	Above Rs. 7.50 Lac under List B

OTHER CONDITIONS

The loan to be disbursed directly to Institution / hostel - term wise / year wise, in stages as per the requirement / demand.

In case of married person, co-obligator can be either spouse or the Parent(s) / Parent (s)-in-law. Parental co-obligation can also be substituted by a suitable third party guarantee.

If the loan amount sanctioned is less than Rs. 7.50 Lacs in both the category, the same will be covered under Credit Guarantee Fund Scheme for Educational Loan (CGTFSL) Scheme.

For Apply Loan - www.vidyalakshmi.co.in

Annexure

LIST "A" INSTITUTIONS
Sr. No.	Name of Institution
1	Indian Institute of Management(IIM), Ahmedabad
2	Indian School of Business(ISB), Hyderabad
3	Indian School of Business(ISB)-Mohali Campus
4	Indian Institute of Management(IIM), Kashipur
5	Indian Institute of Management(IIM), Ranchi
6	Indian Institute of Management(IIM), Rohtak
7	Indian Institute of Management(IIM), Shillong
8	Indian Institute of Management(IIM), Trichy
9	Indian Institute of Management(IIM), Udaipur
10	Indian Institute of Management(IIM), Bangalore
11	Indian Institute of Management(IIM), Indore
12	Indian Institute of Management(IIM), Kolkata
13	Indian Institute of Management(IIM), Kozhikode
14	Indian Institute of Management(IIM), Lucknow
15	Indian Institute of Management-Lucknow (Noida Campus)
16	Indian Institute of Management(IIM), Raipur
17	Indian Institute of Technology, Kanpur
18	Department of Industrial & Management Engineering, IIT Kanpur
19	Indian Institute of Technology, Mandi
20	Indian Institute of Technology, Patna
21	Indian Institute of Technology, Roopnagar
22	Indian Institute of Technology, Roorkee
23	Indian Institute of Technology, Bhubaneshwar
24	Indian Institute of Technology, Chennai
25	Indian Institute of Technology, Delhi
26	Dept of Management Studies, IIT, Delhi
27	Indian Institute of Technology, Gandhinagar
28	Indian Institute of Technology, Hyderabad
29	Indian Institute of Technology, Indore
30	Indian Institute of Technology, Jodhpur
31	Indian Institute of Technology, Kharagpur
32	Indian Institute of Technology, Guwahati
33	Indian Institute of Technology, Mumbai
34	SJSOM, IIT - Mumbai
35	IIT Varanasi (earlier IT BHU - Banaras)
36	Xavier Labour Relations Institute (XLRI), Jamshedpur
37	Management Development Institute (MDI), Gurgaon
38	Management Development Institute (MDI) - Murshidabad
39	Birla Institute of Technology & Sciences(BITS) - Pilani
40	BITS (Pilani) Goa Campus
41	BITS (Pilani) Hyderabad Campus
42	Indian School Of Mining - Dhanbad
43	All India Institute of Medical Sciences (AIIMS), Delhi
44	Madras Medical College (MMC), Chennai
45	Christian Medical Colleg (CMC), Vellore
46	Jawaharlal Institute of Post-Gradutae Medical Education and Research (JIPMER), Pondicherry
47	Indian Institute of Technology, Palakkad
48	Indian Institute of Technology, Tirupathi
49	Indian Institute of Technology, Bhilai
50	Indian Institute of Technology, Goa
51	Indian Institute of Technology, Jammu
52	Indian Institute of Technology, Dharwad
53	Indian Institute of Management(IIM), Bodh Gaya
54	Indian Institute of Management(IIM), Vishakhapatnam
55	Indian Institute of Management(IIM), Amristar
56	Indian Institute of Management(IIM), Raipur
57	Indian Institute of Management(IIM), Jammu
58	Indian Institute of Management(IIM), Sambalpur
59	Indian Institute of Management(IIM), Sirmaur

LIST "B" INSTITUTIONS
Sr. No.	Name of Institution
1	Goa Institute of Management (GIM), Goa [Post Graduate Diploma in Management]
2	Indian Institute of Foreign Trade (IIFT), Delhi
3	Indian Institute of Foreign Trade (IIFT), Kolkata Campus
4	International Management Institute (IMI), New Delhi
5	Kasturba Medical College (KMC), Manipal
6	Marine Engineering & Research Institute, Kolkata
7	National Institute of Industrial Engineering (NITIE), Mumbai
8	Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
9	S P Jain Institute of Management & Research (SPJIMR), Mumbai
10	Symbiosis Centre For Management & HRD (SCMHRD), Pune
11	Symbiosis Institute of Business Management (SIBM), Pune
12	Xavier Institute of Management (XIM), Bhubaneswar
13	Birla Institute of Technology (Mesra), Ranchi
14	Centre for Environmental Planning & Technology (CEPT), Ahmedabad
15	College of Engineering, Pune
16	Delhi College of Engineering (DCE), Delhi
17	Dhirubhai Ambani Institute of Information & Communication Technology (DAIICT), Gandhinagar
18	Dr. B R Ambedkar National Institute of Technology (NIT), Jalandhar
19	Faculty of Engineering & Technology, Jadavpur University, Kolkata
20	Faculty of Management Studies (FMS), Delhi
21	Indian Institute of Forest Management (IIFM), Bhopal
22	Indian Institute of Science (IISc), Bangalore
23	Institute of Management Technology (IMT), Ghaziabad
24	Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai
25	L N Mittal Institute of Information & Technology (LNMIIT), Jaipur
26	Loyola Institute of Business Administration (LIBA), Chennai
27	Malaviya National Institute of Technology (NIT), Jaipur
28	Bangalore Medical Colleg (BMC), Bangalore
29	Grant Medical College (GMC), Mumbai
30	Armed Forces Medical College (AFMC), Pune
31	King Edward Medical Colleg (KEMC), Mumbai
32	Maulana Azad Medical College (MAMC), Delhi
33	Lady Hardinge Medical College (LHMC), Delhi
34	Kasturba Medical College (KMC), Manipal - Bangalore
35	Post Graduate Institute of Medical Education & Research (PGIMER), Chandigarh
36	St. John's Medical College, Bangalore
37	Christian Medical Colleg (CMC), Ludhiana
38	IIIT Kota, Rajasthan
39	IIIT Guwhati, Assam
40	IIIT Sri city (Chittoor), Andhra Pradesh
41	IIIT Vadodara, Gujarat
42	IIIT Tiruchirapalli, Tamil Nadu
43	IIIT Una, Himachal Pradesh
44	IIIT Sonepat, Haryana
45	IIIT Kalyani, West Bengal
46	IIIT Senapati, Manipur
47	IIIT Lucknow, Uttar Pradesh
48	IIIT Dharwad, Karnataka
49	IIIT Kottayam, Kerala
50	IIIT Nagpur, Maharashtra
51	IIIT Pune, Maharashtra
52	IIIT Ranchi, Jharkhand
53	IIIT Bhagalpur, Bihar
54	IIIT Bhopal, Madya Pradesh
55	IIIT Surat, Gujarat
56	IIIT Agartala, Tripura
57	IIIT Raichur, Karnataka