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
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
57
Indian Institute of Management(IIM), Jammu
58
Indian Institute of Management(IIM), Sambalpur
59
Indian Institute of Management(IIM), Sirmaur
LIST "B" INSTITUTIONS
Goa Institute of Management (GIM), Goa [Post Graduate Diploma in Management]
Indian Institute of Foreign Trade (IIFT), Delhi
Indian Institute of Foreign Trade (IIFT), Kolkata Campus
International Management Institute (IMI), New Delhi
Kasturba Medical College (KMC), Manipal
Marine Engineering & Research Institute, Kolkata
National Institute of Industrial Engineering (NITIE), Mumbai
Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
S P Jain Institute of Management & Research (SPJIMR), Mumbai
Symbiosis Centre For Management & HRD (SCMHRD), Pune
Symbiosis Institute of Business Management (SIBM), Pune
Xavier Institute of Management (XIM), Bhubaneswar
Birla Institute of Technology (Mesra), Ranchi
Centre for Environmental Planning & Technology (CEPT), Ahmedabad
College of Engineering, Pune
Delhi College of Engineering (DCE), Delhi
Dhirubhai Ambani Institute of Information & Communication Technology (DAIICT), Gandhinagar
Dr. B R Ambedkar National Institute of Technology (NIT), Jalandhar
Faculty of Engineering & Technology, Jadavpur University, Kolkata
Faculty of Management Studies (FMS), Delhi
Indian Institute of Forest Management (IIFM), Bhopal
Indian Institute of Science (IISc), Bangalore
Institute of Management Technology (IMT), Ghaziabad
Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai
L N Mittal Institute of Information & Technology (LNMIIT), Jaipur
Loyola Institute of Business Administration (LIBA), Chennai
Malaviya National Institute of Technology (NIT), Jaipur
Bangalore Medical Colleg (BMC), Bangalore
Grant Medical College (GMC), Mumbai
Armed Forces Medical College (AFMC), Pune
King Edward Medical Colleg (KEMC), Mumbai
Maulana Azad Medical College (MAMC), Delhi
Lady Hardinge Medical College (LHMC), Delhi
Kasturba Medical College (KMC), Manipal - Bangalore
Post Graduate Institute of Medical Education & Research (PGIMER), Chandigarh
St. John's Medical College, Bangalore
Christian Medical Colleg (CMC), Ludhiana
IIIT Kota, Rajasthan
IIIT Guwhati, Assam
IIIT Sri city (Chittoor), Andhra Pradesh
IIIT Vadodara, Gujarat
IIIT Tiruchirapalli, Tamil Nadu
IIIT Una, Himachal Pradesh
IIIT Sonepat, Haryana
IIIT Kalyani, West Bengal
IIIT Senapati, Manipur
IIIT Lucknow, Uttar Pradesh
IIIT Dharwad, Karnataka
IIIT Kottayam, Kerala
IIIT Nagpur, Maharashtra
IIIT Pune, Maharashtra
IIIT Ranchi, Jharkhand
IIIT Bhagalpur, Bihar
IIIT Bhopal, Madya Pradesh
IIIT Surat, Gujarat
IIIT Agartala, Tripura
IIIT Raichur, Karnataka