Education Loan Interest Rate & Security Requirement
ANNEXURE-I
SL.
NO.
NAME OF THE INSTITUTE
SECURITY REQUIRED
RATE OF INTEREST
LOAN AMOUNT :MAXIMUM Rs.20 LAC
1
INDIAN INSTITUTE OF MANAGEMENT
(IIM) Ahmedabad
2
INDIAN INSTITUTE OF MANAGEMENT
(IIM) Bangalore
3
INDIAN INSTITUTE OF MANAGEMENT
(IIM) Kashipur
4
INDIAN INSTITUTE OF MANAGEMENT
(IIM) Kolkata
5
INDIAN INSTITUTE OF MANAGEMENT
(IIM) Kozikode
6
INDIAN INSTITUTE OF MANAGEMENT
(IIM) Lucknow
7
INDIAN INSTITUTE OF MANAGEMENT
(IIM) Lucknow-Noida Campus
8
INDIAN INSTITUTE OF MANAGEMENT
(IIM) Raipur
9
INDIAN INSTITUTE OF MANAGEMENT
(IIM) Ranchi
10
INDIAN INSTITUTE OF MANAGEMENT
(IIM) Rohtak
11
INDIAN INSTITUTE OF MANAGEMENT
(IIM) Shillong
12
INDIAN INSTITUTE OF MANAGEMENT
(IIM) Trichy
13
INDIAN INSTITUTE OF MANAGEMENT
(IIM) Udaipur
14
INDIAN SCHOOL OF BUSINESS (ISB)
Hyderabad
15
INDIAN SCHOOL OF BUSINESS (ISB)Mohali Campus
16
XAVIER LABOUR RELATION INSTITUTE
(XLRI) Jamshedpur
 BR+1.50%
 0.50% rebate for
1) Assignment
of
Future
girl students
income
 1.00%
interest
2) Co-obligation of parents /
concession will be
guardians
allowed if interest
is paid within the
study
&
moratorium period
For any amount of loan:
ANNEXURE-II
SL.
NO.
NAME OF THE INSTITUTE
SECURITY REQUIRED
RATE OF INTEREST
LOAN AMOUNT :MAXIMUM Rs.15 LAC
1
ALAGAPPA CHETTIAR COLLEGE OF
TECHNOLOGY
2
ALL INDIA INSTITUTE OF MEDICAL SCIENCE
(AIIMS) , Delhi
3
ARMED FORCES MEDICAL COLLEGE (AFMC),
Pune
4
BANGALORE MEDICAL COLLEGE, Bangalore
5
BITS, Pilani
6
CHRISTIAN MEDICAL COLLEGE (CMC) , Vellore
7
COLLEGE OF ENGINEERING, Guindy
8
COLLEGE OF STRUSTURAL & ARCHITECTURAL
PLANNING
9
DELHI COLLEGE OF ENGINEERING, Delhi
10
FACULTY OF MANAGEMENT STUDIES (FMS)
Delhi
11
GRANT MEDICAL COLLEGE, Mumbai
12
INDIAN INSTITUTE OF FOREST MANAGEMENT,
Bhopal
13
IIT -SJSOM, Mumbai
14
IMT Ghaziabad
15
INDIAN INSTITUTE OF FOREIGN TRADE, Delhi
16
INDIAN INSTITUTE OF FOREIGN TRADE, Kolkata
17
INDIAN INSTITUTE OF SCIENCE (IIS), Bangalore
18
INDIAN INSTITUTE OF TECHNOLOGY (IIT)
Bhubaneshwar
19
INDIAN INSTITUTE OF TECHNOLOGY (IIT)
Chennai
20
INDIAN INSTITUTE OF TECHNOLOGY (IIT) Delhi
21
INDIAN INSTITUTE OF TECHNOLOGY (IIT)
Gandhinagar
22
INDIAN INSTITUTE OF TECHNOLOGY (IIT)
Guwahati
1) Assignment
of  BR+2.00%
Future income
 0.50% rebate for
2) Co-obligation
of
girl students
parents / guardians
 1.00%
interest
If the loan amount is
concession will be
above Rs.10 Lac
allowed if interest
is paid within the
3) Full
Tangible
study
&
Collateral Security
moratorium period
23
INDIAN INSTITUTE OF TECHNOLOGY (IIT)
Hyderabad
24
INDIAN INSTITUTE OF TECHNOLOGY (IIT) Indore
25
INDIAN INSTITUTE OF TECHNOLOGY (IIT)
Jodhpur
26
INDIAN INSTITUTE OF TECHNOLOGY (IIT)
Kanpur
27
INDIAN INSTITUTE OF TECHNOLOGY (IIT)
Kharagpur
28
INDIAN INSTITUTE OF TECHNOLOGY (IIT) Mandi
29
INDIAN INSTITUTE OF TECHNOLOGY (IIT)
Mumbai
30
INDIAN INSTITUTE OF TECHNOLOGY (IIT) Patna
31
INDIAN INSTITUTE OF TECHNOLOGY (IIT)
Roopnagar
32
INDIAN INSTITUTE OF TECHNOLOGY (IIT)
Roorkee
33
INDIAN INSTITUTE OF TECHNOLOGY (IIT)
Varanasi (BHU Banaras)
34
INDIAN SCHOOL OF MINES (ISM), Dhanbad
35
INSTITUTE OF RURAL MANAGEMENT (IRMA),
Anand
36
JAWAHARLAL INSTITUTE OF PG MEDICAL
EDUCATION AND RESEARCH , Pondicherry
37
JAMNALAL BAJAJ INSTITUTE OF MANAGEMENT
STUDIES, Mumbai
38
KASTURBA MEDICAL COLLEGE, Manipal
39
King Edward Medical College, Delhi
40
LADY HARDINGE MEDICAL COLLEGE, Delhi
41
MADRAS INSTITUTE OF TECHNOLOGY
42
MADRAS MEDICAL COLLEGE, Chennai
43
MARINE ENGINEERING & RESEARCH
INSTITUTE, Kolkata
44
MDI Gurgaon
45
MICA , Ahmedabad
46
NATIONAL INSTITUTE OF DESIGN, Ahmedabad
47
NIRMA, Ahmedabad
48
NITIE Mumbai
49
NMIMS
50
PG INSTITUTE OF MEDICAL EDUCATION &
RESEARCH (PGIMER), Chandigarh
51
SIBM Pune
52
SPJIMR
53
TATA INSTITUTE OF SOCIAL SCIENCES (TISS),
Mumbai
54
XAVIER INSTITUTE OF MANAGEMENT (XIM)
Bhubaneswar
ANNEXURE-III
SL.
NO.
NAME OF THE INSTITUTE
SECURITY REQUIRED
RATE OF INTEREST
LOAN AMOUNT :MAXIMUM Rs.10 LAC
1
AMRITA SCHOOL OF MEDICINE, Kerala
2
BITS, Goa Campus
3
BITS, Hyderabad Campus
4
BITS, Mesra Ranchi
5
CENTER FOR ENVIRONMENTAL PLANNING
& TECHNOLOGY, Ahmedabad
6
COLLEGE OF ENGINEERING, Pune
7
DAYANAND MEDICAL COLLEGE, Ludhiana
8
DHIRUBHAI AMBANI INATITUTE OF
INFORMATION & COMMUNICATION
TECHNOLOGY, Gandhinagar
9
FACULTY OF ENGINEERING &
TECHNOLOGY, Kolkata
10
LN MITTAL INSTITUTE OF TECHNOLOGY,
Jaipur
11
LOYOLA INSTITUTE OF BUSINESS
ADMINISTRATION, Chennai
1) Assignment of Future  BR+2.50%
income
 0.50% rebate for
2) Co-obligation of parents
girl students
/ guardians
 1.00%
interest
If the loan amount is
concession will be
above Rs.7.50 Lac
allowed if interest
is paid within the
3) Full tangible collateral
study
&
security
moratorium period
12
NATIONAL INSTITUTE OF TECHNOLOGY
(NIT), Agartala
13
NATIONAL INSTITUTE OF TECHNOLOGY
(NIT), Allahabad
14
NATIONAL INSTITUTE OF TECHNOLOGY
(NIT), Bhopal
15
NATIONAL INSTITUTE OF TECHNOLOGY
(NIT), Calicut
16
NATIONAL INSTITUTE OF TECHNOLOGY
(NIT), Durgapur
17
NATIONAL INSTITUTE OF TECHNOLOGY
(NIT), Hamirpur
18
NATIONAL INSTITUTE OF TECHNOLOGY
(NIT), Jaipur
19
NATIONAL INSTITUTE OF TECHNOLOGY
(NIT), Jalandhar
20
NATIONAL INSTITUTE OF TECHNOLOGY
(NIT), Jamshedpur
21
NATIONAL INSTITUTE OF TECHNOLOGY
(NIT), Kurukshetra
22
NATIONAL INSTITUTE OF TECHNOLOGY
(NIT), Nagpur
23
NATIONAL INSTITUTE OF TECHNOLOGY
(NIT), Patna
24
NATIONAL INSTITUTE OF TECHNOLOGY
(NIT), Raipur
25
NATIONAL INSTITUTE OF TECHNOLOGY
(NIT), Rourkela
26
NATIONAL INSTITUTE OF TECHNOLOGY
(NIT), Silchar
27
NATIONAL INSTITUTE OF TECHNOLOGY
(NIT), Srinagar
28
NATIONAL INSTITUTE OF TECHNOLOGY
(NIT), Surat
29
NATIONAL INSTITUTE OF TECHNOLOGY
(NIT), Surathkal
30
NATIONAL INSTITUTE OF TECHNOLOGY
(NIT), Tiruchirapalli
31
NATIONAL INSTITUTE OF TECHNOLOGY
(NIT), Warangal
32
NATIONAL LAW SCHOOL OF INDIA
UNIVERSITY, Bangalore
33
NATIONAL UNIVERSITY OF JURIDICAL
SCIENCES, Kolkata
34
NETAJI SUBASH INSTITUTE OF
TECHNOLOGY, Delhi
35
SCMHRD ,PUNE
36
ST.JOHN'S MEDICAL COLLEGE, Ludhiana
37
UNIVERSITY COLLEGE OF ENGINEERING,
Burla
38
UNIVERSITY INSTITUTE OF CHEMICAL
TECHNOLOGY, Mumbai
39
VEERMATA JEEJABAI TECHNICAL
INSTITUTE, Mumbai
ANNEXURE-IV
INSTITUTE
SECURITY REQUIRED
RATE OF INTEREST
FOR OTHER RECOGNIZED COLLEGES/ UNIVERSITIES RECOGNIZED BY UGC/
GOVT./ AICTE/ AIBMS/ ICMR etc.
LOAN AMOUNT :MAXIMUM Rs.10
LAC
Up to Rs. 4 Lac
Up to Rs. 4 Lac
 Assignment of Future income  BR+3.00%
(13.20%)
 Co-obligation of parents /
guardians
If the loan amount is above
Rs.4 Lac up to Rs.7.50 Lac
Above Rs.4 Lac up
to Rs.7.50 Lac
Collateral security in the form of
 BR+2.80%
third party guarantee
(13.00%)
(third party guarantee is not
required for the students whose
father/ mother is an employee
of our Bank)
If the loan amount is above
Rs.7.50 Lac
Full tangible collateral security
Above Rs.7.50 Lac
 BR+2.50%
(12.70%)
 0.50% rebate for
girl students
 1.00%
interest
concession will be
allowed if interest
is paid within the
study
&
moratorium period
FOR STUDENTS ADMITTED UNDER MANAGEMENT QUOTA
LOAN AMOUNT
Up to Rs.4 Lac
Above Rs.4 Lac
SECURITY REQUIRED
1)
2)
3)
1)
2)
3)
Assignment of Future Income
Co-obligation of parents / guardians
No Collateral Security
Assignment of Future Income
Co-obligation of parents / guardians
Full Tangible Collateral Security
RATE OF INTEREST



BR+3.00%
0.50% rebate for girl students
1.00% interest concession will
be allowed if interest is paid
within the study & moratorium
period