Last Updated on 16/10/2019
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