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Home > Bank Loans
Amity global business school has tied up with Oriental Bank of Commerce & HDFC Bank to make easy education loan available to the students. Given below are the benefits of the scheme :
Oriental Bank of Commerce
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All courses of Amity global business school are covered for grant of loan. |
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Speedy disposal of loan application. |
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Sanction can be accorded by Branch of OBC where campus of Amity is located irrespective of the location of the student. For example, a student applying to AMITY, Sector - 44, Noida, but staying at Dehradun, can apply at the OBC Branch at Noida and communicated to the Dehradun Branch for disbursement after due verification and signing of documents. |
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Loans are being sanctioned at a concessional rate of interest as compared t the normal scheme of OBC. |
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The student can cover all his expenses e.g. hostel, stationary etc, while applying for loan. |
ILLUSTRATIVE LIST OF PAPERS/DOCUMENTS REQUIRED FOR EDUCATION LOAN
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Admission letter of Amity giving details of year wise fee, boarding and lodging expenses. Letter confirming scholarship, if any. |
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Attested copies of documents for proof of age/date of birth and proof of residential address. |
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Passport size photo of the applicant, co-obligants and guarantors. |
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Copy of marksheets/degree certificates of previous academic qualifications. |
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Income proof/latest income tax return of parents/co-obligants, guarantors. (if any). |
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Details of collateral security alongwith valuation certificate of Govt approved valuer (if any). |
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Details/statements of Bank accounts held with Oriental Bank of Commerce/other banks by the student applicant/co-obligant(s)/guarantors (if any) for the last six months. |
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Copy of Passport/Visa, cost of air fare (documentary detail) in case of studies abroad. |
Bank Branch to be contacted :
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Any Branch Of Oriental Bank Of Commerce. |
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[Click here] for more details on Educational Loan Schemes of Oriental Bank of Commerce |
HDFC Bank
HDFC Bank shall grant the Education loan facilities to the students of Amity Global Business School who are desirous of availing the said facility explicitly for funding the courses offered by your Institute. The repayment of which shall be in EMI and will commence and conclude as per the agreement with the respective borrower. The Education Loan facility will be offered to the students as per the following terms and conditions
Institute Name |
Amity Global Business School |
Loan Amount |
Minimum Rs. 50,000 - Maximum of Rs.10 Lacs |
Margin |
10 % |
Moratorium |
Full time courses - The course period + 6 month, during which co-applicant will service simple interest only. |
Security |
Collateral to be taken if Loan Amount is exceeding 7.5 Lacs, i.e Property or FD
Students not meeting the HDFC Bank credit criteria may also be required to furnish additional security as acceptable to HDFC Bank. |
Interest |
Rate 13% |
Repayment period |
The borrower will have the choice of repayment in 12, 24 or 36 Equal Monthly Installments immediately .
The loan tenor will be based on the employment of the co-applicant and at the sole discretion of HDFC Bank. |
EMI Per Lakh per month |
12 Months |
24Months |
36Months |
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Rs.8932 |
Rs. 4,754 |
Rs. 3,369 |
Processing charges |
Nill |
Prepayment charges |
4% of the outstanding amount.
No part prepayment possible. |
Co Borrower |
Mandatory - Parent / brother/ Sister & Spouse and the income documents of the co-applicant will be of primary consideration and must meet the required HDFC bank policy. |
Documentation
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1. Letter from the Institute confirming the borrowers admission to the course
2. Letter from the Institute detailing the fee structure and payment schedule
3. Xerox copy of all mark sheets from SCC / 10th Std of the borrower
4. Applicant and co-applicant loan Application forms (with Photographs) to be submitted
5. Income proof of Co- applicant
6. Address Proof (for Permanent Address): Telephone Bill / Electricity Bill/ Gas Bill / Ration Card / Passport / Voter's ID card / Driving License. Verification will be conducted at this address.
7. Loan Agreement.
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Contact Number
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Bangalore |
9341303615 |
Bangalore |
9343541270 |
Chennai |
9382999072 |
Chennai |
9380668312 |
Chennai |
9363014233 |
Coimbatore |
9344276697 |
Hyderabad |
9346203365 |
Hyderabad |
9347064838 |
Pune |
9322514208 |
Ahmedabad |
9376916616 |
Indore |
9301907773 |
Mumbai |
9323898554 |
Pune |
9322851802 |
Mumbai |
9323516576 |
Mumbai |
9320562012 |
Mumbai |
9320562014 |
Mumbai |
9321952298 |
Mumbai |
9322347222 |
Baroda |
9328234741 |
Pune |
9372873676 |
Kolkatta |
9331407889 |
Kolkatta |
9339565561 |
Kolkatta |
9339125995 |
Lucknow |
9307585122 |
Chandigarh |
9316069129 |
Jaipur |
9314913643 |
Ludhiana |
9316370042 |
Delhi |
9310757555 |
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Amity Education loan cell can be contacted at :
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