www.centralbankofindia.co.in (http://www.centralbankofindia.co.in/english/loan_IIMS.asp)

Maximum loan amount (local studies)

Rs. 100,000 /-

Maximum loan amount (foreign studies)

Rs. 500,000/-

Maximum loan amount upto

Upto Rs. 1 lakh: 85%, over Rs. 1lakh: 75%

Maximum tenure

3 yrs

Interest (%)

14.50%

Security

Collateral security or equitable house mortgage

Repayment holiday

Interest payments start immediately; principal repayments after completion of course.

Guarantors

1 to 2

Insurance policy

Equal to the amount of the loan

Age

16 to 28 yrs

Courses financed

Post-graduate, Professional, PhD

Marks required

First class