We are pleased to inform the students that we facilitate educational loans for the needy

students. The relevant information is as under:

A. Common Conditions for availing educational loan :

1 Eligibility

2 Maximum
loan amount

Student should be an Indian National having secured admission

to Professional / Technical courses through entrance test /
selection process.
Rs. 10 lakhs for studies in India.

3 Margin

Upto Rs. 4 lakhs: NIL, Above Rs. 4 lakhs : In India - 5%, Margin
(scholarship may be included in margin.)

4 Disbursement

Payment directly to college / hostel / mess / airlines etc. In

appropriate cases disbursement to be made to borrowers
subject to satisfactory evidence. Original receipts to be
submitted.
For Full Time Courses :
Repayment to commence 12 months after completion of studies
or 6 months after securing jobs whichever is earlier.
Maximum period 5 to 7 years. Repayment on EMI basis.

5 Repayment

B. Indicative Security Terms and Rate of Interest for Different Banks (subject to
change from time to time)

S.No Name of
Bank
1
Dena Bank

State Bank
of India

Central
Bank of
India

Security

Interest Rate

Contact Numbers

For NMIMS-

For NMIMS

No margin and No
collateral security.
However, co-obligation of
parents/ guardians/
spouse/ parents in-law
needed
Up to Rs. 7.5 lakhs -No
security

10.25% upto
Rs.10 lakhs

Ms. Pranoti Nene26103410

JVPD Branch

Above Rs.7.5 lakhsTangible collateral

security of full value ,
parents to be coborrower
Parent(s) / guardian to be
joint borrowers
Up to Rs. 4 lakhs -No
security
Above Rs. 4 lakhs and up
to Rs.7.50 lakhs Collaterals in the form of
a satisfactory third party
Guarantee along with the
assignment
of future income of the
student for payment of
installments.

11.75%

11.75% for SC/ ST

and girl students
12.25% for boys

Mr. Mohit Upadhyay

PBB Juhu Branch
26127212/13
9004026709

26182603
JVPD Branch

Above Rs. 7.50 lakhs Tangible

collateral
security of suitable value
along with the assignment
of future income of the
student for payment of
installments.

Punjab
National
Bank

Parent(s) / guardian to be
joint borrowers
Tangible
collateral
security of suitable value

13.25% upto 4
lakhs
14.25% from 4
lakhs-7.5 lakhs

Juhu Branch
26207147
26207542
26207739

For NMIMS:11.75% above

7.5 lakhs upto
Rs.10 lakhs
6

IDBI Bank

Canara
Bank

Upto Rs.20 lakhs

No Security.
Parents/guardian to be
joint borrower,
Assignment of future
income of the student.

11.25% for boys

10.75% for girls

Vile Parle West branch

Mr Raushan Kumar- 7208006282
or 26701320/21/22.

10.20% ( Base
Rate)

24/A,101,Reyn Basera Vallbh Nagar

Society , N S Road No 4,J V P D
Scheme ,Vile Parle (West), Mumbai
-400056.
Phone /Fax 022-26150791(D),
26143716, 3754
Phone /Fax 022-26150791(D),
26143716, 3754
Email:
managercb0121@canarabank.com.

C. Contact Details :
Sr. Name of
No. the Person

Contact
No.

Email Id

Address

NMIMS
Bhaktivedanta Swami Marg, Vile
Parle (West), Mumbai 400 056
Shri Vile Parle Kelavani Mandal
Bhaidas Sabhagrih Bldg., 2nd Floor,
Bhaktivedanta Swami Marg, Vile
Parle (West), Mumbai 400 056
Shri Vile Parle Kelavani Mandal
Bhaidas Sabhagrih Bldg., 2nd Floor,
Bhaktivedanta Swami Marg, Vile
Parle (West), Mumbai 400 056

Ms. Karuna
Bhaya

42355656

karunab@nmims.edu

Ms. Kavita
Naik

42199971

Kavita.Naik@svkm.ac.in

Mr. Anil K
Bapat

42199972

Anil.Bapat@svkm.ac.in