Personal Loan
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CENT VIDYARTHI-IIMs & other Institutes

Maximum Loan Amount :

Rs. 40.00 Lakhs

Borrower/ Joint Borrower:

Loan to be sanctioned in individual name of the student.

Parent(s)/guardian/ spouse/parents-in-law of the student may also be taken as joint-borrower.

Margin:

No Margin

Maximum Loan Amount:

Rs 40.00 Lakh.

Security:

No collateral Security’ No third party guarantee, Assignment of future income of the student.

Comprehensive life insurance policy for the student availing Educational Loan to the minimum of loan amount for a minimum period of loan term (i.e., course period + moratorium period + repayment period) assigned in favour of the Bank.

One time premium based term policy for life of the student for entire tenure of loan to be considered for payment within the ceiling of sanctioned limit.

Rate of Interest:

Top 5 IIMs

  1. IIM Ahmedabad
  2. IIM, Bangalore
  3. IIM, Kolkata
  4. IIM, Indore
  5. IIM, Lucknow

Existing and Revised Rate of Interest for Top 5 IIMs is as under:

Existing ROI Revised ROI
Present
Repo
Rate
(Floating)
SPREAD Present ROI (%)
Risk Rating Premium Other Compo-
nent
Low & Medium Risk Low & Medium Risk
4.00 0.00 3.00 7.00
Present
Repo
Rate
(Floating)
SPREAD Present ROI (%)
Risk Rating Premium Other Compo-
nent
Low & Medium Risk Low & Medium Risk
4.00 0.00 2.85 6.85

ROI for all other IIMs & other Reputed Management Institutions, ROI will remain be;

Repo Rate+3%, i.e. 7%..

List of IIMs and 4 reputed Institutes

Sr. No IIMs
1 Indian Institute of Management, Ahmedabad,Gujrat
2 Indian Institute of Management, Bangalore, Karnataka
3 Indian Institute of Management, Kolkata, West Bengal
4 Indian Institute of Management, Indore, M.P and Mumbai Campus
5 Indian Institute of Management, Kashipur, Uttarakhand
6 Indian Institute of Management, Kozhikhode, Kerala
7 Indian Institute of Management, Lucknow, U.P
8 Indian Institute of Management, Raipur, Chattisgarh
9 Indian Institute of Management, Ranchi, Jharkhand
10 Indian Institute of Management, Rohtak, Haryana
11 Indian Institute of Management, Shillong, Meghalaya
12 Indian Institute of Management,  Trichhy, Tamil Nadu
13 Indian Institute of Management, Udaipur, Rajasthan
14 Indian Institute of Management, Amritsar , Punjab
15 Indian Institute of Management, Indore for IPM Programme and other similar Integrated 5 year programmes of IIMs.
16 Indian Institute of Management, Bodhgaya, Bihar
17 Indian Institute of Management, Nagpur
18 Indian Institute of Management, Sirmour
19 Indian Institute of Management, Visakhapatnam
20 Indian Institute of Management, Sambalpur
Sr. No OTHER REPUTED INSTITUTES  
1 Xavier Labour Relation Institute (XLRI), Jamshedpur.
2 Xavier University for Bhubaneswar Campus (XIMB).
3 SP Jain Institute of Management and Research (SPJMR), Mumbai.
4 Management Development Institute (MDI), Gurgaon
5 PGP/MBA Programme of IIT Delhi
6 PGP/MBA Programme of IIT Bombay
7 PGP/MBA Programme of IIT Roorkee
8 PGP/MBA Programme of IIT Madras
9 PGP/MBA Programme of IIT Kanpur

•Other Services and Information

Loan Application Forms

Loan type Forms
Application Form 1 for Loan of Rs.5 Crore to Rs.15 Crore Download Word Document Format
Download PDF Format
Application Form 2 for Loan of Rs.15 Crore to Rs.40 Crore Download Word Document Format
Download PDF Format
Application Form 3 for Loan of Rs.40 Crore and above Download Word Document Format
Download PDF Format
Standardised Common Loan Application Form for Agriculture Credit Download PDF Document Form
Common Application Form (Required for all loan schemes). Download Word Document Format
Download PDF Format
Cent Buy Download Word Document Format
Download PDF Format
Cent Computer Download Word Document Format
Download PDF Format
Cent Liquid Download Word Document Format
Download PDF Format
Cent Mortgage Download Word Document Format
Download PDF Format
Cent Trade Download Word Document Format
Download PDF Format
Cent Vyapari Download Word Document Format
Download PDF Format
Housing Loan Application Download Word Document Format
Download PDF Format
Cent Home Loan Plus Download Word Document Format
Download PDF Format
Cent Suvidha Download Word Document Format
Download PDF Format
Cent Vehicle Download Word Document Format
Download PDF Format
Cent Vidyarthi Download Word Document Format
Download PDF Format
Cent School Download Word Document Format
Download PDF Format
Teacher's Loan Download Word Document Format
Download PDF Format
Cent Rental Download Word Document Format
Download Word Document Format
Download PDF Format
Download PDF Format
Cent Doctor Download Word Document Format
Download PDF Format
Cent Swabhiman Download Word Document Format
Download PDF Format
Personal Loan for Pensioners Download Word Document Format
Download PDF Format
Personal Loan to Employees of Corporate Sector Download Word Document Format
Download PDF Format
Personal Loan to Employees of Non-Corporate Sector Download Word Document Format
Download PDF Format
Loan to LIC Agents Download Word Document Format
Download PDF Format
Loan to MSEs Download PDF Format
Cent Sahyog (form for upto 10 lakhs) Download PDF Format
Cent Sahyog (form for above 10 lakhs) Download PDF Format
Application for Agricultural Loans Download PDF Format
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