Entrepreneurship Development
Institute of India
An Acknowledged National Resource Organisation Engaged in
Entrepreneurship Education, Research, Training & Institution Building
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Fellow Programme in Management

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For International Candidates

Post Graduate Diploma in Management-Business Entrepreneurship (PGDM - BE)
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Entrepreneurship Development Institute of India
Educational Loan

AICTE Grant of Approval


Financial Institutions / Banks provide convenient educational loans for meritorious / deserving students to acquire knowledge and skills in the field of interest. Students pursuing their studies at EDI had availed educational loans from HDFC Bank, Corporation Bank & others. Students desirous to avail such facility may approach the concerned banks located in their hometowns and understand the procedural formalities.

The IDBI Bank Ltd. has specifically agreed to provide education loan facility to students seeking admission in the EDI's PGDM-BE.

Loan Amount Maximum Rs 10.00 Lac
Co-applicant Parent or Guardian

Both student and the co-applicant should execute the loan document

Documents Required

Applicant : Application Form, Passport Size Photograph, Age Proof, Address Proof and Identity Proof, Mark Sheets of Last Qualifying Examination, Proof of Admission in EDI, Scholarship, Schedule of Expenses for the Course

For salaried: Application Form, Passport Size Photograph, Age proof, Address proof and Identity Proof (2 nos) Latest Salary Slips along with Last 2 years Form 16
For Self Employed:
Last six months updated banking statements, talhati certificates and any other document desired by bank

Collateral Security

Up to Rs Four Lac: No security required

Between Rs 4 - 7.5 Lac Collateral security in the form of Third Party Guarantee

Above Rs 7.5 Lac: Collateral Security in the form of Land/Building, Govt Securities/Public Sector Bonds/Units of UTI,NSC, KVP, LIC Policy etc

Margin Money

Up to Rs 4 Lac – Nil

Above Rs 4 Lac – 5% of the total cost of the programme

Rate of Interest

Up to Rs 4 Lac: 12.25%

Above Rs 4 Lac: 12.50%
(Floating rate of interest will be charged)

Repayment Terms

Loan repayment is to be completed in maximum 84 months after commencement of repayment

Central Bank of India
Cent Vidyarthi
1 Purpose of Loan For pursuing higher studies, in India & Abroad
2 Eligibility Student should be an Indian National having secured admission to Professional/ Technical courses.
3 Maximum  loan amount `. 10.00 lacs for studies in India. `. 20.00 lacs for studies Abroad.
4 Margin Upto `. 4 lacs : NIL
Above `. 4 lacs In India – 5%, Abroad – 15%
5 Expenses considered for loan
  • For fee payable to School, College, Hostel, Examination, Library, Laboratory.
  • Purchase of Books, Computers, Equipments, Instruments, uniforms.
  • Travel expenses/passage money for studies abroad. Study tour, project work, and thesis.
  • Life Insurance premium for student borrower.
6 Rate of Interest (Currently Base Rate-10.00%) Type of Borrower ROI-Normal
Male Students Base Rate+2.00% = 12.00%
Female/SC/ST Candidates/IIT/IIM Base Rate+1.50% = 11.50%
7 Incentive
  • 1% interest concession, if interest is serviced during study period.
  • Interest is calculated at simple basis during study/moratorium period.
  • Interest subsidy during moratorium period.
8 Repayment Repayment to commence 12 months after completion of studies or 6 months after securing job whichever is earlier. Maximum period 5 to 7 years. Repayment on EMI basis.
9 Security  
       Up to `. 4 lakhs No security
       Above `. 4 lakhs and up to `. 7.5 lakhs A satisfactory third party Guarantee
       Above `. 7.5 lakhs Collateral security of suitable value
10 Processing Fees No Processing Fees
11 Special Features
  • Top up loans/ second loan can be considered for the same student to continue further education.
  • Reimbursement of Expenses at point No.3 if already incurred, within 1 month in India/6 weeks in abroad.

Note: Sanction of Education loan will be sole decision of Bank

Contact nearest branch of Bank or the following for further enquiry:

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