Entrepreneurship Development
Institute of India
An Acknowledged National Resource Organisation Engaged in
Entrepreneurship Education, Research, Training & Institution Building
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Specimen for Anti-Ragging Affidavit
For International Candidates

Post Graduate Diploma in Management-Business Entrepreneurship (PGDM - BE)
Brochure                         Application Form

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.

Credila HDFC Ltd. Company
Terms Product Details
Loan Amount Up to 10 Lakh
Tenure of the Loan 120 month after disbursement
  Rate of Interest Floating rate of Interest: 13.75% (Without collateral)
13.50% ( With Collateral )
One time Origination Fees 1% + ST
Insurance Cover Required
Main Co-borrower relationship accepted Father, Mother, Spouse, Brother
Main Co-borrower Locations Accepted Credila Location only
Main Co-borrower's Occupation Accepted Salaried/Self Employed/Others SENP to be charged 1% extra

Summary of the process to apply to Credila for Education Loan with Expected timelines:
Steps Process Owner Timeline
STEP 1: Application - After receiving the hard copy of the
application form and the below listed documents, Credila will start processing your loan application
Participant 1
Business Day
STEP 2: Verification - External agencies appointed by Credila will co-
ordinate with you to complete Residence and Employment verification of Participant and Additional Co- applicant
Credila Appointed external agencies 2-3
Business Days
STEP 3: Approval of Loan
(Note: Education Loan approval as per Credila's credit policy. Terms and conditions apply.)
Credila 3
Business Days
STEP 4: Agreement Signing
  • Signed Agreement with disbursement details annexure for all tranches
  • Need to Submit 7 SPDC's or security cheque (CTS 2010 standard only) and
  • 3 copies of ECS Form Authenticated by Bank
  • Insurance cover premium payment cheque
  • Origination Fee cheque
  Participant 2
Business Days
STEP 5: Disbursement
As per the disbursements details received from EDI, Credila will
transfer the education loan amount to the bank account specified, after taking confirmation from the participant via email
Credila 2
Business Days

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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