Congratulations on securing admission to FORE School of

Congratulations on securing admission to FORE School of Management, New Delhi for academic batch of 2020-22

Features of BOB Education Loan Scheme ‘Baroda Education Loan to Students of Premier Institution’:

Programs included PGDM, PGDM-IB (International Business) & PGFM-FM (Financial Management)

ROI* Current BRLLR i.e. 6.90% (RBI Repo Rate 4.0% + Mark Up 2.85% + Risk Premium .05%) Collateral Free Loan Up To 20 Lacs

EMI starts After “Course Period + 1year” i.e. moratorium period Repayment Period Moratorium Period +15 years Max (for Loan Above 7.5 Lacs)

Margin Nil Payment Method Directly to Institute

Expense Covered Tuition Fee + Living Expense + Other necessary expenses for completing the course

Processing Charges Nil Pre-Closure Charges Nil

*Effective ROI with INSURANCE is 6.85%, Effective ROI without INSURANCE is 6.90%

List of Documents for Education Loan Checklist of Documents (self-attested) to be submitted along-with duly filled Education Loan Application Form and Form No. 135. All documents to be self-attested by the applicant & co-applicant (wherever applicable) Applicant Co-Applicant

1 Application Form duly filled and signed by Applicant, Co-applicant (parents/guardians)

2 1 Photo on Application Form

3 Form-135 completely filled and signed with Photo (Net w orth proof - Any investment proof like- Insurance

Policy, MF, FDR etc., Permanent proof for residence- Electricity Bill/House Tax)

4 PAN Card, Adhaar Card, Passport, Voter ID

5 ITR/Form -16 (for last 2 years)

6 Salary Slips for 3 months / Balance Sheet and P&L

7 Last 6 months Bank Statement

8 Registration on Vidyalakshmi Portal by Student

9 Proof of Past academic record (Xth onw ards all Mark sheets/ Certificates Semester-wise)

10 Competitive Exam/Entrance Exam Score Card (CAT/GMAT/XAT etc.)

11 Confirmed Admission Letter from the institute, Fees Structure, Prospectus

12 If fees already paid (Copy of Fee Receipts)

13 If in service or having work experience (Work Experience Certificate/Joining letter/Relieving Letter)

14 In case of GAP in education, undertaking to be taken

Please also reach out to us on the below contact details for different locations across India to help you out.

We would request you to contact us for any queries at [email protected] to guide you further.

Education Loan Sanction Cell, 1st Floor, Bank of Baroda Building, 16 Sansad Marg, New Delhi-110001

Email: [email protected], Ph No. 011-23441487/91

Location Contact Person Contact No

NEW DELHI

(Education Loan Cell Contact No. 011-2344 1487/86/91)

Ms. Sushmita Sharma 8076332781

Mr. Sundar Singh 7827253766

Mr. Manish Jha 9818687852

Ms. Udisha Mishra 7080825773

Mr. Rohen Singh 7005136838

mailto:[email protected]


SBI Scholar Loan Facility for FORE School of Management (FSM) Students

I

Eligibility Sanction of Term Loan to Students (Indian Nationals) for pursuing higher education in India in the Selected Premier Institutions Education Loans for Students securing admission in the country’s best B Schools, Medical College, Engineering College, Law College and other reputed institutions Courses Covered Regular full time Degree/ Diploma Courses through entrance test/ selection process. Salient Features Loan at Designated Campus Branch for the respective Institution as per the convenience of the student/ parent Option to transfer loan account to a branch closer to the place of co-borrower (after the completion of course but before commencement of repayment) ATM cum Debit Card and Internet Banking Facility Second Education Loan for further higher studies provided the institution and cost of study fall within the criteria for Scholar Loans. Combined loan amount should not exceed the maximum permissible loan amount under SBI Scholar Loan Scheme. Margin Nil Processing Fee Nil

Loan Amount & Security Maximum Loan amount Rs. 20.00 Lacs without any tangible collateral security. In case of married person, co-obligator can be either spouse or the Parent (s) / Parent (s) in Law. Parent co-obligation can also be substituted by a suitable Third Party Guarantee Expenses Covered

Fees payable to college/ school/ hostel

Examination/ Library/ Laboratory Fees

Purchase of books/ Equipments/

Instruments

Caution Deposit/ Building Fund/

Refundable Deposit supported by

Institution Bills/ Receipts (not to exceed

10% of the Tuition Fees for the entire

course

Travel Expenses/ Expenses on Exchange

Programme.

Purchase of Computer/ Laptop

Any other Expenses related to Education

IT Exemption under Section 80E in respect of interest paid in all Education Loans. Repayment

Course Duration plus 12 months moratorium.

Repayment period up to 15 years

Interest Rates (MCLR (1 month)is 6.95% for May 2020) (effective Rate of interest with all concessions will be 0.5% above 1 month MCLR i.e 7.45 % p.a) Interest Rates will remain same for the entire course.

Documentation Required

Letter of Admission

Completely filled in Loan Application Form

3 recent passport size photographs of applicant & co applicant

PAN Card of the Student & Parent/ Guardian

Proof of Identity (Driving License/ Passport/ any photo identity)

Proof of Residence (Driving License/ Passport/ Electricity Bill/ Telephone Bill)

Statement of cost of study

Student & Co Borrower/ Guarantor’s Bank account statement for last 6 months

IT Return/ IT Assessment order of last 2 years of Parent/ Guardian/ other co-borrower

Brief statement of Assets & Liabilities of Parent/ Guardian/ other co borrower

Proof of income (i.e. Salary Slips/ Form 16 for 2 years) of Parent/ Guardian/ other co-borrower

Class X onwards certificates and mark sheets of student

If work Experience of Student: provide last 3 month Salary Slips, 6 month account statement and 2 years

Form 16 or Work Experience Certificate from the Company

One Rs. 100/- stamp paper and two Rs. 10/- stamp paper( detail please ask)

6 PDC of co-borrower.

FORE ID ( when received)

Bonafide certificate from FORE (when received)

For details please contact: Ms P.K Mondal State Bank of India, NCERT Campus, Sri Aurobindo Marg, New Delhi 110016 Ph.26961530 [email protected]

Mob:8754544779/9716257332/9354169423


FORE School Of Management

No. Parameters Details

1 Product code IND_PG

2 Name of The Educational Institute

FORE School Of Management, New Delhi

3 Course Name/s PG: MBA/PGDM

4 Applicable academic year 2020-2021

5 Loan amount Min Rs 1 Lakh and Max Up to Rs 40 Lakhs

6 Rate of Interest* PG: Unsecured 10.75% PG: Secured 10.50%

7 Processing fee 1%

8 Margin 5%

9 Repayment Type in Moratorium Simple Interest / EMI

10 Repayment Period after Moratorium

5 - 10 Years after Moratorium

11 Moratorium period Course Period + Six Months

12 Pre-payment Charges NIL

13 Collateral/Security 100% collateral for loan above 40 lakhs

14 Insurance ICICI Prudential/Lombard

15 Disbursement frequency As per Institute requirement

16 Co-borrower Relationships Accepted Father/Mother/Spouse/Brother/Sister/Parents In Law /Grand parents

17 Co-Borrower Locations Accepted As per the Bank’s Listed Location

18 Pre-payment & Part payment Available

19 Local Contact Name: Damyanti Roul Mobile#: 8802098810 Email: [email protected] Address ICICI: ICICI Bank Ltd., Videocon Tower Block E-1, Jhandewalan Extension Rani Jhansi Road,110055, Delhi (UT)

20 Central Contact Name: Sweety Shreya Email ID:[email protected]

21 Please Note: * Special Pricing is valid till till 31st May 2020 Information concerning any of the above rates of interest and other loan conditions are subject to change. All loan sanctions are subject to bank’s internal policy from time to time.



To,

FORE School of Management

Dear Sir,

We have great pleasure in extending our warm greetings to you and your team at FORE School of Management on

the occasion of the new academic year.

We are happy to inform you that, Axis Bank has customized a special Education Loan Product for the students of your

esteemed Institute.

Principal Moratorium available

No Prepayment Charges

Repayment Tenure as Long as 10 Years with a very low EMI

100% Tax Benefit for interest paid under Sec (80E)

Axis Bank Education Loan –Terms and Conditions

FORE School of Management, Delhi (Academic Year 2019-21)

No Parameters Details

1 Eligibility Student should be an Indian National & have secured admission on merit

basis through entrance test/selection process of the Institute.

2 Course Name PGDM & PGDM IB

3 Rate of Interest 11% Onwards (floating rate linked with MCLR rate)

4 Loan Amount Maximum Loan Amount of Rs. 25 Lakhs or the total cost of education

whichever is lower

5 Margin 5% Margin applicable on loan amount above 4 Lakhs

6 Processing Fees NA upto 25 Lakhs

7 Pre-payment Charge NIL

8 Pre Closure Penalty NIL

9 Repayment Type Interest Servicing During Course

10 Moratorium Period Course Period + Maximum of 12 months (optional)

11 Repayment Tenure Maximum 120 Months / 10 Years

12 Loan Disbursement To the Institute (FORE School of Management)

13 Co-Applicant i. Father

ii. Mother

iii. Brother or Sister

iv. Spouse or Parents in Law for Married Applicants

v. Grand Parents if parents are not there.

14 Insurance Life Insurance

15 Unsecured Loan Amount Unsecured Loan Amount up to Rs. 25 Lakhs.

16 Security Loans above Rs. 25 lakhs, collateral security applicable as per Axis Bank

norms

Axis Bank:

Mr. Ankit Jain , Contact :919654611713, Email ID: [email protected]

Mr. Deepak Kumar Contact: 917488314792 , Email ID : [email protected]

* Approval, Sanction and Disbursement Subject to Banks internal policy checks, process and eligibility. Version1_FORE_validity_2019-2021

