IBS Selection Process

7/28/2019 IBS Selection Process

1/28Selection Process 2013 1


2/28Selection Process 2013

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Candidates who are shortlisted for the MBA/ PGPMprogram based on their IBSAT 2012/ GMAT/ CAT scoresare called for the selection process conducted at nineIBS campuses namely IBS Ahmedabad, IBS Bangalore,IBS Dehradun, IBS Gurgaon, IBS Hyderabad, IBS Jaipur,IBS Kolkata, IBS Mumbai and IBS Pune.

The selection process is conducted for the following

programs of IBS:

MBA program offered by IBS Hyderabad,

IBS Dehradun and IBS Jaipur.

PhD program in Management offered by

IBS Hyderabad.

PGPM (Post Graduate program in Management)

program offered at IBS Ahmedabad, IBS Bangalore,

IBS Gurgaon, IBS Kolkata, IBS Mumbai and IBS

Pune.The admission decision is solely based on the overall

performance of the candidate. The composite score of

a candidate is arrived at based on the candidates past

academic record and performance in Group discussion

and Personal Interview.

Irrespective of where the candidates attend the

selection process, they are eligible for selection for the

campus based on their overall performance.

Candidates who are shortlisted for the PhD program

are called for the selection process at IBS Hyderabad

campus.Se

lection

Process

2013



How to reach

the Selection

process venue

SelectionProcess

Schedule

Registration for the

Selection Process

lSubmission of documents

lPersonal Data Form

lIssue of RegistrationCard

Selection

Process

- Group Discussion- Personal Interview- Criteria for selection- Score Card- Choosing the campus- Payment of Admission Fee- Waitlist allotments- Campus transfers

Eligibility

criteria

Preparatory

Classes

Registration

and Regular

classes

Address for

correspondence

Financing your

educationFee

Schedule



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The route maps of all the nine IBS

campuses where the selection

process is conducted are given on

pages 23 to 27.

The candidates have to report at

the selection process venue on the

date confirmed by them online by

9.00 a.m . The registration will be

closed by 9.30 a.m.

For any queries relating to reaching

the venue please contact the

respective IBS campus (contact

numbers with addresses are givenon back page of this booklet).

How to reach the Selection process venue

2

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Activity Timings

Registration 9.00 a.m. - 9.30 a.m.

Briefing 9.30 a.m. - 10.00 a.m.Group Discussion 10.00 a.m. onwards

Personal Interview 10.00 a.m. onwards

Selection Process Schedule



All the candidates have to register for the Selection

Process at 9.00 a.m. at the selection process venue on

the date confirmed by them by showing the selection

process call letter.

Submission of Documents

Candidates have to submit the following documents

at the registration counters on the day of selection

process:

Personal Data Form (Duly filled in with photo

affixed)

Xerox copies of marks sheets and certificates of

X, XII and graduation (Self attested).

Xerox copies of marks sheets and certificates of

Post Graduation/ Professional Qualification (Self

attested If applicable).

The candidates will not be permitted to attend the

selection process if they do not submit the above

documents.

Personal Data Form

Candidates are required to submit the duly filled in

personal data form with photo affixed at the time of

registration. The candidates will not be permitted

to register for selection process without submission

of the duly filled in personal data form. Candidates

should give a complete and true picture of themselves

in terms of their accomplishments, academic abilities

and plans for the future as the details provided are

carefully reviewed, and the admission decision is made

only after assessing all the information provided.

Candidates seeking admission to the MBA program

offered at IBS Hyderabad, IBS Dehradun and IBS Jaipur

and the PGPM program offered at IBS Ahmedabad,IBS Bangalore, IBS Gurgaon, IBS Kolkata, IBS Mumbai

and IBS Pune are advised to indicate their order of

preferences for all the nine campuses.

Issue of Registration Card

Candidates who submit the duly filled in personal data

form and self attested Xerox copies of their marks

sheets and certificates, will be registered and issued a

registration card which gives the details of events for

the day. The Registration Card should be retained bythe candidates till they leave the campus.

Registration for the Selection Process



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The selection process comprises of Group Discussion

and Personal Interview. The selection process generally

takes 3 4 hours from the commencement of briefing.

Hence the candidates are advised to plan their return

journey only after 6.00 pm.

Group Discussion

In the group discussion a topic will be announced to a

group of 8 candidates. The candidates will be given 15

minutes for the group discussion. After discussion each

candidate will be given an opportunity to summarize

his/ her opinion in a minute.

Depending on the individual contribution the candidates

attributes are assessed on various parameters like

expression, initiative, communication, analytical skills

and behavior in group.

Personal Interview

The personal interview is the final stage of the selection

process. The interview panel members are Directors,

Deans, Senior Faculty Members and Alumni. They will

interview the candidates for about 10 - 15 minutes.

The questions during the personal interview will focus

on assessing the attitude, aptitude and aspirations of

the applicant. The interview panel will also evaluate

the candidates general knowledge, communication

skills, clarity of thought and expression, and aptitude

for a career in management.

Criteria for selection and allotment ofseats

Admissions are strictly based on merit. A composite

score out of 100 is arrived at based on various

parameters. The weightages allotted to differentcomponents in the selection process are given in the

table:

Criteria Weightage (%)

a Past Academic Record

40

X Class Marks

XII Class Marks

Degree Marks

12

12

16

b Group Discussion 30

c Personal Inteview 30

Total Score 100

Score Card

The detailed score card indicating the percentile

secured in past academic record, Group Discussion

and Personal Interview will be provided on the website

www.ibsindia.org in the last week of March 2013.

The candidates can view their eligibility for selection

or waitlist for the campuses by logging in with the

admit card number as login id and date of birth as

password. A candidate may be eligible for selectionfor one campus and waitlisted for another campus.

Selection Process



Choosing the Campus

Based on the eligibility the candidate has the option

to choose the campus. The candidates have to

indicate their choice of the campus in the online

Campus Selection Form. On selecting the campus the

candidates will be provided an option to download the

selection letter and the fee remittance form.

Payment of Admission Fee

The candidates have to send the admission fee in the

form of demand draft with the fee remittance form

to the IBS Admission office by April 19, 2013. The

payment of fee within the due date is for reserving the

seat in the program. The fee received after the due

date will not be accepted.

Waitlist Allotments

The waitlist allotments will be done from April 22,

2013 onwards.

Campus transfers

Candidates are requested to note that there is no

facility for change of campus.

No canvassing

There are no management or NRI quotas. Candidates

and parents are strictly advised not to resort to any

canvassing directly or indirectly to support their

application. Canvassing or recommendation in any

form will be a serious disqualification.

Eligibility CriteriaFor MBA/ PGPM programs

Graduation in any discipline with a minimum of 50%

marks; with medium of instruction as English.

Candidates not meeting the eligibility criteria of English

medium at undergraduation level have to submit theTOEFL/NELT/IELTS score by May 31, 2013.

Minimum 15 years of regular education (10 + 2 +

3 or 10 +2 + 4). Candidates who have completed

their bachelor degree by part time or through distance

education or on a one-time sitting basis or on a 2-year

basis are not eligible for admission. For the purpose

of determining eligibility based on the percentage

of marks, the procedure used by the respective

university in award of the degree will only be taken

into consideration.Candidates who are in their final year bachelors

degree courses are eligible to participate in selection

process, provided they complete their graduation

requirements (including practical examinations/viva/

assignments/ backlogs) before May 31, 2013.

For candidates whose degree results are not yet

declared, the admission will remain provisional until

they produce marks sheets and degree certificates

establishing their eligibility. The last date for submitting

proof of graduation is November 01, 2013. Candidateswho do not meet the eligibility criterion of scoring a

minimum of 50% in graduation can apply for refund of

75% of the first installment of tuition fee paid.



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Eligibility criteria will be checked from August, 2013

onwards. Hence, the onus of ensuring that they satisfy

the eligibility criteria rests solely with the candidates.

Any inaccurate information, misleading information or

omission will cause for the withdrawal of admission

offer and the fee paid by the candidate is non refundablein such instance. For any clarification on eligibility

criteria please contact IBS Admission Office only.

Eligibility Criteria for PhD Program

Post Graduate in management or Professional

qualifications like CFA, CA, ICWA and CS with 60%

and above marks.

Candidates not meeting the eligibility criteria of English

medium in graduation and/ or post graduation have

to submit the TOEFL/NELT/ IELTS score by May 31,

2013.

Minimum 17 years of regular education (10 + 2 + 3 +

2 or 10 +2 + 4 + 2). Candidates who have completedtheir bachelor s or post graduate degree by part time

or through distance education or on a one-time sitting

basis or on a 2-year basis are not eligible for admission

into the program. For the purpose of determining

eligibility based on the percentage of marks, the

procedure used by the respective university in award

of the degree will only be taken into consideration.

Preparatory ClassesThe preparatory classes for the MBA/ PGPM program

are organized on topics like Case methodology,

Business mathematics, Basics of accounting, Computer

skills, Communication and Presentation skills and other

activities pertaining to business studies to bring all the

students on to a common platform.

The preparatory classes will commence on June

03, 2013 at all IBS campuses. In case of any genuine

difficulty (like final year examinations) in attending the

preparatory classes, you should immediately send a

written request to the campus head (of your allottedcampus) requesting for exemption.

Registration & Regular ClassesRegular classes will commence on June 17, 2013 at allIBS campuses.

All the selected candidates are mandatorily required to

report at the allotted campus on the registration date

and submit the first installment of fee along with self-

attested photocopies of Class X, Class XII, graduation

and post graduation (if applicable) certificates and

marks sheets and show original certificates and marks

sheets for verification.

The candidates who are in their final year of graduation

and whose results have not yet been declared have

to submit the marks sheets of the previous years of

study.

Address for CorrespondenceCandidates are required to address all their correspondence to: Admissions Officer, IBS Admissions Office, Ground

Floor, # 65,Nagarjuna Hills, Punjagutta, Hyderabad - 500 082, AP, India. Telephone Board: + 91-40-2344 0963;

Toll Free No: 1800 425 2124 E-mail: [email protected]

Correspondence sent to any other address may not elicit any response

Fee ScheduleMBA / PGPM Program

Due Date Installment IBS Hyderabad

IBS Ahmedabad, IBS Bangalore,

IBS Gurgaon, IBS Kolkata,

IBS Mumbai, IBS Pune

IBS Dehradun,

IBS Jaipur

April 19, 2013 Admission Fee 80,000 80,000 80000

June 17, 2013 I 2,24,000 1,24,000 84000

October 28, 2013 II 2,24,000 1,24,000 84000

March 10, 2014 III 2,24,000 1,24,000 84000

June 16, 2014 IV 2,24,000 1,24,000 84000

October 27, 2014 V 2,24,000 1,24,000 84000

Total 12,00,000 7,00,000 5,00,000

(Amount in Rupees)



Laptops: The candidates are expected to get theirown laptops when reporting at the campus.

Living Expenses: The MBA program at IBSHyderabad is a fully residential program. The students

have to pay hostel accommodation fee of`60,000

per annum. The mess expenses will approximately be

`4,500 per month.

Hostel facility is not available at other IBS campuses.

However campus administration will assist the students

in getting a suitable off campus accommodation near

by the campus. The living expenses in these cities vary

from`5,000 `10,000 per month.

The Ph.D Program in Management (Full time)

All the candidates who join the program are given

100% Tuition Fee waiver subject to certain regulations.

However, they have to pay admission fee of`40,000

on or before April 19, 2013.

The Ph.D Program in Management (Part time)

All the candidates who join the program have

to pay admission fee of` 40,000 on or before

April 19, 2013.

The tuition fee of`60,000 per semester is to be paid

for 8 semesters. The first installment of tuition fee is

to be paid on June 17, 2013. The detailed fee schedule

will be given in the selection letter.

Living Expenses: This PhD program (Full time/ Parttime) is a fully residential program. The students have

to pay hostel accommodation fee of` 60,000 per

annum. The mess expenses will be extra.

Financing your education @ IBSThe time, effort and money you spend in earning a

postgraduate qualification in management can be

one of the most important investments you will

ever make. The returns from this investment can be

measured in terms of enhanced career opportunities,

self-confidence and success in life. Clearly, it is aninvestment with the potential for high returns for a

long time to come.

Obtaining the required finance for post graduation in

management education may be a source of anxiety

unless it is carefully planned. This booklet describes the

various options available for financing your education

at IBS campuses.

Most of the students pursuing programs at IBS have

financed their education through educational loans

from various public sector and private sector banksand financial institutions which are listed below:

Private Banks / Financial Institutions:

HDFC Bank

CREDILA Financial Services

IBS has entered into MOU (Memorandum of

Understanding) with CREDILA Financial Services (An

HDFC Ltd. Company) for providing educational loans

to students in India and abroad.



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Public Sector Banks

State Bank of India, Punjab National Bank, Andhra

Bank, Oriental Bank of Commerce, Bank of Baroda,

Canara Bank, Corporation Bank, Syndicate Bank,

Central Bank of India, State Bank of Bikaner & Jaipur,

State Bank of Hyderabad, Bank of Maharashtra, Bank

of India, UCO Bank, Allahabad Bank.

Bridge Loan Facility

IBS offers bridge loan to students admitted into

the IBS programs till they receive the sanction and

disbursement of an educational loan from a bank.

Students are required to pay the admission fee bythe specified date from their own resources. The

bridge loan facility is available for the first installment

of tuition fee and not for any subsequent installments

due on future dates.

Under the bridge loan facility, IBS will accept four

postdated cheques (PDCs). IBS Students may utilize

the bridge loan facility until the sanction of bank loan.The details would be provided in the selection letter.

Stipendiary Assignment Program

The Stipendiary Assignment Program is a unique

program designed for the benefit of students to obtain

practical work experience while studying. Students

who are interested in joining this program will be

given required training prior to being inducted into the

program. Students get an opportunity to work on a

part time basis, promoting various knowledge products

(flexible learning programs, full-time programs and

publications).

Stipendiary Assignment Program is a voluntary program

and offers practical exposure, skill-development

opportunities, and regular performance based stipend

with attractive incentives. Over 2,000 students are

currently in the Stipendiary Assignment Program.



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Steps in Financing Your Education

Step 1: Do the calculationsStart, by figuring out, how much your program will cost.

Consider the sources of funds available to you for financing your study.

Determine how much your family can contribute.

The difference between the estimated cost of your education and your familys expected

contribution is the amount of financial aid you will need.

Step 2: Consider your options for obtaining financial aid:Student loan from a bank.

Other sources of financial aid such as the Stipendiary Assignment Program.

Step 3:Apply for financial aid. Identify the source of funding and submit application.

Example

The following table gives an indication of the estimated expenditure for a fee of 12 lakhs and sources of

funds available for financing post graduation education.

Estimated Expenditure

Sources of Funds

Details Amount (in `) Details Amount (in `)

Total Fee 12,00,000 Bank loan up to 10,00,000

Other expenses for two years (Living

expenses, books & stationary) -Estimated

2,00,000 Family Contribution

up to

4,00,000

Total Estimated Expenditure 14,00,000 Total Sources of

Funds

14,00,000

From this, it is evident that to supplement students resources to finance their study, there are morethan adequate sources of funds available to cover the total estimated expenditure.

The details of terms & conditions and interest rates offered by various Public and Private Sector Banks

are provided in subsequent pages. If you have any questions related to bank loans, please feel free

to contact: Financial Aid Facilitation Cell, IBS Admission Office, No: 65, Nagarjuna Hills, Punjagutta,

Hyderabad 500082. Tel: +91-40-2344 0963; E-mail: [email protected]



HDFC Bank

Student Eligibility: Students admitted for 2 year Post

Graduate Program in Management/MBA Program, at

various campuses of IBS in India.

Rate of Interest 13.5%*

Margin Nil up to`4 lac

5% for loans above `4 lacs

Security No Security up to Rs.7.5 lac of loan. For more

than Rs.7.5 lakhs, Security must be in the form of

Residential Property / Fixed Deposit with HDFC Bank/

NSC/KVP.

Processing Charges - NIL -

Co-borrower Parent / Guardian / Spouse/ Brother /

Sister / Family relative.Documents Required Student: Admission offer letter

with fees schedule / details, Marksheets of 10th, 12th,

graduation up to latest qualification along with degree

certificate upto latest qualification. Photo ID and signature

verification proof: any one out of pass port, pan card, etc,

residence proof: any one out of latest utility bill, pass port,

ration card, etc.

Co applicant: Income proof of parents, assets and liabilities

statement of parent/guarantor, if any. Six months update

bank statement. Photo ID and signature verification proof:any one out of pass port, pan card, etc, residence proof:

any one out of latest utility bill, pass port, ration card, etc.

* Conditions apply

Credit at the sole discretion of HDFC Bank Ltd.



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Dear students,

Please accept my heartiest congratulations on your interest

to pursue Post Graduate Program in Management at IBS, one

of the most vibrant management institutions of India!

At Credila, we understand that this is the most critical part

of your life and even as an initiated individual of generation

next, getting in to a good institute is the most important

stepping stone for your future.

Moreover, the fact that each student comes from a diverse

background and has specific requirements of education, skills

and competencies to make a mark in the corporate world,

quality of education and choice of institute becomes vital for

success.

Also the financial requirements vary from student to student

based on their aspirations, objectives and backgrounds.Hence, we intend to work very closely with students and

their families to get the ideally suited educational loan

product e.g. required loan amount, flexible repayment terms

etc.

Money paid for education is the best investment anyone

can ever make. Availability of the education loan, at the

appropriate time, can make your dreams come true. Credila

intends to help deserving bright young Indians like you to

achieve their dreams!

Please visit our website www.credila.com to know more and

apply online.

For more information please call us at

toll free no. 1-800-209-3636.

You can also write to us on [email protected].

Alternatively, SMS CREDILA to 53636.

Sincerely,

Prashant A. Bhonsle

Country Head, Credila Financial Services

Education loan at your doorsteps!

CREDILA - An HDFC Ltd. Company

Eligibility

Students admitted for 2 year Post Graduate Program in

Management/MBA Program at various campuses of IBS in

India.

Loan Amount

Minimum of`1 Lakh - Maximum of`10 Lakhs

Margin

NIL

Security

Non Agricultural Land, House, Bungalow, Flat, LIC, Fixed

Deposit, NSC and KVP are accepted as Security. Security

located other than student or co-borrower location canbe accepted. Security amount starting from 10% of Loan

amount is required.

Interest

12.50% to 14.25%

Repayment Period

For Full Time Courses - Simple interest repayment during

tenure of course and then Interest + Principal for 36, 48,

60, 72, 84, 96 months as given by Credila

For Part Time Courses - Immediately Interest + Principal

repayment for 48,60 and 72 monthsCo-Borrower

Father, Mother, Brother, Sister, Spouse, Cousin, Paternal

Uncle, Paternal Aunt, Maternal Uncle, Maternal Aunt,

Grandfather, Grandmother and any other relative can be a

Co-borrower. Co-borrower can be from any part of India.

More than one co-borrower accepted



State Bank of India

Student Eligibility

Should be an Indian National. Should have secured admissioninto management courses in a foreign/Indian university

through entrance test/ selection process.

Loan Amount

Need based finance, subject to the repaying capacity of the

parents/students with margin and amount of the loan as

specified by the bank.

Studies in India: Maximum ` 10 lakhs

Studies Abroad: Maximum ` 20 lakhs

Rate of Interest

Up to`4 lakhs: 13.25%

`4 lakhs to`7.5 lakhs: 13.00%

Above`7.5 lakhs: 11.75%

Margin

Up to`4 lakhs: Nil

Above`4 lakhs: 5% for study in India (95% funding

Abroad: 15%

Security

Up to`4 Lakhs: Nil

`4 lakhs -`7. 5 lakhs: Third Party Guarantee

Above`7.5 lakhs - Tangible collateral security for full value

of the loan.

Repayment

Repayment Moratorium: Course period plus 12 months or 6

months after getting a job whichever is earlier as prescribed

by the bank. The loan is to be repaid in 5 - 7 years after

commencement of repayment.

Documents Required

Marksheet of last qualifying examination, copies of letterconferring scholarship, proof of admission, schedule of

expenses, bank account statement for the last six months,

address proof, income proof, signature identification

from bankers of borrowers/ guarantors, 2 passport size

photographs, statement of assets and liabilities.

Concession 0.50% for Girl students

Punjab National Bank

Student Eligibility

Should be an Indian National. Should have securedadmission into management courses in a foreign/Indian

university through entrance test/ selection process.

Loan Amount

Need based finance, subject to the repaying capacity of the

parents/students with margin and the following ceilings:

Studies in India: Maximum`10 lakhs

Studies Abroad: Maximum`20 lakhs

Rate of Interest

Upto`4 lakhs: 13.50%

Above`4 lakhs: 14.50%

Above`7.50 lakhs: 14.00%.

ForGirlstudents0.50%concession

Margin

Upto`4 lakhs: Nil

Above`4 lakhs: 5% (Studies in India)

Security

Upto`4 lakhs: Nil

`4 lakhs-`7.5 lakhs : Third party Guarantee acceptableto bank

Above`7. 5 lakhs : Collateral security of suitable value or

suitable third party guarantee.

Repayment

Repayment Holiday/Moratorium: Course period + 1 year

or 6 months after getting a job whichever is earlier. The

principal and interest is to be repaid in 5 - 7 years after


Documents Required

Copies of certificates with regard to educationalqualifications, admission letter, quotation from college

authority stating coverage of expenses, income proof of

parent,

* Subject to change periodically.



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Andhra Bank

Student Eligibility

Student Eligibility

Should be an Indian National. Should have secured

admission into management courses in a foreign/Indian

University through entrance test/Selection process.

Loan Amount

Need based finance subject to repaying capacity of the

parent/students.

Studies in India : Maximum`10 lakhs

Studies Abroad : Maximum`20 lakhs

Rate of Interest

For Male Students: 13.25%

For Female Students: 12.75%

Margin

Upto`4 lakhs: Nil

Above`4 laksh: 5% (Studies in India)

Security

Upto`4 lakhs: Nil

`4 lakhs-`7.5 lakhs : Co-obligation of parent/guardian/

Third party Guarantee acceptable to bank.

Above`7.5 lakhs: Tangible security of suitable value

besides co-obligation of parent. Parent co-obligation and

assignment of future income.

Repayment

Repayment Moratorium: Course period + 1 year, or

six months after getting a job, whichever is earlier. The

loan is to be repaid in 5-7 years after commencement of

repayment.

Documents Required

Mark sheet of last qualifying examination, copies of letter

conferring scholarship, proof of admission, schedule ofexpenses, bank account statement for the last six months,

address proof, income proof, etc.

Oriental Bank of Commerce

Student Eligibility

Indian Nationals not above 45 years of age, who have

secured admission in a recognized course of an approveduniversity.

Loan Amount

Education in India: Max.`10 lakhs

Education Abroad: Max.`20 lakhs

Rate of Interest

Upto`4 lakhs: 12.90% p.a.


Above`7.5 lakhs: 12.90% p.a.

(0.5% concession for women beneficiaries)

Margin

Upto`4 lakhs: Nil

Above`4 lakhs : 5% (Education in India)

Security

Upto`4 lakhs: No collateral security required. Co -

obligation of parents/ guardian is must. No collateral

security required.

`4 lakhs -`7. 5 lakhs: Co-obligation of parents/

guardians is must. One satisfactory third party guarantee.Above`7.5 lakhs: Co-obligation of parents/ guardian

is obligatory. Mortgage of immovable property or any

other tangible security like pledge of NSC/LIC/Bonds etc.,

having value (surrender value) at least equal to 100% of

loan. Extension of charge on property already mortgaged

subject to adequate residual value of security.

Repayment

Within 84 EMIs commencing 12 months after course or 6

months after getting the job, whichever is earlier.

Documents Required

Copies of certificates with regard to educational

qualifications, admission letter, quotation from college


parent, assets and liabilities statement of parent/guarantor,

if any.



Bank of Baroda

Student Eligibility

Should be a resident of India. Secured admission through

Entrance Test/ Merit based selection process.

Loan Amount

Need based subject to repayment capacity of parent/

student, based or the expected income to be generated

after completion of the course.



Rate of Interest

Upto`4 lakhs: 13.00% p.a. at present.


Above`7.5 lakhs: 14.00% p.a.

1% concession for girl students. Simple interest at monthly

rests during the repayment holiday period. 1% concession

is provided if interest debited during repayment holiday is

serviced.

Margin

Upto`4 lakhs - Nil

Above`4 lakhs: 5%. Scholarship/assistantship if any

received to be included in the margin. Margin may be

brought in on year to year basis as and when disbursementare made on a prorate basis.

Security

Upto`4 lakhs - Nil

`4 lakhs -`7.5 lakhs - Collateral in the form of a suitable

third party/ guarantee along with assignment of future

income.

Above`7.5 lakhs - Tangible Security equal to 100% loan

amount.

Repayment

Repayment holiday - course period + 1 year. The loan isrepayable in 5 - 7 years after the above period.

Co-obligation

The loan document should be executed by both the

student (in case student is major) and the parent/guardian

as joint borrower.

Documents Required




parent, assets and liabilities statement of parent/guarantor,if any.

Canara Bank

Student Eligibility


admission in management courses in a foreign/Indianuniversity through entrance test/ selection process.

Loan Amount



Rate of Interest



Above`7.5 lakhs: 13.50%. For Girl Students 1%

concession.

Margin

Upto`4 lakhs: No Margin

Above`4 lakhs: 5.00%.

Security

Upto`4 lakhs: No security loan in the joint names of

student & parent assignment of future income of the

student.

Above`4 lakhs -`7. 5 lakhs: For meritorious student :

Satisfactory third party Guarantee Assignment of future

income of the student.

Above`7.5 lakhs -`10 lakhs: Collateral Security to the

extent of 100%.

Repayment

In 5 to 6 years in EMIs. Repayment starts one year

after completion of course or six months after getting

employment whichever is earlier. Simple interest

calculated during the repayment holiday will be added to

principal and EMI is calculated.

Documents Required

Copies of certificates with regard to educationalqualifications, admission letter, quotation from college


parent,



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Corporation Bank

Student Eligibility

Applicant should be an Indian National and should have

secured admission in professional/technical coursesthrough entrance test/merit - based selection process in

India or abroad.

Loan Amount

Need based finance, subject to the repaying capacity of

the parents/students with following ceilings:

Studies in India: Max`10 lakhs

Studies Abroad: Max`20 lakhs.

Rate of Interest

Upto`4 lakhs : 12.10%.

`4 to 7.5 lakhs: 13.10% p.a.

Above`7.5 lakhs: 12.60%

Margin

Upto`4 lakhs: Nil

Above`4 lakhs: Studies in India: 5%

Security

Upto`4 lakhs: Nil

`4 lakhs-`7. 5 lakhs: Collateral in the form of

satisfactory third party guarantee.

Above`7. 5 lakhs: Tangible Collateral security of

suitable value or third party guarantee along with the

assignment of future income of the student for payment

of installments.

Repayment

Repayment Moratorium: Course period plus + one year

or 6 months after getting a job, whichever is earlier. The

loan is to be repaid in 5 - 7 years after commencement of

repayment. 1% interest concession to be extended if the

interest is serviced promptly as and when debited during

study period.

Documents Required



authority stating coverage of expenses, income proof

of parent, assets and liabilities statement of parent/

guarantor, if any.

Syndicate Bank

Student Eligibility


admission in management courses of IBS.

Loan Amount


the parents/students with margin and amount of the loan

as specified by the bank.



Rate of Interest


Above`4 lakhs: 11.75%. For Girl students 0.50%concession

Margin

Upto`4 lakhs: Nil

`4 lakhs -`7.5 lakhs: 5%

Above`7.5 lakhs:15%

Security

Upto`4 lakhs: Nil

`4 lakhs -`7. 5 lakhs: Third Party Guarantee acceptable

to Bank having adequate net worth.

Above`7.5 lakhs: Collateral security equal to 125% of

loan amount.

Repayment

Repayment Moratorium: Course period +1 year, or

six months after getting a job whichever is earlier as

prescribed by the bank. The loan is to be repaid in 5 - 7

years after commencement of repayment.

Documents Required

Marksheet of last qualifying examination, copies of letter

conferring scholarship, proof of admission, schedule ofexpenses, bank account statement for the last six months,




Central Bank of India

Student Eligibility


admission into management courses in a foreign/Indianuniversity through entrance test/ selection process.

Loan Amount


the parents/students with margin and amount of the loan

as specified by the bank.



Rate of Interest



Margin

Upto`4 lakhs : Nil

Above`4 lakhs : 5% for study in India

Security

Upto`4 lakhs : Nil

`4 lakhs -`7. 5 lakhs: Third Party Guarantee

Above`7.5 lakhs : Collateral Security in the form of

suitable value or suitable third party guarantee alongwith the assignment of future income of the students for

payment of installments.

Repayment

Repayment Moratorium: Course period plus 12 months

or 6 months after getting a job whichever is earlier as

prescribed by the bank. The loan is to be repaid in 5 - 7


Documents Required


conferring scholarship, proof of admission, schedule of



State Bank of Bikaner and Jaipur

Student Eligibility

Should be an Indian National. Secured admission to

professional course through selection process or on merit.

Loan Amount

Maximum Loan: Studies in India:`10 lakhs

Studies Abroad:`20 lakhs.

Rate of Interest

Upto`4 lakhs: 13.25%.

Above`4 lakhs: 13.00% p.a. For girl students 0.5%

concession.

Margin

Upto`4 lakhs: Nil

Above`4 lakhs in India : 5%

Abroad : 15%

Security

Upto`4 lakhs: Nil

Above`4 lakhs -`7.5 lakhs: Third party guarantee

Above`7.5 lakhs : Tangible Collateral Security

Repayment

Repayment holiday/ Course Period + 1year or 6 monthsafter getting job, whichever is earlier. The loan is to be

repaid 5 - 7 years after repayment holiday.

Documents Required





if any.



20

State Bank of Hyderabad

Student Eligibility


admission in Professional/technical course through

Entrance test/ Selection process. Secured admission in

foreign University/Institution.

Loan Amount

Need based finance subject to repaying capacity of parents

/ students with following ceilings:



Rate of Interest



Margin

Upto`4 lakhs : Nil

Above`4 lakhs : Studies in India : 5% Studies Abroad :

15%

Security

Upto`4 lakhs: No Security (Co-obligation of parent/

guardian is compulsory)

`4 lakhs -`7. 5 lakhs: Collateral in the form of

satisfactory third party Guarantee

Above`7.5 lakhs: Collateral Security of suitable value or

Co-obligation of parents/ guardian/third party guarantee

along with the assignment of future income of student for


Repayment

Course period plus 12 months or 6 months after getting

a job whichever is earlier as prescribed by the bank. The


repayment.Documents Required


conferring scholarship, proof of admission, schedule of


address proof, income proof, etc

Bank of India

Student Eligibility

Student should be Indian National having secured

admission at College/Universities/ Institutes in India/

Abroad for pursuing Professional/Technical Courses

through an Entrance Test/ Merit based selection Process,

having good academic record.

Courses Eligible

Graduation, Post Graduation, Professional Courses,

MBA,ICWA,CA,CSA,IIT,MBBS, B.Tech, Merchant Navy etc.

Loan Amount

Max.`10 lakhs for studies in India.

Max.`20 lakhs for studies Abroad.

Rate of Interest

Upto`7.5 lakhs: 13.50%.

Above`7.5 lakhs: 13.00% (Concession of 05 -1% for

women beneficiaries)

Margin

Upto`4 lakhs: Nil

Above`4 lakhs: In India - 5%; Abroad - 15%

Security

Upto`4 lakhs : Nil.

`4 lakhs -`7.5 lakhs : Collateral Security in the form of

suitable third party guarantee.

Above`7.5 lakhs : Collateral Security in the form of

suitable value and suitable third party guarantee along

with the assignment of future income of the students for


Repayment

Course Period + 1 year or 6 months after getting

Job whichever is earlier. Max. 84 months excluding

moratorium.

Documents Required





if any.



Bank of Maharashtra

Student Eligibility

The applicant should be an Indian National. He should

have secured admission into professional / technical

courses through entrance test/ Merit based selection

process. He should have secured admission in foreign

University/Institutions.

Loan Amount





Rate of Interest



Margin

Upto`4 lakhs : Nil

Above`4 lakhs: Studies in India - 5% Studies Abroad -

15%

Security

Upto`4 lakhs: Nil

`4 lakhs -`7.5 lakhs : Collateral in the form of a


Above ` 7.5 lakhs: value of collateral security equal to

amount of loan. Additional 2 guarantors acceptable to

Bank

Repayment

The applicant will get a repayment holiday of one year

after completion of the course or 6 months after getting a

job whichever is earlier. The loan is then to be repaid in 5


Documents Required





if any.

UCO Bank

Student Eligibility

Student should be Indian National having secured

admission to professional /technical course through

Entrance Test / Selection Process. Secured admission in

foreign University / Institution. No maximum or minimum

income is prescribed for parents / family.

Loan Amount





Rate of Interest



Margin

Upto`4 lakhs: Nil

Above`4 lakhs: Studies in India - 5% Studies Abroad -

15%

Security

Upto`4 lakhs - No security

Above`4 lakhs - Collateral securities by way of suitable

third party guarantee or tangible security equivalent to

loan amount.

Repayment

The loan will be repaid in 5 - 7 years after commencement

of repayment. There will be moratorium for repayment

during the course period + 1 year or 6 months after

getting job, whichever is earlier. 1% interest concession

may be provided, if the interest is serviced during

moratorium period.

Documents RequiredCopies of certificates with regard to educational




if any.



22

Allahabad Bank

Student Eligibility

Applicant should be an Indian National and should havesecured admission in professional/ technical courses

through entrance test/merit - based selection process in

India or abroad.

Quantum of Finance



Rate of Interest



Margin

Up to`4 lakhs : Nil

Above`4 lakhs: Studies in India : 5% Studies Abroad :

15%

Security

Up to`4 lakhs: Nil

`4 lakhs -`7.5 lakhs: Third Party Guarantee &

Co-obligation required

Above`7.5 lakhs: Tangible Collateral Security 100%

Repayment

The loan is to be repaid in 5 - 7 years after


Moratorium

Course Period + one year or 6 months after getting a job

whichever is earlier as prescribed by the bank.

Documents Required

Admission letter, fee structure, Permanent residential

proof, PAN, Co-obligants employment particulars, IT

returns if available, Agriculture income and Assets &

Liabilities, statements of Co-obligant/guardian.

Indian Bank

Student Eligibility

Applicant should be an Indian National and should havesecured admission in professional/technical courses

through entrance test/merit - based selection process in

India or abroad.

Loan Amount


the parents/students with following ceilings:

Studies in India: Max`10 lakhs

Studies Abroad: Max`20 lakhs.

Rate of Interest

Upto`4 lakhs : 14.50%.


Margin

Upto`4 lakhs: Nil

Above`4 lakhs: Studies in India: 5%

Security

Upto`4 lakhs: Nil

`4 lakhs-`7. 5 lakhs: Collateral in the form of


Above`7.5 lakhs: Tangible Collateral security of

suitable value or third party guarantee along with the

assignment of future income of the student for payment of

installments.

Repayment

Repayment Moratorium: Course period plus + one year

or 6 months after getting a job, whichever is earlier. The


repayment. 1% interest concession to be extended if the

interest is serviced promptly as and when debited during

study period.

Documents Required





if any.



Route Map to IBS Campuses


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IBS-AhmedabadNear GNFC Info Tower, Near Grand BhagwatiHotel, Sarkhej Gandhinagar Highway,Bodakev, Ahmedabad - 380054.Phone: 079- 26850148

IBS-BangaloreNo:231, Baba Sabarapalya,Near Check Post, Next HP Petrol Bunk,Mysore Road, Kengeri, Bangalore - 560060.Phone: 080-65703943

IBS-DehradunRajawala Road, Central Hope Town,Selaqui, Dehradun - 248197Phone: 0135-30033082

IBS-GurgaonIDPL Complex ,Old Delhi-Gurgaon Road,Dundahera, Gurgaon - 122016.Phone: 0124-4980950

IBS-HyderabadDonthanapally, Shankarpalli Road,Hyderabad - 501203 (AP)Phone: 08417-236661/62/63,

IBS-Jaipur

Agra Road, Jamdoli,Near Cambay Golf Resort, Jaipur-302 031,Phone: 9829024490

IBS-KolkataWDC Building, J3, Block GP Sector-V,Salt Lake City, Kolkata - 700091.Phone: 033-23577125

IBS-MumbaiHiranandani Knowledge Park,

Opp. Hiranandani Hospital,Off.Technology Street, Hiranandani Gardens,Powai, Mumbai-400076Phone: 022-40434343

IBS-PunePlot No. 5, Equity Tower, Sanghvi Nagar,D P Road, Aundh, Pune - 411 007.Phone: 020-25889638/51, 25898121/23

IBS

Camp

uses

IBS Selection Process

Documents

Transcript of IBS Selection Process