Ref: Prop/NMIMS/20/12/2013

Date:20-Dec-2013

To,
Narsee Monjee Institute of Management Studies (NMIMS)
V.L.Mehta Road, Vile Parle (W),
Mumbai - 400 056, Maharashtra, India
Dear Sir,
SUB:Education Finance Assistance (Education Loans) for the students of NMIMS
We thank you for providing us the time during our visit to your office and opportunity to present AVANSE education
finance scheme for the students of your Institute. The Special proposed Education Loan Scheme is as mentioned
below: Special Education Loan Scheme for students of NMIMS:

No Parameter

Details

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Must be an Indian National /Indian Passport Holders/NRIs with OCR card.

Admission Fees/Tuition Fees/Hostel Fees/Travelling Expense/Insurance Premium/Books &
Laptop/Library, Laboratory Fees/Project Cost/Initial Fees Paid for acceptance of admission.
MBA Regular, MBA Banking, MBA Capital Markets, MBA HR , MBA Entrepreneurship &
Family Business, MBA Pharmaceuticals Management
17 Lakhs (Seventeen Lakh) ( 15 Lakhs Fees + 3 Lakhs Living)
No Security or Loan without collateral. Only Co borrower obligation. If security provided ROI
would be less by 0.25% (12.25%).
12.50% for all Unsecured Loans and for Secured Loan still 0.25% less
Floating in Nature.
No Margin Money, 100% amount funded as loan.
Flexible from 12 Months to 120 Months.

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5

Eligibility
Available for (Cost
Cover)
Name of the
Courses
Amount
Security

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8
9
10

Rate of Interest
Type of Rate ROI
Margin
Repayment Period
Repayment Type

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Moratorium
Co-Borrower
Disbursement

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15

Processing Charges
Penal Interest

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Other Terms &

Conditions

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Processing and
Contact Details

-MI (Monthly Installments)

-Simple Interest/Partial Interest Payment
-Step Up EMI options
Course Period Plus 6-9 Months [Interest to be serviced during Moratorium]

-Father/Mother/Brother/Sister/Spouse/Paternal & Maternal Uncle.

Made Directly to NMIMS of Tuition Fees, & Living Expenses to the Student/ Applicants
account if staying in PG.
5000+ST
As per the Company Policy, charges prevailing during that time.
http://www.avanse.com/resources/service-charges-fees/
All the Locations Serviced by AVANSE and DHFL
Insurance Policy AVANSE Protect is a must for unsecured Loans.
Loan Processing within 7 working Days if all parties to loan in same City.
Mr Bhaven Udeshi: Email: Bhaven.Udeshi@avanse.com ; Cell #: +91 9167877403,
Phone: +91 22 71112261
Avanse Financial Services Pvt. Ltd
Gr.Floor, Madhava Building,
Bandra Kurla Complex, Near Family Court,
Bandra East, Mumbai 400 051

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Avanse Financial Services Pvt. Ltd

Corporate Office:
Gr.Floor, Madhava Building,
Bandra Kurla Complex, Near Family Court,
Bandra East, Mumbai 400 051

NMIMS _PUNE_20122013_Sheet0000_Ver1

T +91 22 7111 2233

F + 91 22 7111 2234
www.avanse.com