Overview

In an effort to make world-class education affordable to all, Krea University has collaborated with the following banks and financial institutions to enable students to explore education loan options, apart from Krea’s scholarship programmes. It may be noted that Krea University will only facilitate access to education loans from these banks without any obligation on its part.

Educational Loans

In an effort to make world-class education affordable to all, Krea University has collaborated with the following banks and financial institutions to enable students to explore education loan options.
It may be noted that Krea University will only facilitate access to education loans from these banks without any obligation on its part.

WeMakeScholars is an organization funded and supported by the IT Ministry, Govt of India with a motive to offer unbiased education loan support to aspirants. They are associated with 10+ public/banks and NBFCs in India and provide assistance to find the best education loan matching your profile. This application process is a free of charge initiative under the Digital Indian campaign which has benefited more than 10,000 students.
Loan amount- upto Rs 60 lacs funding 100% of the total expenses (course fee and living expenses)
Rate of interest – from 7.6%
Repayment tenure- up to 15 years
Moratorium Period – course Period + six months
No prepayment closure charges
100% tax benefit for interest paid under Sec (80E)

You can directly apply, here – https://www.wemakescholars.com/recommends/krea-university

For further information, please reach out to Indumathy at Mobile: +91 9393344424 or email ID hello@wemakescholars.com

A customized special Education Loan is made available for students of BA (Hons) and BSc (Hons).

      • Loan Amount: Minimum Rs. 7.5 lacs to Maximum 95% of the total course fee
      • Rate of Interest – Floating rate of 11.5 %* (linked to REPO RATE)
      • No Prepayment Charges
      • Repayment Tenure as Long as 10 Years
      • 100% Tax Benefit for interest paid under Sec (80E)

For complete details including eligibility, please contact Sivakumar K, Mobile: +919962596990, EMail ID : (sivakumar.k@axisbank.com) or Gowrishankar M, Mobile: +919600999638, Email ID: (gowrishankar1.m@axisbank.com).

      • Loan Amount: 100%
      • Rate of Interest: 11.5% – 12 % Floating ( Based on profile)
      • Repayment Tenure: Maximum 14 years
      • Repayment Details: Flexible repayment options – Direct EMI, Pre EMI, Full interest ( Based on profile)
      • 100% Tax Benefit for interest paid under Sec (80E)

For complete details including eligibility, please contact Rajendran R, Sr. Manager – Sales, HDFC Credila Financial Services Pvt. Ltd., Contact No: +91 8939653891/+91 44 2836 9353.

        • Loan Amount: Min Rs 1 Lakh and Max up to Rs 20 Lakhs
        • Rate of Interest – 12 %*
        • No Prepayment Charges
        • Repayment Type in Moratorium – EMI/Simple Interest
        • Repayment Period after Moratorium – EMI repayment of 5 – 7 years after Moratorium
        • Moratorium Period – Course Period +Six Months

For complete details including eligibility, please contact Sampath A, Mobile: +91 8939807895/ 9941504900, Email: sampath.a@icicibank.com or Sunitha Shetty, Email ID: sunitha.shetty@icicibank.com, Contact No. +91 8767260551.

*Subject to changes as per market conditions.

Scholarships - Full-time MBA Programme

Merit-cum-Means Scholarship Offered by IFMR GSB, Krea University:

  1. Objective:

The School extends scholarships to students in need of financial assistance. The objective of the scholarship policy is to ensure that a meritorious student is not deprived of education for financial reasons. This process is intended for those students who have a pressing need for financial assistance.

2. Eligibility:

      1. Minimum CGPA of 3.00 at the end of first year (Term-1, 2 and 3 courses)

Annual family income less than INR 11 Lakhs

3. Application Process:

PGP Office sends a notification in Term-3 inviting applications to apply for IFMR GSB’s Merit-cum-Means-scholarship. Interested and eligible students will be required to submit the filled in application form along with all supporting documents within 15 days from the announcement of first year CGPA by the PGP Office.

4. Scholarship Committee:

The PGP Committee will seek all relevant data to assess the genuine financial problems of applicants. The Committee reserves the right to verify the information provided by the student. If it is found that a student has given incomplete or false / misleading information about family income, assets etc., the student concerned will face disciplinary action that may lead to expulsion.

5. Selection Process:

Scholarship is given only to those students who are assessed to have the need for it. The Committee makes this decision based on the information provided by the student and a personal interview with him/her, if required.

Top 10% of the students in a batch who meet the above eligibility criteria may be considered for the award of scholarship. The scholarship amount shall be up to INR 2.50 lakhs per student.

T. Thomas Scholarship for Business Leaders:

IFMR GSB has been selected by Hindustan Unilever Limited (HUL) as one of the five Business Schools in India for the award of T. Thomas Scholarship for Business Leaders to the second year student of the outgoing batch. The scholarship amount shall be INR 1 Lakh.

The PGP Office shares the list of toppers at the end of first year with HUL for deciding the winner.

Merit Scholarships

Based on the CGPA at the end of the second year, merit scholarships are awarded, the details of which are given below:

First Rank: INR 2 Lakhs

Next three ranks: INR 1 Lakh each to three students

If more than one student has same CGPA, the scholarship amount will be shared among those students equally.

The Scholarship cheques are given to the eligible students in the PGP Office after the Convocation.

Student who has been found guilty of adopting any unfair / unethical means or violation of discipline will not be eligible for any form of scholarship, medal or award.

IFMR GSB reserves the right to revisit and modify these incentives as deemed fit by competent authorities.

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