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| All the students at Amplify have to go thru “Lead Lab” to groom themselves during their tenure at Amplify,
culminating in highly improved chance in placement and enhanced success in their early professional work. |
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Objective of Lead Lab
Increase employability by appropriately improving the personality of the students and enhancing their professional skills,
in ways required for good placement with companies. |
| Students are Coached & Mentored on: |
- Self-awareness, Confidence and Motivation
- Communication & Selling Skills
- Overview & Knowledge of Business, Markets and Subject Matter Basics
- Personal Scorecard and self-evaluation
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Activities:
Students are involved in the following activities throughout the course: |
| Boot Camp for Personal Grooming |
Professional Grooming |
Placement Coaching |
- Personal Discovery
- Movie sessions & reviews
- Debates
- Quizzes
- Presentations
- Conversation
- Book Reading & Reviews
- Newspaper & Periodicals Reading
- Meet your role model
- Interactive sessions by Campus Recruitment executives
- Ethics
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- Professional Certifications
- Selling Project
- Internship Coaching
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- Personal presentation development
- Writing your CV
- Aptitude Tests
- Personal interviews
- Group Discussions
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| Online Request for Corp Vidya (Education Loan)
(For Professional Courses only) click here |
- Student should be an Indian National.
- Should have completed previous qualifying examination.
- Secured admission to professional / Technical courses in India or Abroad through Entrance Test/Merit Based Selection process.
- Person already in gainful employment are not eligible for loan under the scheme except for pursuing evening course covered under the scheme of approved institute.
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| A. Studies in India |
- Graduation Courses : BA, B.Com, B.Sc., etc.
- Post Graduation Courses : Masters & Phd.
Professional Courses : Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc.
- Courses like ICWA, CA, CFA etc.
- Courses conducted by IIM, IIT, IISc, XLRI, NIFT etc.
- Regular Degree/Diploma courses like Aeronautical pilot training, shipping etc., approved by Director General of Civil Aviation/Shipping, if the Course is pursued in India. In case the course is pursued abroad, the Institute should be recognized by the competent local aviation/shipping authority.
- Courses offered in India by reputed foreign universities./C
- Evening courses of approved institutes.
- Nursing/Teachers training courses for periods of one year & above from recognized colleges/institutes leading to Diploma/Degree.
- Other Courses leading to diploma/degree etc. conducted by Colleges / universities approved by UGC/Govt /AICTE /AIBMS/ ICMR etc.
- Courses offered by National Institutes and other reputed private institutions.
- Vocational Training and skill development study courses will not be covered under the model educational loan scheme, as the scheme is framed to provide Bank loans for higher studies.
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| B. Studies abroad |
- Graduation: For job oriented professional / technical courses offered by reputed universities.
- Post Graduation: MCA, MBA, MS etc.
- Courses conducted by CIMA - London, CPA in USA etc.
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| C. Other conditions:. |
- Fee payable to college/school/hostel
- Examination/Library/Laboratory fee
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- Fee payable to college/school/hostel
- Examination/Library/Laboratory fee
- Purchase of books/equipments/instruments/ Uniforms
- Caution deposit*
- Travel expenses/ passage money for studies abroad
- Purchase of computers - essential for completion of the course
- Any other expense required to complete the course - like study tours, project work, thesis etc.
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* building fund/refundable deposit supported by Institution bills/ receipts stands deleted |
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Need based finance subject to repaying capacity of the parents/students with margin and the following ceilings:
Studies in India - Maximum upto Rs.10 lakhs
Studies in Abroad - Maximum upto Rs.20 lakhs |
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Upto Rs.4 lakhs - Nil
Above Rs.4 lakhs - Studies in India 5%
Studies abroad 15% |
- Scholarships / assistantship to be included in margin
- Margin may be brought-in on year-to-year basis as and when disbursement are made on a pro-rata basis |
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Upto Rs.4 lakhs : Co-obligation of parent/s. No other collateral Security
Above Rs.4 lakhs and upto Rs.7.50 lakhs : Co-obligation of parents together with collateral security in the form of suitable third party guarantee.
Above Rs.7.5 lacs : Co-obligation of parents together with tangible collateral security along with the assignment of future income of the student for payment of installments |
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- The loan documents should be executed by both the student and the parent/guardian as joint-borrower.
- The security can be in the form of land/building/ Govt. securities/Public Sector Bonds/Units of UTI, NSC, KVP, life policy, gold, shares/mutual fund units/ debentures, bank deposit in the name of student/ parent/ guardian or any other third party with suitable margin.
- Wherever the land/building is already mortgaged, the unencumbered portion can be taken as security on second charge basis provided it covers the required loan amount with prescribed margin of 35%.
- In case the loan is given for purchase of computer, the computer has to be hypothecated to the Bank.
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| (With effect from 03rd February, 2009) |
| Upto Rs. 7.50 Lakhs |
Loans disbursed upto 30.11.2007
Loans disbursed on or after 01.12.2007
New Loans disbursed on or after 03.02.2009 |
11.75%
12.25%
13.50% |
| Above Rs. 7.50 Lakhs |
a] Secured:
Loans disbursed upto 30.11.2007
Loans disbursed on or after 01.12.2007
New Loans disbursed on or after 03.02.2009 |
10.75%
11.50%
12.00% |
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b] Unsecured:
Loans disbursed upto 30.11.2007
Loans disbursed on or after 01.12.2007
New Loans disbursed on or after 03.02.2009 |
11.75%
12.25%
13.50% |
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- 1% interest concession to be extended if the interest is serviced promptly as and when debited during the study period.
- For SC/ST women borrower the ROI shall be 0.25% below the Card Rate.
[H.O. Circular No.733/2008 dated 20.08.2008]
- Simple interest to be charged during the Repayment holiday / Moratorium period
- 1% interest concession may be provided for loanees if the interest is serviced as and when debited
Appraisal / Sanction / Disbursement
The loan to be sanctioned as per delegation of powers preferably by the Branch nearest to the place of domicile of parents |
REPAYMENT
Repayment holiday/Moratorium :
Course period + 1 year, or 6 months after getting the job, whichever is earlier
The loan has to be repaid within a maximum period of 10 years after completion of repayment holiday period.
INSURANCE
The student borrower may be covered under the Banks insurance scheme Corp Suraksha.
PROCESSING CHARGES
No processing/upfront charges shall be collected on educational loan for studies in India. For studies abroad, processing charges @ 1% of total loan limit sanctioned may be collected for fresh loan. These charges are scheme specific & inclusive of applicable Service Tax.
“Wherever immovable property is offered as security, property valuation charges, legal opinion charges and insurance premium of immovable property will have to be borne by the applicant."
OTHER CONDITIONS
A. Multiple loans
In case of receipt of application for more than one loan for student borrower from a family, the family as a unit has to be taken into account for considering the loan and security taken in relation to the total loan limit sanctioned, subject to margin and repaying capacity of the parent/student.
B. Take over of loans from other Banks
Student should avail education loan from any one Bank/branch. Take over of education loan availed with other bank is not permitted.
Co-obligant
The co-obligant should be parent[s]/guardian of the student borrower. In case of married person, co-obligant can be either spouse or the parent[s]/parent-in-law
DISPOSAL OF APPLICATION
Loan applications have to be disposed off within a period of 7 days of receipt of application complete in all respects |
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Institute Tie Up for Bank Loans
BVU – Amplify – DITM has a National Tie up with HDFC Bank for providing easy educational loan to all its students. The Students who have secured admission to any course at BVU – Amplify – DITM will get Educational Loan as per Terms and Conditions given below:
- Loan Amount : up to Rs. 20 Lakhs
- Security :
- No security up to 7.5 lakhs.
- Students not meeting the HDFC Bank Credit criteria however may be required to furnish additional security as acceptable to HDFC Bank.
- Interest: A special rate of 13%
- Moratorium: The course period +1 year during which co-applicant will service simple interest.
- Repayment Period: The borrower/ student will have the choice of repayment in 12,24, 36 or 48 Equal Monthly Installments (EMI’s) after Moratorium
- EMI Per Lakh per Month:
| Repayment Period |
12 months |
24 months |
36 months |
48 months |
| EMI / month |
Rs.8,932/- |
Rs.4,754/- |
Rs.3,369/- |
Rs.2,683/- |
- Processing Charges: Nil
- EMI Per Lakh per Month:
- Mandatory – Parent / Blood Relations/ Spouse.
- The income documents of the co-applicant will be of primary consideration and must meet the required HDFC bank policy.
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| All these documents are to be self attested |
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