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Unlock Your Future with Rishihood University: Affordable Education Financing Available!

At Rishihood University, we believe that education should be accessible to everyone. We are committed to empowering our students to achieve their dreams and excel in their chosen fields. To support this vision, we have partnered with ICICI Bank to offer education financing that makes it easier for you to invest in your future without financial constraints. Our goal is to ensure that you have the resources you need to thrive academically and beyond.

Applicable Courses

UG and PG courses in Science, Technology, and Management at Rishihood University.

Academic Year: 2024-2025

Financing Amount

  • Minimum: ₹1 Lakh
  • Maximum: Up to ₹20 Lakh

Rate of Interest*

  • Secured Financing: 11% (REPO + 4.5%)
  • Unsecured Financing: 12% (REPO + 5.5%)
  • Current Repo Rate: 6.50% Source

Type of Interest

  • Floating Rate of Interest linked to RBI’s Repo Rate

Fees and Charges

Processing Fee Pre-payment Charges Part Payment Charges Foreclosure Charges
1% + GST NIL NIL NIL

Important Details

Repayment Details

  • Repayment Period: 8-10 years after moratorium
  • Moratorium Period: Course Period + 6 Months
  • Repayment Type during Moratorium: Simple Interest / EMI

Margin

  • 15% Margin on financing amount above ₹20 Lakhs

Collateral/Security for Secured Financing

  • Acceptable Collaterals: House, Flat, Fixed Deposit, and Existing Home Loan with ICICI Bank can be cross-collateralized.

Optional Insurance

  • ICICI Prudential / ICICI Lombard

Disbursement

  • Frequency: As per the Institute’s fee payment schedule
  • Method: Fees transferred directly to the Official Institute Payment Fee Account

Co-borrower Details

  • Accepted Relationships: Father, Mother, Spouse, Brother, Sister, Parents-in-law, Grandparents
  • Location: As per the Bank’s Listed Location
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Contact Information

1. Mr. Anubhav Dureja
Mobile: 9643551829
Email: anubhav.dureja@icicibank.com
Location: Delhi – Karol Bagh

2. Mr. Anil
Mobile: 9899929424
Email: anil.7@icicibank.com
Location: Delhi – Karol Bagh

3. Mr. Vipul Aggarwal
Mobile: 8657729903
Email: vipul.agarwal1@icicibank.com
Location: Delhi – Karol Bagh