Financing Your Education - Education Loan at NAMTECH

Our Financial Assistance Options

NAMTECH has tied up with Multiple Bank to make easy education loan available to its students.

NAMTECH has partnered with ICICI Bank to easily make education loans available to its
students.
  • Open for Indian students only
  • Loan amount of up to INR 20 Lakhs for higher studies to cover all educational expenses like tuition fees, hostel and living expensest
  • 100% income tax benefit for interest paid under Section 80E of IT Act
NAMTECH has partnered with HDFC Bank to easily make education loans available to its
students.
  • Offer Pricing: 11% rate of interest /annum.
  • Processing Fees : 1% + applicable govt taxes for the loan amount more than Rs. 7.5 Lacs
  • Processing Fees : Nil for loan amount below Rs. 7.5 Lacs
  • Prepayment / Foreclosure charges : Nil
  • Loan Funding – Up to 85% of course fee.
  • Collateral – Free loan option available
  • Tax benefit on interest paid under Sec-80(E)
  • Maximum 15 years option available
  • Loan Disbursement To the University (as mentioned on the admission letter)
NAMTECH has partnered with Axis Bank to easily make education loans available to its
students.
  • No prepayment/foreclosure charges
  • Collateral-free loan option available
  • Tax benefit on interest paid under Sec-80(E)
  • Rate of Interest Secured loans at 10% Unsecured loans at 10.50% (floating interest rate linked to REPO rate)
  • Loan Amount 95% of the total cost; 100% funding option available.
  • Processing Fees Applicable as per Axis Bank’s norms 6 Repayment Type
  • Simple Interest during moratorium period option available 7 Moratorium Period* Course Period + 6months (optional) 8 Repayment Tenure*
  • Maximum 15 years option available
  • Loan Disbursement To the University (as mentioned on the admission letter)
  • Insurance Max Life Insurance
NAMTECH has partnered with HDFC Cedilla Bank to easily make education loans available to its
students.
  • Tuition Fee covered upto 100%
  • Hostel Fee covered upto 100%
  • Loan Amount upto 100% of cost of education
  • Maximum 15 years option available
  • Processing FEE 1% + gst
  • Rate of Interest to student     11% onwards
  • Loan Disbursement To the University (as mentioned on the admission letter)
  • Tax benefit on interest paid under Sec-80(E)
  • Collateral-free loan option available

FREQUENTLY ASKED QUESTIONS

The cost of the 15-Days Global Immersion program in Singapore (Fee includes the cost of flight, lodging and boarding at TUM Campus, Singapore). This immersive experience is designed to provide students with international exposure and hands-on experience in the latest manufacturing technologies and practices. *The Immersion program at TUM Germany is optional, and the expenses will be borne by students

Yes, we offer a range of scholarship opportunities to support and encourage talented students:

  • Students from Institutes of National Importance and Eminence (IITs/NITs/BITS): Scholarships range from 100% to 75%.
  • Students from NIRF Top 100 Universities/Institutes: Scholarships range from 75% to 50%.
  • Merit Scholarships for All Students: These scholarships range from 75% to 10%, based on merit.
  • Merit-cum-Means Scholarship: For families with an annual income below INR 10 lakhs, scholarships can range from 100% to 50%.
  • Women in Manufacturing: We offer a 100% scholarship to encourage female participation in the manufacturing sector.

For professionals in the field of Smart Manufacturing, the minimum salary typically ranges between INR 8 Lakhs Per Annum (LPA) and INR 12 Lakhs Per Annum.

The upcoming batch for our program is scheduled to begin in August 2024. We encourage interested candidates to apply as early as possible to secure their place.

Global Immersion Program offered by NAMTECH in collaboration with Technical University of Munich (TUM) Asia, Singapore. Course modules are delivered at the Technical University of Munich (TUM) Asia, Singapore and NAMTECH India (Transitory Campus: IIT Gandhinagar).

Candidates who are in their final year (graduating in 2024) or have successfully completed their BE/BTech exams within the last five years are eligible to apply. A minimum of 65% marks or an equivalent grade in 10th, 12th, and BE/BTech is required for eligibility. The following branches are eligible for application:
Mechanical Engineering, Manufacturing Engineering, Electrical Engineering, Metallurgy Engineering, Material Science, Automobile Engineering, Production Engineering, Instrumentation & Control, Aeronautical Engineering, Computer Science, IT, Electrical & Electronics.
For Working Professionals: BE / BTech candidates working in the field of manufacturing and possessing up to 5 years of experience, are encouraged to apply.

The International Professional Master’s Program (iPMP) in Smart Manufacturing builds on the foundation provided by a BTech degree. It boasts of a curriculum that is grounded in the real-world industrial 4.0 environment. It integrates projects, competencies and theory to create future Techno-Managers. iPMP is an International Twinning Program offered by NAMTECH in collaboration with Technical University of Munich (TUM) Asia, Singapore.

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