How much education loan can I get for MBA in IIM?

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How much education loan can I get for MBA in IIM?

The interest rate offered to an IIM aspirant for a student loan varies for different banks & financial institutions. Although, you can avail an education loan at an attractive rate of interest between 8.5\% to 10\%. Subsequently, you can avail a maximum loan amount upto Rs. 30 lakh.

Is it worth taking loan for MBA from IIM?

In the past 2 years, 7 out of the 19 IIMs have hiked their fees between 5\% and 29.6\%. The fee structure at IIM Ahmadabad for its basic PGP course is currently Rs. 19.5 lakh, Rs. Getting a loan to cover your expenses at IIMs, therefore, is a better idea than paying lakhs at a time.

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How can I do less money in MBA?

How to Finance Your MBA – Especially When You Don’t Have Any Money

  1. Non-cosigner Loans Given by the MBA Program.
  2. Non-collateral Education Loans by Indian Banks.
  3. Non-collateral Education Loans by Non-Banks/Specialized Institutes.
  4. Self-finance.
  5. Soft Loans.
  6. Scholarships.
  7. Collateral Loans in India.

How can I get an education loan for studying in IIM?

Because of the top-notch placements from the IIMs, getting an education loan for studying in an IIM is quite easy. There will be several banks that shall willingly give you the loan. You can also look in https://Brainybatch.com for education loan. They provide hassle-free no cost EMI loan.

Can I get an education loan for an MBA in India?

Luckily, financial institutions in India offer student education loan options to finance your education. Keeping in mind the high expected returns on an MBA course, banks readily grant these education loans to students who have secured admission into a top-tier MBA college.

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What is the eligibility criteria for MBA education loan?

The eligibility criteria for an MBA education loan is as follows. Candidate must be a citizen/resident of India. Candidate must have secured a seat in an MBA course in selected colleges. These are the basic requirements that are common across most of the banks.

Where can I get a loan for MBA admission?

Today, loans for MBA admission are available with almost all major banks. Some banks even have tie-ups with some of the premier institutes. These banks offer the students a special rate of interest which is normally lower than the market rate of interest. You might feel a little apprehensive that education loans are complicated monsters.