#1  
27th June 2019, 06:31 PM
Unregistered
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Can I apply for an Education Loan to study MBA with Rs. 4 Lacs family income?


Hi Sir, my father has an income of Rs. 4 Lacs per annum. I am an MBA aspirant. I have studied my BBA(H) and achieved many scholarships. But the amount wasnít fulfill the the semester fee. I have always got half of the semester fee amount through scholarships. But I donít want to depends on scholarships during my MBA course. I want to take an education loan. So, with this family income, I can apply for education loan?




  #2  
30th June 2019, 12:30 AM
shahi jee
Senior Member+++++
 
Join Date: Jul 2017
Location: Bihar
Posts: 5,804
Default Re: Can I apply for an Education Loan to study MBA with Rs. 4 Lacs family income?

Yes, you can apply for an Education loan to study MBA with Rs. 4 Lakh family income.

List of banks providing Education loan are as follows:-
State Bank of India
ICICI Bank
IDBI Bank
HDFC Bank
Axis Bank
Canara Bank
Union Bank
United Bank
Central Bank
Dena Bank
UCO Bank
Bank of Baroda
Indian Overseas Bank
Punjab National Bank
Avanse Financial Services
Credila
  #3  
1st July 2019, 01:57 AM
Incredible Chinnu
Senior Member
 
Join Date: Apr 2019
Posts: 1,015
Default Re: Can I apply for an Education Loan to study MBA with Rs. 4 Lacs family income?

Yes you can apply for Education Loan with 4 lakh overall family income. As there is a interest subsidy scheme available for candidates whose family income is beLow 4.5 lakh.

For those there is a subsidy on interest during moratorium period.

So you can apply for Education loan in MBA course.

But before that you must submit the admission letter from the college where you got the admission for MBA.

That college should be in top 100 ranking with in india.

There is one More requirement for Education loan is you must produce income certificate to avail inter subsidy edication Loan.

And also upto 4 lakh there is no.marigin and no collateral security.

But if the loan amountis more tha. 4 lakh then you need to arrange a guarantor which is third party nt from your family.

Parents will be considered as coapplicant.
Do you have any question? or have anything to say?



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