Education and Career Forum

Due to circumstances I have to repeat a year in MBA. I already have an education loan. Will I get another loan in the meanwhile for this year?

Mostly banks will provide only education loan amount, which was specified in your admission letter. In case, if you want to repeat your one year of MBA course, then the fee expenses will more, than what was specified in your admission letter. So, I think you won't get another education loan to repeat your one year of MBA course. But, try to contact bank manager, because the bank manager can give you any suggestions to get extra education loan.

No, there will not be any more loan sanctioned for you tho repeat one year of your MBA course. Since you are compelled to repeat under circumstances, so you need to contact the concerned bank from which you had taken loan concerning the circumstances and the proceedings which need to be undertaken to facilitate your further studies. Act as per the instructions of the bank and your convenience tho come to a mutual solution of the problem.