Education and Career Forum

Hello Everyone,
I have completed my BBA(H) and want to pursue MBA. The total expenses of MBA which I want to do is costing Rs. 6.75 Lacs. I want to apply for Education Loan of this amount. But I have not any immovable property. In this case, I can get Education Loan from any Bank?

Yes, you can get Bank Education loan of Rs.7.5 lacs to study MBA without immovable property. To get education loan amount from the bank, you need to provide the security mentioned below :-

--> Upto Rs. 4 lacs loan amount :- Only Parent/ Guardian as co-borrower

--> Above Rs. 4 lacs to Rs. 7.50 lacs loan amount :- Parent/ Guardian as co-borrower and Collateral security in the form of suitable third party guarantee (Third Party Guarantee can be replaced with Parent/Guardian as co-borrower provided the Gross Annual Income of Parent/Guardian (co-borrower) as given in latest Income Tax Return is 3 times of the loan amount.)

--> Above Rs. 7.50 lacs loan amount :- Parent/ Guardian as co-borrower and tangible collateral security.

Now a days there is no money problem for a student who is interested in study.

Indian government has launched so many schemes under which a students can study freely without paying during study time.

You can easily got an education loan of up to 8 lac rupee for study with in India.

You simply have to submit all necessary documents in the bank for sanctioning your education loan.

But you have to pay your complete loan along with interest with in 7 year after completion of your course.