Education and Career Forum

Hello Everyone,
I have just passed my 12th Commerce from CBSE Board and studying in BBA. My aim is to study MBA after my BBA. But I don't have enough money for MBA. So, I will switch to Education Loan. So, please tell me about the conditions of Education Loan?

Originally Posted by Unregistered

Hello Everyone,
I have just passed my 12th Commerce from CBSE Board and studying in BBA. My aim is to study MBA after my BBA. But I don't have enough money for MBA. So, I will switch to Education Loan. So, please tell me about the conditions of Education Loan?

Conditions apply for an Education Loan to study MBA are given below;

Candidates must have secured admission in any UGC or Government recognized college
Eligibility for loan in determined based on the employability of the course and reputation of the institution.
For a loan of up to Rs 4 Lakhs – no security is required – parents must be joint borrowers
For a loan of up to Rs 7.5 Lakhs – third party guarantee needed as security – parents also must execute the document as joint borrowers
For a loan of up to Rs 10 Lakhs – collateral security of suitable value is required
Candidates need to produce a schedule of fees for getting education loan
Candidates can contact any bank branch for more details