Education and Career Forum

I am interested to study MBA with the help of education loan. I have heard about the Punjab & Sind Bank Educational Loan Scheme. Can anyone of you provide me the details of this particular educational loan scheme?

Details of Punjab and Sind Bank Education Loan Scheme for MBA Aspirant are mentioned below :-

--> Eligibility :-
You should have secured admission to MBA course in a recognised college/ university through entrance examination or merit based selection process.

--> Quantum of Finance :-
Rs. 10 lakhs for studies in India.
Rs. 20 lakhs for studies in Abroad.

--> Margin :- Nil upto Rs. 4 lakhs, for above Rs. 4 lakhs, it is 5% for studies in India and 15% for studies in Abroad.

--> Moratorium Period :- Course Period plus one year.

--> Repayment Tenure :- 15 years

--> Prepayment Charges :- Nil.