Education and Career Forum

Sir,
I have completed my 12th Commerce with 96.44% and 60% in B.Com. Now I want to pursue MBA. I need education loan because my financial condition is very week. So please tell me education loan scheme for me. Thank you!

Originally Posted by Unregistered

Sir,
I have completed my 12th Commerce with 96.44% and 60% in B.Com. Now I want to pursue MBA. I need education loan because my financial condition is very week. So please tell me education loan scheme for me. Thank you!

There are various government and private banks offer education loans to students for studying MBA program. Applicant must have obtained admission to the MBA program through an entrance examination or merit based selection process. Applicant must be an Indian citizen and must have scored good marks in the previous examinations. For a loan of up to Rs 4 Lakh, no margin money or security is required. Applicant’s parents should also execute the documents as a Co-borrowers. For an education loan of over Rs 7.5 Lakh, students have to provide necessary Collateral security. Collateral security may be in the form of house, flat, apartment, shop, land, plot, insurance policies and fixed deposits. Students have to contact the bank branch nearest to their permanent address to apply for an education loan.