Education and Career Forum

I want to study MBA and I am already preparing for various MBA entrance exams. But the fees of MBA is not bearable for my family. So, I have decided to take an Education Loan. I have heard that Federal Bank is having a good scheme of Education Loan. I would like to know about the expenses which is covered in this loan scheme.

Expenses covered under Federal Bank Education Loan Scheme for pursuing MBBS course are listed below:-

—> Fee payable to College/ School, Hostel, Tuition, Examination, Library, Lab.
—> Cost required for purchase of books, equipments, instruments, Uniform, Travel expenses, Computer (if essential for completion of the course).
—> Expenses for study tours / project work / thesis etc
—> Caution deposit amount payable towards building fund, refundable deposit, etc supported by bills/ receipts.

Originally Posted by Unregistered

I want to study MBA and I am already preparing for various MBA entrance exams. But the fees of MBA is not bearable for my family. So, I have decided to take an Education Loan. I have heard that Federal Bank is having a good scheme of Education Loan. I would like to know about the expenses which is covered in this loan scheme.

Federal Bank education loan covers the following expenses:

>> Fee payable to college, examination, hostel, tuition, Laboratory, Library

>> Cost of books, equipments, uniforms, instruments, computer (if essential for the course)

>> Caution deposit, building fund, refundable deposit, etc. (supported by bills, but cannot exceed 10% of the tuition fee)

>> Expenses for Study tours / project work, etc.