Education and Career Forum

Hello,
I have completed ICAI and want to pursue MBA in Abroad. I want to apply for an Education Loan for this. Kindly tell me what are the formalities to apply for Education Loan for doing MBA in Abroad?

You can get Education loan upto 4 lakhs without any security for pursuing MBA course in Abroad. To get Education loan of more than 4 lakhs to 7.5 laks, your parents need to be joint borrowers and third party guarantee in the form of collateral security will be taken. If the total amount you need to pursue MBA course in Abroad exceeds more than 7.5 lakh rupees, you need to submit Intangible Property worth equal to bank loan amount as a Collateral Security then, bank will process and sanction your Education loan for pursuing MBA course in Abroad.