Education and Career Forum

Sir,
I got admission in Symbiosis College for doing MBA degree.
I am working with Infosys Technologies Ltd.
What would be the best option for Education Loan
for amount around Rupees 8 lacs?
Please advise me sir.

You can easily get education loan of 8 lakhs if you get admission in Symbiosis College for MBA course since it is a well reputed and recognized college which offers good exposure and placement opportunities. Since you also have work experience so the bank will sanction your loan request easily on completing the norms and complying with the terms and conditions.

You need to approach any bank near your residence preferably where you have an account. Then you need to have a talk with the branch manager concerning the education loan. You need to take documents of your previous academic record, your employment status and the admission letter from the college. You need to know the various norms, terms and conditions of the bank for education loan and act as per the instructions of the branch manager to get your loan sanctioned. You can also approach other banks if not satisfied with the current bank.

As per my knowledge most of the banks provide a maximum of 7.5 lac rupee education loan to the INDIAN citizens to study with in India. But you need not to be worry about this because there are many banks which provide more than 7.5 lac rupee loan to the students for their study. For applying the education loan, first of all you have to apply an application letter from your college that must include the whole fee structure of your fee. You have to submit this application letter in any of the near by bank from which you want to sanctioned education loan. Also you have to submit all the documents demanded by the bank.

Originally Posted by Unregistered

Sir,
I got admission in Symbiosis College for doing MBA degree.
I am working with Infosys Technologies Ltd.
What would be the best option for Education Loan
for amount around Rupees 8 lacs?
Please advise me sir.

Since, you are a working professional then how will you manage to study MBA ? Also, if you are a working guy you can not apply for the education loan for yourself. Yes, after leaving the Job you can apply for the education loan to study MBA. You can apply for the Education loan to HSBC bank if you need the Loan of RS 8 lac.