Education and Career Forum

Hello Sir,
I have an Education Loan of Rs. 4 Lacs for my B.Tech course. And now I have don with it and waiting for my Original Degree. I need an Education Loan again for doing MBA course as I am preparing for various entrance exams. Kindly tell me is it possible for me to get an Education Loan again?

Yes, it is possible to get an education loan in order to study MBA inspite of already taken education loan for B.Tech course. It depends on the concerned bank from which you are taking loan as this will be purely at the discretion of the concerned bank whether it will provide you education loan or not. Usually the bank allows further loan on the following grounds.

- You get admission in a well reputed institute usually the top ranking institutes.
- The loan amount is not high.
- Your family has a stable source of income and good number of assets.

You have taken educational loan for B-Tech course. You want to take admission in MBA course and want to take educational loan for this course again. Yes, definitely you can
take the educational loan for your MBA course.

>>First of all you have to take the admission slip from the college and then visit to the nearest bank branch through which you want to take the educational loan. Fill the application form and submit it with all relevant documents.

>>It will be better for you if you avoid to the same bank through which you have already taken the educational loan for your B-Tech course. As it might possible that bank will create some problem while sanctioning the loan for MBA course. In my opinion you have to try other banks. Also, you have to try to repay the loan amount of B-Tech course.