Education and Career Forum

Hello friends, I am interested to take loan for my education of MBA. I want to know about the rules and norms of taking loan for studying in MBA. The total cost of my course is Rs. 6.45 Lacs. I haven’t take admission yet. So, I want to apply for loan of this sum of rupees. Kindly tell me the rules and norms for this?

Originally Posted by Unregistered

Hello friends, I am interested to take loan for my education of MBA. I want to know about the rules and norms of taking loan for studying in MBA. The total cost of my course is Rs. 6.45 Lacs. I haven’t take admission yet. So, I want to apply for loan of this sum of rupees. Kindly tell me the rules and norms for this?

Students can apply education loans for studying an MBA course in any nationalized banks or private banks. Eligibility to apply for education loan is as follows: students must have admitted to the course through an entrance test or merit based selection process and students must be a citizen of India. Students have to contact any bank branch nearest to their permanent address for getting an education loan. They have to apply for an education loan with necessary documents along with application form. They have to provide collateral security or third party security based on the education loan amount.