Education and Career Forum

Friends,
I am getting admission in PGDM/MBA course in an Autonomous college. I have secured 65 percentile in CAT. They are helping me to getting Education Loan from Bank. Please suggest me that I should take Bank Education Loan for doing PGDM/MBA from an Autonomous college?

Yes, you can definitely take education loan to meet the study expense of your PGDM/MBA course from an Autonomous college provided you are not financially stable and require the help of education loan. If you are financially stable and can afford the expense of your studies, then it is your choice whether you want to opt for education loan or not.

Advantages of opting for the loan :-
- Co-borrower (parents/guardians) will get waiver in the income tax.
- You will get waiver in income tax when you will do your job while repaying the loan.

Disadvantages :-
- You need to contact a bank and complete various formalities.
- You need to pay the interest of the education loan.