Education and Career Forum

Friends,
I am planning for MBA course in next year. If I would take any kind of Loan right for an extended tenure, it hamper my Education Loan prospects for MBA? Kindly revert asap. Your inputs would be highly appreciated. Thanks and Regards-
Reema Ghosh

You need to make clear as to what exactly you are speaking and wanting to know. Since you are planning for MBA, so you can get education loan for it provided you get admission in a recognized institute. If you had already taken education loan for your previous studies then you need to consult your bank for further loan. Usually if the previous loan amount is high, the bank will not allow for further loan. But if the previous loan amount is not high or you get admission in top notch institutes like IIMs, you can definitely get education loan to pursue your MBA.

You can get a Bank Educational Loan for the course of MBA.
You need to apply for the Loan to a Bank of your choice.
You must provide the Letter of Admission that will be provided to you by your University as a Document for the Bank for your Educational Loan.
You must also show a guarantor for the Loan that will be taken.
You must also show the Income tax return that is filed by the guarantor
Once you do this your Loan will be sanctioned by the Bank where you are applying for the Loan.