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14th June 2015, 04:28 PM
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Whether Bank incur Internship expenses if pursuing MBA through Education Loan?


Respected Sir,
I am doing MBA with Bank Education Loan. But the Bank doesn't transfer amount to my Bank Account. It deals direct to college. Now, my question is, I want to know for Internship which I have to do in my last semester in Abroad which cost Rs. 80,000 so for this amount Bank will also provide me Education Loan or I have to give this amount from my own?




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15th June 2015, 09:53 PM
ArunavaBasu
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Join Date: Mar 2015
Posts: 2,155
Default Re: Whether Bank incur Internship expenses if pursuing MBA through Education Loan?

The Bank will only pay the money that the college remunerates as Total Fees for your Course.
If the Internship Fees comes under the Total Fees charged by the College then the Bank will pay that amount.
In case the Internship amount is not mentioned then you will have to pay the Internship money from your own pocket as that expense will not be covered by the Bank.
 
Do you have any question? or have anything to say?

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