Education and Career Forum

Dear Sir, I am going to apply for an education loan for my MBA course. During my placement, I came to know that I have to pay the fee on emi which is Rs. 9581/- per month. So, if I get an education loan then the loan amount will be deposited per month? This is the deal between banks and colleges?

You will get an education loan according to your fee requirements like tuition fee, examination fee and other expenses related to your course. You need to give them the documents mentioning the fee structure semester wise.

There will be nothing like the monthly amount deposited in your account as an education loan. Some banks even provide demand drafts to pay the college fee according to the fee structure.