Education and Career Forum

Am I eligible to apply for Bank Educational Loan if got admission in MBA course at ICFAI University, Meghalaya?

Of course you can avail an education loan to finance your MBA, but you need to talk to your university regarding which Bank you should apply because certain Banks has done MoUs with Universities for quick disposal of loan, so you need to know which Banks has tie-up with ICFAI regarding Education Loan, otherwise you can avail education loan from what ever bank you like.
Below the mentioned Banks providing education loan at the prescribed interest rate:
1. PSB:
- State Bank of India 9.70% - 13.45%
- Bank of Baroda 9.90% - 12.40%
- United Bank of India 9.90% - 13.50%
- Central Bank of India 11.45% - 11.95%
- Bank of Maharashtra 11.25% - 12.50%
- Canara Bank 11.60% - 13.60%
- Dena Bank 11.25 %
- Indian Overseas Bank 11.45 - 12.95%
- Punjab National Bank 10.00% - 13.00%

2.PvtSB:
- Avanse Financial Services Base Lending Rate (11.5%) + Spread
- Credila 11.75% - 12.50%
- Axis Bank 15.00% - 16.50%
- HDFC Bank 12% - 13%
- IDBI Bank 10.75% - 13.25%

Hope the above information helped you, for further query please do let us know.