Education and Career Forum

Respected Sir,
I have got admission in IBS for MBA degree. I am working with Accenture also. I would like to know about the best option for an education loan for amount around Rs. 7.5 Lacs?

You can apply for the Educational Loan from the Bank of your choice.
Generally the interest rate is least in SBI. The interest rate of SBI is 1% less than that of other Banks.
So it is best for you to apply for the Loan from SBI.
You need to show a guarantor for the Loan as the amount exceeds Rs 4 Lacs.
So once you have all this is place you will be eligible for the Educational Loan for the course of MBA from IBS.

You can definitely get an education loan of 7.5 lakhs to study MBA in IBS since it is a reputed institute. AS you have work experience so it will be a bit easier to apply for loan and get it sanctioned. As you are working with Accenture, so you can opt for loan from the bank in which you have your salary account as the processing of loan will be simpler. Approach the branch or bank representative for the loan with documents of your admission call and prospectus of the institute. Complete all the formalities as per bank's instructions, comply with the terms and conditions of the bank and get your education loan sanctioned. As the norms of education loan have become lenient, so it will be easy to get education loan sanctioned.