Due to the escalating education costs, it becomes difficult for students to secure admission in top-notch universities/institutes in India or abroad with the little savings of their parents.
Borrowing traditional finance could be way too costly and taking from friends or relatives is against your dignity.
But borrowing the finance from leading private finance companies or bank is the best way to fund your management studies. This loan helps you to become independent. You'll help your parents by financing your own dreams all by yourself. They neither have to sell the piece of land bought to construct a bungalow for olden days nor break their retirement funds and risk their future only to make your future bright.
Educational loan for MBA degree programs differ from other forms of loans as the interest rate given is quite low and also the repayment doesn't start immediately after the loan disbursal.
Study loan is a kind of credit advanced to professional scholars and students being designed to help students pay for college tuition fees. Other than this you can finance unforeseen expenses related to additional exams, study preparation, laptops or computers, hostel and mess charges, etc. Another unique angle of loans is you can take tax benefits under 80E, of the Income Tax Act, 1961.
Education loan for MBA degree programs differ from other forms of loans as the interest rate given is quite low and also the repayment doesn't start immediately after the loan disbursal.
Thanks to internet technology today it's very simple to apply for education loan. You can apply for a loan at the comfort of sitting in your homes. Some companies approval loan even before the admission is confirmed. You can say it’s just a click away!
Banks or private finance companies provide an online application with support. After you complete the form, their representative visits your home and collects application form, required supporting documents. A credit team will review the guarantor's credit history and approves the loan. Once they thorough scrutinize all the parameters they will deposit the loan amount into the required bank account.
Experts’ advice it’s better to research about the available job prospects and part-time job opportunities before applying for course. Speak with alumnus within your network check the country's survival conditions, job prospects, as they could give a more realistic view of the college and placements chances.
Create a detailed budget of all the expenses you will incur while studying in a foreign country before you apply for education loan for MBA. Ensure to anticipate average salary packages, scholarships and student grants and other miscellaneous costs incurred which you haven't account for.
Since, MBA studies will cost you anywhere between 7 to 10 lakhs in India or around 25 to 30 Lakhs for abroa
d studies you will have to keep a collateral in any of the form of residential property (house/flat/apartment), fixed deposits, life insurance with surrender value equivalent to loan amount, Existing house mortgaged and Non-agricultural land can be considered.
Once you receive the offer letter from your dream university/institutes you can apply for the loan right away. It’s better to research the loan options thoroughly during the spare time. Check the loan interest, eligible amount, processing fee, loan tenure, repayment options and other terms and conditions. Make use of this in-between time period effectively.
Borrowing traditional finance could be way too costly and taking from friends or relatives is against your dignity.
But borrowing the finance from leading private finance companies or bank is the best way to fund your management studies. This loan helps you to become independent. You'll help your parents by financing your own dreams all by yourself. They neither have to sell the piece of land bought to construct a bungalow for olden days nor break their retirement funds and risk their future only to make your future bright.
Educational loan for MBA degree programs differ from other forms of loans as the interest rate given is quite low and also the repayment doesn't start immediately after the loan disbursal.
Study loan is a kind of credit advanced to professional scholars and students being designed to help students pay for college tuition fees. Other than this you can finance unforeseen expenses related to additional exams, study preparation, laptops or computers, hostel and mess charges, etc. Another unique angle of loans is you can take tax benefits under 80E, of the Income Tax Act, 1961.
Education loan for MBA degree programs differ from other forms of loans as the interest rate given is quite low and also the repayment doesn't start immediately after the loan disbursal.
Thanks to internet technology today it's very simple to apply for education loan. You can apply for a loan at the comfort of sitting in your homes. Some companies approval loan even before the admission is confirmed. You can say it’s just a click away!
Banks or private finance companies provide an online application with support. After you complete the form, their representative visits your home and collects application form, required supporting documents. A credit team will review the guarantor's credit history and approves the loan. Once they thorough scrutinize all the parameters they will deposit the loan amount into the required bank account.
Experts’ advice it’s better to research about the available job prospects and part-time job opportunities before applying for course. Speak with alumnus within your network check the country's survival conditions, job prospects, as they could give a more realistic view of the college and placements chances.
Create a detailed budget of all the expenses you will incur while studying in a foreign country before you apply for education loan for MBA. Ensure to anticipate average salary packages, scholarships and student grants and other miscellaneous costs incurred which you haven't account for.
Since, MBA studies will cost you anywhere between 7 to 10 lakhs in India or around 25 to 30 Lakhs for abroa
d studies you will have to keep a collateral in any of the form of residential property (house/flat/apartment), fixed deposits, life insurance with surrender value equivalent to loan amount, Existing house mortgaged and Non-agricultural land can be considered.
Once you receive the offer letter from your dream university/institutes you can apply for the loan right away. It’s better to research the loan options thoroughly during the spare time. Check the loan interest, eligible amount, processing fee, loan tenure, repayment options and other terms and conditions. Make use of this in-between time period effectively.