>> June 26, 2010
One of Reader wants to know, how to get education loan for MBA in his E-mail letter? and he writes
I am a B.Com pass student. I want to do MBA ( finance). I belong to middle family, I have no money for admission in any business school and I have no knowledge from where I can get educational loan. Please guide me how to get educational loan for my MBA.
Dear student, like you, there are large number of B.Com. holders who have dream to do MBA finance but due to money problem, they do not take admission in this professional course. But, now, you need not worry and take tension about this. Large number of Indian commercial banks have started to give loan at very cheap interest rates for MBA education. These banks are interacting with various business schools in India and soon, all banks will be tie up with B-Schools. So, when you go to any business school and will disclose your money problem, they will definitely help you for getting loan from tie up banks and without formality. You will take loan for paying admission fees of MBA class. Many educational institutes have already connected with commercial banks. So, first of all you go to your nearest B- school and get more information of educational loan for your MBA finance. Second, you can direct contact with Indian educational loan providers and banks.
One of new thing is in media that you can also take insurance facility like insurance on your home loan. After getting this insurance facility, there will no liability of your family for repayment of your educational loan.
You can get up to 10 lakh Rupees for MBA education in India and 20 Lakh Rupees loan for MBA education from abroad. Now, many current assets like shares, debentures and NCC can be used as security of educational loan. No need of any fixed asset as security.
After showing your academic certificates , offer letter in which b-school agree to admit you, list of fees of that institute and residence proof, you can get loan from bank.
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