To be eligible for our executive education loans, you need to meet these simple criteria
Do you meet these requirements? Yay! You are eligible for our MBA education loans. As for the third point - if you haven’t secured admission to the university yet, you can still apply for our pre-admission loans to cover the cost of preparation tests, entrance exams, consultancy fees, admission application expenses, etc.
With an educational loan for MBA, you can cover the cost of postgraduate courses, specialist courses, management courses, vocational up-gradation courses or courses leading to a higher professional qualification.
There is no limit on the loan amount. However, the maximum loan amount you can avail will depend on your academic record, your financial background, the courses you plan on pursuing, etc. You can check the loan amount you can avail by using this calculator or you could contact us and schedule a home visit so we can give you a better understanding.
An educational loan for MBA in India is designed around the needs of students. It has much lower interest rates than a personal loan and also provides amazing tax benefits (personal loans do not have any tax benefits).
An education Loan for MBA in India also comes with a feature known as a moratorium period, also known as EMI holiday period. This is a period usually begins from the loan is provided to you and ends after you’ve finished the course. During this period, no repayments have to be made at all. This allows you to concentrate whole-heartedly on your studies! Personal loans do not provide this feature.
It’s optional – you can get an educational loan for MBA without providing any collateral. However, providing security will give you access to higher loan amounts and/or lower interest rates. The choice is up to you!
Here is a list of some of the documents that you would need: