Loan for MBA

[pooja]

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Hello sir, with low budget I could not able to do MBA. Is there any loan provider for MBA? Please provide me loan for MBA?

[pawan]

MBA is the most popular master's degree among Indian candidates with over 2,15,000+ aspirants appearing for CAT , approximately 30,000 undertake GMAT in India.

The decision to pursue an MBA needs significant amount of financial planning due to the rising costs of education.

MBA stands for Master of Business Administration. It is one of the most popular postgraduate courses in India today.

Every year in India, lakhs of students appear for entrance exams of institutes that offer MBA programs.

Before deciding to apply for a MBA program, people need to plan their finances because the course fee is very high. The best option is to apply for an education loan.

There are many banks in India that offer education loans to students for pursuing MBA in India and abroad.


List of Top Colleges for MBA / PGDM in India:

Indian Institute of Management, Ahmedabad (IIM-A).
Indian Institute of Management, Bangalore (IIM-B).
Indian Institute of Management, Calcutta (IIM-C).
Indian Institute of Management, Lucknow (IIM-L).
Indian Institute of Management, Kozhikode (IIM-K).
Indian Institute of Management, Indore (IIM-I).
Department of Management Studies, Indian Institute of Technology, Delhi.
Department of Management Studies, Indian Institute of Technology, Madras.
Indian Institute of Technology, Roorkee.
Faculty of Management Studies, Delhi.
XLRI Xavier School of Management, Jamshedpur

Top Education Loan Providers in India to Study MBA:

S.No. Bank Name Max. Loan Amount (in Rs.) Interest Rate Repayment/Payback Tenure
1 State Bank of India Upto 30 Lakhs for top IIMs and top-rung institutes 9.35%-10.70% 7 to 12 years

Girls will have 0.50% concession
2 Oriental Bank of Commerce Upto 25 Lakhs for Category A institutes, Upto 10 Lakhs for Category B institutes 10.25% to 10.75% Upto 15 years
Girls and SC/ST category students will have 0.50% concession

3 Allahabad Bank Upto 20 Lakhs depending on the institute For IIMs: 8%, 7 years
Others: 10%

4 Bank of Baroda 10Lakhs, upto 20Lakhs for premier institutes 10.5% to 11.5% 5 years
Girls will have 0.50% concession
Added concession of 1.00% for students of premier schools (IIM, IIFT, XLRI etc.)
5 Canara Bank Upto 20 Lakhs 10.65% 10 to 15 years
6 Axis Bank Upto 10 Lakhs 15% 7 years
Girls will have 0.50% concession
7 Punjab National Bank Upto 20 Lakhs 8.15% to 8.75% 10 to 15 years
8 IDBI Bank Upto 20 Lakhs 9.70% 10 to 15 years
9 Avanse DHFL Upto 10 Lakhs 11.50% 10 years
10 UCO Bank No ceiling 10.60% 10 to 15 years
11 ICICI Bank Upto 10 Lakhs As decided by bank upon amount usage. 5 to 7 years
Girls will have 0.50% concession
12 HDFC Bank Upto 10 Lakhs 14.50% 15 Years
13 Union Bank 20 Lakh 10.25% 15 Years
14 Bank of India Upto 30 Lakh 9.95% to 10.45% 10 to 15 years
Girls will have 0.50% concession
15 Central Bank of India 30 Lakh 9% 15 years
Girls and SC/ST candidates will have 0.50% concession