Bank MBA loan

I belong to the poor family and want to do MBA course for that have to apply for the Bank MBA so please tell me about the documents required for it?

[Kiran Chandar]

You can apply for the Education Loan from Banks and also from some trusts for doing the MBA program.

For studying abroad you can get a loan of about 15 Lakhs and for studying in India you can get loan of between 4 to 7.5 Lakhs .

Documents required for Education loan
Loan application in bank's format
Passport size photos
Address proof
Age proof
Copies of marks sheets in the qualifying exams
Letter of admission in the course
Prospectus of the course where the course fee is mentioned
Co-borrowers income tax assessment order of last two years
Co-borrowers proof of income (salary slip)

The student must be:
An Indian by nationality
Should have a good academic record
Should have documentary proof of having securing admission to the course through an entrance test or selection process

Education Loan Options for MBA in India
Bank Max Loan Amount
State Bank of India Scholar Scheme Rs 7.5 Lakhs

State Bank of India Non-Scholar Scheme Rs. 10 Lakhs

Oriental Bank of Commerce Rs.7.5 lakh

Allahbad Bank Rs 7.5 Lakh

Bank of Baroda Rs.7.5 lakh

Canara Bank Rs.7.5 lakh

HSBC Secured Loan Rs.25 Lakh

HSBC Unsecured Loan Rs. 7.5 Lakhs