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If you also have a dream to do Dream MBA and the financial condition is bad, you can still study with the help of education loan.
Education Loan: MBA (Master of Business Administration) studies are the dream of many children in India. Students think that after this study, the fetter will be set and thick salary will also be found which is also true. However, there are many students who are unable to study MBA due to the crisis of money. It is also believed that only the children of the rich can study MBA. If you are also dreaming of studying MBA but are worried how to pay a hefty fee, then this news is for you.
Now you can also do MBA
There are some children who are dreaming of studying MBA, whose family financial condition is not good. Such children often plan to study through loans. At present, there are many such government and private banks, NBFCs and finance companies which are providing education loans. Even if you are planning to do another professional course, you can fulfill your dream with the help of education loan.
How much is the fees?
The fees of the Master of Business Administration in the top colleges XLRI, ISB, IIM and FMS are from Rs 10 lakh to Rs 25 lakh. It becomes very difficult for a middle class or lower class student to study in this situation. However, the education loan can prove to be very helpful, which you can pay after the job.
What is the benefit of education loan?
Education loans also have many benefits. On taking education loan, students do not have to pay any installment at the time of studying. When you complete the course and you get a job, then you can return the loan. The EMI to repay the loan is also not very difficult or much, that is, you can also give loans installments in starting salary.
Which banks make education loan offers?
Among government banks, banks of Baroda, SBI and PNB, including other banks also provide loans. Many finance companies including Axis Bank, HDFC Bank, ICICI Bank also provide education loans in private banks.
How much does it feel interest on loan?
The biggest question arises that what are the rates of interest on education loan? Education loans cost 8-12% interest rate. Students of Minorities/SC/ST or Credit Guarantee Scheme are also provided subsidy at interest rates. Students can apply for education loan by going to bank or branch.
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