Can I get study loan for IIM?
The interest rate offered to an IIM aspirant for a student loan varies for different banks & financial institutions. Although, you can avail an education loan at an attractive rate of interest between 8.5\% to 10\%. Subsequently, you can avail a maximum loan amount upto Rs. 30 lakh.
Which colleges are eligible for education loan?
Only applicants of recognized colleges/ universities recognized by UGC/ Govt./ AICTE/ AIBMS/ ICMR etc. are eligible….List of colleges approved for education loans in India.
| Category-1 | |
|---|---|
| 1 | Indian School of Business (ISB), Hyderabad |
| 9 | Indian Institute of Management (IIM), Kozikode |
Is education loan available for MBA?
MBA Education Loan Options Education loans for MBA in India are offered by Public Sector banks like State Bank of India, Punjab National bank, Central Bank of India, Punjab & Sind Bank, Dena Bank, Canara Bank among others.
Can I get student loan for MBA?
Today, loans for MBA admission are available with almost all major banks. Some banks even have tie-ups with some of the premier institutes. These banks offer the students a special rate of interest which is normally lower than the market rate of interest.
How much education loan can I get India?
In general, you can get up to 4 lakhs of educational loan for higher studies without any collateral. Under education loan scheme, you can get a maximum of 15 lakhs for studies in India and more 25 lakhs for abroad studies.
Can a fresher get admission in IIM?
Answer. Yes definitely you can get into all IIMs except IIM B which prefer work experience students a lot. Even in IIM B you have a chance of getting a call letter of your academic records are excellent. Don’t worry about weightage of work exexperience, in every IIM’s batch there are 30-40\% freshers.
How can I get an education loan for studying in IIM?
Because of the top-notch placements from the IIMs, getting an education loan for studying in an IIM is quite easy. There will be several banks that shall willingly give you the loan. You can also look in https://Brainybatch.com for education loan. They provide hassle-free no cost EMI loan.
What is the interest rate offered to an IIM aspirant for student loan?
The interest rate offered to an IIM aspirant for a student loan varies for different banks & financial institutions. Although, you can avail an education loan at an attractive rate of interest between 8.5\% to 10\%. Subsequently, you can avail a maximum loan amount upto Rs. 30 lakh.
What are the benefits of getting admission in IIM?
Getting admitted into a reputed institution like IIM has its own benefits. The students can opt for a pre-admission loan as well as an unsecured loan at low-interest rates. Usually, banks and other financial institutions offer education loans to students who have a good academic record.
How much is the margin money for students in IIM?
The margin money for students in IIM is either very low or nil at times. The repayment period lasts for 15 years. No collateral is required if you’re looking for a loan in one of the IIMs but parents are required to become a guarantor/co-borrower in most cases.