Can I get an education loan if I get the admission call from IIM for MBA after qualifying CAT exam?
The fee structure of MBA in IIM is more than 18 lakh rupees.
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1 Answer
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Hi Murali,
If you get admission into an IIM, getting a loan is very easy process. All the banks like SBI and CBI provides education loan at a decent rate. In fact you can go to the IIMs after admission and you'll find a lot of bank personals sitting there and ready to give you a loan in just 5 mins. There are no collaterals needed.
Remember that when you get into an IIM, you will most probably get a good job and then paying back 18 lakhs or more (in a span of 5-8 years) wouldn't be a risk for a bank and they are always sure that they'll get their money back. Hence, they are always more than happy to offer you a loan for such prestigiou...more
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