Can I get loan in SBI for my MBA studies, I have only 50% in my graduation.
Asked by T k
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3 Answers
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Answered by
Sutapa Moitra Working for 28 yrs in garment fashion industy | Guide-Level 14
5 years agoHi,
Banks can finance up to 100 percent of the loan depending on the amount of MBA Education Loan and the category of institute. For most banks, there is no margin money required for an MBA education loan upto Rs. 4 Lacs. For loans above Rs 4 Lacs up to Rs 7.5 Lacs, a third-party guarantee is required. Marks are not the criteria. -
Yes you can surely get loan from SBI. However the quantum of loan will depend on a lot many factors like your graduation score, college in which you have got admission, your requirement, tenure of loan. Banks also insist on a guarantor for giving loan. You need to check with the bank on the details and then take a call as multiple banks/ NBFC give education loan at various rates/ tenures so you need to pick the one that best suits you in terms of flexibility and rate of interest.
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