I am a taking a loan of around Rs. 20 lakhs. What do you think, in how many years would I be able repay the loan completely?
Asked about IIM Ahmedabad - Indian Institute of Management - Master of Business Administration (MBA)
Asked by Debasish Deka
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1 Answer
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It would usually take 2-3 years to pay of the loan. However it would totally depend on you when you want to pay the loan. Many people prefer to pay it later as there are tax advantages as well. Also there are a lot of need based scholarships available which reduces your loan burden as well. Hence you need not worry about loan amount too much.
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