Is it possible to get loan for MBA without mortgaging any property? I need to take loan for 8 lakhs?
Is the mortgage for student loan necessary?
Asked by Razor Blake
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3 Answers
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For admission in MBA in the top institutes of India banks like SBI, Axis give student loans without any collateral or mortgage. These banks have a list of top colleges for which they normally provide loans up to 20 lacs without any collateral and the loan processing is also fast. If you have already chosen which college to join, check whether your college is in the list of these banks or not. -
Hi,
Education loan without collateral or non collateral education loan is taken without putting any collateral as a guarantee to the lender. That means applicant can take loan without any security such as house, land or anything. Students can take upto 50 Lacs for their education.
10 Lacs for programs in India and Rs. 20 Lacs for programs abroad. According to the rules, collateral security is not needed for loans up to Rs. 4 Lacs. -
yup if u get chance top 25 college. like iim,IIT,isb,etc
then bank will give loan without property mortgage.
otherwise in any normal college,bank give only 4 lak.above 4lak. then need security.
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