- 10th, 12th, and Graduation Marksheet, as applicable
- Entrance Exam Score Card
- Offer letter from College
- KYC documents of Student, Father, and Mother
- Pan Card
- Aadhar Card
- Current and Permanent Address proof
- 6 Months bank statement of the co-applicant
- Permanent Residence Ownership Proof (Electricity bill, house tax receipt / Water bill) of any of the last three months.
Updated on: 04 Sep 2023
Table of Content A Masters in Business Administration is one of the most popular courses worldwide and rightly so. According to the India Skills Report of 2019, 54% of MBA graduates in 2020 will be employable, a number higher than any other course. That is, an MBA graduate is considerably more employable than a graduate of any other stream. The coveted MBA degree comes at a price, something not everybody can afford. For them, an education loan is a beaming light that will uplift their career to new heights. GyanDhan has collaborated with several NBFCs to facilitate education loans for MBA aspirants in India. The loan covers institutes like IMT, Symbiosis, IIMs, Indian School of Business, XLRI Jamshedpur, SPJIMR Mumbai and many more leading Management Institutes. It is an unsecured education loan, that is the students will not have to pledge security and collateral is not needed. The MBA India Education loan is for students who have secured an offer letter from the institute and is a resident of India, though students can check the eligibility before getting an admit. Check you loan eligibility now. Higher education is an expensive affair whether it is abroad or in India. On top of it, most lenders have margin money, which means the student will have to arrange for a percentage of the amount. However, to decrease the financial worries of the students, the loan covers the entire cost of tuition and living expenses ensuring the students do not undergo any financial strain. Read more about: Expenses Covered Under Education Loan The rate of interest offered for the course starts at 9.5% and can go up to 11%. The list of documents to be submitted to apply for the loan is as follows - GyanDhan has ensured that the process is easy for the students and therefore, students can submit these documents online. Read more about: Documents Required for Education Loan Another great feature of this education loan is that the processing fee is just INR 5900 (Including GST). Usually, the processing fee for unsecured education loans starts at 1% to 2%, which results in a very high amount. But this is a one-time fee irrespective of the loan amount, charged by the lender. GyanDhan does not charge any fees and provides its services free of cost. Moreover, this processing fee is payable only after the loan gets approved and the borrower accepts the terms and conditions of the loan. And therefore, if the loan terms are not acceptable, there won’t be any need to pay the fee. While taking the Education Loan for MBA, the students do not have to worry about any hidden charges. Since the entire loan process is online along with the document submission, the students will not have to shell out any extra charges anywhere. For the majority of the colleges, The applicants will be required to make a mere INR 999 payment per month during the study period once the loan is disbursed. Over and above, they are provided with a maximum loan repayment tenure of 12 years. Read more about: How To Plan Your Education Loan Repayment? Applying for education loans seems to be a lengthy and cumbersome process with a long approval period. However, on applying for the loan via GyanDhan both these misconceptions will be removed. The entire loan process is online and will not require any visit to any branch or office. To make things even more easy, the loan application is processed in just 2 days. Students will be able to track the status of their education loans and be tension-free. This is a high time for MBA aspirants to apply for admission and secure funding. However, due to the lockdown, banking services have taken a hit as a result of which students are stranded with no respite. This is where the GyanDhan-MBA India Education loan will help you. The loan covers full tuition fees and living expenses leaving students to worry only about their education. With other benefits such as low-interest rate, one-time processing fee, no hidden charges, longer loan repayment period, this education loan is one of the best deals students can get in these times. GyanDhan has always strived to make higher education more accessible to students. In these unpredictable times with no guidance in sight, GyanDhan is always there with students providing the best of education loan experiences. Our education loan counselors are working hard to make sure the process is as smooth and easy for the students. If you encounter any problem, our ELCs will be there to guide you through it. Request a callback right away to apply for an education loan and achieve your education dreams. Read Also:
GyanDhan has been the leading platform for abroad education loans for quite some time now. The great presence in the market attracts a big number of students who approach us for education loans for institutes within India. So, to help these students, GyanDhan has initiated to facilitate education loans for MBA in India in collaboration with leading NBFCs (Non-Banking Finance Companies). This step will indeed be helpful to students who will have to pay their tuition fees in the coming months but could not apply for an education loan due to the lockdown. Well, look no further as GyanDhan brings to you the facility to apply for an education loan online for MBA in India. Get Secured Education Loan From The Comfort Of Your Home With Gyandhan
Education Loan for MBA in India: Eligibility, Benefits & Other Details
What is Education Loan for MBA or PGDM?
Loan Eligibility
Expenses Covered
Rate Of Interest
Documents Required
Calculate Your Education Loan EMI Check Here
Processing Fee
Extraneous Charges
Repayment and Loan Tenure
Quick Application and Disbursal
Advice From Senior
Summing Up: Education Loan for MBA or PGDM
First published date: 18 Apr 2020
About author
Vishakha Bhagia
Interest in Finance with a flair for writing, Vishakha has written on education loans and the study abroad field for the last two years with articles published in Times of India, Outlook India, The Hindu, and many more publications.
GyanDhan is India's first education financing marketplace.
