All About Education Loan for MBA
MBA, Master of Business Administration, is one of the most demanding courses in this 21st century. The fame of the Finance, Marketing, Business and Internet Sector is tempting the students to join MBA Courses. High pay scale, Rapid Growing Opportunities and a profile with “Name and Fame” are some reasons for the popularity of MBA. If you dream to have “A Huge Increase in Title and Responsibility”, “To Lead the Marketing and IT Universe”, and “To be the CEO”, then don’t ruin your dreams because of Financial Constraints. If you want to pursue your MBA from India or abroad, you can avail of an Education Loan.
Why should You Do MBA in Finance?
What is an Education Loan?
Education Loan is a financial help offered by the Banks and NBFCs to help a scholar in pursuing expensive education. Different banks in India offer finance which may vary according to the university or college and customers’ requirements. For studies within India, banks offer a maximum Education Loan amount of up to 10 lakh rupees and for abroad studies, it is up to 20 lakh rupees. It may vary according to the banks or NBFCs.
Documents Required for Education Loan for MBA
CATEGORY |
APPLICANT (STUDENT) |
KYC (KNOW YOUR CUSTOMER) |
AGE PROOF |
SIGNATURE PROOF |
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IDENTITY PROOF |
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RESIDENCE PROOF |
The Income Proof Documents required are as follows:
INCOME DOCUMENTS – Education Loan for MBA |
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SALARIED
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Latest 2 Salary Slips carrying the date of joining details |
Latest 6 Months Bank Statement of the Salary Account. |
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SELF-EMPLOYED |
Last 2 Year ITR with Computation of Income |
Last 2 Years Audited Balance Sheet |
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Last 6 Months Bank Statement |
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Proof of Turnover (Latest Sales / Service Tax Return) |
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SELF-EMPLOYED PROFESSIONALS |
Last 2 Year ITR with Computation of Income |
Last 2 Years Audited Balance Sheet / P& L |
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Last 6 Months Bank Statement |
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Proof of Qualification |
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OTHERS |
Completed Application Form |
Latest Photograph (Signed Across) |
Education Loan for MBA Eligibility Criteria
- You need to be a Resident Indian
- You should be aged between 16 – 35 yrs.
- COLLATERAL is required for all loans greater than Rs. 7.5 Lakhs.
- All Loans require a co-applicant.
Avail the Best Education Loan for MBA with the help of Dialabank on the lowest interest rates with easy norms and flexible schemes. Fulfil your dream of pursuing higher education and live a stable, comfortable and happy life. Enjoy the personalized and doorstep services of Dialabank.
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