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EDUCATION LOAN FOR MANAGEMENT STUDIES 

Education loan is available for most of the good MBA/ PGDBA course at a very competitive rates now days .

You can get loan for following expense ( Will vary from bank to bank) :

*    Fee payable to college/school and hostel.
*    Examination/Library/Laboratory fee.
*    Purchase of books/ equipment's/instruments/uniforms.
*    Caution deposit/building fund/refundable deposit supported by Institution bills/ receipt.
*    Travel expenses/ passage money for studies abroad.
*    Purchase of Laptops/  computers-essential for completion of the course.
*    Any other expenses required to complete the course- like study tours, project work, thesis etc.
*    Cost of a two wheeler

Call from more than 1 Institute/ AICTE Approval
Make sure you are satisfied before you join it. Check their placement records, the infrastructure and facilities.
Morethan1offer.htm
  Discussion: Final Admission Call from a good Institute : Is it beginning or the end
Final Admission call from a good management institute is definitely a dream come true for the MBA aspirants,
GD_Final Call.htm

Most of the bank offer repayment holiday of course duration + 6 months to 1 year and you can pay back loan in installments in around 5 to 10 years . The loan interest  rate changes often , and will be around 10 %.

The documents required may vary depending upon the amount of loan you need. Following is list of some of the documents :
- Mark sheet of last qualifying examination
- Proof of admission to the course
- Schedule of expenses for the course
- Copies of letter confirming scholarship, etc.
- Identification support documentation like Passport , Voters card, PAN card  etc
- Brief statement of assets and liabilities of borrower.


If you loan amount is high (usually if more than 8 Lakh ) the bank may ask for tangible Collateral
security of suitable value of loan .  Some banks may ask for a third party guarantee .

Links of some of the banks offering student loans :
http://www.sbi.co.in/viewsection.jsp?lang=0&id=0,1,20,118
http://www.allahabadbank.com/educationloan.htm
http://www.bankofbaroda.com/pfs/eduloans.asp

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