FAQs

Industry work experience can be a factor in graduate admissions, but it is not necessarily a deciding factor. The admissions committee will consider the entire application package, including academic record, references, and other relevant information. However, applicants with prior work experience in the industry related to their desired program may have an advantage in terms of demonstrating their commitment to the field and their ability to apply their knowledge in practical settings.

1. Location: Where is the university located? Is it in a city, suburb, or rural area? Is it close to family and friends? 2. Cost: What is the estimated cost of attending the university, including tuition, housing, and living expenses? 3. Program: What are the specific programs offered? Are they accredited? Are they tailored to your specific goals and interests? 4. Student Life: What is the student life like on campus? What types of activities, clubs, and organizations are available? 5. Faculty: What are the qualifications of the faculty? Are they experienced and knowledgeable in the subject matter? 6. Rankings: What are the university's rankings for academics, research, and overall experience? 7. Reputation: What is the university's reputation in the industry and with potential employers? 8. Support Services: What types of student services and resources are available.Are there counselors, career advisors, and other support services available.

Universities typically evaluate applicants based on a combination of factors, such as academic performance (GPA, test scores, course selection, etc.), extracurricular activities, essays, letters of recommendation, and interviews. Universities may also consider an applicant's background, such as socioeconomic status, race, ethnicity, and gender, although these factors are typically considered only in the context of the university's commitment to creating a diverse and inclusive learning environment.

Education loans for MBA can be beneficial for students who are looking to finance their education in order to pursue their career ambitions. An MBA can open up many doors and can provide the necessary knowledge and skills needed to succeed in the business world. An MBA will also provide the necessary network of contacts and resources that can help to further one's career and professional development. With an education loan for MBA, students can access the necessary funds to pay for tuition fees, books, living expenses, and other related costs. This can be a great way to manage your finances and to ensure that you get the most out of your MBA degree.

The fees for MBA programs at top B-Schools in India vary considerably. Generally, the fees for an MBA program range from Rs. 10 lakhs to Rs. 25 lakhs.The most expensive programs are offered by the Indian Institutes of Management (IIMs). The fees for the two-year MBA program at the IIMs range from Rs. 18 lakhs to Rs. 25 lakhs. Other premier institutes such as the XLRI Jamshedpur, SPJIMR Mumbai and MDI Gurgaon also charge fees in the range of Rs. 15 to Rs. 20 lakhs for their two-year MBA programs. Many other B-Schools such as FMS Delhi, JBIMS Mumbai and IITs also offer two-year MBA programs. The fees for these programs range from Rs. 10 lakhs to Rs. 15 lakhs. The fees for one-year MBA programs offered by some institutes are significantly lower than the two-year MBA programs. The fees for these programs range from Rs. 3 lakhs to Rs. 7 lakhs.

The following documents are required to avail an education loan for an MBA: 1. Loan application form duly filled and signed by the student or Digital Form Submission 2. KYC documents of the student and co-applicant, if any. 3. Proof of income of the co-applicant, if any. 4. Mark sheets and certificates of 10th and 12th standard examinations. 5. Admission letter from the institute. 6. Proof of admission fee, course fee and other related expenses. 7. Collateral security documents, if applicable. 8. Bank statements of the student and coapplicant, if any, for the last 6 months. 9. A detailed study report of the course. 10. Recent passport-sized photographs of the student or Selfie if student using Digital Journey.

Tax benefits may be available under Section 80E of the Income Tax Act, 1961. It's best to consult a tax professional or the lender for more information.

The eligibility criteria can vary depending on the lender, but generally, an applicant must be an Indian citizen, have a good credit score, and demonstrate a steady income or a co-signer.

The loan amount can vary depending on the credit score of the borrower & the cost of the MBA program. We may offer up to 100% of the program cost, while others may have a maximum loan limit.

Collateral may be required for some loan options, but there are also unsecured loan options available where no collateral is required, with us.