Education Loan for MBA

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Education Loan for MBA @ 9.33%

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Education Loan for MBA

MBA, Master of Business Administration, is one of the most demanding courses in this 21st century. The fame of 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 of 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 an Education Loan.

Avail the Best Education Loan for MBA with the help of Loannow.in on Lowest Interest Rates with Easy norms and Flexible schemes. Fulfill your dream of pursuing higher education and live a stable, comfortable and happy life. Enjoy the personalized and Doorstep Services of Loannow.in.

Education Loan Eligibility

Education Loan 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.

 

Documentation

 Documents

Salaried

Self

ID Proof Co-Applicants :Passport Copy/ Voters ID card/ Driving License/copy of PAN Card Co-Applicants :Passport Copy/ Voters ID card/ Driving License/Copy of PAN Card
Address Proof Co-Applicants :Ration card Telephone or electricity Bill/ Rental agreement/ Passport copy Co-Applicants :Ration card Telephone or electricity Bill/ Rental agreement / Passport copy/Trade license /Establishment or Sales Tax certificate
DOB Proof Co-Applicant's and Student's: Birth Certificate or 10th Class Passing Certificate Co-Applicant's & Student's :Birth Certificate or 10th Class Passing Certificate
Financial Docs Co-Applicant Salaried Individual:

  • Latest 3 months Bank Statement (where salary/income is credited)
  • Employment details:3 Latest salary slips
  • Proof of Continuity current job (Form 16 / Company appointment letter )
  • Proof of Qualification Highest Degree (for Professionals / Govt. employees)
  • Mark sheet of last qualifying examination for school and graduate studies in India
  • Proof of admission to the course
  • Schedule of expenses for the course.

(If purchase of computer is involved, Certificate from the Institution with recommendations to be enclosed).

  • Two copies of passport size photographs from borrower / Co-obligate / guarantor

 

 

Co-Applicant Self Employed Individuals & Professionals:

  • Bank Statements(latest 6 months bank statement /passbook)
  • Qualification proof of the highest professional degree
  • Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA
  • Proof of continuation (Trade license /Establishment /Sales Tax certificate)
  •  Proof of income/copy of the land records.
  • Mark sheet of last qualifying examination for school and graduate studies in India
  • Proof of admission to the course
  • Schedule of expenses for the course.

(If purchase of computer is involved, Certificate from the Institution with recommendations to be enclosed).

  • Two copies of passport size photographs from borrower / Co-obligate / guarantor

 

* Interest rate can vary as per individual's portfolio.
* All loans repayment period are over 6 months. No short term loans.
* Credit at sole discretion of the Banks we have a tie-up with.
* The Organisation do not charge money from customers.