Education Loan for MBA | Get Loan Assistance | Akemi B School

Education Loan

LOAN ASSISTANCE

We provide 100% assistance for processing of education loan from all banks.

We are affiliated to Savitribai Phule Pune University , duly recognized by AICTE and Govt. Of Maharashtra, hence loan from any public, private or nationalized bank should be easy to avail as per the guide lines of RBI.

GET INFORMATION

Loans to Indian nationals for pursuing approved courses leading to graduate/postgraduate degree and PG diplomas conducted by colleges/universities recognized by UGC/Govt./AICTE/AIBMS/ICMR, etc. Reputed professional and technical courses are also considered. Approval can be checked on www.ugc.ac.in, www.education.nic.in, www.aicte.org.in. Loans for courses in reputed foreign universities are also granted. Indicative list is available at www.webometrics.info.

Eligible Expenses For Education Loan

Fees payable, accommodation charges, exam and library fees, reasonable expenses for books and equipment including computer, travelling expenses abroad and other reasonable expenses required to complete course.

Quantum Of Finance

Rs. 10 lakh for study in India and Rs. 20 lakh for study abroad. Banks may consider lending higher amount in special cases at their discretion.

Margin Money

Nil for loan up to Rs. 4 lakh. 5 percent and 15 percent respectively for study in India and abroad on loan above Rs. 4 lakhs.

Security

Up to Rs. 4 lakh- No security, parents to be joint borrower. Between 4-7.5 lakhs- along with parents collateral security in form of third party guarantee. Above 7.5 lakhs- Parents to be joint borrowers+tangible collateral security of suitable value required.

Moratorium Period For Repayment

Course period + 1 year or 6 months after getting job, whichever is earlier.

Tenure Of Loan

10 and 15 years for loan up to Rs 7.5 lakhs and above respectively. Interest paid by the students on educational loan in financial year is eligible for income-tax exemption u/s 80 E of IT Act for 8 years.

Loan gets sanctioned by some of the Banks