How to fund your aspiring dreams of higher studies?

Pursuing MBA has been the dream for many aspiring students in India. Most of the parents want their son or daughter to pursue MBA from reputed universities in India or abroad and add flying colors in their career. Today MBA can offer them a secured job options, prosperous future and heavy pay-packets in life ahead. But with the escalating education costs, rising inflation, growing living standards, ultra amenities’ etc. managing higher studies with regular source of income has become next to impossible. Therefore, parents and students constantly stay worried on getting the finances for higher studies. Many of them finally opt to drop their decision of higher studies due to low finances. Relax! Today pursuing MBA has two options perform brilliantly get scholarships or avail an Education loans. Postgraduate studies in MBA will definitely offer you zeniths in life, which you’re trying to attain.

Why Education loan for MBA?

Education loan helps you take an independent approach to your own studies. You parents won’t have to worry about the finance of your education. You’ll be able to finance the education expenses related to exam, travels, living arrangements, laptops computers, books etc. These are the best helping hand for you during your search for right education finance. Education loans for MBA degree programs stand out different from other types of loans as the interest rate is quite low and the repayment schedule can be deferred while the student is still in education.

These loans are approved for students to meet up the costs of a professional MBA degree. Some benefits of taking Education loans would be student can chose to get admission in the dream University. Many Indian students give up their dream of getting admission in top-notch B-school just due lack of funds. But now it is all possible due to these helping finances. Many times while taking admission in foreign university students have to show sufficient proof of funds. Every student has its own set of problems such as getting a visa clearance, fund approvals, slow loan processing, incomplete finances etc. Some of the leading private finance firms have come up with unique and friendly solution for customers such as Pre-Visa Disbursement Loan, Pre-Admission Loan, Certificate of Availability of Funds, GRE score based loan, Bridge loan, fast track loan etc. which cater exclusively to students’ particular requirements and set them free from any form of obstacle in their road for career development. 

These loans make student adapt to increasing financial needs in their way to fulfill their study dreams. There is an easy cash flow available to students while studying. The flexible doesn’t end here. While government banks demand for margin money of around 15-20% of the loan amount to approve education loan, some private finance firms give loans at no margin money costs. The interest rates offered are as low as 12.75% and the processing fee is mere 1-2% of the loan amount being calculated on a case-to-case basis. They design study loans without setting any cap on finance and provide 100% coverage of education costs, making such young talents of India free from unnecessary burdens.

When it comes to repayment these banks or private firms come up with flexible payment options such as EMI payment course, Interest servicing during course & partial interest servicing during course, EMI repayment Post-Holiday /Moratorium period and step up repayment facility. You can look these options and then decide the repayment as per your flexibility. Lastly, incase your existing Education loans are slightly costly in terms of processing and interest rates you can approach other leading firms who can switch over your current loan with Balance Transfer and give peace of mind. You can take the best advantage of the repayment options through their balance transfer offers, so that you start saving money right from the very first month of transfer.

Nowadays, most lending organizations are strengthening their online presence. It makes easy for borrowers to approach them. Documentation process and eligibility criteria are also simplified as well. Fill up form online, produce the requisite documents and within fortnight you’ll get to know on the approval of Education loans.