Everyone’s Guide to MBA Education Loans for

Working ProfessionalsWorking professionals looking for higher education funds, must be aware of the bank’s processes and have the required papers ready to ensure a smooth funding.

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How to Fund your Higher Education? -1

• Identify the course to pursue• Does it qualify for a loan• Check out total education costs on the

university website• Look for grants/ waivers

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How to Fund your Higher Education? -2

• Get a list of banks that offer loans at attractive interest rates

• Check out banks preferred by your college

• Do you need a guarantor• Do you need collaterals

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How long does it take to get a loan for doing an

MBA?Two weeks to two months

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Documents banks and colleges may need -1

a. Proof of admission or scholarshipb. Expense schedule / cost estimate for

your coursec. Income Tax Statements for the last

three years (if you are employed and those of your guarantor as well)

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Documents banks and colleges may need -2

d. Proof of residencee. Proof of identification f. Statement of assets and liabilities for

yourself as well as your guarantor

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2 reasons why universities waive fees in

some casesMerit of candidate

Exceptional need based cases

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Advantages of loans from universities

• Low interest rates• Colleges can fund upto 100% of the

tution fees• More if there’s a solid reason for it

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