An education loan for an MBA can be a good option for individuals who want to pursue an MBA but lack the financial means to do so. The loan can be used to cover the cost of tuition, books, and other expenses associated with the program. Additionally, an MBA can lead to career advancement and higher earning potential, which can help the individual repay the loan in the long run. MBA remains the most popular master's degree among Indian aspirants with over 2,15,000+ aspirants appearing for CAT, approximately 30,000 undertake GMAT in India.
The decision to pursue an MBA needs significant amount of financial planning due to the rising costs of education. However, it is important to consider the long-term financial implications of taking out a loan and to carefully research and compare loan options before making a decision.
At Auxilo we understand the complexities around choosing the right institute and not letting cost in between the you and the Institute you deserve to join in.
With flexible repayment options and competitive rates, we make it easy to finance your MBA in India.
We encourage students to apply for an education loan and undergo a loan evaluation process even before the admission process begins. This helps students plan their finances in advance and choose the colleges of their choice.
Auxilo offers loans covering both tuition fees and living costs with no upper cap on the value of the loan. So, now it is possible to avail a loan for the complete cost of education and that too with flexible collateral norms.
Auxilo also offers non-collateralised loans for selected courses and Institutes at attractive rate of interest.
The loan application process is simple, convenient and door-step service is provided to the students and parents.
Auxilo's tailor made loan solutions and quick turn-around time has made financing education with Auxilo's loan offering a popular choice amongst students and parents.
An MBA in India can be a great choice for individuals looking to advance their careers and increase their earning potential. Some of the reasons why one might consider an MBA in India include:
India's economy is one of the fastest growing in the world, and an MBA in India can provide opportunities to work with companies and organizations that are driving this growth.
An MBA in India can provide exposure to a diverse student body, international faculty and a curriculum that is globally relevant.
An MBA in India can provide access to a large and growing alumni network that can be valuable for career advancement.
India offers a wide range of MBA programs, from traditional two-year full-time programs to one-year executive MBA programs and online MBA programs. This allows students to choose the program that best suits their needs and goals.
MBA programs in India tend to be more affordable than in other countries, making it accessible to a wider range of students.
MBA programs in India have a strong focus on developing practical skills, such as leadership, problem-solving, and strategic thinking, which can be valuable in the workforce.
However, it is important to evaluate different MBA programs, research the institution and the curriculum, and consider your goals and aspirations before making a decision.
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 approval process can take anywhere from a few days to a few weeks, depending on the lender and the completeness of the application.
A: Yes, there are various scholarships available for MBA in India. These scholarships are offered by the government, institutes, and private organizations to financially support students who wish to pursue MBA.
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.
Collateral may be required for some loan options, but there are also unsecured loan options available where no collateral is required, with us.
