Great Lakes - PGPM & PGDM 2025
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In the changing job market scenario, the MBA is becoming much more important than ever. An MBA is seen as a degree that would not only provide a good career but also increase salary manifold. MBA prepares students to fit into the corporate world. The student is also opting for MBA courses because of the economically beneficial prospects of an MBA, even if this is a costlier course than most other courses. The rise in the demand for MBA courses, despite the cost of the courses, led the banks to offer education loans to students. Read this article to learn about the comparison between Education loans offered by the different private and government banks, terms and conditions as well as interest rates.
In the dynamic scenario of corporates, the importance of having an MBA degree is increasing day by day. MBA is seen as a degree that would not only fetch a good career but at the same time would increase the salary manifold. Furthermore, an MBA provides the opportunity to pursue courses from any background if one has a three-year bachelor's degree courses. Applicants can opt for an MBA education in different B-Schools by appearing for different examinations like CAT, GMAT, XAT, etc. Therefore, students who are choosing their career path after their Bachelors can pursue an MBA for better career opportunities. MBA prepares students in the domain of finance, marketing, management, international business, human resources, operation, and global supply chain management, to fit into the corporate world. The candidates, both freshers and working professionals are opting for an MBA, despite its high cost, either to shift the domain and industry or to get a better salary package. In both cases, economic profitability takes center stage. The recent news of students of ISB, Hyderabad, getting a whooping 229% increase in the pre to post-salary after an MBA highlights the importance of an MBA. Apart from the higher chances of employability, this idea of economic gain in the longer run has led students and applicants to look for student loans to pursue an MBA. Due to the high demand from the students, the government and the privately run banks provide education loans to the students. The interest rates can be varied from 8 to 12 percent, depending on the banks and conditions. Students who have taken loans are liable to repay the loans after the completion of their courses or the commencement of their jobs.
Here is the list of some of the Government and Private Banks that provide MBA education loans. At the same time compare the loans offered by government-run Indians Banks as well as their terms and conditions, and interest rates.
Banks | Loan | Interest Rates | Terms and Conditions | Repayment | Rate Type | |
State Bank of India | Upto INR 7.5 Lakhs | 08. 15% | Should be Indian Nationals Secured admission to Professional/ | To be paid in EMIs over a maximum repayment of 15 years in 18 EMIs. EMI starts 12 months after the completion of the course or 6 months after getting the employment, whichever is earlier. | Floating | |
Above INR 7.5 Lakhs | 08.15% | |||||
Punjab National Bank | PNB Saraswati |
| Resident of India Admission to the regular full-time Degree and Diploma courses of the Premier Institutions that are listed Programs at prestigious institutions like IIMs IITs IISc, XLRI | Maximum up to 15 years Repayment starts, one year after the completion of the course | Floating | |
Upto INR 7.5 Lakhs | ||||||
Above INR 7.5 Lakhs | ||||||
PNB Udaan | 9.25% to 12.75% P.A. | Resident of India
| Maximum up to 15 years Repayment starts, one year after the completion of the course | |||
Upto INR 7.5 Lakhs | ||||||
Above INR 7.5 Lakhs | ||||||
PNB Pratibha | 8.20% to 11.90 % P.A. | Admission to regular full-time Degree or Diploma courses or PG Degree or Diploma Courses of Premier Institutes that are listed. Eligible for part-time Post Graduate Programs in Management for Executives at IIMs, part-time Certificate Courses at ISB Hyderabad & Mohali campus, Post Graduate Program at IIM, Three-year part-time weekend Post Graduate Diploma Program at XLRI, and Post Graduate Diploma in Management (B & FS) at NIBM Pune. | Maximum up to 15 years Repayment starts, one year after the completion of the course | |||
Upto INR 7.5 Lakhs | ||||||
Above INR 7.5 Lakhs | ||||||
Bank of Baroda | Baroda Gyan | Floating Upto 7.5 Lakhs 11.15% | Graduation courses: BA, B.Com, B.Sc.,/Post-Graduation courses: Masters & PhD./ Professional courses like engineering, medical, agriculture, veterinary, law, dental, management, architecture, computer, etc. The student is of Indian National. | The loan is repayable in a maximum of 10-15 years after the moratorium period and with a maximum of 120 installments. In case of a loan of more than 7.5 Lakhs, the maximum number of installments is 180. | Fixed and Floating | |
Fixed Upto 7.5 Lakhs (Fixed)- 11.40% | ||||||
Baroda Scholar | Floating - range from 9.70%- 1170 % depending on the institutions Fixed- Ranging from 11.40- 13. 70% | Graduation courses: BA, B.Com, B.Sc.,/Post-Graduation courses: Masters & PhD./ Professional courses like engineering, medical, agriculture, veterinary, law, dental, management, architecture, computer, etc. Certificate courses in the premier institute. The student is of Indian National. Applicants of study abborad. | The loan is repayable in a maximum of 10-15 years after the moratorium period and with a maximum of 120 installments. In case of a loan of more than 7.5 Lakhs, the maximum number of installments is 180. The moratorium period - Course period + 1 year. | |||
Axis Bank | 4- 7.5 Lakhs | 14.7% P.A | Citizen of India Have admission to an MBA/PGDBM College Co-applicant should be able to produce income-proof Cibil Score should be healthy above 700 | 7-8 years (One has the option to start the loan repayment after a moratorium period of 6 months to 1 year) | Floating Loan | |
Above INR 7.5 Lakhs | 13.7% P.A | |||||
Union Bank | IIM Ahmedabad (Upto INR 35 Lakh) | 8.10 % P.A+ 0.10% | A bachelor’s degree in any of the disciplines. Minimum completed age of 25 years A valid GMAT / GRE score. Minimum 4 years of full-time work experience after completion of graduation. | The maximum repayment period is 15 years (after completion of the course) or up to 60 years of age of the borrower, whichever is earlier. ( Repayment stars from the next month after the completion of the course) | Floating | |
IIM Kozhikode (Upto 14 Lakh) | 8.10% + P.A + 0.75% | Working Executives | The maximum repayment period is 15 years (after completion of the course) or up to 60 years of age of the borrower, whichever is earlier. ( Repayment stars from the next month after the completion of the course) | |||
IIM Jammu | 8.10% + P.A + 0.75% | Working Executives | The maximum repayment period is 15 years (after completion of the course) or up to 60 years of age of the borrower, whichever is earlier. ( Repayment stars from the next month after the completion of the course) | |||
IIM Indore | 8.10 % P.A+ 0.10% | Bachelor’s Degree or its equivalent Completed at least 5 years of full-time managerial/ professional experience | The maximum repayment period is 15 years (after completion of the course) or up to 60 years of age of the borrower, whichever is earlier. ( Repayment stars from the next month after the completion of the course) | |||
IIM Lucknow ( Upto 26 Lakh) | 8.10 % P.A+ 0.10% | Bachelor’s Degree or its equivalent Completed at least 5 years of full-time managerial/ professional experience | The maximum repayment period is 15 years (after completion of the course) or up to 60 years of age of the borrower, whichever is earlier. ( Repayment stars from the next month after the completion of the course) |
Different Banks provide education loans for MBA courses in reputed institutions like IIMs. Apart from the different credentials and terms and conditions that different banks have, there are also some common eligibility criteria for MBA education loans. Here is a list of the eligibility criteria:
You must be Indian Nationals.
You must have been taken admission in the institution, that the banks prefer.
Most of the banks provide study loans for MBAs to individuals up to 35 years of age.
Bachelor’s Degree or its equivalent
The percentage of marks obtained at the bachelor's degree should be a minimum of 50 or equivalent CGPA
Some of the Banks require a minimum work experience of a minimum of 5 years.
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Here is a list of expenses that are covered under the education loans provided by most of the banks in the education loans for MBA.
Hostel Fees or the Accommodation Fees.
Tuition Fees along with Caution deposits, building funds, and refundable deposits among other expenses.
Examination, Library, and Laboratory Fees including the expenses for the books and study materials.
Travel expenses.
Purchase of Laptops and other electronic gadgets or equipment that are required to complete the course.
Any other expenses required to complete the course- like study tours project work, thesis, etc.
Even the cost of a two-wheeler is covered as part of an MBA education by some of the leading banks.
Several banks provide education loans for the MBA course which has its benefits. Students need to think and decide which student loan is best for them depending on the interest rates, repayment period, etc.
No. One can not get an education loan for an MBA at a 0% interest rate.
The time for the repayment of loans taken for an MBA could vary between 8 to 15 years depending on the terms and conditions of the type of loan and banks. It also depends on the amount of the loan as well.
The education loan in ICICI Bank ranges from 9.5% per annum to 14.25%
With a 65 percentile in CAT, getting admission to USMS (Guru Gobind Singh Indraprastha University) may be difficult, as its cutoff is usually 75-85 percentile or higher for the general category.
However, you can consider other good MBA colleges that accept 60-70 percentile in CAT, such as:
Christ University, Bangalore
Institute of Public Enterprise, Hyderabad
Amrita School of Business, Kochi
PES University, Bangalore
KIIT School of Management, Bhubaneswar
Rajagiri Centre for Business Studies, Kochi
Army Institute of Management, Kolkata
Research their admission criteria, placements, and faculty to choose the best fit.
Hello
With a 65 percentile in CAT , USMS (GGSIPU) admission is difficult as its cutoffs are usually higher. However, you can explore private and tier-2/tier-3 MBA colleges that accept lower CAT scores.
Options to Consider:
1. Private MBA Colleges :
Amity University, Noida
LPU (Lovely Professional University)
Alliance University, Bangalore
Christ University, Bangalore
Apeejay School of Management, Delhi
2. B-Schools Accepting Lower CAT Percentile :
BIMTECH (PGDM-Retail/IB/Insurance)
XIME Bangalore
ITM Navi Mumbai
IPE Hyderabad
Jaipuria Institute of Management
3. Other Entrance Exams :
Appear for MAT, CMAT, XAT (low percentile accepted by some colleges)
Consider state-level exams like MAH CET, KMAT or TANCET .
Hope this gives you the clarity you need.
Hello there,
With your
academic profile (General, Male, Non-Engineer)
, you should
target MBA colleges that focus more on CAT percentile than past academics.
Target Colleges & Minimum CAT Percentile:
You
can
get a good MBA college with
strategic applications
and
high CAT/XAT percentile.
I hope this answer helps you. If you have more queries then feel free to share your questions with us we will be happy to assist you.
Thank you and wishing you all the best for your bright future.
Hi,
As per your given JEE Main percentile which is 88.34 in the SC Category, Your Predicted JEE MAINS 2025 rank may range between 147086 - 170102.
Based on the previous year analysis, According to your JEE MAINS percentile and category you have less possibility of getting a seat for admission in NIT Surathkal.
Some of the other colleges in which you have chances to get admission includes:
You can predict more colleges using the JEE MAINS 2025 college predictor tool.
Hope this information will help you
With your academic background, you have a good chance of getting into some of the top IIMs. Here's a breakdown of your profile:
- Class 10:91.6% - Excellent!
- Class 12:66% - Average, but not a deal-breaker
- B.Tech Computer Science: 8.4 CGPA - Very good!
Assuming you score well in CAT , here are some IIMs you might have a good chance of getting into:
- IIM Ahmedabad: Although the qualifying CAT cut off is 85 percentile, the final cut off typically goes up to 99-100 percentile.With a good CAT score, you might be considered.
- IIM Kozhikode: The CAT cut off for IIM Kozhikode is typically around 95-98 percentile. Your academic profile and a good CAT score might make you a competitive candidate.
- IIM Indore:The CAT cut off for IIM Indore is typically around 90-95 percentile. With a good CAT score and your academic background, you might have a chance.
Keep in mind that CAT cut offs can vary from year to year, and other factors like work experience, extracurricular activities, and personal interviews also play a significant role in the admission process.
To increase your chances, focus on scoring well in CAT, and make sure you have a strong overall profile.
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