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Do IIM students get loans?
So quite a few banks offer special loan facilities for students qualified for admission at IIMs….Comparison between various Bank Loans.
| Bank/Loan | OBC’s Customized Education Loan Scheme IIMs, IITs & XLRIs |
|---|---|
| Max Amount | Rs.15 lakh |
| Rate of Interest | Up to 10.50\% |
| Security | Parents/Guardians as co-borrower |
| Margin | Nil |
How is IIM fees paid?
A: IIM Bodhgaya has the lowest MBA fees. For the batch of 2021-2023, it was INR 12.95 lakh. The fees can be paid in instalments and there are scholarships and loan assistance available.
Do we have to pay fees in IIM?
Students who will be offered a final admission will have to pay the IIM Kozhikode fees to confirm their admission. The total IIM Kozhikode fees for the program is Rs 10,00,000 payable in 7 Instalments. For the PGP-Finance program , the total fee is Rs 20,50,000.
How can I finance MBA fees?
MBA education loan is one of the most convenient options to meet your high MBA programme fee….Register now for latest MBA Exam & Admissions Updates.
| MBA College | Fee Structure (Rs. In Lakhs) |
|---|---|
| IIFT Delhi | 17.72 |
| SIBM Pune | 20.72 |
| SPJIMR Mumbai | 17.50 |
| IMI New Delhi | 18.35 |
What is SBI Scholar Scheme?
SBI Scholar Loan covers expenses like fees payable to college, school or hostel, examination, library or laboratory fees, purchase of books/equipment/instruments, caution deposit, building fund or refundable deposit supported by institution bills/ receipts and purchase of computer or a laptop.
How can I get a loan for an admission in IIM-A?
There are plenty of banks that provide very convenient loans to IIM students. With an admit into IIM-A, you need not even worry about a loan. When you go to pay the fee, banks would be there during the registration and you can apply for a loan there itself.
How much do banks charge for margin money in IIMs?
In the case of margin money, almost all banks don’t charge anything but a few of them ask you to pay 5\% (above 4 lakh) of the loan amount from your own pocket. The IIMs being one of the top-premier institutes offer some of the best programs for management but are also known for their skyrocketing fees.
What is the average fee structure of IIMs in India?
The average fee structure of the IIMs range between 15 – 20 lakhs. Thus, it’s not usually possible for students to cover such huge tuition fees, for which availing an education loan is a better financial choice. An IIM student can opt for a maximum loan amount ranging from Rs.20 lakh to Rs.30 lakh.
What is the procedure to get admission in IIMs?
The admission in IIMs is granted on the basis of the Common Aptitude Test (CAT) which is a national-level management entrance exam, held once a year. Despite the fact that IIMs offer loan facilities, the elevated IIM fees structure in the last few years has made candidates think twice before opting for MBA admission in these colleges.