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Financial Support System

An Education Loan is a form of financial support from any bank or financial institution that enable a student for taking higher education. Availability of the education loan, at the appropriate time will help millions of deserving bright young Indians to achieve their dreams come true. All graduation, post-graduation and professional courses from institutes approved by the state and central government and also from foreign universities are eligible for a loan. Several institutes/ colleges have tied up with various banks, for the benefit of prospective students. For studies in India one can get loans up to Rs. 7.5 lakh and up to Rs. 15 lakh for studies abroad. Before giving the loan, banks study the viability of the borrower based on personal discussions with the student, family's assets and annual income, the nature of the course and reputation of the institute.

  • In most banks for loans up to Rs. 4 lakh no collateral or margin is required and the interest rate will not exceed the Prime Lending Rates (PLR).
  • For loans above Rs. 4 lakh the interest rate will be PLR plus 1 percent. PLR is a term used to refer the interest rate of the bank and it may vary with each bank.
  • Some banks offer lower rates to women students or those from specified institutions.
  • Security to the loan depends on the amount. Security is some form of investment (i.e bank deposits, house property etc) that are surrendered to the bank while taking the loan. Security is not needed for loan amounts up to Rs. 4 lakhs. Instead of security, some bank may ask for a third party guarantee (guarantor) for higher loan amounts.
  • There is no need to repay the loan while studying. The repayment starts after you have finished the course or started working. The repayment cannot be delayed for years after the completion of course.
  • The loans are to be repaid over a period of 5 to 7 years with provision of grace period of one year after completion of studies.

IBMT is around the Top 5 MBA Colleges in Bangalore, India which likewise incorporates courses to advance the correspondence, presentation, imagination, social aptitudes and group building abilities in an individual. Learning and educating to the scholars. There are some cheapest MBA colleges in India. They achieve this by ensuring an optimum MBA admission fee structure while still employing the best teaching faculty. Join some of the Cheapest MBA Colleges in Bangalore, India by enrolling into MBA courses and availing the MBA scholarships in India. The cheapest MBA colleges in India also provide the best management education India. Some of the cheap MBA colleges in India also are listed in the Top 50 MBA colleges in India and top 20 MBA colleges in India

Government of India in consultation with Reserve Bank of India (RBI) and Indian Banker's Association (IBA) has framed a Comprehensive Educational Loan Scheme to ensure that no deserving student in the Country is deprived of higher education for want of finances. The new scheme covers all type of courses including professional courses in schools and colleges in India and abroad.

Please click on the name of the banks below to access the details of the education loans provided by them-

Scholarship Offer

PremPrabhat Educational & Cultural Trust is a private Trust created out of family assets of various members who have gifted part of their wealth for charitable purposes. Specific mention is made to the two categories of students: (1) talented meritorious students from financially challenged back ground; and (2) the girls in general for higher and other professional, vocational education.

Rajiv Gandhi Academy For Professional & Advanced Learning (RAGPAL) Trust has been created to take forward the vision of Late Sh. Rajiv Gandhi who saw a leading role for India in the 21st century. The Trust activities are focused on supporting educational and cultural activities. The Specific mention is made to the regions lying away from the mainstream and the marginalized sections of society. The trust places special importance to the students from Northeastern region, minorities and the women candidates. Candidates who have excelled in the field of sports, cultural activity, creative and performing arts and those who have made extraordinary contribution in the social sector, NGO activity will be given preference.

Allahabad Bank Andhra Bank
Axis Bank Bank of Baroda
Bank of India Bank of Maharashtra
Bank of Rajasthan Canara Bank
Catholic Syrian Bank Central Bank of India
Cosmos Bank Credila's Education Loan
Dena Bank Development Credit Bank
Dhanalakmi Bank Federal Bank
Indian Bank Indian Overseas Bank
J&K Bank Karnataka Bank
Oriental Bank of Commerce Punjab and Sind Bank
Punjab National Bank State Bank of Bikaner and Jaipur
State Bank of Hyderabad State Bank of India
State Bank of Indore State Bank of Mysore
State Bank of Saurashtra State Bank of Travancore
Syndicate Bank UCO Bank
Union Bank of India United Bank Of India
Vijaya Banks

    Desirable Qualifications:

  • The candidate must be a citizen of India by birth
  • The candidate must not have failed or have any back paper in any previous examination.
  • The candidate, in case of male, must exhibit financial need based on parental income duly certified by designated authority.
  • In general girls are preferred for these scholarships but they must demonstrate above average academic achievements, or achievements in sports, cultural activity, NCC, NSS scouts & guides and / or social service etc.
  • Special consideration may be given to candidates from the Northeastern region.
  • Types of Financial support:

  • Monthly stipends
  • Free Lodging / boarding
  • Fee subsidy
  • Sponsorship for study abroad
  • Study material / study equipment support
  Contact Info

Institute Of Business Management & Technology
#298,100 Feet Ring Road, Banashankari 3rd Stage,
Bangalore - 560 085. India.
: +91 9008026666, +91 9008026668
: admission@ibmtedu.org

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