MBA EDUCATION LOAN in 2024 | IIM Fees 25 lakhs | How to finance MBA? | What is the EMI?

EDUCATION LOAN in 2024 | IIM Fees 25 lakhs | How to finance MBA? | What is the EMI?
🎓 Are you dreaming of pursuing an MBA but worried about the financial burden? In this comprehensive guide, we dive deep into the world of education loans in 2024, focusing on how to finance your MBA, especially with the soaring fees of prestigious institutions like IIM, which stand at 25 lakhs.
🔍 What You'll Learn:
- Understanding Education Loans: Get a clear overview of how education loans work in 2024, including the eligibility criteria and application process.
- IIM Fees Breakdown: An in-depth look at the fees structure of IIM and what it covers.
- Financing Your MBA: Explore various financing options available for MBA students, including scholarships, sponsorships, and loans.
- Calculating EMI: Learn how to calculate the EMI for your education loan with practical examples and factors affecting it.
📈 Why This Video?
- Expert Insights: Hear from financial experts and current MBA students on how they navigated their education financing.
- Practical Advice: Get actionable tips on choosing the right loan option and managing your finances effectively.
- Future Planning: Understand the long-term impact of taking an education loan and how to plan your repayment strategy.
0:00 EDUCATION LOAN in 2024 | IIM Fees 25 lakhs | How to finance MBA? | What is the EMI?
1:00 Reality-1
3:11 Reality-2
3:45 Reality-3
4:13 SBI Scholar Loan
4:30 CBI Cent Vidyarthi Loan
4:45 SBI Scholar Loan - College Categories
6:21 Interest rates on Education loans
6:42 EMI for Education Loans and Repayment of loans
7:30 Tax benefit on education loan
8:28 Process of education loan fees payment
#Educationloan #Emi #MbaEMI

[@hanam_11]

Good videooo ❤❤

[@theiimguy]

Glad you liked it!!

[@adityasrivastava2842]

​@@theiimguy badhiya bhai kuch aur bschool bhi visit kro ibs hyderabad jaipuria

[@winner1155]

​@@theiimguydamn bro i really don't like your face

[@dawnmartin472]

In 2024,don't set new year financial goals without consulting a financial adviser.there expertise ensure a solid plan for success.Building wealth involves developing good habits like regular putting money away in intervals for solid investments.

[@marycox2247]

Thanks for the advice! I'm new to financial planning and wasn't sure where to start.Any tips on finding a reliable financial adviser or resource to guide beginners?

[@derickgarrett7025]

I agree, based on personal experience working with an investment advisor,I currently have $1m in a well diversified portfolio, that has experienced exponential growth.It is not about having money to invest in stocks,but also you need to be knowledgeable, persistent,and have strong hands to back it up.

[@MarieGeorge-xl9bx]

How can I participate in this?I sincerely aspire to establish a secure financial future and am eager to participate.who is the driving force behind your success?.

[@derickgarrett7025]

Eugenia amador is the licensed coach I use.just research the name .You'd find necessary details to work with a correspondence to set up an appointment.

[@MarieGeorge-xl9bx]

I appreciate it, after searching her name online and viewing her credentials,I'm quite impressed.I've contacted her as I could use all the help I can get.A call has been scheduled .

[@user-cr2pd3ic9l]

sir please make the video for best offline coaching for Ahmedabad 🙏🙏🙏

[@MarufAlamUCM]

If possible Sir make a video on Industrial relations in Depth What are the works, Growth etc

[@theiimguy]

Sure thanks for the input

[@Venky_G16]

Thank you sir , very helpful vedio.

[@theiimguy]

Most welcome

[@GURWINDERSINGH-ih6pj]

Sir iim ranchi ke liye highest loan amount kitne ka hoga?

[@Shshshshs4]

Are hostel fees are included in loan ?

[@satyanarayanbehera8554]

i have a query. lets assume I paid fees for SIBM pune by taking a loan, then later I cancelled my admission , but didn't take admission anyother college else as well(drop for prep). then the loan account will be closed after getting refund from college(deducting 1000 charges )

[@bsarya6555]

Good and informative 👍👍🙏🙏👏👏

[@theiimguy]

So nice of you

[@neil9347]

Hello, I have a doubt regarding loan application, as you have mentioned in your videos about how SBI and cbi do not have collateral and repayment period of 15 years, i wanted to know that if I take admission in other business schools, let's say other IIMs and ISB or other B-schools, which do not come under the loans provided by the mention banks, then what are my other options of getting loan with little to no collateral? I'm looking for B-schools offering undergrad courses. Please suggest colleges. Thank You, Neil Fernandes.

[@Aa-bf2bk]

Admission se pehle hi college is asking for 1 year fees along with seat reservation ...so if i take loan after admission will the bank give the amount back which i have paid ?

[@MeowDigest]

Thanks for the video bro

[@theiimguy]

Thanks for all the support

[@JunaidKhan-iv7qh]

How much is the first installment?

[@harshvardhan1937]

Bhaiya mera 10th and 12th mai score acha nhi ha kya mujhe iim milega mai final year mai hu. And mai preparation kar rha hu cat ke

[@memories1236]

I droped my all tension when I see your video thank you for this video your videos is always give benefit to all MBA students who not afford much more money for that type of streams✌

[@theiimguy]

Glad it was helpful

[@user-ff8ts7ju2o]

Sir provide us video, about preparation of cat exam, how much to study, good coaching options, how to manage with work or in college plz sir

[@theiimguy]

You will find all the relevant videos on my channel

[@abiragepadmanabhan8076]

​@@theiimguysir what about IMT Hyderabad where does it belong...

[@user-tq4cb6mv2f]

Sir aplease make a video on proper profile for a finance guy and the certification needed for it if he is a fresher(does nism certificate helps as a fresher) And kitna months ngo work will help a fresher

[@theiimguy]

Sure thanks for the input

[@ViralVideos-fl2fm]

00:03 Financial assistance for MBA aspirants through education loans 01:39 Getting an education loan for MBA is relatively easy during the orientation at B-School. 02:56 Getting an education loan for MBA 04:04 Different loan schemes for MBA education 05:11 Education loans available for top MBA colleges up to Rs. 30,00,000 06:19 Education loan repayment strategies 07:40 Tax deduction available for interest paid on education loan 08:48 Arranging finance for MBA

[@theiimguy]

Great, this will be helpful for the rest

[@Tsukimi9]

Bhaiyaa..... THANkS!

[@theiimguy]

Anytime!

[@mansvi8136]

bhaiya thank u for the video ! it was really needed. I just wish to got admission in IIM vizag

[@theiimguy]

Best of luck

[@mansvi8136]

thank u @@theiimguy

[@atharvabarde6575]

nice

[@theiimguy]

Thank you

[@mahendrakhaire2648]

Plz make informative video on MBA at let age ( 30-40).... Challenges in taking admission, benifits, placements etc...

[@theiimguy]

Okay sure thanks for the input

[@sanchariroy2429]

Parent's signature(co-borrower/co-applicant in this case) is required for Scholar loan under AA category , so for other categories also it's required can be assumed. Verified this from Chief Manager of SBI Chennai branch. Please share exact information since many of us take help from such videos.

[@bkj446]

Exactly. This is true for BoB Digital Educational Loan.

[@rakhi5956]

Yeah! U r right..I've gone through the same process..but finally got MBA loan without any collateral...Are u still facing problem in getting loan...I can help u as a friend.

[@sanchariroy2429]

@rakhi5956 Hi for which collg did you take the loan? And did they ask for parents signature and Itrs and all?

[@kevinjiju7764]

​@@rakhi5956heyyy I'm planning to apply for one...but have a lot confusion can u give some insights

[@siddharthaojha6513]

Sir 1 welingkar ka review plz. Collateral free loan to available hai iss college ke liye. Lekin ye college kaisa hai

[@visarg9628]

Kaun de rha hai collateral free loan plz tell about banks

[@siddharthaojha6513]

@@visarg9628 sbi ke list me hai ye college.

[@4aryannaircoaj428]

Is irma in top 50?

[@prekshajain9740]

Sir can you plz tell Is their any skills required or anything in any MBA college to get the placement ? Or we will gonna learn everything in college? Because i am comfused for ki vo training dege or what?

[@kumargaurav5390]

they will give the training but you should also learn some skills by yourself because without skill no placement is guaranteed

[@prekshajain9740]

@@kumargaurav5390 skills like ;?

[@kumargaurav5390]

@@prekshajain9740 first of all communication is must because when you join MBA you'll have the subject names after this and Ms Excel, powerpoint presentation These are things professors expect when you join MBA and after that they nourish you with some more skills they learnt and then placement happens Hope this helps And also there courses related to particular specializations Like Hr,finance, operations

[@prekshajain9740]

@@kumargaurav5390 okh thank you 😌

[@priyankachourasia4638]

Sir Great lakes is asking full amount before joining so would I get refund if I don't join the program? It is AICT approved but has not mentioned this in the admission offer mail. Can you pls guide sir?

[@nainaamehrotra]

Pgdm for glim c ya glim g? Because even I paid the 1st installment and going to pay my 2nd installment but also waiting for some CAP calls which will be declared post the second installment payment. So even I need to know about their refund

[@satpalsingh-on9ub]

SBI SCHOLAR m.co-borrower ke signatures aur Form 16 and ITR etc.dena pdta h. Pl give correct info.

[@theiimguy]

Not for premiere institutes like IIMs

[@Moxley_77]

Sir jaise bihar sarkar 4 lakh tak ka loan dati hai hm 4 lakh ka loan govt se le le aur jo left amount hoga uska loan bank se le le aisa hota hai?

[@prabhatparashar0987]

hmm kyu nahi 😕

[@Moxley_77]

​@@prabhatparashar0987 teko confirm pta hai bro?

[@harshikavlog235]

Sir first installment me kitna pay Krna hota h ?

[@pratykshgoel]

Depends on college to college

[@Shankar-lz7zs]

Sir after mba in finance can i apply for Fintech job please reply

[@theiimguy]

Yes you can

[@sayan6839]

Bhaiya 15lakh k upar loan q nhi lena chahiye or isme kya kya dikkat hoti hai or us prblm ko cover up sahi tri kese kaise kare ispar vdo banau iya shorts! Plz

[@pratikchaudhari1134]

Kaha bataya yesa ?

[@sayan6839]

@@pratikchaudhari1134 bhaiyak ak vdo me generally 15lkh k upar loan se emi k baad bachta nhi utna and 8 saal lag jate hai and usme shaadi bachat iye sb bhu krna hota hai to paisa save nhi hota..

[@pratikchaudhari1134]

@@sayan6839 which video ?

[@sayan6839]

@@pratikchaudhari1134 i cannot remember bro...but koi sabhi vdo me ak aisa ammnt aya tha ki 15lakhs k upar thoda jhelna padhta hai or iim bhaiya ne reply bhi kiya tha tabse mera dbt tha isiliye puch liya

[@Rohit_chaudhari15]

​@@sayan6839because generally 15 lacks loan pe 40k tak emi padega vo bhi 6-7 saal tak so agar salary sab kat ke 90k inhand bhi mili to load ayega

[@adityabirla6117]

I am getting salary in a joint account with my mother in which I'm a second holder. I have appointment Letter All payslips and other docs.. So would there be any issue if I'm getting salary in joint account Asking this question in context to work ex

[@bkj446]

Hi am a person having work ex. It doesn't matter if you have a joint or individual account. But its better to get a separate account.

[@soumiksarkar9053]

Sir father ka kou documents lagega? For eg income tax or trade license?

[@theiimguy]

No document

[@Thinktank12345]

​@@theiimguymere papa ne ek loan pahle liya hai mujhe loan mil sakta hai sir

[@poke_go_hub]

How to manage first installment payment for admission?? Please make a video 😢😢

[@theiimguy]

Sure thanks for the input

[@AmanSingh-rq6hj]

Sir mene token amount narayana business school me Diya tah for seat reservations. But muje ab withdrawal chaiye toh woh keh reh 85000 me se apka 10k deduct hoke mile gah??

[@theiimguy]

1k hi deduct hona chahiye

[@shashibhushankumar575]

First child ka mai education loan le chuka hu recently. This year, second child ka education loan mil sakta hai ya nahi. I am a father of both .

[@itsgood3494]

Sir I am 32 years old you are so experinced in leadinh a family can you tell how is ur experince since you married ? How much barriers we have to face

[@harshitbanswal7394]

Hey, I wanted to ask, if is it worth taking a loan for the IPM Program. the fees is around 45-50 lakhs. it is a big amount.

[@theiimguy]

Talk with alumni and current students to get a better understanding of the course and see if that aligns with your goals. It will help you in taking a more informed decision.

[@factz_Universe]

Bhaiya GL bajaj me admission lene ke liye loan mil jayega kya

[@rakhi5956]

Yes....I've got the loan without collateral..if u want any help...u can ask 😊

[@unknownbrains371]

​@@rakhi5956do they check you and your father's civil score ? And what documents they asked?

[@factz_Universe]

@@rakhi5956 bank ko kya kya Dena hota h

[@vkworld7309]

After having an academic gap , will i be eligible for education loan??

[@theiimguy]

Yes you will

[@atharvabarde6575]

Sir why only 7.5 lakh loan for IIM Visakhapatnam?

[@theiimguy]

I had paid the rest through my jobs savings

[@sameera4594]

Kya Hostel Fees included hota ha wo 25 lakh ke fees main??

[@theiimguy]

It’s over and above mostly, check with your college on its official website

[@samardeep6625]

Sir repayment of loan after job ho skta hai

[@theiimguy]

Yes

[@theiimguy]

Yes absolutely

[@samardeep6625]

Thanku sir jiiiiiiiiiiiiiiiiii

[@itsgood3494]

Sir can you make a video on Rajagiri Buisness School in Kochi I havd heard it has Good reputaion Can you make a detail video about it like its ROI, Ranking etc. I am considering this college for my younger brother

[@theiimguy]

Sure thanks for the input

[@5MinHeaven]

I have a genuine question sir , i come from a poor finnancial background to sir is it worth taking a loan of 20-22 lacs for GIM or KJ Somaiya???

[@Aa-bf2bk]

Yes

[@paritoshbgmi5425]

Do they cover iits for mba

[@theiimguy]

Yes

[@Princeagriculture-G56]

Thanku bhaiya isab le rha hu

[@theiimguy]

All the best

[@ScienceOffinancee]

Sir which would be better for finance ? IMI kolkata vs MDI murshidabad

[@theiimguy]

Talk with alumni and current students to get a better understanding of the course and see if that aligns with your goals. It will help you in taking a more informed decision.

[@rohitgautam4946]

Bhaiya kya mba karne se pahle internship karna jaruri hai

[@theiimguy]

Not necessarily, but it’s good if you do have

[@rohitgautam4946]

@@theiimguy thankyou bhaiya

[@MR_GAURAV00]

Sir IMT HYDERABAD Kisme aata aur kitne tak ka loan mil jayega

[@abiragepadmanabhan8076]

I have the same doubt is it in c category

[@jiteshkumar9957]

Cibil Score kharaab ho fir bhi mil jaayega kya?

[@theiimguy]

It would be a little tough, but you might still get it

[@Axxay_]

Sir Basically Iam a ST Categery Middle Class Student I Hope You'll Reply On this Comment ... So I Got 98% in 10th , 58 % in 11th and 87% in 12th Which we get an output of 70% in Overall 12th Class .. And 89% in UG BBA .. The thing is that I've Studied in average local Colleges .. So How much Percentage i should Score In My CAT Exam to get Call From IIM's or Similer Top B-Schools .. Hope You Reply on This Comment 🙏🏻

[@Chickenspunk]

Bhai pad le Tera toh 80 mai bhi ho jayega 😂

[@preranaagarwal7791]

Can I get for GREAT LAKES without collateral?

[@RobertSelvaraj]

Yes

[@bkj446]

Every bank gives without collateral nowadays. Do a complete research on this before availing.

[@hariabinash6822]

IIM Visakhapatnam has stated in the offer letter that the term 1 fee of 3.25 lakh rupees must be paid by May 31st. If I pay this fee, will I be able to get it reimbursed through a loan?

[@theiimguy]

Yes absolutely

[@hariabinash6822]

@@theiimguy thank u so much brother

[@sachinchandra.sachin]

I have cross checked All IIMs are under AA category

[@theiimguy]

Great

[@animewala981]

Kya lower middle class ka ladka mba kar sakta hai kya?

[@theiimguy]

Yes you definitely can! There are several scholarships also available for the same.

[@newbiekhyber]

Any loan should be the last option. One need not start his/her career with a debt. If you can't afford an MBA, then don't do an MBA - or do an MBA only when you can afford it. Enticing people to take loans for education is not a good idea.

[@newbiekhyber]

@@ShivShankar0002 This is the state of affairs in India among the youth today. One gets ridiculed for advising the youth not to take a loan. Not taking a loan is a "cheap mentality". Yes, middle-class people can also do an MBA - look for options that the middle class can afford. If one is middle class then it is all the more reason NOT to take a loan. The rich can afford a loan without any problems.

[@10daysAgo]

​@@newbiekhyber But I don't think that even a student with a great financial background will pay 30-40 lakhs from his own pocket .

[@newbiekhyber]

@Ago You are right. So in that case, if one comes from a rich family, repaying that money is easy. But if one comes from the middle class, it can lead to a debt trap. In fact, I am not sure how Abhishek is literally encouraging students to take loans. Not only is it unethical, it may be bordering on being illegal. Imagine a scenario, when a student takes a loan, gets into a debt trap two years down the line, and then blames this very video for his decision. Abhishek could be in deep s**t.

[@newbiekhyber]

@@ShivShankar0002 In a scenario of growing unemployment and lower salaries one needs to be very careful taking any kind of loan.

[@user-mw6ns7jz6g]

Bro my siter got 75% in cat 2023 . One of my cousin brother recommended me to get admitted in Shanti Business School . College ratings are not very bad under IIRF ranking . Theyre charging 9.50 lakhs for 2year MBA course in Marketing. Is it okay to grant loans from bank . Suggest me something that might help me

[@FaizanKhan-zl6ks]

Hi

[@gokup400]

​@@FaizanKhan-zl6ks You you fall under NC OBC, then you can apply for other colleges like IMI Kolkata, IMI Bhubaneswar, IMT Kanpur, IMT Hyderabad, TAPMI, IRMA, NIRMA, BIMTECH, BIM and other similar private colleges. You can apply for NITs also

[@FaizanKhan-zl6ks]

@@gokup400 I m ur cat