Financing your MBA becomes easier in India

Financing your MBA in India was never a difficult job, especially if you want to do it from a top institute like IIM, ISB, XLRI, SP-JAIN etc.

But now, it has become even easier, both to procure a loan, and then to repay (in terms of interest rates); because of the entry of a lot of other banks who provide loans to students at competitive rates.Traditionally, only a few banks namely SBI, ICICI, HDFC  have been the front runner in providing major chunk of such loans. Now other banks like BOB, Union Bank, Axis bank etc also have come up to speed in getting their share of the pie.

References:

http://www.business-standard.com/india/news/investing-inbetter-degree/390688/

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IIMs hiking fees :

Also, with institutes raising fees this year onwards (2010), more students will want to take loans. IIMC has increase fee by 4.5 lakhs, which makes the total fee 13.5 Lakhs now. The fee for the batch 2010-2012 for IIMA has been revised to Rs 13.70 lakh from 12.5 lakh. IIMB has hiked its fees from Rs 11.5 lakh to Rs 13 lakh from the academic year 2010. Other IIMs and other institutes will also hike fees for sure.

References:

http://timesofindia.indiatimes.com/city/bangalore/IIM-Bangalore-hikes-fees-intake/articleshow/5740778.cms

http://www.financialexpress.com/news/IIM-C-hikes-fees-by-Rs-4-5-lakh/599667/