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How to finance MBA programmes @ IIMs ,if recepient belongs to general category.


Anoop Sabu 10th Nov, 2017
Answer (1)
Akshay Kadam 20th Dec, 2017

For financing MBA programmes at IIMs, the best way is to get a loan from banks. When you will be joining IIm so at each many banks come to give their presentation showing about all of their loan schemes. And believe me, at IIMs you will be getting loans in the easiest way at the lowest interest rate. At IIMs you get loans without any guarantee only on the basis of the information that you are enrolled in that institution.

There are no as such fixed scholarships when you will be taking admission at IIMs. Fees are same for all students irrespective of caste category or gender. But once when you will join you will be introduced to the various scholarship from different organizations and governments. There are many scholarships given by the regional government, organizations like Aditya Birla Group and also the central government. Most of these scholarships are based on the parental income, caste and also the academic performance of the student. But you don't need to worry about any scholarship right now, you will be introduced to all the type of scholarships during your session.

At present, you will need to get your loan sanction and carry on with the studies. Don't worry about the payment because you are going into a premier b-school whose ROI is generally very good and you will able to pay your debt in a few years and then there will be growth only.

All the best!!

2 Comments
Comments (2)
20th Dec, 2017
Thank u so much sir.
Reply
21st Dec, 2017
You are always welcome for all your queries!!
Reply
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