Education Loan MBA
Structured financial assistance tailored for MBA programmes across global universities.
*T&C Apply
How do you turn your MBA dream into reality without emptying your savings? International MBA programmes can significantly boost your career, however the price tag could feel like a financial burden. From tuition fees to living expenses in a foreign country, the financial commitment can feel overwhelming. That’s where an education loan for an MBA steps in, not just as a funding option, but as the bridge between your ambition and your global business career.
MBA Cost in Different Countries
| Country | Estimated Cost (USD) | Estimated Cost (INR) |
|---|---|---|
| India | $12,000–$42,000 | ₹10,00,000 – ₹35,00,000 |
| USA | $5,000 – $65,000 | ₹4,27,450 – ₹55,56,850 |
| UK | $5,000 – $68,000 | ₹4,27,450 – ₹58,13,320 |
| Australia | $5,000 – $47,000 | ₹4,27,450 – ₹40,18,029 |
| Canada | $5,000 – $42,000 | ₹4,27,450 – ₹35,90,580 |
| China | $10,000 – $42,000 | ₹8,54,900 – ₹35,90,580 |
| Switzerland | $10,000 – $35,500 | ₹8,54,900 – ₹30,34,895 |
| Spain | $5,000 – $34,500 | ₹4,27,450 – ₹29,49,405 |
| Germany | $0 – $16,000 | ₹0 – ₹13,67,840 |
| France | $5,000 – $31,500 | ₹4,27,450 – ₹26,92,935 |
Note: The study fees for Indian students mentioned above are tentative and based on estimates for 2025. Tuition costs may vary depending on the university (public or private), country, course specialisation, and other factors. It is always best to check with the university for the most accurate and updated fee structure.
Note: For this guide, we are considering the USD with the current exchange rate as of April 2025: 1 USD = INR 85.51. All INR conversions in this guide are based on the exchange rate listed below, so please check the latest rates when planning your expenses.
Eligibility Criteria for Education Loans for MBA
Studying MBA is now easier with flexible student loan options that are specially curated for top universities and courses.
- Who Can Apply? Students can apply for an education loan with a parent, guardian, or spouse as a co-applicant.
- Age Requirement: You should be at least 16 years old at disbursement
- Who Can Get a Loan? Students pursuing an MBA or any other programmes.
- Courses Covered: Full-time MBA programme.
Documents Required for an Education Loan for MBA
To apply for an education loan, here’s a checklist of documents you’ll need. Requirements vary slightly based on your co-applicant’s income type.
| Document Type | Details |
|---|---|
| A. Application Form | Completed original or digital loan application form |
| B. KYC Documents | PAN Card or Form 60 (mandatory if PAN is mentioned) ONE valid ID & address proof: Passport / Driving License / Voter ID / Aadhaar / NREGA Job Card / NPR Letter |
| C. Student Education Documents | 12th Marksheet (not needed for UG applicants in 12th or Exec PG) Latest semester/year marksheet or transcript Admission proof (Admission Letter / I-20) – waived for Sampoorna |
| D. Co-Applicant Financials | |
| → Salaried | Last 6 months’ salary account bank statements 1 recent salary slip/certificate |
| → Self-Employed (Non-Proprietor) | Last 6 months’ Current & Savings A/c bank statements Last 2 years’ ITRs (online acceptable) 44AD: income statement only Tax audit: CA attestation required Optional: Qualification proof, GST/Shop Act/Aadhaar Udyog |
| → Proprietor | Last 6 months’ Current & Savings A/c bank statements Last 2 years’ ITRs 44AD: income statement only Tax audit: CA-audited financials (P&L, BS, Computation, Schedules) |
| → No Income | Last 6 months’ Savings A/c bank statements |
| → Pensioner | Last 6 months’ Savings A/c with pension credits OR Pension Order |
| E. Collateral Documents (if applicable) | Latest sale deed Property tax receipt Approved building plan or Occupation Certificate |
Interest Rates on Education Loans for MBA
Get the funds you need for your education abroad with competitive interest rates and zero prepayment or foreclosure charges!
| Feature | Details |
|---|---|
| Interest Rate (Floating) | Starting from 9.95%* p.a. |
| Origination Fees | 1.25%* + GST |
| Prepayment & Foreclosure Charges | NIL |
* T&C apply. Credila Financial Services Limited (Formerly known as HDFC Credila Financial Services Limited). The education loan facility provided by Credila Financial Services Limited will be at the sole discretion of the Company and within the Company's prescribed credit and underwriting norms/guidelines prevailing at the time of processing and disbursing the education loan. The Company maintains the right to change the interest rate at any time and at its sole discretion, without prior notice.
How to Apply for an Education Loan for an MBA
Follow this 3-step process
A simple and transparent journey.
1- Apply Online
Fill out the application form and upload documents.
2- Application Review
Get your sanction letter after our credit appraisal.
3- Funds Disbursed
You are all set to get started.
Why Avail Credila’s Education Loan for MBA?
- Save time. Go online.
- We cover it all
- Start early. Apply before admission.
- Friendly rates. All the way.
- Dream big. Achieve bigger.
- Pan-India network of branches
- The benefit of tax saving
- Flexible payment plans
- No hidden charges
Customer-centric processes with just 3 steps to disbursement.
Up to 100% financing of tuition and living expenses.
Benefit from seamless loan sanctions.
Student loans with customised interest rates.
Exploring funding for larger education costs? Not a problem.
Enjoy multi-city co-borrower(s) and collateral flexibility.
Added tax deductions* that bring down your cost of financing
Repayment tenure of up to 15 years.
What you see is what you pay.
Save time. Go online.
Customer-centric processes with just 3 steps to disbursement.
We cover it all
Up to 100% financing of tuition and living expenses.
Start early. Apply before admission.
Benefit from seamless loan sanctions.
Friendly rates. All the way.
Student loans with customised interest rates.
Dream big. Achieve bigger.
Exploring funding for larger education costs? Not a problem.
Pan-India network of branches
Enjoy multi-city co-borrower(s) and collateral flexibility.
The benefit of tax saving
Added tax deductions* that bring down your cost of financing
Flexible payment plans
Repayment tenure of up to 15 years.
No hidden charges
What you see is what you pay.
*This is subject to restrictions imposed under the Income Tax Act, 1961 and Budget 2025.
Disclaimer: *Under the old tax regime. Please consult your Chartered Accountant or Tax Advisor for information specific to you.
Disclaimer: *T&C apply. Credila Financial Services Limited (Formerly known as HDFC Credila Financial Services Limited). The education loan facility provided by Credila Financial Services Limited will be at the sole discretion of the Company and within the Company's prescribed credit and underwriting norms/guidelines prevailing at the time of processing and disbursing the education loan. The Company maintains the right to change the interest rate at any time and at its sole discretion, without prior notice.
No claims, guarantees, representations, or warranties, whether express or implied, are made by Credila with respect to any communication, reliability, merchantability, quality, fitness, durability, performance and usefulness of any of the products/service and/ or information mentioned therein. Furthermore, Credila accepts no liability whatsoever for the safety, reliability, durability and performance of any of the products/ service and/ or information mentioned therein. For detailed terms and conditions you can visit Credila's official website - https://www.credila.com/
