Pursuing an MBA abroad is more than just earning a degree; it’s an investment in global exposure, networking opportunities, and leadership skills that can shape your career for decades. However, the cost of tuition, living expenses, and international travel often makes financing a key concern for students and their families. This is where Credila’s education loan steps in, offering the financial flexibility to pursue your dream MBA at top universities without compromising choice or quality.
Cost of Studying MBA Abroad
| Country | Avg. Tuition Fees (per year) | Tuition in INR | Online MBA Fees (per year) | Online MBA in INR | Example Universities |
|---|---|---|---|---|---|
| USA | €5,000 – €70,000 | ₹4,50,000 – ₹63,00,000 | €535 – €78,000 | ₹48,150 – ₹70,20,000 | Harvard Stanford Yale |
| UK | €5,000 – €68,000 | ₹4,50,000 – ₹61,20,000 | €4,020 – €21,775 | ₹3,61,800 – ₹19,59,750 | LBS Oxford Cambridge |
| Australia | €10,000 – €47,000 | ₹9,00,000 – ₹42,30,000 | €10,675 – €24,760 | ₹9,60,750 – ₹22,28,400 | Univ. of Queensland Univ. of Sydney |
| Canada | €7,000 – €42,000 | ₹6,30,000 – ₹37,80,000 | €875 – €13,700 | ₹78,750 – ₹12,33,000 | Toronto UBC McGill |
| China | €10,000 – €41,800 | ₹9,00,000 – ₹37,62,000 | Not widely available | – | Tsinghua Fudan Peking |
| Switzerland | €20,000 – €35,500 | ₹18,00,000 – ₹31,95,000 | €5,000 – €33,000 | ₹4,50,000 – ₹29,70,000 | SUMAS Geneva Business School |
| Spain | €5,000 – €34,000 | ₹4,50,000 – ₹30,60,000 | €300 – €20,850 | ₹27,000 – ₹18,76,500 | EAE Business School EU Business School |
| Germany | Free – €16,000 | Free – ₹14,40,000 | €4,500 – €12,400 | ₹4,05,000 – ₹11,16,000 | TU Munich TU Berlin Munich Business School |
| France | €5,000 – €31,500 | ₹4,50,000 – ₹28,35,000 | €5,000 – €23,750 | ₹4,50,000 – ₹21,37,500 | Bordeaux Audencia Grenoble |
Source: https://www.mastersportal.com/articles/2788/top-countries-for-studying-an-mba-mba-costs.html
Types of Education Loans for MBA Students Abroad
Broadly, there are two main types of education loans:
- Secured Education Loan: A secured education loan is backed by collateral, such as residential property, fixed deposits, or insurance policies. This collateral will serve as a guarantee for the lender in case the borrower defaults.
- Unsecured Education Loan: An unsecured education loan is a type of student loan that does not require any collateral or security. Approval is based on the borrower’s financial profile.
Eligibility Criteria for Education Loans for Studying MBA Abroad
Studying MBA abroad 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 must to be at least 16 years old at disbursement.
- Who Can Get a Loan? Students enrolled or planning to enroll in an MBA programme.
- Courses Covered: Full-time MBA programmes by recognised universities.
Documents Required for an Education Loan for MBA Oversees
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) |
| 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 Studying MBA Abroad
Get the funds you need for your education abroad with competitive interest rates and zero prepayment or foreclosure charges!
| Feature | Details |
|---|---|
| Interest Rate (Floating) | 9.95%* p.a. onwards |
| Origination Fee | 1.25%* + GST |
| Prepayment & Foreclosure Charges | None |
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.
Expenses Covered Under Student Loan for MBA Abroad
When you take an education loan for studying MBA overseas, the following expenses are typically covered:
- Tuition fees and academic charges
- Hostel or on-campus accommodation
- Cost of living (food, transport, utilities, etc.)
- Books, lab supplies, and other learning materials
- Laptop or computer (if required for coursework)
- Examination and library fees
- Other education-related expenses as approved by the Credila
Repayment Options for Overseas MBA Loan for Student
Repayment for MBA education loans is designed to be student-friendly and flexible:
- EMI-Based Repayment: Start paying EMIs after the moratorium ends.
- Part-Payment Option: Make partial payments during the course to reduce the total interest.
- Flexible Tenure: Repayment tenure of up to 15 years based on your profile.
- No Prepayment Penalty: You can repay early without any additional charges.
Why Avail Credila’s Education Loan for Your MBA?
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.
#Under the old tax regime. Please consult your Chartered Accountant or Tax Advisor for information specific to you.
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 - www.credila.com.
