MBA Admissions 2026: Education Loans and Current Interest Rates
Knowing education loan option is important for students seeking financial aid for MBA 2026 admissions. Read the article below to know about educational loans and current interest rates in India for MBA admissions 2026.
MBA Admissions 2026: MBA in India and abroad requires a good financial commitment. Financial constraints often create a hindrance to get qaulity education. Many students looking for MBA admissions 2026 in India rely on educational loans as a way to finance tuition, accommodation expenses, etc. Knowing the educational loans and current interest rates is important for students seeking financial aid. Educational loans also act as a bridge between affordability and the dream of pursuing an MBA. Read the article below to know more about educational loans and current interest rates in India for MBA admissions 2026.
- MBA Fees in India at Top B-Schools
- Educational Loans Eligibility in India for MBA Admissions 2026
- Documents Required to Take Educational Loan
- Top Banks and NBFCs for Educational Loans for MBA 2026 Admissions
MBA Fees in India at Top B-Schools
MBA is considered a big investment for a brighter future. Top BSchools in India have high fees. Average MBA fees in India is approximately INR 10 lakhs. MBA fees at IIM Ahmedabad is as high as INR 27.5 lakhs. Check the table below to know the MBA admission fees at top B Schools in India:
| Indian Institutes of Management |
MBA Fees 2026 |
|---|---|
| INR 27.5 lakh |
|
| INR 26 lakh |
|
| INR 25 L to INR 27 L |
|
| INR 12.6 L |
|
| INR 17.3 L to INR 20 L |
|
| INR 14 L to INR 22.5 L |
|
| INR 14.2 L |
|
| INR 16.8 L to INR 18.5 L |
|
| INR 19.5 L |
|
| INR 18.4 L |
|
| INR 18.9 L |
|
| INR 17 L to INR 19.7 L |
|
| INR 9.6 L |
|
|
|
|
| INR 16.8 L |
|
| INR 18.9 L |
Educational Loans Eligibility in India for MBA Admissions 2026
The basic eligibility for availing educational loans in India is:
- Students should have a minimum of 60% aggregate in graduation
- There should be no gap years in academic records
- CIBIL score should be good
- There is no age limit according to RBI but some banks impose an age limit of 35 years for educational loans
Documents Required to Take Educational Loan
Following documents will be required for applying for educational loans:
- Class 10 and 12 marksheet
- Graduation Marksheet
- PAN Card
- Aadhar Card
- Passport or Voter ID
- Address Proof such as Electricity Bill, Ration Card, Aadhar Card, Bank Passbook, etc.
- Co-applicant bank account statement
- ITR from past two years
Top Banks and NBFCs for Educational Loans for MBA 2026 Admissions
Check the table below to know the top banks and NBFCs which offer education loans:
| Bank Name | Loan Amount in INR | Interest Rate |
|---|---|---|
| State Bank of India | INR 50 lakh | 10.9% |
| Punjab National Bank | INR 35 lakh | 7.8% |
| Canara Bank | INR 50 lakh | 9% |
| Bank of Baroda | INR 20 lakh | 8.15% |
| Central Bank of India | INR 50 lakh | 7.95% to 10.5% |
| ICICI Bank | INR 1 Crore | 9.5% to 14.25% |
| IDBI Bank | INR 40 lakhs | 8.55% to 11.15% |
| Kotak Mahindra | INR 10 lakhs | 16% |
| HDFC Credila | INR 1.5 CR | 10.25% onwards |
Saumya Jain is an English Literature graduate from the University of Delhi. She has over 8 years of editorial and content writing experience. At Shiksha.com, she has spent more than six years creating research, stud
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