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Education Loan for BBA

Education Loan for BBA

Do you dream about starting your own business and becoming a highly respected corporate mogul? Perhaps you want to manage big teams, take on ambitious projects, and work in high-paying jobs. If this is the case, BBA could be the best stepping stone into your dream career.

A Bachelor of Business Administration course can help you learn all you need to know about running a successful business. It teaches you essential skills such as marketing, finances, managing human resources, and so much more. When you complete a BBA program, you are a step closer to realising your educational dreams.

However, pursuing a BBA degree in India can be expensive. Your financial constraints may disrupt your career plans. In this article, we explore how a BBA education loan can help you achieve your dream career without any financial strain.

What is a BBA degree?

A Bachelor of Business Administration (BBA) is a three-year undergraduate degree program that gives you a foundational understanding of the business management world. It covers all the aspects of running a business such as accounting, finance, marketing, HR, operations management and more.

The BBA program offers different specialisations like Marketing, Finance, HRM, Entrepreneurship, and International Business.

The Eligibility Criteria for a BBA Program are as follows:

– You must have completed your 12th grade with a minimum of 50% marks.

– All streams, including science, commerce, and arts, can apply for this course.

– Some common entrance exams for this course are the Delhi University Joint Admission Test (DU JAT), the Integrated Program in Management Aptitude Test (IPMAT) and the Symbiosis Entrance Test (SET).

Cost of Studying BBA in India

In India, the cost of pursuing a BBA program depends on the university you choose and its location. Government colleges may charge tuition fees ranging from Rs. 20,000 to Rs. 1 lakh a year. Private universities may charge between Rs. 1.5 lakh to Rs. 5 lakhs annually.

In addition to tuition, you should also consider expenses such as accommodation. You would also have to pay for study materials, books, supplies, transportation, food and other personal expenses.

Education Loan for BBA Students

Pursuing a BBA program in India can be quite expensive. You need consistent funding at every stage of your education. This is not a possibility for most students. Education loans are the best solution when it comes to securing funds for your studies.

An education loan from a reputed financial institution can help cover all your education expenses. These loans come with student-friendly interest rates and flexible repayment terms. With consistent repayments, these loans help you improve your credit score, and they are also eligible for tax deductions.

How to Apply for an Education Loan

These are the steps to apply for an education loan:

1. Visit the lender’s website and provide your basic information. The lender will then verify your eligibility for an education loan.

2. If you are eligible, the lender will notify you to upload your documents. The documents you need to upload include:

– Identity proof

– Proof of residence

– Academic documents

– Financial documents

– Collateral documents, if any

3. Now, your documents will be scrutinised, and your loan will be approved if everything is in order.

4. Post approval, you will be required to sign the loan agreement before you can receive the funds.

When selecting a lender make sure to read all the terms and conditions of the loan. Select a lender who is well-known and reputable.

Final thoughts

As a BBA graduate, you will have many opportunities lined up in front of you. From taking charge of the country’s largest corporations to starting your own business venture, you can do anything you set your mind to. However, getting to this point requires adequate financial resources.

An education loan for BBA in India can help you secure the necessary funds for your education and focus on gaining the skills you need rather than how to pay for the degree. For an ed loan, apply online through the Tata Capital website. We offer bespoke financial assistance for students with affordable loan options. Tata Capital education loans come with attractive interest rates, flexible repayment plans, and pre-admission sanction options.

Add wings to your dream. Apply for an Education loan!

Apply now
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