Introduction

Learning is a never-ending process. Consciously or subconsciously you keep learning something new every day, irrespective of your age. In today’s competitive world where technology is changing in a blink of an eye, it has become very important for people to stay up to the trend and continuously thrive to beat the competition and climb the corporate ladder.

Once your job adventure begins, you might wish to improve your talents or perhaps learn new ones to fulfil all of your goals. People today enrol themselves in various distance learning/part-time courses to upskill themselves while they are working. But not everyone can afford the fees, so does this mean they should not pursue their dreams? No, they can instead apply for an education loan with WeMakeScholars. 

We provide completely hassle-free fast education loan processing services to our customers by analysing their loan profiles and connecting to the best lenders that offer the lowest rate of interest. We are a legit platform, funded and supported by the Ministry of Electronics & IT, under the Government of India’s “Digital India Campaign”, and therefore we also assure you complete safety of your documents and information. You can get in touch with our financial officers or fill out a form to check your loan eligibility. This is a great opportunity to stand out from the crowd of ordinary individuals, just dreaming to do something different one day. 

Read the complete article because, in this article we are going to tell you everything about Education loan for working professionals, starting from the eligibility requirements to the process of application and finally guiding you to manage your finances.

Executive MBA (EMBA) trend, fee etc.

Most working professionals who have yet not done their masters due to lack of funds or opportunity, see an executive MBA as a second bite at the cherry, to pursue their masters from abroad in their field of interest and improve their job prospects. 

Executive MBA or EMBA is a two-year curriculum, which is designed for corporate leaders with at least five years of managing experience. Candidates for an EMBA are working professionals, and their classes are typically held on weekends. It is one of the most well-liked post-graduate programmes in both India and overseas and opens doors to a wide range of employment and business prospects. 

This course gives students knowledge about running a business and managing its daily operations. Any student from the sciences, business or humanities background can pursue an executive MBA. Students with this subject knowledge should also be problem solvers, good communicators, research-oriented, goal-oriented, leaders, managers, analytical thinkers, detail-oriented, able to work under pressure, etc. 

Now, let’s be honest, executive MBA programs are expensive but at the same time far more lucrative than regular MBA programs.

 

Note that, very often candidates planning to pursue EMBA are sponsored by their current companies as well. Some companies just cover a portion of tuition fees, while others pay for the entire tuition fee. You must provide your letter of sponsorship mentioning all the details that your company is funding you for your EMBA, at the time of application.

But, if your employer is not one of them, you can still break the chains by taking an education loan. It is the most worthwhile expense to skyrocket your career. We are partnered with 10+ public and private banks and even provide special negotiation support on the rate of interest with some of our lenders to get you the best education loan at a minimum rate of interest. Request a callback from your financial officer and know complete information about your education loan. 

How to get an education loan for an Executive MBA?

In the case of Executive MBA, naming a co-applicant is not necessary to get an education loan as most of the education loan applicants in this category are working professionals who are already financially independent at the time of applying for an education loan. However, when it comes to the regular education loan process, all candidates must name a co-applicant for an education loan. A financially independent education loan applicant will mostly prefer to repay their education loan on their own. That is why, at the request of the education loan team at WeMakeScholars, our partnered banks have eliminated the clause requiring the co-applicant while the applicants get their education loan processed with WeMakeScholars.  

But, the most important thing that makes the entire process of applying for an education loan to pursue executive MBA unique is that candidates with prior job experience do not need to include co-applicants for the same during the full process of applying for a study loan for executive programmes through WeMakeScholars.

You can apply for an education loan by simply requesting a callback from your financial officer at WeMakeScholars or you can also fill out the common application form that will connect you to 10+ public and private lenders in just one click. The rest of your loan process will be well taken care of by your assigned financial officer.

Start your education loan process today, and get ready to become a scholar, because We_Make_Scholars ;)

Conclusion

Executive MBA is a magic door that opens a plethora of ample job opportunities while you are working already. It enables you to aspire for a higher position at your existing organization or start your own business or maybe even get a chance to explore the abroad job opportunities, do not worry an executive MBA degree will never go in vain.  If you have an executive MBA degree with good professional work experience, you are sure to get a high return on investments. 

In conclusion, we can state that an executive MBA from a foreign university is a priceless addition to your resume. You may improve your skills, meet new people, and get more business management knowledge by enrolling in an executive MBA programme. Get in contact with WeMakeScholars to raise funds and get the initial push in the right direction if you want to pursue an EMBA abroad but aren't sure where to begin.

FAQ

1. Can I get a loan for EMBA?

Yes, you can surely get an education loan for an executive MBA. The process of getting an education loan sanctioned for an executive MBA is even simpler compared to the process of sanctioning a normal education loan. Also, there is no need for a co-applicant in an education loan profile if it is being processed with WeMakeScholars.

2. Which bank is best for an education loan?

When talking about secured loans, the state bank of India is the most reliable bank which is the best in terms of the cheapest rate of interest, document formalities, and sanctioning higher loan amounts. There are many private banks and NBFCs as well that claim to be the best bank for education loans but none could offer a rate of interest lower than the SBI.

3. Can a working professional apply for an education loan?

Yes, the executive MBA course is designed for working professionals who hold at least 5 years of work experience in a managerial position in any organisation. Working professionals must take permission from their employer, candidates can even ask their employer to fund them for their course and get a letter of sponsorship from them to produce while applying to universities for admission. 

4. How much income is required to get an education loan?

The income of the applicant is not necessary. You can get an education loan if you have a financial co-applicant who is earning a decent salary, otherwise, you can pledge your collateral as security and take a secured education loan from any public bank also.

5. How much education loan can I get on a 50000 salary?

You can get an education loan of Rs. 40 lacs if you are applying for an education loan as a self-financial co-applicant. However, the final loan sanction amount is decided by the banks only, based on different factors and their policies. You can also consider the option of a collateralized education loan if you have any collateral to pledge.

Thanks for reading this blog on Education Loan for working professionals [Executive MBA]. If you are interested in learning more about studying abroad and student life abroad, then I highly recommend you to read: