miaang wrote:
Has anyone financed their MBA through Brain Capital in comparison to
Prodigy Finance? I don't seem to find much information on the topic. Can someone please share his/her experience with the educational fund? After my research, I have come across two options for financing my MBA - PF vs. Brain Capital? I know from friends of mine that have taken a loan with PF that everything is pretty straightforward and PF makes payments to the uni so you don't have to worry about that. You get an interest rate of /apx. 7%/ which compared to Brain capital is relatively high ( if I am not mistaken BC offers 4% flat for a 10-year period, regardless of how much money you make per year) ?
If anyone can please shed any light on this topic, as I see it is not being discussed much here, it would be greatly appreciated.
There is no such fixed rates for either. The rates offered are customized based on your nationality and work authorizations. So if you are in a developed economy, the rates are lower for both.
I got a quote of 7% from
prodigy and Brain asked me for 16% of my salary. I went with
Prodigy. Some batchmates who have entrepreneurial ambitions and did not want to get burdened by the pressure of a loan went for Brain.
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