Last visit was: 19 Nov 2025, 09:18 It is currently 19 Nov 2025, 09:18
Home
GMAT
Messages
Tests
Schools
Events
Rewards
Chat
My Profile
Close
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel
User avatar
cototovaldivieso
User avatar
Joined: 06 Jul 2023
Last visit: 24 Sep 2023
Posts: 1
Posts: 1
Kudos: 0
The International Student Guide to Financing Your MBA 06 Jul 2023, 17:53
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Are there T20 and T25 schools that offer special financing options, like the M7 and T15 schools listed here?

Or in other words, is there any T20 or T25 school that offers more lending options than just MPower and Prodigy, which have outrageous rates today, and are not lending enough money to attend anyway?
User avatar
bb
User avatar
Founder
Joined: 04 Dec 2002
Last visit: 18 Nov 2025
Posts: 42,385
Own Kudos:
82,117
Given Kudos: 24,107
Location: United States
GMAT 1: 750 Q49 V42
GPA: 3
Products:
GMAT Club Tests Forum Quiz
Expert
Expert reply
GMAT 1: 750 Q49 V42
Posts: 42,385
Kudos: 82,117
The International Student Guide to Financing Your MBA 08 Jul 2023, 02:19
Kudos
Add Kudos
Bookmarks
Bookmark this Post
cototovaldivieso
Are there T20 and T25 schools that offer special financing options, like the M7 and T15 schools listed here?

Or in other words, is there any T20 or T25 school that offers more lending options than just MPower and Prodigy, which have outrageous rates today, and are not lending enough money to attend anyway?
Show more

There are very few if any. As selectivity drops, the options among business schools decline and these options tend to be on and off. Sometimes schools get partnerships with a local credit union but then they get called off another year so you will have to check.
User avatar
yufarib
User avatar
Joined: 12 Feb 2023
Last visit: 27 May 2024
Posts: 6
Own Kudos:
1
Given Kudos: 21
Location: Brazil
Schools: Rotman '26 (A$)
GPA: 3.2
Schools: Rotman '26 (A$)
Posts: 6
Kudos: 1
The International Student Guide to Financing Your MBA 08 Jan 2024, 18:48
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Thanks for sharing!

Posted from my mobile device
User avatar
GyanDhan_Finance
User avatar
GyanDhan Financing Representative
Joined: 23 Oct 2023
Last visit: 10 Apr 2024
Posts: 58
Own Kudos:
14
Expert
Expert reply
Posts: 58
Kudos: 14
The International Student Guide to Financing Your MBA 23 Jan 2024, 00:07
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Hey there,

We know that when you plan to study abroad, arranging proper finances is the most important aspect. Thus we are here to help you understand the different lenders that can provide you with abroad education loans.

There are 2 types of education loans that you can go for i.e. secured education loan and unsecured education loans.

A few secured loan options are as follows -

    1. SBI - they can provide you with up to 1.5 Cr INR loan with an interest rate starting at 11.15%. The processing fee for the same is 11,800 INR including GST.

    2. UBI - they can also provide you with an education loan with up to 1.5 Cr INR with an interest rate starting at 10%. They charge a processing fee of 5,000 INR which is refundable in case you take disbursement within 3 months of loan approval.

Please Note - For both the cases above, collateral will be required.

Options for getting an unsecured education loan i.e. loan without collateral are shown below -
LenderMaximum Loan AmountRate of Interest
Axis BankUp to 50 Lakhs INR11% - 13.50%
ICICI BankUp to 50 Lakhs INR10.85% - 12.50%
IDFC FIRST BankUp to 50 Lakhs INR11.50% - 13.25%
HDFC CredilaUp to 65 Lakhs INR11.25% - 13%
AuxiloUp to 65 Lakhs INR11.25% - 13%
IncredUp to 60 Lakhs INR12.25% - 14%
AvanseUp to 75 Lakhs INR12.50% - 13.50%
MPOWER FinancingUp to 100,000 USD12.99%

Absolutely, the decision ultimately boils down to your individual preferences and requirements. In case you have collateral then you can go for a secured education loan with a public sector bank. In case you do not want to pledge collateral then you should go for unsecured loans from private banks or NBFCs but ensure to have a good financial co-applicant. In case you do not have a financial co-applicant then you may go for international lenders.

To streamline your education loan process, you can proactively check your eligibility through platforms like GyanDhan, India's first and largest education financing marketplace. We specialize in helping students fulfill their dreams of studying abroad, and our services are free.
User avatar
alankar70
User avatar
Joined: 07 Jan 2023
Last visit: 29 Jul 2025
Posts: 56
Own Kudos:
13
Given Kudos: 12
Location: India
Schools: Oxford Said'25 (D) NUS '26 (D) Judge '25 (D) Imperial'25 (D) HEC '26 (D) IESE '27 (D)
GMAT 1: 700 Q48 V38
GPA: 3.5
Products:
My Reviews
Schools: Oxford Said'25 (D) NUS '26 (D) Judge '25 (D) Imperial'25 (D) HEC '26 (D) IESE '27 (D)
GMAT 1: 700 Q48 V38
Posts: 56
Kudos: 13
The International Student Guide to Financing Your MBA 01 Feb 2024, 03:09
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Hi,

I was trying to get an offer from prodigy to check my loan options. It seems they have changed their model. The schools for which i was getting a prelim offer a month ago, are getting rejected now by them. Anyone else facing the same issue. Any anyone suggest any alternative option. I am an Indian , currently working in Kuwait for past 1.5 years. I am looking for loans for admission in Said or NUS. I have interview schedule for both.
   1   2