Financing Your MBA - Share Your Loan Interest Rates Here

Question

Student Loans - Share Your Interest Rates

We have Prodigy Finance, MPOWER, Sallie Mae, Laurel Road, etc but they all offer different rates for different schools, different maximums, etc. Let's figure out the best one!

Are you getting a loan to finance your MBA?
If so, share the interest rate (and if you feel comfortable,%/amount you are able to finance)
Please share school, your country of origin/region, loan provider, and rate.

If you need ideas and want to check your eligibility, ability to borrow, etc, try our Student Loan Marketplace - you usually can get the answer online and pretty quickly but you may have to create a profile.

Transparency Disclosure: (if you sign up for a loan through one of our links, GMAT club will receive a small reward to support this forum. Consider supporting us this way or not

)

Businessconquerer · Answer

Umm I think this topic needs a little attention

For India, SBI (State bank of India) grants a full tuition loan at the interest rate of 10% per year, that is starting from when you apply, the repayment term starts about 6 months to one year after completing the course, I would however, proceed with caution as the loan is fixed, and like all other loans the interest will keep building during your time in the B-school

So the more loan you take the more interest it will build. If Only I was sure of the Job opportunities post MBA

Arro44 · Answer

Currently I have secured around 112k US$ via my parents increasing the mortgage on their house.

Seeing the rates on students loans being around 5-6% higher than what my parents pay on their mortgage I am happy to not have to pay the full loan amount via an actual loan.

At the moment I am hunting for any kind of scholarship to lighten the overall burden.
Will keep you guys posted.

Businessconquerer · Answer

For which school are u putting your house up?

xprometheusx · Answer

Arro44 is doing MIT if I remember correctly. I have yet to look into loans, but will let you know if/when I get loans.

Posted from my mobile device

Businessconquerer · Answer

Oh, well then totally worth it.
But You're going to Wharton?

I hope you'll get the best out of the program.

JohnMesatol · Answer

I still had to start looking for a suitable student loan with a low interest rate. I have a half-day job at a car service station. But this was not enough to pay for the training. My parents are not rich, so I could not count on their help, I tried to help them from time to time. My friend Alex suggested that I contact  paydayinusa  to help me with my situation. Thanks to them, I was able to pay for my University studies. If you find yourself in a similar situation, remember that there is always a way out. Don't hesitate to ask your friends and parents for help.

ShannenHead · Answer

I am very interested in some online loans where you don’t need to spend a huge amount of time on boring things. I am a student and I don’t have a lot of time waiting for a loan so I would better find online services like PersonalMoneyService. Services like this are very popular nowadays, you can find them on the internet very easily and spend your cash like you wanted. Especially I want to spend some money on my education as we all know here, it is very expensive.

Financing Your MBA - Share Your Loan Interest Rates Here

Prep Toolkit

Top 5 GMAT Debrief Videos

615 to 715 in 15 Days (Ria's Strategies)

More than Quant/Verbal Abilities: Speed vs. Accuracy

745 with Only Self-Prep and GMAT Club

From 555 to 765: 210-point Improvement

Perfect 805 Score Debrief by Julia

My Rewards