Education Loan for BBA

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Table of content

  1. Education Loan for BBA in India
  2. Education Loan for BBA Abroad
  3. Documents required for Education Loan for BBA
  4. How to Apply for an Education Loan for BBA?
  5. Scholarships for BBA
  6. FAQ's
  7. Need Help? Ask Here!

BBA is a 3-year program in business administration. It is one of the rare UG programs that has a lot of potentials and offers good employability scope on completion. However, quality BBA programs in India and abroad are expensive. That is when students can start looking for education loans.

You can get an education loan for BBA in India or abroad with or without collateral.

Have any queries related to education loan for BBA in India or Abroad? Get them resolved now!

Education Loan for BBA in India

  • India has some of the best B schools. However, quality education in India comes at a price, which cannot be afforded by students from humble backgrounds. They can go for an education loan from public or private lenders.



Loan Amount

Up to 2 Cr as secured education loan
Up to 50 lacs as an unsecured education loan
A higher amount can be offered depending on the individual’s profile

Expenses covered

Study costs:

Tuition and admission fee

Examination fee

Book purchases

Library/lab fee

Purchase of computer or laptop if required

Living expenses

Accommodation cost

Caution fee or hostel fee

Other Expenses


Miscellaneous expenses

Moratorium period

Course duration plus 6 to 12 months

Repayment tenure

10 to 15 years

Processing fees

For public banks 10k plus 1500 GST

1 to 2% of the loan amount for private banks


Top Banks offering Education Loan for BBA in India

Below are the top lenders offering different types of education loans to pursue BBA in India

Best Colleges for BBA in India

You have the following list of top-ranked universities to pursue a BBA in India.

  • IIM, Indore
  • Narsee Monjee Institute of Management Studies, Mumbai
  • Woxsen University, Hyderabad
  • IIM, Rohtak
  • Parul University, Vadodara
  • IIM, Ranchi
  • KIIT School of Management
  • Jamia Millia Islamia University
  • ICFAI Business School, Hyderabad
  • Institute of Management, Nirma University, Ahmedabad

Eligibility for BBA in India

Check if you meet the below listed general eligibility criteria for BBA before applying for an education loan.

  • Should have passed 10+2 from a recognized education board
  • Should have scored a minimum of 50% in the 10+2
  • Students who have completed 10+2 and are awaiting the results can also apply
  • Check if your preferred university has age limit as there are a few universities that have an age limit

Citizens of India who have gotten admission into a recognized BBA university through merit or entrance exams are eligible for an education loan.

Education Loan for BBA Abroad

Students can look for an unsecured and secured education loan to study BBA abroad. They can get up to 1.5 Cr of education loans to study abroad.

Loan Parameter


Loan Amount

Up to 1.5 Cr with collateral
Up to 1 Cr without collateral
A higher amount also can be tried depending on the requirement and the profile of the applicant or co-applicant

Expenses covered

Study costs:

Admission fee
Tuition fee
Expenses to purchase books
Price for lab/library
Computer or laptop purchase

Living expenses

Cost for accommodation
Hostel or caution fee

Other Expenses

Other miscellaneous expenses

Moratorium period

Course period plus 12 months

Repayment tenure

Up to 15 years

Processing fees

10k plus 1500 GST for a secured loan and 1 to 2% of the loan amount for unsecured loans


Top Banks offering Education Loan for BBA Abroad

The following banks can get you the best education loan to pursue BBA abroad.

  • Bank of Baroda
  • State Bank of India
  • Union Bank of India
  • Axis Bank
  • Karur Vysya Bank
  • ICICI Bank
  • IDFC First Bank
  • Incred
  • Auxilo
  • Avanse
  • HDFC Credila

Best Colleges for BBA in India

The following are some of the best institutes to pursue BBA abroad.

Eligibility for BBA Abroad

The eligibility for BBA abroad is pretty much similar to that of BBA in India. BBA abroad requires the following eligibility criteria.

  • The Student must have passed 10+2 with at least 50%
  • Must score well in the language proficiency tests like IELTS, TOEFL, or PTE
  • You must also consider writing SAT or ACT to stand the best chance at admission into prestigious universities abroad.

Citizens of India securing admission into a top university abroad are eligible for an education loan for BBA abroad. However, these are not the only eligibility criteria that banks are looking at. They may vary with the type of education loan you are going for.

Done with language proficiency tests and university selection? Time to think about managing expenses.

Documents required for Education Loan for BBA

Applicants need to arrange the following documents for an education loan for BBA. 

1. Application form

  • An application form along with 2 passport size photographs and a signature(WeMakeScholars financial officer will provide you the form)

2. Documents of the student and Co-applicant or the guarantor

  • Identity proof:
    • Aadhar card/PAN card
    • Passport if going abroad
  • Proof of residence:
    • Voter ID card
    • Passport
    • Electricity bill
    • Ration card
    • Telephone bill
    • Bank account statement

Provide 2 address proofs if your current and permanent address is different

  • Co-applicant documents(Last 6 months bank account statement)
    • Must reflect salary credits if salaried
    • Business transactions of the last 1 year

3. Applicant’s academic documents

  • Certificates and mark sheets of 10th, and 12th
  • Fee structure
  • Proof of admission(should reflect the duration of the course)
  • Entrance exam scorecard

4. Income documents of the co-applicant

  • Salaried
    • Latest 3 months' salary slip
    • Form 16 of the latest 2 years
    • Employer’s ID card
    • ITRs from 2 years
  • Self-employed
    • Latest 3 years ITR
    • Balance sheet and the profit and loss account of the last 3 years
    • Address proof of the business

5. Other documents

  • A letter stating that any expenses other than the education loan amount are to be borne by your co-applicant( format of the letter will be provided by the WeMakeScholars financial officer)
  • A notarized joint affidavit with the co-applicant in the standard format of the bank( request your WeMakeScholars financial officer to provide the format of the letter)

6. Additional documents(optional)

  • Payment receipts of any advance payment made to the university
  • Any pending loan account statement of the last 1 year
  • In a 100 Rs stamp paper explain if you have had any gap or break in your studies (Format to be provided by your financial officer from WeMakeScholars)

7. Collateral Documents 

These are required if you are opting for a secured loan. The collateral documents list varies with the state you are applying from and hence you can go through the below list for specific requirements according to your state.

Are ancestral properties accepted for an education loan? Ask a financial officer from WMS!

How to Apply for an Education Loan for BBA?

Apply for an education loan directly through banks if you have got plenty of time and you prefer to take the hard way out. However, if you are someone who loves to have your education loan without any hassle, at a lower rate of interest, and at a super fast speed then go through WeMakeScholars.

Why Choose WeMakeScholars For An Education Loan for BBA?

WeMakeScholars is an organization that is supported by the Ministry of IT, govt of India. We at WeMakeScholars are dedicated to helping students study in India and abroad through education loans or scholarships. We provide students with a ton of options from where they can get the best education loan offer.

Better interest rates: We are partnered with 14+ banks(public/Pvt) and so students going through us have a reduced interest rate of 0.5 to 2%.

Faster process: We process an education loan at 50% lesser time than when you go directly to the banks. We have maintained a timeline of 21 working days for govt banks and 7 working days for private lenders.

End-to-end support: We provide students support right from the education loan process until the repayment. We support students with all kinds of issues in the education loan including post-sanction issues, even in a 12 hr different timezone.

Tax benefits: We educate students on different kinds of tax benefits that they can avail of while taking an education loan.

Cashback: Students taking an education loan through WeMakeScholars receive a cashback of Rs 3,000 in their first disbursement.

How to Apply for an Education Loan for BBA through WeMakeScholars?

Now that you are aware of WeMakeScholars and its benefits let’s see how you can apply through us. 

Step 1: Request a callback from the website

Step 2: You will receive a callback from the team. Provide all the required information.

Step 3: Your financial officer will provide you with a list of lenders. Choose the best option among them. 

Step 4: Submit the documents to the nearest branch of your preferred bank in case of public lenders. If going through a private lender, upload them in the documents link uploading portal.

Step 5: Once you have submitted the documents, you will receive the decision to your profile in the promised deadline.

Step 6: Once your loan is approved, you can sign the loan agreement and receive the sanction letter.

Take the easy way out for an education loan for India and abroad by going through WeMakeScholars
Not getting through scholarships? Manage your expenses through an education loan!


  • Can I get an education loan for BBA?

  • Can I get a 100% education loan?

Our Education Loan team will help you with any questions

Naresh Kumar
WeMakeScholars- supported by IT Ministry, Govt. of India.
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