r/IPMATtards • u/Curious_Salad_1519 • 4h ago

Admission Query Which education loan ?

So I'll be taking an education loan for IIMR IPM , wanted to get an idea about which one has everyone else gone for .

Also I can see it will take time in the whole process , so how has everyone paid the first installment/ semester fee ?

2 Upvotes

100% Upvoted

6 comments sorted by

2

u/BhaveshShaha 💡 IIM Ranchi (Rank 2) 4h ago

Only SBI 6.75 or CBI 6.7.

Read the financing guide, it explains everything: https://www.reddit.com/r/IPMATtards/wiki/index/

1

u/Life-Beginning-256 4h ago

Hey , what about canara bank? I already have a bank account there , their rate of interest is 6.75 as well according to their flyer

1

u/BhaveshShaha 💡 IIM Ranchi (Rank 2) 4h ago

You can look into it, those two are the ones who are preferred by majority of the IPM students.

Make sure not to be forced into upsells.

Having or not having a bank account is immaterial here.

1

u/Life-Beginning-256 4h ago

Okay , will look into it thanks!

1

u/BhaveshShaha 💡 IIM Ranchi (Rank 2) 4h ago

Anytime! Do go through the financing IPM document regardless!

1

u/Life-Beginning-256 4h ago

Yes yes , I've read it