International Institute of Business Studies, [IIBS] Kolkata Scholarship Details

Ashna Priyadashi

International Institute of Business Studies offers financial assistance to economically disadvantaged and students with exceptional academic performance. Candidates must meet the eligibility conditions set by the college to avail of financial aid. Further details regarding the International Institute of Business Studies Kolkata scholarship are given below. 

Scholarship Details: The institute encourages students to apply for government-sponsored scholarships. IIBS Kolkata scholarships are offered to deserving and economically disadvantaged students during the admissions process.

• Minority Scholarship
• SC/ST Scholarship
• Karnataka Government Scholarship
• National Scholarship

Education Loans Details: The requirements for obtaining an education loan are easy. The first is that you must be an Indian citizen. Also, you cannot state that you will be admitted to a course tentatively or most likely. You should have already been accepted. You are free to approach a bank or financial institution for funding once you have been accepted at IIBS Kolkata.  

• The bank or financial organisation will not finance the entire cost of your education if you take out a loan. You will be requested to provide a portion of the funds. Assume your fees total Rs 10 lakh (Rs 1 million). The bank may provide you with a loan for 80% of the amount (Rs 8,00,000); you will be responsible for the remaining 20%. (Rs 2,00,000). The margin amount is what it's called. The bank may offer to fund the complete loan amount if the loan amount is not too huge.
• There will always be a limit to the quantity of money that can be borrowed. For example, the maximum loan amount for studies overseas may be regulated by the bank at Rs 20 lakh (Rs 2 million). If your tuition expenses total Rs 30 lakh (Rs 3 million), you'll need to come up with the rest on your own.
• Some banks will charge a fee for processing, while others will not. Check to see if it's a fixed sum or a percentage of the loan amount if they do. Let's imagine you're taking a 30-lakh-rupee course abroad. The bank would only lend you Rs 20 lakh and charge you a 1% fee for the service. That'll be an extra Rs 20,000 on top of the 10 lakh you'll need to find. For example, suppose your course fee is Rs 20 lakh, and the bank covers 80% of the cost. The bank would pick up Rs 16 lakh (Rs 1.6 million). You must come up with Rs 4,16,000 (margin amount of Rs 4,00,000 + processing expenses of Rs 16,000).