Can we take an education loan for studying in any IIM?

Yes, If you believe it will help you advance your career. You can receive a loan to pay for your education at any IIM.

• In general, certain banks have connections with college officials and can provide education loans instantly and at a low interest rate.
• Tuition, housing fees, laptops, and student exchange are all covered by these loans.
• But in my opinion, I would suggest you think properly.
• If an MBA (from any top university, whether Indian or international) will not add much value to your current professional profile, you should not pursue it (whether with or without a loan, as there is also an opportunity cost associated with pursuing a full-time MBA).

Value Addition -

• There is a ceiling for some verticals, and to develop beyond, you'll require an MBA.
• You might need a skill set that an MBA education can provide for the role you want to get into. These abilities will assist you in landing your dream career or post.
• An MBA degree can sometimes be little more than a signal to employers that you are a deserving applicant.
• This signaling will offer you an advantage in this situation.
• It might be any of the following, a combination of two or more, or none of the above (if you don't think an MBA would bring much value).

I chose MBA because it seemed like a more straightforward path to my desired job. It helped me gain the required skills (yes, there are interesting and relevant things you can learn during your MBA course).

If any of the aforementioned points apply to you and your main issue is debt, I recommend pursuing an MBA. It will be worthwhile. Believe me when I say that you will be able to repay your debt.