IIM Jammu, Jammu - Course & Fees Details

There are various options available for students who get selected in top Indian institutions like IITs and IIMs. IIMs offer scholarships, cash prizes during competitions, and other financial benefits to the students. I can tell you about the student loan that I secured from the bank to complete my education at IIM Indore.

Banks willingly provide education loans at low-interest rates to meritorious students of IIMs because of the credibility of IIMs and the good earning prospect of the students. There are a few requirements for securing the loan-

1. The student must produce their original passport before the bank to prove their Indian citizenship. This is because banks, and particularly public sector banks do not fund the education of foreign students.
2.  The banks also check the Cibil score of all loan applicants. This needs to be a minimum of 700 if not 750 or more. 
3. Other than the applicant, there must be a co-applicant. The co-applicant must be in service or must run a business. They must earn a minimum specified amount acceptable to the bank. 

For other options like scholarships and financial assistance, the student should consider contacting the IIM Jammu office and explaining his situation. Even philanthropic institutions can be of help to him.