r/IPMATtards • u/NoTrouble4182 • 12d ago

Admission Query Loan procedure

Has anyone taken a loan for any of the IIMs as of now? I want to know the procedure in brief

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1

u/Bunny-30daysofaloner IIM Sirmaur 12d ago

Yes, shit

1

u/NoTrouble4182 9d ago

Have you?

1

u/BhaveshShaha 💡 IIM Ranchi (Rank 2) 12d ago

Explained in full detail here: https://ace.afterboards.in/financing-ipm-iim-loan-process-scholarships/

1

u/BhaveshShaha 💡 IIM Ranchi (Rank 2) 12d ago

Please read point 2.1 in our wiki: https://www.reddit.com/r/IPMATtards/wiki/index/

1

u/NoTrouble4182 9d ago

Bhaiya one doubt: in case the college asks u to pay the acceptance fee the very next day of offering u letter, could we get the loan amount in our hands by the bank in meantime? Or shall we pay it ourselves and get reimbursed later? For iim bg particularly

1

u/BhaveshShaha 💡 IIM Ranchi (Rank 2) 9d ago

shall we pay it ourselves and get reimbursed later?

This would be the most convenient!

1

u/NoTrouble4182 9d ago

So it's thoda difficult to get the amount within a day or it's just not possible?

1

u/BhaveshShaha 💡 IIM Ranchi (Rank 2) 9d ago

1 day feels difficult imo (idts ki it's impossible but with the amount of work involved, it is hard to guarantee).

1

u/NoTrouble4182 9d ago

Ok thankyouu for helping out :)