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IIM Grad Repays ₹30 Lakh Loan in 2 Years!
11 Apr
Summary
- IIM Calcutta alumna repaid a ₹30 lakh MBA loan.
- She achieved debt-free status in just two years.
- Four income streams and strategic financial planning were key.
An alumna of the Indian Institute of Management Calcutta has successfully repaid a substantial ₹30 lakh MBA loan within two years of completing her studies. Avani Rathore shared her inspiring financial journey, detailing a strategy that combined multiple income streams with disciplined planning.
Rathore's proactive approach began before her MBA, as she saved money for two years to cover initial expenses. During her second year of studies, she secured a pre-placement offer and took on part-time work to further manage costs. This foresight proved crucial in minimizing her reliance on loans.
Following her graduation, Rathore dedicated a significant portion of her earnings to aggressively pay down the ₹30 lakh debt. Her commitment to becoming debt-free quickly, without immediate financial dependents, allowed her to focus intensely on repayment. Rathore emphasized that consistent effort is vital for loan repayment, likening it to a marathon rather than a sprint.
Her accomplishment has resonated widely online, with many users expressing admiration for her discipline and strategic financial management. The story offers a motivating example for students and professionals grappling with the prospect of large education loans.
