Is it possible to get an education loan before admission in IIM Rohtak? Is a co-borrower necessary, as my parents income is 1 lacks per year?

You can take a loan for pursuing your studies at IIM Rohtak. Many banks provide you a loan for your education without keeping collateral or any security before. The only thing you need is to have a co-borrower that can be your father, mother, brother, sister, or any other known person. However, you need to submit some amount of money to get your seat reserved that can't be given by the bank initially but can be reimbursed after some time.

Also, you can take a loan more than your total fees for the course, so that your other expenses like a laptop, traveling costs, certification courses, or any other can be fulfilled smoothly.