Can CA students get education loan?
With a view to facilitate the students pursuing the Chartered Accountancy Course, the Institute of Chartered Accountants of India has made tie-up with the following Banks under the “Join CA Educational Loan Scheme” to provide the Education loan to its aspiring students to meet out the Course fees etc.
Can I get 100% student loan?
However, you can get an education loan without pledging any security. There is no margin requirement if you apply for a loan within this limit through a scheduled commercial bank under the CGFSEL scheme. It means that the bank can finance up to 100 percent of the loan, if the loan is up to the limit of Rs 7.5 lakh.
Is there any scholarship for CA students?
The Board of Trustees of the Chartered Accountant Students Benevolent Fund (CASBF) has decided to provide financial assistance/scholarship for amount of Rs. 1500/- PM, to students who are registered in CA Intermediate /IPCC course and serving articled training as well as amount of Rs. Valid registration in CA course.
Can I get 70 lakh education loan?
“You can get an education loan up to a maximum of ₹ 75 lakh, with maximum repayment period of up to 15 years,” said Gaurav Aggarwal, associate director, unsecured loans, Paisabazaar.com. Under section 80E of the Income Tax Act, you can claim tax deduction on the interest you pay on the education loan.
How can I get ICAI scholarship?
The students must register for the Final Course before making an application. The Scholarship will be granted for 30 Months or remaining period of Articleship, whichever is less. The students may apply online for the scholarship by login at Self Service Portal (SSP).
Can I get loan for IAS coaching?
The plain and simple answer is, yes you can get loan for education received from coaching institutes. Nationalized banks like State Bank of India, Central Bank of India, and Corporation Bank have introduced a whole new product of loans catering just to the coaching needs and expenses of students.
Can I get 20 lakhs education loan?
The Credit Guarantee Fund for Education Loans (CGFEL) Scheme provides a guarantee for education loan dispersed by banks under the Model Education Loan Scheme of Indian Banks’ Association (IBA). Under the CGFEL scheme you can get a loan up to Rs 10 lakh for study in India and up to Rs 20 lakh for studying abroad.
Can I take 2 education loans?
Well, the answer to the above question is – Yes, a student can be eligible for a second education loan. For this, they can either apply for a second education loan from the bank they already have taken their first loan from or they can apply to a different bank.
Who are eligible for CA scholarship?
The eligibility criteria for obtaining financial assistance from CASBF are as under: Annual income of parents from all sources must be less than Rs. 3.0. Lakh.
What is the fees for CA course?
The entire CA Course takes five years to complete. The total course fee is INR 1.9lakhs. For complete information about CA course fees, details, and CA fees structure, read more.
Can I pay education loan at once?
Repaying education loan at one go eliminates all the interest that will be paid month-by-month adding to the total expense of the loan. While pre-payment of student loan at one go will only incur a nominal processing fees it will save you from interest rates levied on your loan.
Is property required for education loan?
Generally, education loans are unsecured in nature.It means you do not have to pledge any asset as collateral. However, education loans with loan amount of Rs. 7.5 lakh or higher, may require collateral. Though there is no cap on the disbursed loan amount, the loan amount can range anywhere between Rs 20-50 lakhs.