Education and Career Forum

Sir i am in need for loan for my mca studies. I need 3 lacs for my studies...my mark in 10th=62%,, 2=49%,, 3=58%. Sir i am eligible or not for this percentage.

Education loan is given upto Rs 4 lacs to study any course.

So,you will get a education loan for MCA .

Am I eligible for loan worth 3 Lacs for MCA having weak academics?

There is no specific restriction regarding the age of a student in order to be eligible for an education loan. Age of joint applicant / co-borrower / guarantor should be minimum 21 years at the time of loan origination and maximum age at the time of loan maturity can be 70 years.

Banks provide loan on getting confirmation letter from the college.
Once a candidate receives confirmation letter from a college, he/she can apply for loan in any of the banks.
Banks usually grant loan to students who have secured admission in a reputed college with good placement facility.
Although you are an average student, still you can apply for loan provided you secure admission in any recognised college.

You can get upto 4 lacs without any collateral security and third party guarantee.

1. The applicant must have completed their graduation with a minimum of 50% marks from any recognised university.

2. The annual income of parents should not exceed 2 lakhs per annum.

3. The applicant must be the citizen of India.

4. There is no age bar to apply for this scholarship.

Yes, you can apply for loan to pursue Masters in Computer Application. If you have secured ateast 50% marks during HSC & Graduation.

The documents required for Education Loan for unemployed candidates:-
KYC documents
Bank Statement / Pass Book of last 6 months
Optional – Guarantor Form
Copy of admission letter of the Institute along with fees schedule
Mark sheets / passing certificates of S.S.C., H.S.C, Degree courses

Am I eligible for loan worth 3 Lacs for MCA having weak academics?

The candidate applying for the loan must be a resident of India. He/she must have confirmed admission in recognised educational institutes in India or abroad. The age of the candidate must fall within the bracket of 18 to 35 years during loan application.

You can get up to 4 lakhs of educational loan for higher studies without any collateral. But it's difficult to get an education loan, unless the students themselves show remarkable performance.