Education and Career Forum

Respected Sir/Madam, I want to apply for an education loan from Nainital Bank. I want to do BCA. but the college is very far from my location. I don’t have a bike so I can get a bike under the education loan scheme of this bank?

That is not possible, education loan is granted to students for study purpose.
And expenses covered under education loan are also related to studies like
Cost of laptop
Cost of books and equipment
Fees
And other related expenses.
For getting bike , you have to apply for student bike loan.
There has to be co borrower and co applicant to get student bike loan.

Can I avail a bike under Nainital Bank Education Loan Scheme for BCA(H) course?

Nainital Bank offers bike loans with interest rates starting from 9.50% p.a. The repayment tenure of the loan is up to 5 years. Up to 85% of the on-road price of the two-wheeler may be provided as a loan.

Interest Rates 9.50% p.a. onwards
Maximum Loan Amount Rs.5 lakh
Minimum Loan Amount Contact the bank
Repayment Tenure 60 months
Income Contact the bank.

°°° No, you cannot avail a bike under Nainital bank education loan scheme.
The cost required to purchase the bike will not be considered under any bank education loan scheme.
Even the bank doesn't offer an education loan of more than rupees 10000 so you have to choose any other bank to apply for an education loan for pursuing BCA course.