Education and Career Forum

Respected Sir,
I am in a final year of my BCA and I want to do MCA after my Graduation. I am also preparing for the entrance exam. Can you please provide me the details of Bank Education Loan for MCA course? Please help me to find out.

You can definitely opt for education loan in order to meet the expense of your MCA course. You need to get admission in any recognized institute which provides good exposure to its students so that your education loan request is sanctioned with ease. You need to comply with the terms and conditions of the bank and complete all the formalities as per the loan amount which you take. The maximum loan amount which you can take is 10 lakhs for study in India and 20 lakhs for study in abroad. The interest rate will be fixed by Reserve Bank of India and it will fluctuate from time to time. The interest will be computed as simple interest for the entire study period. You will need to start repaying the loan after six months of completion of your course or when you get a job whichever is earlier. You can approach any bank near your residence for education loan; you need to talk to the branch manager.