Education and Career Forum

I am prepared for the IAS, but my family is poor please loan providing? What is the procedure followed to apply and get the loan? I really want to become an IAS but cannot apply for any course now. It will be helpful if you can provide me with the details. Thank you!

°°° You have to give your loan application in the bank in which you want to apply for loan and after that you need to submit required documents to the bank and there are so many government policies by which you may take loan in less interest.
It would be better if you go to the bank and contact in person with the bank for more details regarding education loan.

According to me, you cannot get education loan for IAS coaching because education loan is provided for academic courses only.

Under coaching exam loans offered , the maximum amount is 2 lacs to be returned in EMIs in 2 -3 yrs.

The documents needed to apply for loan are
Adress proof
Identity proof
Admission proof
Fee receipt
Passport size photograph.
Some banks also ask for some affidavit.

In case you put an asset as a collateral , you can negotiate for interest rates which is normally around 11_ 14.5 % for specialised coaching loans.

Like most loans you need to pay margin money which is 10% of loan.
For application purpose , you may visit the official website of the bank .