Education and Career Forum

Sir/Mam, I have done 12th with 40% marks aggregate. Now I want to do BCA and need education loan for it? Am I eligible to apply? Can you please provide me the details on this? Awaiting to get the response soon as possible. Thanks!

Yes you can apply for under graduate course.
Under SBI loan scheme the max amount for studying in India is Rs.10L
Documentation Required:::
~ Completed Education Loan Application Form
~ Mark sheets of last qualifying examination
~ Proof of admission scholarship, studentship etc
~ Schedule of expenses for the specified course
~ 2 passport size photographs
~ PAN Card of the student and the Parent/ Guardian
~ Borrower's Bank account statement for the last six months
~ Income tax Returns/ IT assessment order, of last 2 yrs
~ Brief statement of assets and liabilities, of the Co-borrower
Proof of Income (i.e. Salary slips/ Form 16).

The Borrowers can apply for education loan by visiting the official website of the bank and can fill up the application form or else you can visit the nearest branch of the bank and can fill the application form after that the procedure will start and you need to submit the necessary documents demanded by the bank like ID proof, educational documents, etc. After few days the bank will provide you the loan by crediting your bank account.

To apply for an educational loan to do BCA course, you should have secured admission in BCA course after completion of your 12th standard from a recognised board. You need to submit some documents photocopies like 10th standard, 12th standard mark sheets, Address Proof, Income Proof, Identity Proof, Admission letter, etc., to be eligible to apply for an education loan. Once, your documents are verified, your education loan will be sanctioned within 10-15 working days.