Education and Career Forum

I have completed my B.Com and I want to do CA, but I want education loan for this. How can I get this loan and which bank is most suitable means in lowest interest rate

To get an education loan for pursuing CA course, you should have secured admission in CA course in a recognised college/ university. You need to contact the bank branch manager where you wish to apply for an education loan to know the details of an education loan. You need to submit documents like academic certificates, admission letter, Income Proof, Address Proof, etc., to bank for processing your education loan. If all the details submitted by you are verified and found correct, your education loan will be sanctioned within 10-15 working days.

Normally, small loans or petty loans are not issued by Public Sector Banks like SBI, PNB, etc but one can opt such loans from the small finance company or micro-finance company like Ujjivan, Bandhan, Janlakshimi, etc, the rates are generally around 8% to 10% varying form scheme to scheme, one still can approach SBI but if CA is categorized under skill development according to them then you may get loan from not only SBI but also from other Public sector banks. Approach any one of the above institution generally this type of loan request is approved quickly by micro finance companies unlike the public sector banks which takes huge time in approval and mostly are rejected.