Education and Career Forum

Hello, I am preparing for MCA entrance exams. Suppose, if I have to give donations for admission then any Bank will offer my an Education Loan for MCA course? Please reply as soon as possible. Waiting for your response. Thank you!

Yes. You can take an education loan from the bank for donation at the time of MCA admission.

Nationalised banks do not provide any loans for donation purpose.
They mainly provide loan for yearly curriculum fees which will be mentioned on college letter head and receipt.
Donation has to be paid by the candidate himself
Loans cover expenses like
Tution fees
Hostel fees
Expenses related to books/equipment
Library and laboratory fees etc

Does Banks offer an Education Loan for donation at the time of MCA admission?

Name of Bank Interest Rate (p.a.)
Axis - 13.70% to 15.20%
Bank of Baroda - 6.90% to 10.85%
HDFC - 9.00% to 13.86%
Kotak Mahindra Bank - 11.50% to 24% per annum.

Does Banks offer an Education Loan for donation at the time of MCA admission?

Students can borrow up to Rs 4 lakh without providing any security or margin. A loan amount of Rs 4 lakhs to Rs 7.5 lakhs can be availed against a third-party guarantee. Banks such as Axis Bank, HDFC Bank, ICICI Bank, etc. offer loan.