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can we get education loan

ehtheshamul haq (article assistant) (26 Points)

10 March 2018

Hi everyone,
For a CA Final aspirant who has failed many attempts and want to look over the other courses like CIMA, CMA(USA), CIA etc.
I came to know that registration and exam fees are very expensive and goes beyond INR 1lakh.
Can we get an education loan from any bank to apply for those above mentioned finance courses of other countries.
please respond if anyone has any idea on it.

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6 Replies

Rishi Mehta (Ur friend ) (1533 Points)
Replied 10 March 2018

Consult with nearest bank

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Upendra Neduri (164 Points)
Replied 11 March 2018

Most of the banks are not showing interest in providing loans to us. ICAI recently tied up with few banks to provide loans to CA students. But that was almost waste of time.

CMA Ramesh Krishnan (Cost & Management Accountant) (71489 Points)
Replied 04 October 2018

Educational loan eligibility for regular college & university courses

Ankita Kumari (4 Points)
Replied 28 February 2023

You can avail of an education loan from Avanse Financial Services. Education loan by Avanse for Indian students covers all their education-related costs, from school fees to learning devices, books, and other expenses. The best thing about selecting Avanse Financial Services is that you can get a loan for education with or without collateral, as per your need. You can find a loan for education to study abroad or study in India. Avanse provides education loans with flexible repayment options, quick and hassle-free disbursals, and service at your doorstep. You can customise the loan to meet all your financial needs with ease. You can opt for a loan for diploma courses and professional degrees offered by top colleges approved by AICTE, UGC, IMC, and the Government.

Ankita Kumari (4 Points)
Replied 31 July 2023

I would recommend you apply for an education loan from Avanse Financial Services. Avanse is an education-focused NBFC that provides customised education loans to Indian students. These education loans cover all the expenses, including housing costs, books, course fees, travel, etc. These loan solutions are designed to provide financial support to fulfil various student needs related to education in India and abroad. Avanse Financial Services provides student loans, loans for professionals (executive education loans and skill enhancement loans), and institution loans (loans for educational institutions and social infrastructure loans).

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Sumita Kulesari (10 Points)
Replied 18 June 2024

Yes, you can get an education loan from Kotak Mahindra Bank. They offer education loans to students aiming to pursue higher education in India and abroad. Kotak Mahindra Bank provides attractive interest rates, flexible repayment options, and quick processing. The loan covers tuition fees, accommodation, exam fees, and other related expenses. Eligibility criteria include admission to recognized institutions and a co-applicant, typically a parent or guardian. To apply, you need to submit an application form along with required documents like admission proof, KYC documents, and academic records. For more details, you can visit Kotak Mahindra Bank’s official website.