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Education loan by the State Bank of India for CA Students

Suresha R (Chartered Accountant) (1161 Points)

24 June 2011  

STUDENT LOAN SCHEME

Our Student Loan scheme covers courses like ICWA, CA, CFA, etc. However, many students are not

availing education loan for chartered accountancy course. We have now received a request from ‘The

Institute of Chartered Accountants of India’ (ICAI), which is a statutory body set up under an Act of

Parliament viz. The chartered Accountants Act, 1949, to consider the loan applications of the

students entering into its chartered accountancy course. Thus, loans to student entering into the

chartered accountancy course conducted by ICAI only may be considered under Student Loan

Scheme. A maximum loan of Rs, 2 lacs may be sanctioned based on the following expenses:

S.No.               Particulars                                                                   Amount (in Rs.)

 

1.                  Course Fee                                                           42,450/-

 

2.                  Provision of Laptop                                              40,000/-

3.                  Expenditure on Live Virtual Classes                       50,000/-

4.                  Six weeks residential course (optional)                  40,000/-

The loan can be distributed in the following manner:

1. On registration for CPT- 10% of the sanctioned amount i.e. maximum20,000/-

2. On registration for IPCC- 30% of the sanctioned amount i.e. maximum60,000/-

3. On registration for final- 60% of the sanctioned amount i.e. maximum Rs1,20,000/-


 14 Replies

sachin ramani (EMPLOYEE AT CA FIRM) (27 Points)
Replied 08 July 2011

Please give me source of information of education loan to ca student because i went to sbi they denied for ca course.

please reply as soon as possible.

Thanks for such useful information.

Regards ,

Sachin Ramani.

1 Like

Khushboo Goyal (Working) (342 Points)
Replied 10 July 2011

Plz give me source of information of education loan to CA student, (means, exactly which branch of banks give d loan) as i went to oriental Bank of Commerce, they have denied for giving d loan by saying that they didn't get any such information by ICAI.

Plz inform as soon as possible.

Regards

Khushboo

Hardik Dave (IPCC and CS Professional(FINAL) Student)   (15528 Points)
Replied 10 July 2011

Pls give information in Detail.

Prasad Chidrawar (Practice) (27 Points)
Replied 12 July 2011

plz tell me wats the effectiv date of this scheme??????  means from when has it started?????? 

Sumit Bhargava (CA Student) (326 Points)
Replied 28 August 2011

Originally posted by : Hardik Dave
Pls give information in Detail.

Santhosh (Audit Executive) (27 Points)
Replied 21 February 2012

hello friends,,

the loan will be given in each sbi branches,,, go and ask with them... the will tel u da details,, i also tried but my native is not blr so i dint get here. but am approaching my native branch but they are telling that no such provision.. go to your nearest sbi branch and tel them abt loans,, they will seach in recent cercular   list and i sure u that they wil accept  your proposal. if u people are bangalorians then u please visit SBI Ramakrshna Ashrama MPST team. They will tel you the details about the course

 

1 Like

Santhosh (Audit Executive) (27 Points)
Replied 21 February 2012

hello friends,,

the loan will be given in each sbi branches,,, go and ask with them... the will tel u da details,, i also tried but my native is not blr so i dint get here. but am approaching my native branch but they are telling that no such provision.. go to your nearest sbi branch and tel them abt loans,, they will seach in recent cercular   list and i sure u that they wil accept  your proposal. if u people are bangalorians then u please visit SBI Ramakrshna Ashrama MPST team. They will tel you the details about the course

 

Nelli.pradeep kumar reddy (CA) (118 Points)
Replied 24 August 2013

Dear sir , please give me the notification link from icai

Naga subrahmanyaM (artcle student) (254 Points)
Replied 11 September 2013

Sir kindly tell me if already registration is completed for IPCC. How can i apply for d loan?

Raushan jha. (To become a CA.) (23 Points)
Replied 02 March 2014

How can a student apply for loan.  Can anyone plese share informtion in detail.

N Avinash Reddy (9 Points)
Replied 27 December 2018

I have completed my ipcc can i get loan what i paid for cpt &ipcc

N Avinash Reddy (9 Points)
Replied 27 December 2018

I have completed my ipcc can i get loan what i paid for cpt &ipcc

NITIN (Student) (72 Points)
Replied 05 October 2019

Hello Sir,
This is Nitin from Belgaum city .
Can any one help me out SBI is refusing to provide education loan so what other all bank that ICAi tied up.

 


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