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Anshul (.)     21 June 2011

Education loan for CA students

HEY ALL STUDENTS THERE IS A NEW PROVISION FOR THE EDUCATION LOAN BY THE STATE BANK OF INDIA FOR CA STUDENTS

FOLLOWING IS THE PROVISION



 

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/-



 88 Replies

mannoj

mannoj (striving for success)     21 June 2011

excellent......................

Abhijeet Deshpande

Abhijeet Deshpande (Co-Founder & Manager @ Tax-Yantra)     21 June 2011

Thanx for the info...

I think rarest of the CA students know about this facility..

CA ADITYA SHARMA

CA ADITYA SHARMA (CA IN PRACTICE )     21 June 2011

thanks for the good info...................

Anshul

Anshul (.)     21 June 2011

u r right abhijeet...the students who cant afford to do the CA course ca take the EDUACTION LOAN........which is a very good thing for the students.....

Indhumathi

Indhumathi (CA Final)     21 June 2011

Thank you very much

Namrata

Namrata (Spirutial Being)     21 June 2011

Thanks for the info.

rahul

rahul (Chartered Accountant and CS Prof.)     21 June 2011

 

Thanks for the information ..

P.Shanthi

P.Shanthi (student)     21 June 2011

thanks for the info.......anshul.........

Mukesh Kumar Singh

Mukesh Kumar Singh (CA-FINAL)     21 June 2011

thanks for sharing nice information 

 CA lakshmikanth

CA lakshmikanth (Chartered Accountant)     21 June 2011

My doubht is iam CA final Student and I also passed Ist group Can I avail Loan Facility at present

Srinivas Reddy

Srinivas Reddy (CA , MBA)     21 June 2011

nice sharing, it is useful info to so many people.

Srinivas Reddy

Srinivas Reddy (CA , MBA)     21 June 2011

Mr.Kant, i think u r not eligible for loan availment. u would have get if u applied for loan at the time of final reg.

otherwise u can contact nearest bank for clarification.

and what is the need of loan after completion 1 group in final. u can do a job with a co/firm etc.

rohit

rohit (doing cs executive)     21 June 2011

but whether they make any criteria for Education loan...

such as student's age. any guarantee, permanent home.. etc etc....

generally banks are not agree to provide loan to the student who have not secured guarantee..

or have nt permanent residential....


(Guest)

GR8 NEWS..THNX FOR SHARING..


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