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Loan For CA Course

521 views 1 replies

nmsumantha

Consultant

24 Points Posted on 06 February 2010

Hi,

One of My relative wants to enter CA Course, He wants to obtain Loan from Bank, which in turn asked for Cost Estimation from the Institution.

When I enquired with Bangalore Branch of SIRC, they said that, it is not possible for them to give such estimation, by quoting the reason that many people have misused the facility of the estimation given by Institute, & they have clear instruction from the Higher authority not to give such estimation.

This is very harsh on part of Poor Students.

Can any body suggest way how he can apply for the loan & also the procedurres

Replies (1)

Guest

Best way is to apply for a loan regarding house rent or as a non-resident employee.

I am not that aware of the details but many students studying in mumbai who come all the way through outside states especially foreign students, banks have various schemes of granting loans, if they are facing staying problems or can't afford hostel fees, etc.

Banks provide these loans on the testimony or proof of residence, details of hostel where ur staying and importantly one party who accepts the repayment if you fail to pay the loan in stipulated time which are usually the parents of the students who take risk on the assurance of their children. I think this can atleast solve ur needs to cover academic expenses.