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CAN A CA AVIAL EDUCATION LOAN?

swaroop (CA Final) (95 Points)

18 December 2009

I have been trying with many banks for education loan for completion of my CA. Every banker is insisting me to get a estimate for my expenditure certified by ICAI. I think ICAI will definitely not provide such sort of Certificate. Earlier CA use to be a low cost Course but now a days its no more less than an engineer course or a medical course.

can any one suggest me in this regard?

Thank you

Swaroop (CA Inter)

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12 Replies

Ramchandra D Jawad (Artical ) (30 Points)
Replied 18 December 2009

I Have also Facing this problem .

Can Some one help me

Thank u.

Mahesh ( CA Final) (132 Points)
Replied 18 December 2009

I'm also facing Same problem Up to IPCC The fee Cost is 20,000 (witout tut) with tut means morthan 40K

mayur (article) (42 Points)
Replied 18 December 2009

yaar koi asi tips mile to plz tell me

and send me this to my mail

Dheeraj Sondhiya (CA- IPCC) (184 Points)
Replied 18 December 2009

hello i am also facing same problem thats why i am unable to do CA course

CA Ravi Sisodia (CA,CS,CMA) (32226 Points)
Replied 18 December 2009

FOR THE PURPOSE OF LOAN CA COURSE NOT INCLUDE IN HIGHER EDUCUTION.

sunitha (student) (22 Points)
Replied 18 December 2009

LOAN CAN BE AVAILED BUT THE AMOUNT OF LOAN BE THE ICAI S REGISTERATION FEE ONLY . IT COULD NOT COVER THE TUTION FEE. UNION BANK, ANDHRA BANK, SYNDICATE BAN WILL GIVE THE LOAN.

I KNEW THESE BECAUSE I AM DOING CONCURRENT AUDITS FOR THESE BANKS AS AN ARTICLED ASSISTANT. DURING THE AUDIT PERIOD I CAME ACROSS THIS

C.A Akash Gupta (C.A ICWA Final CS Professional) (242 Points)
Replied 18 December 2009

surely you can get the loan for registrtion amount and the expenses of tuitions and books and other relevent information but you and not any guardian of yours can avail the deduction under chapter 6A for the intrest paid..............on that loan..........

Rishabh Mishra (C.A Final) (144 Points)
Replied 18 December 2009

Mr. akash...the above people want help for pursuing their education ....pl. help them by telling some way out to get it....and dont help by explaining the income tax provisions regarding who/who will not get the deductions...they being CA students can find it out themselves...

and for my frnds...i think that u can get the loan upto the amount of registration fee of the institute by showing the fee structure in the ICAIs Prospectus...no need to get the reqd. certificate separately from the institute..

1 Like

sahil schroff (CA Final (N10)) (116 Points)
Replied 19 December 2009

u can get your estimate attested/approved by a CA also i suppose, ICAI won't do it mostly. i recall they made such a fuss for attesting students exam forms .. so this feels a bit far fetched. any way good luck with your loan thing and rishabh go easy on akash .. he's recently passed his income tax paper, going by his tag line, he'll be a little enthusiastic won't he? :P

suri (student) (55 Points)
Replied 19 December 2009

A ca can avail Education loan up to icai registration fees only i think it is nominal amount so a ca can not get Education loan

Ashish Kr Mishra (CA-final & CS-final) (122 Points)
Replied 19 December 2009

At 1st CA course is not dearer as medical n Engineering. At PCC level self study is enough for passing the exam....At final level almost 4 tutions r required....cost, mafa, accounts and dt. Cost will all around 25000/. so this is not a big deal....sm sacrifices needed n u cn study without loan......