Education Loan for CA

Introduction

As it is known by all, becoming a Chartered Accountant (CA) is not very simple. In actuality, only a very small percentage of candidates pass all CA tests on their first try. As a result, CA tutoring is crucial because it aids in a student's exam preparation. However, the cost of CA coaching is rising over time. Coaching classes now charge a higher price as a result of coaching being more and more popular among students and increased student competition. Due to this students need to consider many aspects of their cost while studying for a CA. Getting financial assistance with a student loan for CA is one of the many options that students choose to pursue their dreams. There are several banks and NBFCs where one can obtain an education loan for CA with many benefits to pursue their higher education.

CA Loan Eligibility

The loan terms must be considered carefully by students before applying for a loan. The following criteria must be met in order to be eligible for an education loan for CA to study overseas -

• The candidate must be an Indian national or resident
• The candidate has to be admitted into one of the participating institutions' CA programme
• It is essential to check with the financial institution because some banks have a 35-year age limit
• The applicant's financial status, academic history, the status of the CA school, and the collateral put up may all have an impact on the bank's decision to give a student loan for a CA programme

Expenses Covered Under Education Loan

The best part about applying for a CA school loan with UniCreds is that students can receive up to 100% funding, which means that the loan will cover all or most of their expenses. Students can anticipate the following expenses to be covered by an education loan for CA -

• Cost of Tuition
• Transportation and travel, including airfare
• Housing costs and rental costs
• College costs and additional course fees
• Expenses for food
• Living costs
• Laptop
• Additional research, thesis, and project-related costs
• Any additional costs associated with a CA

Top Education Loan Providers in India for CA

The best educational loan companies providing education loans for CA to Indian students studying abroad are listed below -

1. ICICI Bank
2. Avanse
3. IDBI Bank
4. InCred
5. HDFC Credila
6. Axis Bank
7. Bank of Baroda