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Education Loan For Studying CS Course | Canara Bank

Education Loan For Studying CS Course | CS Foundation, Executive and Professional. In the previous post, we have given CS Study Material for CS Foundation, Executive and Professional. Today we are providing details about education loan for studying CS course. Yesterday someone messaged me that ” Sir, is there any bank providing education loan for studying CS course”. I replied ” Yes! Canara bank providing education loan for studying CS course and the loan facility is need-based facility and a maximum of Rs. 10 lac would be allowed by the bank“. Here we are providing Canara bank education loan details for studying CS course. Read below !!

Education Loan For Studying CS Course | Canara Bank

Education Loan For Studying CS Course

We wish to inform you that the Institute of Company Secretaries of India (ICSI) signed an MOU with the Canara Bank to facilitate Education Loans to the students pursuing Company Secretaryship Course. The loan scheme will mainly cover the tuition fee, purchase of books, examination fees, study tours, reasonable living expenses and laptop etc. to arrive at the total cost of the course.

The loan facility is need-based facility and a maximum of Rs. 10 lac would be allowed by the bank. The loan is given jointly to the student and parent /guardian. The repayment commences One year after completion of the course or Six months after getting employment, whichever is earlier. Students intend to avail the loan facility may visit the Canara Bank branch nearest to the place of permanent residence of the parent/guardian.

Purpose Payment of course fees, purchase of books, Equipment, instruments, uniform, payment of hostel fees, examination fees, study tools, passage expenses, (for study abroad)
Eligible courses Graduation, post-graduation, including technical/professional courses with employment potentials conducted by colleges/universities approved by UGC/Government, AICTE/Department of Electronics/IMC, autonomous institutions like IIM, IIT, etc.
Studies abroad, Job oriented technical/professional courses-(graduation/post graduation.)
Quantum of finance Need-based finance

For studies in India: maximum Rs 10.00 lakhs

For studies abroad maximum Rs 20.00 lakhs

Margin Upto Rs.4.00 Lakhs – Nil

Above Rs.4.00 Lakhs – for studies in India – 5%

Studies abroad – 15%

Loan is given jointly to the student and parent/guardian

Assignment of future income of the student

Up to Rs.4.00 Lakhs – No Security

Above Rs.4.00 Lakhs up to Rs.7.50 Lakhs – Satisfactory third party guarantee

Security (Note: If the proposed borrower prefers to offer the collateral security of tangible assets (moveable or immoveable) instead of bringing collateral securities in the form of third party guarantee, the same may be accepted, at his request, provided the securities with stipulated margin covers 100% of the loan amount).

Above Rs.7.50 Lakhs: Collateral security equal to 100% of the loan amount.

· Commences one year after completion of the course or six months after getting employment, whichever is earlier.

· Loan with interest is repayable in equated monthly installments as follows.

Repayment – Up to Rs.7.5 Lakhs – 10 years

– Above Rs.7.5 Lakhs – 15 years

The loan can be availed from the branch nearest to the place of permanent residence of the parent/guardian.

For detailed terms & conditions, please visit https://canarabankcsis.in/olts/EduHome.aspx

Click here to see ICSI official notification about Education Loan For Studying CS Course

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Hope this article will help to know ” Education Loan For Studying CS Course | Canara Bank “. If you have any doubt, feel free to ask me via comment box. Share this article with your friends, who are studying CS Foundation, Executive and Professional courses.

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18 comments

  1. Good Afternoon sir,
    I want loan for cs executive..Canra bank manager had refuse to gve loan. (case aria not cover in my branch ) What should i do?Please tell me

  2. Hello..
    I want loan for cs executive..
    Canra bank manager had refuse to gve loan

    What should i do?
    Please tell me

  3. Am I need to submit any letter from icsi for taking loan for studying cs

  4. Sir,can i submit the cs executive registration form to the nearest regional chapter offfice before 31 st August.

  5. Sir , I want to take an education loan for pursing my company secretaryship executive and professional course but the branch manager of canara bank asked me how will the bank disburse the amount of education loan through DD .pls help me

  6. is registration fee for single and both modules is same?

  7. Hello..
    I want loan for cs executive..
    Canra bank manager had refuse to gve loan

    What shoid i do?
    Please tell me

  8. hello,
    i want to pursue me cs after graduation under direct entry mode. so will i be eligible for educational loan. i also wanted to know if the loan covers coaching fee or only the cs institute fee.?

    • Yes. The loan covers both coaching fee and ICSI institution fees.

      For more details please contact nearest Canara bank branch.

  9. hello sir i already apply for education loan for cs and submit all related documents but bank manager confused that how to calculate A.Y and how much amount should approve only this problem i am not getting loan

  10. Hello,
    M the student of cs. I wanna take education loan for cs. For this i visited my nearest branch of canara banj but to pass my loan bank manager required fee structure of cs. I also visited icsi help center of ahmedabad bt they dnt have idea abt fee structure. They are nt providing me fee strucure in which all the fees are included like registration fee,coaching fee,training fee etc.. I also sent mail to icsi student help desk bt i didnt get reply yet.. Now what can i do??? Plz reply me its very important for me..
    Thanks

    • CS Foundation Registration Fees = 4500/-

      CS Executive Registration Fees = 8500/-

      CS Professional Registration Fees = 12000/-

      Examination fees for Foundation, Executive and Professional = Approx 9000/-

      Click this link to see official notification : https://goo.gl/JNJgMC

      Coaching fees for CS course will be depend on your location.

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