Becoming a Chartered Accountant (CA) is not an easy task. In fact, the success rate of people that clear all CA exams in their first attempt is very low. Therefore, CA coaching is important as it helps students prepare properly to clear the exam. However, CA coaching is becoming expensive with time. The increase in the popularity of CA among students and the competition among students has lead to coaching classes charging a premium fee. More often than not, the coaching fee could be high for you as it has to be paid completely at the beginning of the course. Additionally, you will need to purchase study materials and other study aids. Still, it is not an issue to worry about as now you can avail education loan for coaching.
Education Loan for CA
Education loan for CA sounds like a brilliant idea to help students financially with their dream of becoming a Chartered Accountant. However, the education loan interest rate that accompanies the loan is high enough to deflate that dream. The interest rate of education loan in India is generally high as banks consider it risky to provide loan with so many uncertain aspects. That being said, if you have no other avenue left to consider, then education loan for CA is the best option for you.
But, it would be careless on your part not to consider other options that could help you avoid the mind-numbing loan approval process of the banks. Education loan in India can be availed from numerous sources, not just banks and NBFCs. With the advent in technology, online lenders have become one of the best sources of loans for coaching.
Instant Loan for CA Coaching with PaySense
Banks provide one major benefit when they offer education loan which is the high amount of loan. However, CA coaching does not require you to avail a loan for 10 lakhs or above. So, if you do require coaching loan for CA up to INR 2 Lakhs, then download the PaySense mobile app. The rate of interest is marginally higher than education loan interest rate but you enjoy many benefits. Not only is the approval process lightening fast but you can apply for the loan from the comfort of your home. Additionally, you can even use the loan amount to purchase study materials and travel expense as well.
Apply for Loans of upto ₹5 Lakhs easily using your phone or laptop, and pay back on low EMIs