Education Funds Of India (EFI), a unit of LSBCA Educational Trust is incorporated under Indian Trust Act 1961 and providing finance to the students or the parents of students for studying professional courses at London School Of Business & Certified Accountants.
The Education Funds of India is not accepting any deposits from public and not making advance to public at large. It is providing education loan only to registered students of LSBCA. The Education Funds of India is not a registered as a Loan company with Reserve bank of India or any other authority. Because of not providing loans to public at large from public funds. EFI providing education loan from its own trust funds to those students / parents who are not able to arrange education loan from commercial banks.
You can opt for the education loan provided by “Education Funds of India”.
Rate of Interest: 5% on following courses: ACCA, Chartered Wealth Manager, ACCA + Chartered Wealth Manager.
Margin paid by students: Registration fee Rs. 15,000/- and Rs.30,000/- (Adjustable in First installment of Fee).
How to apply:
The Full time student can apply with joint application of earning parents. Parents will be responsible to re-pay the loan with interest till the maturity of the loan.
Last 3 years IT returns, Pan Card and address proof certificate, student Loan insurance policy in the favor of Education Funds of India, Photo of student and parent (co. Applicant) and all postdated monthly Account payee cheques of the loan and interest amount in favour of Education Funds of India.
One acceptable guarantor is required.
Loan processing Fee:
Non refundable Rs. 5000 for Indian Resident payable to Education Funds of India.
Loan Insurance premium: as per insurance company.
A declaration letter from parents ( co-applicant ) for having their own arrangement for payments to “The Association of Chartered Certified Accountants ( ACCA UK ),” towards ACCA registration fee, Annual Subscription, exam fee, and any exemption fee. GBP 5 per month will be charge additional on the payment by credit card / Debit card.
|Program||Education Loan||Rate of Interest||Re-Payment Period||Monthly Installment Rupees|
|ACCA for 12th||Rs. 5,32,500/-||5%||38 MONTHS||Rs. 15,181|
|ACCA for B.COM||Rs. 3,45,000/-||5%||24 MONTHS||Rs. 15136|
|ACCA for 10th||Rs. 6,82,500/-||5%||50 MONTHS||Rs. 15,150|
|ACCA for CA- IPCC||Rs. 2,70,000/-||5%||18 MONTHS||Rs. 15,600|
|Chartered Wealth Manager||Rs.7,95,000/-||5%||60 MONTHS||Rs. 15,003|
|ACCA + Chartered Wealth Manager for B.com||Rs.7,95,500/-||5%||60 MONTHS||Rs. 15,003|
|ACCA + Chartered Wealth Manager for CA- IPCC||Rs.7,20,000/-||5%||53 MONTHS||Rs. 15,168|