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Becoming a Chartered Accountant is one of the most respected and rewarding career paths in India, but the journey is long, competitive, and often expensive. From CA Foundation to CA Final, students must cover coaching fees and other expenses. An education loan for CA students helps ease this financial pressure, allowing candidates to focus fully on each exam stage.
In this guide, you'll learn everything about CA education loans in 2025 in India and abroad.
Also, if you’re an ambitious student, aiming to become a CA right after school, read here how to get an education loan after 12th can help you start your journey with financial support from banks and NBFCs.
Bonus Tips:
- Girl student concession (0.5%) is available in many banks.
- APR, which includes interest + processing fees + insurance, may be higher than the mentioned interest rates.
- Many government banks require a 5–15% margin; however, some private banks and NBFCs like Propelld require no margin money.
If you’re applying for private chartered accountant colleges with higher fees, you can go for NBFCs, as they are often better options than banks providing non-collateral loans with lower student loan interest rates.
Pursuing a Chartered Accountancy (CA) qualification involves significant financial commitments. Understanding the education loan moratorium period through this guide will aid students in managing loan repayments effectively.
Get Education Loan for Any College in India
Loan Amounts for CA Education Loan in India and Abroad 2025
Chartered accountant loans enable aspiring individuals and students to finance their dreams without worrying about covering the associated expenses. Here’s how much you can get if you apply for an education loan for CA course:
NBFCs like Propelld also offer lucrative loan amounts with tailored education plans. You can check out full cost breakdown as well in our Transparency Policy.
Expenses Covered
- Coaching fees (Foundation/Inter/Final)
- ICAI registration fees
- Exam and re-attempt fees
- Articleship expenses
- Books, laptop, material kits
- Hostel/PG/rent
- Travel and miscellaneous costs
But if you prefer flexible, quick approvals with maximum expenses covered, you can also explore Propelld's student-first loan options.
Education Loan for Chartered Accountant Interest Rates 2025
CA loan interest rates vary between 7.15% to 16%, depending on the lenders and applicant profiles.
Here are the CA loan interest rates for some common lenders:
Features of Education Loan for CA in India (2025)
An education loan for CA allows aspirants and students to finance their dreams without worrying about covering the expenses. These loans come with specific features that a borrower must consider.
Understanding the direct and indirect liabilities meaning in education loan is essential for planning your finances wisely. Direct liabilities include tuition and admission fees, while indirect liabilities cover living expenses, travel, and study materials.
Can a CA Student Get Education Loan for Graduation and Coaching?
On the Reddit thread r/Indian_Academia, a user shared, "I’ve just joined B.Com (Hons.) at Shri Ram College of Commerce while preparing for my CA Foundation exam. With heavy medical expenses at home, my family can’t manage PG rent, college fees, extracurriculars, and coaching costs. Can I even get a student loan for graduation plus CA coaching, or are loans only for master’s degrees abroad?"
This is a common concern among many students applying for CA loans in India. So, here’s what CA students should know:
1. Undergraduate loans – Recognised institutions like SRCC qualify for education loans covering tuition, hostel, and related academic expenses.
2. CA coaching support – Certain lenders allow loans for professional coaching and exam fees under their education financing schemes.
3. Eligibility factors – Loan sanction depends on admission proof, the co-applicant’s income, and repayment capacity.
4. Coverage limits – Loans may not fully cover PG rent or extracurriculars, but can ease the bulk of tuition and coaching costs.
5. Government schemes – Options like the Credit Guarantee Fund Scheme for Education Loans (CGFSEL) help students without strong collateral.
So, the answer is yes! Students can get education loans for graduation and CA coaching in India. The key is comparing lenders, interest rates, and schemes to build a financing plan that balances academic goals with financial realities.
Also, when considering an education loan for pursuing Chartered Accountancy abroad, you can explore the education loan options for studying in Ireland, as they offer comprehensive coverage of tuition fees, living expenses, and other associated costs!
Get Education Loan with Higher Chances of Approval
Chartered Accountant Loan Eligibility Criteria
Students willing to apply for an education loan, whether in India or abroad, must fulfil the following CA loan eligibility:
Understanding the education loan eligibility criteria and other details is important for a smooth approval, especially for CA programs where lenders may set course-specific requirements tied to academic performance and approved institutions.
Education Loan for CA: Documents Checklist
Lenders typically require the following documents from applicants for chartered accountant loans:
If you’re still confused and want to understand the education loan document checklist in detail, read this guide.
Features of Education Loan for CA in Abroad (2025)
The features of student loans for CA when pursuing abroad are somewhat different than India.
When considering an education loan for pursuing Chartered Accountancy abroad, it's essential to explore the education loan options for studying in Ireland, as they offer comprehensive coverage of tuition fees, living expenses, and other associated costs, along with competitive interest rates and flexible repayment terms
Type of Education Loans For CA Students
There are different types of chartered accountant loans for education available in India and abroad. All these loan types have their own benefits and disadvantages.
1. Bank Education Loans: Major institutions provide specialized education finance to students with professional degrees like Chartered Accountants. CA students benefit from flexible repayment options, tax advantages, and low interest rates on these loans.
2. NBFC Education Loans: CA students can get student loans from NBFCs, as well. These institutions may have somewhat different lending terms and qualifying restrictions than banks.
3. Government-backed Education Loan Schemes: Several education loan programs have been established by the Indian government with the intention of supporting students who are enrolled in professional courses, such as CA. Famous government-backed programmes include CGFEL and CSIS.
An NBFC education loan is a flexible financing option provided by Non-Banking Financial Companies, often preferred for quick approvals and fewer collateral requirements, especially for international studies.
Education Loan Eligibility for CA In India
1. The CA aspirant must be an Indian citizen
2. Enrollment in a full-time CA program at a recognized university/institution in India
3. Age: 18-35
4. Minimum qualification: Completed undergraduate degree
Application Process
CA student education loans need a systematic application and paperwork submission. Knowing and obeying the rules may speed up the process and boost your chances of acceptance.
Navigating the Application Journey
CA students need a well-planned and organized education loan application. Here is the application process:
Determine Eligibility
1. Indian citizenship.
2. Enrolled in a full-time CA program at a recognized Indian university/institution.
3. Age between 18-35.
4. Minimum qualification of completing an undergraduate degree.
Gather Required Documents
1. Application form with photos and signature.
2. Student documents like ID proof, admission letter, academic records, competitive exam scores, etc.
3. Co-applicant documents, including financial records if salaried or self-employed.
4. Other documents like bank statements, loan invoices, and prior loan statements.
Choose Loan Type
1. Decide between secured and unsecured loans based on your financial situation and willingness to provide collateral.
2. Unsecured loans do not require collateral, while secured loans need assets like property or investments as security.
Submit Application
1. Complete the loan application form with all necessary documents.
2. Ensure that both the student and co-applicant understand and agree to the terms of the loan.
Review and Approval
1. The lender will review your application, documents, and financial situation to determine loan approval.
2. If applying for a loan with collateral, the value of the collateral must meet specific requirements.
Loan Disbursement
1. Once approved, the loan amount will be disbursed to cover educational expenses.
2. Repayment terms, interest rates, and moratorium periods will be outlined in the loan agreement.
Documents Required for People with Collateral
If you are applying for a secured loan (a loan with collateral), you need to provide certain documents related to the asset you are pledging. These documents help the lender protect their interest and clarify responsibilities.
1. Security Agreement
This document explains the terms and conditions of the collateral. It outlines the rights and responsibilities of both the borrower and the lender regarding the pledged asset.
2. Guarantee and Collateral Agreement
A legal document that describes the duties of both the borrower and the lender concerning the collateral. It details the asset and the conditions under which the lender can take possession if the loan is not repaid.
3. Pledge Agreement
This agreement shows which assets are being pledged as security. It also explains the situations in which the lender can claim ownership of the pledged asset.
4. Deposit Account Control Agreement
If your deposit account is used as collateral, this agreement allows the lender to control the account in case of loan default.
Documents Required for People with No Collateral
Lenders generally evaluate unsecured loans, which do not demand collateral, in accordance with the borrower's income, creditworthiness, and ability to repay. The documents that may be necessary in such circumstances may consist of:
W-2s, Bank Statements, and Pay Stubs
These documents function as substantiation of the borrower's income and financial stability, thereby establishing their capacity to repay the loan.
Receipts
The recording of financial transactions or payments executed by the creditor can serve as evidence of their fiscal prudence and expenditure patterns.
Deeds
Legal records attest to the possession of property or assets, regardless of the fact that said assets are not eligible for collateral.
Contact Information
Information necessary to establish borrower identification and communication, including residential address, phone number, and email address.
Loan Details
Data pertaining to the loan quantity, intended use, and repayment conditions assists the lender in evaluating the borrower's capacity to fulfill financial commitments.
Account Number
Account information is required for loan processing and disbursement for the borrower.
An education loan without collateral allows students to secure funding without pledging any security, making it ideal for those from middle-income families or without assets, and to avail this, it’s important to understand the documents required for people with no collateral, which typically include academic records, admission proof, co-applicant income proof, and KYC documents.
Tips for Choosing the Right Education Loan
Various education loan alternatives can make the selection difficult for you. These crucial elements will help you choose the best loan for your CA Education:
Evaluate Interest Rates
Interest rates should be priority number one when comparing education loans. Look for CA loans with lower interest rates. Any rate modifications throughout the loan period must be considered together with the original interest rate. Review the lender's policies in their entirety and inquire about the rationale behind any variable or floating interest rate structures.
Assess Repayment Tenure
The loan amount and monthly payments depend on the payback duration. Extended repayment durations may lower monthly payments but raise interest costs. Shorter loan periods may raise monthly payments but lower interest costs. In light of your anticipated future income and financial responsibilities, choose a repayment term that corresponds to your situation.
Explore Additional Features
Lenders might supplement the loan for chartered accountants with additional attributes, in addition to interest rates and repayment duration. Potential advantages may comprise adaptable repayment alternatives, tax advantages, or insurance provisions. Thoroughly assess these characteristics and ascertain their potential effects on your financial circumstances.
Consider Eligibility Criteria
Student education loans might be subject to eligibility criteria that differ among different lenders. Your prospects of obtaining a loan may be affected by academic performance, family income, credit scores, and collateral obligations, among other things. Before applying, check the lender's qualifying conditions.
Reputation and Customer Service
Additionally, the reputation and quality of the lender's customer service should be considered. Conduct thorough online reviews, solicit recommendations from reliable sources, and evaluate the lender's historical performance in managing education loans. A lender renowned for its dependable customer service can streamline and optimize the loan procedure.
Read the Fine Print
Before signing a loan deal, read and understand the small print. You must carefully understand the terms and conditions, fees, fines, and other elements that may affect your financial obligations. If any part of the agreement is unclear, consult the lender.
Wrapping Up
Pursuing the Chartered Accountants program necessitates a significant financial investment but is ultimately rewarding. Knowledge of the complexities surrounding education loans for CA students and personal loans for chartered accountants can enable aspiring professionals to obtain the funds necessary to finance their academic ambitions. These specialized loan products provide adaptable repayment options, competitive interest rates, and customized features to satisfy the specific requirements of CA students.
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