Investing in your FUTURE
Education Funds of India (EFI), a unit of LSBCA Educational Trust, is incorporated under the Indian Trust Act of 1961. It offers financial assistance to students or parents of students pursuing professional courses at the London School of Business & Certified Accountants (LSBCA).
Here are some key points about Education Funds of India:
- Purpose: EFI provides finance specifically for studying professional courses at LSBCA.
- Nature of Operations: It does not accept deposits from the public nor does it provide advances to the public at large. Instead, it offers education loans exclusively to registered students of LSBCA.
- Regulatory Status: EFI is not registered as a loan company with the Reserve Bank of India or any other authority. This is because it does not provide loans to the public at large from public funds. Instead, it utilizes its own trust funds to provide education loans.
- Target Audience: EFI offers education loans to students or parents who are unable to secure financing from commercial banks.
Students or parents seeking education financing for LSBCA courses can consider opting for the education loan provided by Education Funds of India.
Interest Rate:
Education Loans are available at a 5% interest rate for the following courses:
- ACCA (Association of Chartered Certified Accountants)
- ACCA + B.Com (Bachelor of Commerce)
- ACCA + CFA (Chartered Financial Analyst)
Margin Paid by Students:
- Registration Fee: Rs. 15,000/-
- Down Payment: Rs. 45,000/-
How to apply:
The full-time student has the option to apply jointly with their earning parents. In this case, the parents will assume responsibility for repaying the loan with interest until its maturity
Required Documents:
- Last 3 years IT returns
- PAN Card
- Address proof certificate
- Student loan insurance policy in favor of Education Funds of India
- Photo of student and parent (co-applicant)
- All postdated monthly account payee cheques of the loan and interest amount in favor of Education Funds of India.
Guarantor:
One acceptable guarantor is required.
Loan processing Fee:
Non refundable loan processing fee 1% of the loan amount 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.
Installment Chart
| Program | Education Loan | Rate of Interest | Re-Payment Period | Monthly Installment Rupees |
|---|---|---|---|---|
| ACCA for 12th | Rs. 5,90,100/- | 5% | 43 MONTHS | Rs. 15,018 |
| ACCA for B.COM | Rs.3,91,800/- | 5% | 27 MONTHS | Rs. 15,373 |
| ACCA for 10th | Rs.7,45,900/- | 5% | 46 MONTHS | Rs. 17,852 |
| ACCA for CA- IPCC | Rs. 2,73,900/- | 5% | 18 MONTHS | Rs. 15,600 |
| ACCA + CIA | Rs.7,95,000/- | 5% | 60 MONTHS | Rs. 15,003 |
Click Here to check Courses Fees |
Email: contact@lsbca.com
Call Now: +91-9541120113 (+91)-172-2584113
