How much can you get education loan for BSC Computer Science studies? Know

If you want to enroll in professional courses like BSC Computer Science but are worried about filling the fees, then you do not need to panic. Nowadays education loan has become an easy option from which millions of students are completing their dreams. The special thing is that banks and NBFC companies are now giving good loans for graduation courses like BSC.

BSC Computer Science is a three-year undergraduate course, which can vary according to the college. If you enroll in a private university, then the annual fees can be from about 1 lakh to 2.5 lakh rupees. That is, the total cost of the entire course can be between about 3 to 7 lakh rupees.

Banks usually give loans ranging from 4 lakh to 10 lakh rupees for courses like BSC. If you enroll in a top university or government institution (eg DU, BHU, or IISC), then the possibility of loan approval is even more.

What costs the loan covers?

Hostel fees
Books and study materials
Laptop/Computer (if necessary)
Exam fees and lab charges
Travel expenses (if college is in another city)

How is EMI and repair?

The best thing in education loan is that its EMI course starts only after completion. That is, as long as you are studying, only interest has to be paid or in some cases it does not have to be given. The loan EMI starts from 6 months or 1 year after completion of studies.

Suppose you have taken a loan of 6 lakh rupees and the interest rate is 9%. So in a period of 7 years your monthly EMI will be around Rs 9,600. However, the amount of EMI depends on your total loan, interest and period of repayment.

What documents are required?

College admission letter
Fee structure
Previous academic certificate
Aadhar card, PAN card
Parents/Guardian income proof

How to apply?

Now it has become very easy to apply for education loan. If you want, you can apply online by going directly to the bank branch or on their website. Also, many colleges themselves help the students to get loans by tying up from the bank.

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