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Education Loan for Bachelor of Finance and Investment Analysis

Education Loan for Bachelor of Finance and Investment Analysis

The modern world of business and finance provides some of the most intellectually satisfying and high-paying jobs. If you are good with numbers, have a penchant for analysis, and are fascinated by the world of finance, a bachelor of finance and investment analysis degree is perfect for you.

A bachelor of finance and investment analysis, also known as BBA FIA, is a core finance degree and one of the most sought-after degrees for an entry-level job in finance. Not only are the starting salaries attractive, but the degree also lays an unparalleled foundation for an MBA if you decide to pursue it down the line.

While a bachelor of finance and investment analysis from a top institute can be expensive, several financial institutions provide education loans. However, it would help to have a robust financial plan to take advantage of an education loan.

Fortunately, you don’t have to look any further. Here is a complete guide on BBA FIA education loan for you.

What is a bachelor of finance and investment analysis?

A bachelor of finance and investment analysis is a three-year undergraduate program that aims to develop a comprehensive foundation in business, management, finance, and investment practice and theory. Some key subjects that you will study in a BBA FIA include:

  1. Financial management
  2. Econometrics
  3. International finance and accounting
  4. Risk management

Delhi University (public) and Galgotias University (private) are two reputed institutions that provide BBA FIA degrees. To be eligible for admission to these universities, you must pass the senior secondary examination in the science, arts or commerce stream with more than 50%. Next, you need to clear the common university entrance test (CUET) with good marks (decided by the cutoff of the specific university) and apply to the university of your choice.

What is the overall cost of a bachelor of finance and investment analysis?

The average cost of a bachelor of finance and investment analysis can range from Rs. 70000-300000 for three years, with public universities costing on the lower side and private universities on the higher. The major components in the cost breakdown are as follows:

1. Tuition: Tuition gets the lion’s share of the total cost of a BBA FIA. Tuition costs usually cover academic and examination expenses and vary between universities.

2. Accommodation: If you plan on being admitted to a college outside your home city, be ready to consider accommodation expenses in your financial plan. Depending on your financial considerations and convenience, you can choose the university hostel or live outside campus on rent.

3. Food: If you choose to live outside the campus on rent, you must consider food expenses in your plan. These expenses will vary from city to city. Remember that even with hostel accommodation, some universities can ask you to pay for food separately.

4. Books: While buying books can be expensive (especially in higher education), you can defray their cost by utilizing your university’s library facilities when possible.

How to apply for a BBA FIA education loan?

The education loan for BBA FIA ranges from up to 75 Lakhs (unsecured) to Rs 2 Crores (secured). You can apply for an education loan for a bachelor of finance and investment analysis by following the steps below.

1. Assess your eligibility for the loan

You are eligible for a BBA FIA education loan if you’re an Indian citizen below 35 and have completed senior secondary education from an accredited board. Additionally, before applying for the loan, you should have admission confirmation from the university.

2. Gather the necessary documents

Next, you need to collect the following standard documents for an education loan application:

  1. Identity proof
  2. Academic documents
  3. Financial documents
  4. Proof of residence

3. Decide on a lender

Several financial institutions offer education loans. You should choose a suitable lender by comparing interest rates, repayment tenure and miscellaneous facilities.

4. Submit the loan application

Once you’ve finalized the lender, the next step is to collect the necessary application forms online or offline. You must complete the loan application carefully and read all the guidelines. Once completed, you can submit the application along with the required documents.

Once the loan application is submitted, the financial institution will contact you to sign the loan agreement after approval.

Concluding thoughts

A bachelor of finance and investment analysis can open a plethora of entry-level opportunities for you in the world of finance, banking and investment. Once you’ve secured admission to the university of your choice, you must tackle the question of funding. Education loans can help you secure the necessary financing without making a dent in your savings.

Tata Capital provides education loan online at attractive interest rates with easy disbursal. Tata Capital’s versatile education loan will cover all your degree expenses, allowing you to focus solely on learning.

Add wings to your dream. Apply for an Education loan!

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