Education Loan for Bachelor in Computer Application

Today, the IT sector is undoubtedly one of the fastest-growing sectors globally. Offering among the best packages, this sector has come to become a favoured industry amongst many job seekers. This comes as no surprise given the value IT brings to our lives. 

Its growing role in our lives makes it one of the best industries to aim for when it comes to employment. The first step is applying for the Bachelor’s in Computer Application course. This three-year course will put you on the fast track to getting a job in a growing industry that is sure to thrive in the future. What’s more, you can finance your Bachelor’s in Computer Application with an education loan and keep your savings for another day.

Here, we discuss a Bachelor’s in Computer Application and how you can apply for an education loan to fund it.

What is a Bachelor’s in Computer Application?

Bachelor’s in Computer Application is a three-year undergraduate course that educates you on software development and computer applications. To apply for this course, candidates must have completed their higher secondary education with a minimum of 50% marks in mathematics.

The best way to finance this course is via an education loan for a Bachelor’s of Computer Application. Subjects of this course include statistics, operating systems, programming in Java, and computer architecture.

Study Loan Bachelor’s in Computer Application with An Education Loan

While enrolling in this course is exciting, financing it can seem overwhelming. Fortunately, you can turn to an education loan at such times. Education loans are convenient, unsecured credit vehicles that help you apply for your dream course without financial stress. Keep reading to learn the eligibility criteria, documents required and application process.

Eligibility Criteria for Education Loan

The eligibility criteria for a study loan for a Bachelor’s in Computer Application can differ with the lender. Here are the general eligibility criteria:

• The applicant must be an Indian between the ages of 18 to 35 years
• The applicant must have completed 10+2/diploma
• The applicant must wish to pursue a graduate, postgraduate or PG diploma in professional education
• The applicant must require the loan for an application to a listed, recognised and accredited institution in the country or abroad
• The lender can ask you to furnish a pre-admission sanction document, scores on entrance tests such as GRE, GMAT, etc., 12^th/HSC results, or a document confirming your admission
• The applicant’s parents, siblings, spouse, grandparents, parents-in-law or maternal/paternal uncle must be a co-borrower

Documents Required for Education Loan

For a successful education loan process, you must furnish certain documents without your application form. Here’s a general list:

• Proof of Identity: PAN Card, Passport
• Academic Documents: The lender might require your 10th mark sheet, 12th mark sheet, available semester mark sheet/transcript, degree, exam scores (GRE, IELTS, TOEFL, GMAT, other)
• Financial Documents: The lender might require salary slips for the past three months, Form 16 of the previous two years, ITRs of the last three years, business proof, P&L accounts, balance sheet, bank statements for the last six months

How to Apply for an Education Loan?

The application process for a study loan for a Bachelor’s in Computer Application can vary with the lender. Here are the general steps to follow:

Online process

Step 1: Navigate to your chosen lender’s official website

Step 2: Fill the form online and upload all necessary documents

Step 3: Once your application is verified, the loan amount will be sanctioned

Offline Process

You can apply for a study loan for a Bachelor’s in Computer Application offline as well. Here’s how:

Step 1: Visit your chosen lender’s nearest branch

Step 2: Complete the process as per the direction of the executive

Step 3: Once your application is verified, you will receive the loan amount

And that’s it! You can now finance your Bachelor’s in Computer Application course without dipping into your savings.

Final Thoughts

Bachelor’s in Computer Application is one of the best courses to pursue today. Opening doors to high-paying positions such as software developer, web developer, network administrator, system analyst and the like, this three-year course must definitely be considered by anyone looking to get a good launchpad in life.

What’s more, you can get the best start to your career without any financial burden. You can simply take an unsecured study loan for a Bachelor’s in Computer Application from Tata Capital. We offer high education loan amounts, at attractive interest rates, with a pre-admission sanction facility, easy eligibility criteria and disbursals. So, take the first steps to your dream career with Tata Capital’s study loan for a Bachelor’s in Computer Application.