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CDAC 2016 Bank Loan Letter Information

Question asked by Ankita Katdare in #CDAC on Jul 16, 2015
Ankita Katdare
Ankita Katdare · Jul 16, 2015
Rank A1 - PRO
As it turns out a lot of students have a lot of queries about the CDAC Bank Loan Letter.
From the information that I have gathered, loan can be taken at any nationalized or co-operative banks across India.

The candidates will be getting email bank loan letter to your inbox when your final seat is allotted.

Following is a sample loan letter that students get:

CDAC-Bank-Loan

If you have any queries about CDAC bank loan letter, please ask below so that your fellow candidates can answer your queries. Posted in: #CDAC
Ishaan Khurana
Ishaan Khurana · Jul 17, 2015
Rank E1 - BEGINNER
How we can get this loan.letter?!
Ankita Katdare
Ankita Katdare · Jul 17, 2015
Rank A1 - PRO
Ishaan Khurana
How we can get this loan.letter?!
From what I know you have to login to the DASDM website and print the documents available in the login page.
The documents will include:
1. Offer Letter
2. Bank Loan letter
3. Acceptance letter format
4. Fees Payment confirmation slip

You can use the Letter certifying your provisional admission to DASDM for availing educational loans from the Banks to pay your course fees.
Ankita Katdare
Ankita Katdare · Jul 17, 2015
Rank A1 - PRO
Once you are ready with the fees, you can use the Fee Payment Confirmation slip to submit your DD to the training centre.
akshay waghmare
akshay waghmare · Jan 5, 2016
Rank E2 - BEGINNER
one silly question regarding the expenditure of 30k (hostel fees, mess charges..), do this 30k comes in our hand .. or directly deposits to the institute.
Sourabh Shrivastava
Sourabh Shrivastava · Jan 9, 2016
Rank E1 - BEGINNER
After loan letter what we have to do how loan will get processed at bank?
What will be the bank's eligibility for loan for cdac?
Is there a guarantor needed?
ester456u
ester456u · Jan 11, 2016
Rank D3 - MASTER
for Education loans upto 4 lacs no guarantor needed , you just need a co- applicant from your family only
Sourabh Shrivastava
Sourabh Shrivastava · Jan 11, 2016
Rank E1 - BEGINNER
Quite not satisfied with your answer, but thanks
ester456u
ester456u · Jan 11, 2016
Rank D3 - MASTER
Sourabh , I had a word with SIDBI bank executive few days ago that is what they told me so i thought i should let people know 😀
Sourabh Shrivastava
Sourabh Shrivastava · Jan 11, 2016
Rank E1 - BEGINNER
Actually you haven't given the whole ans for what i asked? That's why I'm not satisfied...
Currently I'm in counseling process n waiting for result in cdac, and want to knoe step by step process for loan for this course.
Sourabh Shrivastava
Sourabh Shrivastava · Jan 11, 2016
Rank E1 - BEGINNER
And btw thanks for the information you have shared.
ester456u
ester456u · Jan 11, 2016
Rank D3 - MASTER
Sourabh Shrivastava
And btw thanks for the information you have shared.
Welcome My Friend
Ankita Katdare
Ankita Katdare · Jan 11, 2016
Rank A1 - PRO
Sourabh Shrivastava
Is there a guarantor needed?
Like @ester456u said above:
Here is what is the norm:
Up to Rs. 4 lakh : No security
Above Rs. 4 lakh and up to Rs. 7.5 lakh : Third Party Guarantee

Sourabh Shrivastava
how loan will get processed at bank?
This question is unclear. If the bank processes the loan, i.e. accepts your loan application, they will issue the DD in the name of the institute.

Sourabh Shrivastava
What will be the bank's eligibility for loan for cdac?
Since for such specialized courses the loan amount is very less, there is no eligibility criteria.
ester456u
ester456u · Jan 11, 2016
Rank D3 - MASTER
@Ankita Katdare I tried finding the link mentioned by you but it is not there please help me anyone where i can download the loan letter
VIJAY Bahure
VIJAY Bahure · Nov 29, 2018
Rank E1 - BEGINNER

Now the cdac course fees is 115000/- and hostel fees approx. 30000/- plus book purchase and other expenses. Can i get 2.5 lakh education loan from bank ? If not then how much max. amount of loan can i get ? 


Radhika Deshpande
Radhika Deshpande · Nov 30, 2018
Rank B2 - LEADER

Vijay, Bank of India (BoI) is now empanelled with C-DAC to provide the education loan for students aspiring admissions in PG Diploma courses.  Get details here -https://www.cdac.in/index.aspx?id=edu_acts_BoILetter

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