CDAC 2016 Bank Loan Letter Information

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:



If you have any queries about CDAC bank loan letter, please ask below so that your fellow candidates can answer your queries. Posted in: #Career Help

How we can get this loan.letter?!

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.

Once you are ready with the fees, you can use the Fee Payment Confirmation slip to submit your DD to the training centre.

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.

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?

for Education loans upto 4 lacs no guarantor needed , you just need a co- applicant from your family only

Quite not satisfied with your answer, but thanks

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 😀

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.

And btw thanks for the information you have shared.

Sourabh Shrivastava

And btw thanks for the information you have shared.

Welcome My Friend

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.

@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

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 ? 

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