Flexible payment option India
Financing solutions for eligible CFA® Program candidates in India.
NOTE: The EMI payment option for CFA Program in India is temporarily suspended due to operational reasons.
Overview
Eligible CFA Program candidates in India will have the option to pay their CFA exam fees in monthly installments at low interest rates through digital and collateral-free financing solutions provided by Eduvanz Finance.
Founded in 2016, Eduvanz Finance is a learner-focused financing institution. By enabling fast and convenient access to financial solutions, Eduvanz has empowered more than 125,000 students to unlock their career and professional learning goals. To initiate an application, please visit the Eduvanz CFA page (temporarily suspended).
Eligibility
In addition to being a CFA Program candidate registering using the 'Pay by Invoice' option, borrowers must be:
- An Indian citizen currently residing in India
- Between 21 and 65 years old
- A salaried employee of a private limited company or a public sector undertaking or self-employed with minimum turnover
In addition, non-wage-earning students must ask an earning family member to apply as their financial co-applicant.
Flexible payment details
The EMI tenures vary from 6 to 24 months.
Once approved, the full amount will be paid by Eduvanz to CFA Institute to complete a candidate’s CFA Program registration.
The option for a family member to be a co-borrower is available to earning working professionals. For students studying in colleges and not yet earning, an earning family member will need to apply as the financial co-applicant.
This initiative covers only CFA Program registration fees. For local training programs, please reach out to the training provider directly to determine whether a separate initiative is available to provide payment support.
Yes, students may select any loan provider. As the CFA Institute payment partner, Eduvanz will provide CFA Program candidates with quick approvals, direct payments to CFA Institute, and hassle-free processing to students.
Programs/fees covered
The EMI option can be used to cover all three levels of the CFA Program. The following courses and fees, however, are not covered as part of this initiative:
- Other credentials and certificate program from CFA Institute
- Course fees for scholarship candidates
- Deferral and rescheduling fees
- Having an active invoice as proof of your CFA Program exam registration is key document to initiate an EMI application.
- The option to download an invoice is available through the Early Registration window and for a limited period during the Standard Registration window.
- Payment via invoice: Available up to 40 days before the closing date of registration. Please refer to the exam calendar for more details on the deadline.
Documents required
No security or collateral is required for this loan.
Yes, if the candidate is not earning any income, then a family member can act as a co-applicant and furnish all of the necessary proof of income. The family member also must meet the Know-Your-Customer requirements to initiate an application on behalf of the candidate.
Application process
Following is the process to initiate an EMI application:
- Register for the CFA Program on CFA Institute website.
- On the payment page, select “Pay By Invoice” and download the invoice.
- Visit the dedicated page for CFA Institute on the Eduvanz website.
- Submit the invoice downloaded from the CFA Institute registration process.
The EMI application can be submitted only from the Eduvanz website. Applicants may not submit these requests from the CFA Institute website.
Applicants can contact Eduvanz through their website (temporarily suspended).
Impact of CFA exam
No, CFA exam registration and results will not be cancelled if the EMI payments are not made. The EMI payments are not linked to CFA exam registration or results.
The EMI repayment is not linked to your CFA exams. The loan repayment will continue to be deducted from your bank account as per the agreement signed between Eduvanz and the applicant.
The EMI repayment is not linked to your CFA exam. Therefore, the repayment schedule will remain the same, regardless of any exam deferrals.
Yes, applicants can apply for another loan for the next exam level. Please note that the new EMI will run parallel to the existing EMI.
- A candidate’s registration is accepted once the fee amount is received by CFA Institute. To ensure that the registration is successful, we encourage candidates to initiate their EMI application well in advance of their invoice due date.
- Please contact the Eduvanz team directly to clarify the requirements and processing timelines for money to be transferred to CFA Institute.
- Refunds from CFA Institute are applicable only under certain circumstances. Please read the CFA Institute Refund Policy for more details.
- If you have availed of a loan and have paid one or more instalments of your EMI, Eduvanz will initiate a refund of the EMI amount after the refund request has been accepted by CFA Institute as per CFA Institute policy and your registration amount has been refunded by CFA Institute to Eduvanz.
- For details on the exact refund amount and any applicable deductions, please refer to the signed agreement between Eduvanz and the applicant.
Disclaimer: The flexible payment option does not constitute any financial or investment advice by CFA Institute, or any provision of any financial or brokerage services by CFA Institute. Eduvanz is an independent third-party education loan provider that is neither related to nor an agent of CFA Institute, and CFA Institute shall not be liable for any acts or omissions of Eduvanz. Once the applicants successfully avail of the flexible payment option, all related payments (and any refund of fees) will be solely as per terms of documentation between the applicants and Eduvanz, and CFA Institute shall neither be a party to such documentation nor be liable for or in respect of any such payments, refunds, or defaults in any manner whatsoever.
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