Coaching Loans
My Son Got 92% in 10th — Can I Get a Loan for Allen Kota JEE Coaching Without ITR or CIBIL?
Propelld AdvisorMarch 24, 20262 min readGovernment SchemesScholarshipsEducation LoansJEE PreparationStudy Abroad CostsCIBIL Score
In Brief
Traditional banks don't give loans for coaching classes — only for degree programs. Propelld and Bajaj Finserv do finance Allen coaching, but require ITR and 650+ CIBIL which you don't have. Before trying loans, apply for Rajasthan's CM Anuprati Yojana (free coaching + ₹40K/year for hostel) and Allen's ASAT scholarship (up to 90% fee waiver) — your son's 92% makes him a strong candidate for both.
The Hard Truth About Coaching Loans
Banks don't fund coaching classes — only degree programs at recognised colleges. Propelld and Bajaj Finserv do finance Allen coaching, but they need ITR and a CIBIL score of 650+. Without these, approval is very unlikely. But before going down the loan path, there are two options that fit your situation much better.
Option 1: CM Anuprati Yojana — Free Coaching + ₹40K/Year
This Rajasthan government scheme is designed for families exactly like yours. It provides completely free JEE coaching at empaneled institutes (Allen included), plus ₹40,000/year for hostel and food. Your family income (₹33-38K/month = ₹4-4.5L/year) is well within the ₹8L limit, and your son's 92% makes him a strong merit candidate.
- Apply via SSO Rajasthan portal (sso.rajasthan.gov.in)
- You'll need: Jan Aadhaar Card with updated income and caste details, EWS certificate from your Tehsildar
- Applications typically open in September — check the portal now for 2026 dates
- Selection is merit-based on 10th and 12th board performance — 92% puts your son in a strong position
Option 2: Allen ASAT Scholarship — Up to 90% Fee Waiver
Allen's own scholarship exam (₹500 fee) can waive up to 90% of fees based on performance. Even a 60% scholarship brings your ₹2.8L cost down to ₹1.12L — far more manageable. You can take admission first and apply for the scholarship before October 31st. The scholarship amount gets adjusted against your next instalment.
If your son studied in a government school in Rajasthan, he may qualify for Allen Shiksha Sambal — 100% free coaching plus free hostel and meals. Check Allen's website for eligibility.