Note: This article is meant to guide students about the CFA Program EMI and financing options available in India.
Synthesis Learning does not directly provide EMI or loan facilities.
Our counsellors can help you check your EMI eligibility and guide you on what works best. Just call us at 8291703707.
Are you an aspiring Chartered Financial Analyst (CFA) worried about the hefty fees? Synthesis Learning has some great news! The CFA Institute in India now offers a flexible payment or equated monthly installment (EMI) option. This initiative allows eligible candidates to pay their CFA exam fees in monthly installments, thanks to a partnership with Eduvanz Finance. Hereโs everything you need to know about this convenient financing solution.
What is the EMI Option?
The EMI option is a flexible payment method designed to make the CFA program more accessible. It allows candidates to spread their CFA exam fees over several months, reducing the financial burden. This initiative is particularly beneficial for those who might find it challenging to pay the full fee upfront.
This video provides a comprehensive breakdown of everything you need to know about CFA EMI payment options available for CFA candidates in India.
Who is Eduvanz?
Eduvanz Finance, founded in 2016, is a learner-focused financing institution. They provide fast and convenient access to financial solutions, empowering over 125,000 students to achieve their career and professional goals. With Eduvanz, CFA candidates can benefit from quick approvals, direct payments to CFA Institute, and hassle-free processing.
For more information or to start your application, visit Eduvanzโs dedicated CFA page
Flexibility with Loan Providers
While Eduvanz is the official partner, candidates are free to choose any CFA loan provider. However, Eduvanz offers several advantages, including fast approvals and direct payments to CFA Institute, making the process smoother and quicker.
Eligibility for EMI
To qualify for the EMI option, candidates must:
- Be an Indian citizen residing in India
- Be between 21 and 65 years old
- Be a salaried employee of a private limited company or a public sector undertaking, or be self-employed with a minimum turnover
- Non-wage-earning students can also apply if an earning family member acts as their financial co-applicant.
EMI Tenure and Payment Details
The EMI tenures for CFA loans range from 6 to 24 months, offering flexibility based on your financial situation. Once approved, Eduvanz disburses the full amount directly to CFA Institute, completing your registration process. This ensures a smooth and seamless experience for candidates.
Family Members as Co-borrowers
For students not yet earning, an earning family member can act as a co-borrower. This makes it easier for students to access this financing option without putting undue stress on their own finances.
Coverage of Fees
The EMI option covers all three levels of the CFA Program. However, it does not cover:
- Other credentials and certificate programs 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 crucial to initiate an EMI application. You can download the invoice during the Early Registration window and for a limited period during the Standard Registration window.
Documents Required
Good news โ no security or collateral is required for CFA loan. If the candidate is not earning, an earning family member can provide the necessary proof of income to initiate the application. They must also meet the Know-Your-Customer (KYC) requirements.
Application Process
Initiating an EMI application is straightforward:
– Register for the CFA Program on the CFA Institute website.
– On the payment page, select โPay By Invoiceโ and download the invoice.
– Visit Eduvanzโs dedicated CFA page.
– Select the option to initiate an application and complete the requirements.
– Submit the invoice downloaded from the CFA Institute registration process.
Take Action Now: If you’re ready to register for the CFA Program and benefit from the EMI option, start your application process today!
Impact of CFA Exam Registration
If you fail to make necessary EMI payments, your CFA exam registration and results will not be cancelled. The EMI payments are not linked to your CFA exam registration or results. However, the loan repayment will continue as per the agreement with Eduvanz.
If the CFA Institute defers your exam, your EMI repayment schedule will remain unchanged. You can also apply for another loan for the next exam level even if you have an active loan.
CFA Program Fees in India (2025)
The CFA program in India requires candidates to pay an exam registration fees for each level, and rescheduling fees if applicable. The overall cost depends on the registration window selected and any additional retakes or supplementary expenses such as coaching or materials.
Key Components For CFA Fees in Indian Rupees (Approximate โ 2025)
Exam Registration Fee: Paid separately for Levels I, II, and III, depending on the registration deadline:
Early Registration: Around $1140 (1,01,228). This is the lower end of the CFA registration fees in Indian rupees, available if you apply before the early deadline.
Standard Registration: Around $1,490 (โน1,32,307). This represents the higher bracket of the CFA registration fees in Indian rupees, applicable after the early registration window closes.
Rescheduling Fee: Around $250 (โน22,198) if you change your exam appointment within the scheduled window.
Important Considerations
Exchange Rate Fluctuations: Fees are billed in USD, so INR costs vary with currency changes.
Coaching and Study Materials: Additional costs not included in CFA Institute fees.
Annual Membership: After completing all three levels, candidates must pay annual dues to maintain CFA Charterholder status.
Scholarships: The CFA Institute Access Scholarship Program is designed to make the CFAยฎ Program more accessible to individuals who may not be able to afford the full program fees, reducing exam registration fees to about $400.
The total estimated cost of pursuing the CFA program in India typically ranges between โน3 – 4 lakhs or more across all three levels, depending on registration windows, additional retakes, and supplementary expenses. Careful financial planning and awareness of deadlines can help reduce overall costs.
CFA Program Fee Structure in India (2025 โ Approximate)
| Fee Component | Amount (USD) | Amount (INR) | Notes |
| Early Registration | $1,140 | โน1,01,228 | Per level, if registered early |
| Standard Registration | $1,490 | โน1,32,307 | Per level, after early deadline |
| Rescheduling Fee | $250 | โน20,000 | To change exam appointment |
| Total Estimated Program Cost | – | โน3.5 โ4 lakhs+ | Across three levels (excluding coaching, materials, retakes) |
Refund Process
If you cancel your exam registration and have availed the EMI option, Eduvanz will initiate a refund after CFA Institute processes your refund request. The refund amount will be determined based on the agreement between Eduvanz and the applicant.
CFA Program Payment Methods
The CFA Institute provides candidates with multiple secure payment options to ensure convenience and flexibility. You may complete your registration using the following methods:
Credit and Debit Cards
-
- American Express
- Diners Club
- Discover
- JCB
- MasterCard
- UnionPay
- Visa
Digital Payment
-
- Alipay
Offline Payments
-
- Invoice (available up to 40 days before the registration deadline)
- ACH or wire transfer
CFA Payment Mistakes to Avoid
When registering for the CFA exams, even small payment errors can result in unnecessary delays, added costs, or even rejection of your application. Being aware of common pitfalls helps ensure a smooth registration process.
Common Payment Mistakes
- Missing the early registration deadline
- Using the wrong card or a card with insufficient funds
- Entering incorrect card details
- Overlooking currency conversion rates
- Failing to save or download the payment confirmation
Such mistakes may disrupt your exam registration and create avoidable stress. Staying attentive during the payment process is therefore essential.
Best Practices to Prevent Payment Errors
- Ensure you have a stable and secure internet connection
- Use your own card for transactions (International transaction should be on) to avoid authorisation issues
- Keep your bankโs customer care contact details readily available
- Regularly check the official CFA Institute portal for updated information
Disclaimer
The flexible payment option does not constitute financial or investment advice by CFA Institute, nor does it provide financial or brokerage services. Eduvanz is an independent third-party education loan provider and is not related to CFA Institute. CFA Institute is not liable for any acts or omissions of Eduvanz. All payments and refunds will be as per the terms between the applicants and Eduvanz.
Donโt let financial constraints hold you back from achieving your CFA dream. Take advantage of the EMI option and spread your CFA exam fees over manageable monthly payments. Visit Eduvanzโs dedicated CFA page and start your application today!
At Synthesis Learning, we are committed to supporting your CFA journey every step of the way. For personalized coaching and comprehensive CFA preparation, Call us at 8291703707 to speak with an advisor.. Together, weโll make your CFA dream a reality!
Faqs
1. What is the CFA registration fee for Level I?
For Level I, the exam registration fee is $1140 for early registration and $1,490 for standard registration. Together, these form the core of the CFA registration fees for the first level.
2. Is the CFA registration fee refundable?
No, CFA registration fees are strictly non-refundable under any circumstances. Once payment is made, the amount cannot be reversed. Candidates should therefore plan their registration carefully before making payment.
3. Can I pay the CFA registration fee in Indian Rupees?
No, CFA fees must always be paid in USD. Indian candidates can still pay in INR, but their bank automatically converts the amount to USD at the prevailing rate. This ensures the CFA Institute receives payment in the correct currency.
4. How can Indian students apply for a CFA scholarship?
Indian students can apply for the CFA Access Scholarship through the CFA Institute website. The process requires filling in an application form and an essay. If approved, the scholarship can significantly reduce CFA registration fees.
5. What if I miss the early bird CFA registration deadline?
Missing the early bird deadline means you will not qualify for the lower fee option. Instead, you must pay the higher standard exam registration fee of $1,490. Registering early is the best way to save on CFA costs.
6. Can I reschedule my CFA exam after registering?
Yes, candidates may change their exam date after registration. However, this requires payment of a $250 rescheduling fee. Rescheduling should be done within the exam window to avoid losing eligibility.
7. How many times is CFA registration allowed in a year?
Candidates can register for each CFA exam level up to two times per year. This depends on available exam windows as set by the CFA Institute. Proper planning ensures you attempt the exam at the most suitable time.
