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| COMPARE : EDUCATION LOANS |
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| Canara Bank Education Loan |
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| Introduction |
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| Canara bank offers education loan under Vidyasagar to needy and meritorious Indian students. High school students can also avail education loan. Loan can be taken for job oriented courses at degree level and advanced studies for post –graduation for study in abroad. |
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| Highlights |
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Study Abroad |
Study India |
| Course |
Graduation |
Graduation |
| Loan Type |
Term Loan |
Term Loan |
| Loan Purpose |
Loans are also provided for studying abroad for job oriented courses at degree level and advanced studies in all areas for post-graduation.
For payment of fees to school/college and for purchase of books, hostel fees, examination fees, etc. |
Loans are provided for studying abroad for job oriented courses at degree level and advanced studies in all areas for post-graduation. |
| Loan Amount |
Min. - Rs 50000
Max. - Rs 400000
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Min. - Rs 50000
Max. - Rs 400000
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| Margin Money |
15 %
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5 %
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| Tenure |
Min. - 1 Yrs.
Max. - 7 Yrs.
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Min. - 1 Yrs.
Max. - 7 Yrs.
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| Interest Rate |
Priority category
-Upto Rs 4.00 Lacs 13.75
- Loans above Rs.4.00 lacs upto Rs.7.50 lacs 14.75
- Loans above Rs.7.50 lacs upto Rs.20.00 lacs 12.75
Non- priority Category 16.00
1% concession to Girl students.
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Priority category
-Upto Rs 4.00 Lacs 13.75
- Loans above Rs.4.00 lacs upto Rs.7.50 lacs 14.75
- Loans above Rs.7.50 lacs upto Rs.20.00 lacs 12.75
Non- priority Category 16.00
1% concession to Girl students
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| Time to Process Loan |
7 days |
7 days |
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 Fees & charges
Fees & charges
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Eligibility Criteria
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Eligibility Criteria
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Study Abroad
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Study Abroad:
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| Age |
Min.: 16 Yrs. Max.: 55 Yrs. |
| Documents Required: |
| ID Proof |
Yes |
| Age Proof |
Yes |
| Residence Proof |
Yes |
| Income Proof |
Yes |
| Telephone |
Yes |
| Photograph |
Yes |
| Bank Statement |
Yes |
| Signature Proof |
Yes |
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Study India
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Study India:
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| Age |
Min.: 16 Yrs. Max.: 55 Yrs. |
| Documents Required: |
| ID Proof |
Yes |
| Age Proof |
Yes |
| Residence Proof |
Yes |
| Income Proof |
Yes |
| Telephone |
Yes |
| Photograph |
Yes |
| Bank Statement |
Yes |
| Signature Proof |
Yes |
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Security
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Security |
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Up to Rs. 4.00 lakhs: Joint documentation with parents/guardian.
Above Rs. 4.00 lakhs:
Collateral security of suitable value or Co-obligation of Third Party having required net worth with Assignment of future income of the student |
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Show All Education Loans
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