Canara Bank Education Loan : Rupee Times

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Canara Bank Education Loan

Introduction

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.

Highlights

	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	Min. - Rs 50000 Max. - Rs 400000
Margin Money	15 %	5 %
Tenure	Min. - 1 Yrs. Max. - 7 Yrs.	Min. - 1 Yrs. Max. - 7 Yrs.
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.	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
Time to Process Loan	7 days	7 days

Fees & charges

Eligibility Criteria

Study Abroad

Study India

Security

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