Canara Bank Education
Loan EMI Calculator

Loan Amount (₹)
Interest Rate (%)
Tenure (Yrs)
EMI
0
EDUCATION LOAN FOR HIGHER EDUCATION, UPTO 10 LACS FOR STUDY IN INDIA AND UPTO 20 LACS FOR ABROAD STUDY
Interest
Rate

Loan limit Interest Rate
Upto 7.5 Lacs 11.15-11.75%
Above 7.5 lacs 11.15%
Loan Amount &
Security

Secured Unsecured
Above 7.5 lacs Upto 7.5 Lacs
Charges &
Repayment

Processing fees Nil
Repayment period 10-15 years
Moratorium period Study period + 12 months
Eligibility
Criteria

  • Indian National
  • Admission guaranteed
Key Benefits &
Coverage

Concessions
  • 0.50 % concession on ROI for girl students for studies in abroad
Loan limit
  • Higher loan limit for studies in India are considered on case-to-case basis
Margin
  • upto 4 Lacs - Nil
  • Above 4 lacs - 5% for study in India
  • Above 4 lacs - 15% for abroad study
Course covered
  • Indian Courses - Courses conducted by colleges/universities approved by UGC/ AICTE/IMC/Govt. etc.
  • Indian Courses - Courses conducted by autonomous institutions like IIT, IIM etc.
  • Indian Courses - Teacher training/ Nursing courses approved by Central government or the State Government
  • Indian Courses - Courses approved by Director General of Civil Aviation/Shipping/ concerned regulatory authority
  • Courses Abroad - courses like MCA, MBA, MS, etc. offered by reputed universities
Expenses covered
  • College fees, book & laptop purchase, travel expenses and any education related expenses.
Required
Documents

Student Co-Borrower
KYC
  • Aadhaar
  • 2 passport photos
  • Passport(if going abroad)
  • Aadhaar & Pan card
  • residence proof
EDUCATION
  • Admit letter
  • cost of study statement
  • X & XII mark sheet
    ---
INCOME
  • Pan card
  • 6 months bank account statement
  • 6 months bank account statement
  • ITR of last 2years /form 16
  • Income proof(salary slip )
SECURITY
    ---
  • Assets and liabilities brief statement