Canara Bank Education Loan Review | Canara Bank Educational Loan Apply Full Process
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A loan or funds obtained by an individual to pursue higher education in India or overseas is referred to as an education loan. Canara Bank, a leading provider of education loans, is aware of the requirements of students and provides affordable education loans with lower interest rates.
Lots of students use Canara Bank education loans each year to gain admission to prestigious universities and colleges in India and abroad.
Eligibility Criteria for Canara Bank Education Loan
The general conditions to obtain an education loan from Canara Bank are as follows:
The applicant must be a resident of India. The applicant must have obtained admission from an educational institution.
Documents Required for Canara Bank Education Loan
The documents which need to be submitted while looking to avail an education loan from Canara Bank are listed below:
Duly filled application form. Passport-size photograph. Identity proof like Voter ID, Aadhaar card, driving license, passport, Permanent Account Number (PAN) etc. Address proof like Aadhaar card, Driving license, Voter ID etc. Date of birth proof. Academic marksheets and certificates (10th, 12th, subsequent exams if applicable). Admission letter or call letter from the institute.
Loan Schemes
Vidya Turant
The Vidya Turant education loan aims to offer education loans to deserving students attending select universities to pursue higher education.
Up to Rs.40 lakh (on the basis of category of institutions)
8.60% - 9.85%
Vidya Shakthi
The Vidya Shakti education loan provides funds to the PWD category students who want to pursue the special devices courses in India. Study abroad loans will be granted in accordance with the IBA Model Education Loan/Skill Loan Scheme guidelines.
Degree courses - Up to Rs.7.5 lakhVocational, certificate, diploma and skill loan - Up to Rs.1.5 lakh
The purpose of this education loan is to offer funds to individuals who wish to pursue higher education.
9.25%
Vidya Sahay
The Vidya Sahay offered by Canara Bank helps meritorious students who require the down payment for CET and counselling.
Up to Rs.1 lakh
11.25%
New education loan scheme for pursuing master's degree from select top ranking universities of world
Up to Rs.1 crore
10.85% - 11.35%
IBA Model Education Loan Scheme
The IBA Model Education Loan Scheme has been designed to cover various expenses related such as course fees, travel costs, library/laboratory fees, insurance premium, etc.
Need-based finance
Contact the bank
Vidya Sagar Scheme
Above Rs.7.50 lakhs
10.85% - 11.25%
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