Canara Bank Vidya Sahay Scheme (Bridge Loan)

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Canara Bank Bridge Loan (Vidya Sahay Scheme) is to assist the needy and meritorious students who are in need of the down payment to be made to the CET/counseling Authorities at the time of selection / counseling

Eligibility :

Students who appeared in common entrance test conducted by respective state governments, CBSE, IIT and such other all India examination and selected for counseling.
Indian National.
Students should have cleared the previous qualifying exam.
Address and ID Proof to be provided at the time of sanction of Bridge Loans for complying with KYC norms.

Loan Details

Quantum

Maximum eligible amount would be Rs.1 Lakh or initial payment as proposed by the CET Authorities whichever is less.

Margin :
Nil

Security :
Nil

Upfront / Processing Fee:
Nil

Rate of Interest

As applicable to Education Loans, i.e., 11.50% (BR + 1.5%) w.e.f 11.05.2015.
DRI rate to those who qualify DRI norms.

Repayment

Bridge Loan is to be cleared after sanction of regular education loan.

Contact Details
Head Office - Canara Bank
P.O. Box No. 6648, 112, Jayacharamarajendra Road, Bangalore-560002
Phone : 080 - 2222 1581
Fax : 080 - 2222 2704
E-mail : Contact Now
Website : visit

Click here for the nearest bank branches

Note : Since the rules, regulations, eligibility conditions, repayments and interests rates etc. are revised by the banks from time to time in keeping pace with the changing capital market conditions, students and parents are advised to thoroughly check the terms and conditions of educational loan scheme on offer at the time of application.

Tags

Bridge Loans , Canara Bank Education Loans

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