|Tweet Pin It|
Canara Bank Offers IBA Model Education Loan scheme for pursuing higher studies in India and abroad.
a) Studies in India
b) Studies abroad:
Coverage of expenses
Need based finance
Loan is given jointly to the student and parent /guardian
Assignment of future income of the student
(Note: If the proposed borrower prefers to offer collateral security of tangible assets (moveable or immoveable) instead of bringing collateral securities in the form of third party guarantee, the same may be accepted, at his request, provided the securities with stipulated margin covers 100% of the loan amount).
Rate of Interest
As per bank rulesRepayment
Commences one year after completion of the course or six months after getting
employment, whichever is earlier.
Loan with interest is repayable in equated monthly installments as follows :
- Upto Rs.7.5 Lakhs - 10 years
- Above Rs.7.5 Lakhs - 15 years
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.
TagsCanara Bank Education Loans , Study Abroad Loan
Find it Useful ? Help Others by Sharing Online
Comments and Discussions
Related Education Loans