Canara Bank Educational Loans for higher studies in India or abroad

Canara Bank Vidyasagar Loan for Students :

Rate of Interest : (Subject to changes as advised by Bank/RBI from time to time) :

(1) Student satisfying DRI norms (irrespective of quantum of loan) (DRI:annual income less than Rs 7200 p.a)	4.00%
(2) Others Upto Rs.4 lakhs	12.50%
Above Rs.4 lakhs upto Rs. 7.50 lacs	13.50%
Above Rs. 7.50 lacs upto Rs. 15 lacs (studies abroad)*	11.25%
For students secured admission in IIT / IIM / ISB*	10.75%

* for loans granted w.e.f. 9.7.2005

Note:

0.50 % concession in ROI for prompt servicing of interest during study period.
Reduction of 1 % for all courses in all slabs / category for girl students for loans granted from 1.12.2005 to 30.6.2008.

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