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Canara Bank Educational Loan

Started by karthick, Aug 24, 2008, 09:16 PM

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Canara Bank Educational Loan

Vidyasagar Loan for Students
Rate of Interest: (Subject to changes as advised by Bank / RBI from time to time) :
Student satisfying DRI norms
(irrespective of quantum of loan)
(DRI:annual income less than Rs 7200 p.a)    

- Up to Rs.4 lakhs
- Above Rs.4 lakhs up to Rs. 7.50 lacs
- Above Rs. 7.50 lacs up to Rs. 15 lacs
  (studies abroad)*
- For students secured admission in IIT / IIM / ISB*    

* For loans granted w.e.f. 9.7.2005

1) 0.50 % concession in ROI for prompt servicing of interest during study period.
2) Reduction of 1 % for all courses in all slabs / category for girl students for
     loans granted from 1.12.2005 to 30.6.2007.

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