Canara Bank

Educational Loans

Offered for India at Undergraduate, Postgraduate for the duration of the course; not renewable. Subject: Unrestricted. (Only technical courses for which Reserve Bank of India clearance is available.
Open to applicants who have 60% minimum marks in basic qualification and who have confirmed admission in a university in the UK. Interview is required. For bans up to and inclusive of Rs. 1,00,000, co-obligation from suitable person is required. For loans beyond Rs. 1,00,000, collateral security of property or other approved securities whose value is equal to the loan amount is required.
Rate of Interest:
1. Student satisfying DRI norms : 4.00%
2. Others
Upto Rs.4 lakhs - 13.00%
Above Rs.4 lakhs upto Rs. 7.50 lacs - 14%
Above Rs. 7.50 lacs upto Rs. 20 lacs - 11.75%
Above Rs.15.00 lacs upto Rs.20.00 lakhs - 11.25%
Whom to contact:
Further information and application form can be had from Canara Bank, Head Office, Priority Credit Section; Credit Wing, 112 J C Road, Bangalore 560002, or any other branch of Canara Bank.
Delhi Tel: 011-24122205
Bangalore Tel: 080-22221581
Chennai Tel: 044-28497058
Hyderabad Tel: 040-23436956,23436980
Kolkata Tel: 033-22281308
Mumbai Tel: 022-24385104