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IGNOU Guess > Education > Educational Loans > 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
- Above Rs.4 lakhs upto Rs. 7.50 lacs
- Above Rs. 7.50 lacs upto Rs. 15 lacs
(studies abroad)*
- For students secured admission in IIT / IIM / ISB* |
12.50%
13.50%
11.25%
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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