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Education Loans

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 :

  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 30.6.2008.

 

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