Hi Everyone! You are all doing well today. Welcome back to another new Article. I will tell you about Canara Bank Education Loan 2023 opportunities in an easy way. It provides chances for candidates to complete professional training or any degree program. They also provide a chance to study abroad. It provides education Canara Bank Education Loan 2023 ranging from INR 20,000 to INR 36,00,0000 for all candidates.

So read the whole article to get all the details related to education loan opportunities by Canara Bank this is a great chance for all students. We will tell you about the schemes and institutes, required documents, and repayment methods.

Maximum Loan Limit	INR 40 Lacs +
Margin	Up to 4 lacs – Nil Above 4 lacs 5%
Processing Fee	Nil
Interest Rate	7 – 10 %
Loan Repayment	10 – 15 years

Offered Sub-Schemes

IBA Skill Loan Scheme-Education Loans
IBA Model Education Loan Scheme
Vidya Turant-Education Loan Scheme
Vidya Sahay-Education Loan Scheme

IBA Skill Loan Scheme-Education Loans

Purpose of Loan
Student Eligibility	Indian Nationality holders
Eligible Courses	National Skill Qualification Framework (NSQF) is included in the Skill Loan. There is no least course period which is good news for the applicant
Quantum of Finance	Need-based in the assortment up to Rs.5000 to Rs.1,50,000/-
Rate of Interest	Click Here for the latest ROI
Margin	Nil
Security	future income of the student The loan is settled jointly with the parent/guardian of the student. No collateral or third-party assurance is obligatory
Moratorium
Repayment	Loan amount up to Rs 50000: up to 3 years Loan amount above Rs 50000

IBA Model Education Loan Scheme

Purpose of Loan
Eligibility	Indian National NRI students holding valid Indian passports
Eligible courses	Electronics/IMC, autonomous institutions like IIM, IIT, Degree/diploma from reputed Institutes/Colleges/Universities ABROAD STUDIES: Undergraduate, Ph.D., Post Graduate Diploma, etc. are eligible for loan.
Quantum of finance	Need-based finance Students can submit application forms either near the students’ residency or near the university or any institute.
Margin	Up to Rs.4.00 Lakhs – Nil Studies abroad – 15%
Security	· Estimation of future income of the student Merit Quota: · Rs.7.50 Lakhs: the loan will be covered under Credit Guarantee Loan amount above Rs.7.50 Lakhs: security to cover at least 100% of the loan amount. · Management Quota: · Loan amount above · Least 100% of the loan amount
Repayment	Refunding of the loan will be in associated monthly Installments Maximum of 15 years excluding

Vidya Truant:

Education Loan Scheme

Purpose	· To offer disturbance-free education loans to worthy candidates who are following their higher studies in excellent institutions viz., Selected · IIMs/ · IITs/ · NITs/ · IISc /
Student Eligibility	Indian Nationality holders
Quantum of Finance	· Category B institute Students of IIMs · Limit up to Rs40.00 lacs.
Rate of interest	· Click Here for the latest ROI
Margin	Up to Rs. 4.00 lakhs – Nil A loan above Rs. 4.00 lakhs – 5%. Scholarship/assistantship will be involved in the margin
Security	No collateral Security for institutions chosen category for candidates of IIMs Limits up to 25 lacs, For students of ISBs, Limits up to Rs 40.00 lakhs, Students of other institutions Limit up to Rs 20.00 lakhs Estimation of the future income of the candidates The loan is settled jointly with the parent/guardian and candidates.
Upfront / Processing Fee	Nil
Repayment	Refunding of the loan will be associated monthly 15 years excluding the suspension period plus one year.

Canara Bank Education Loan Interest Rate

Scheme Name	Loan Amount	Interest rate
IBA Model Education Loan Scheme	Need-based finance	Contact the bank
IBA Skill Loan Scheme	Rs. 5000 to Rs.1.5 lakh	8.40%
Vidya Sahay	Up to Rs.1 lakh	8.90%

Documents Required;

Evidence of Residency
Government-issued identity card
Application form
Two Passport-size photographs
Admission Letter issued by the university
Income evidence of the supporter
Collateral Security documents
GRE/IELTS/TOEFL/GMATScores
10th and 12th exam mark sheets

1#Category (A)	2#Category (B)	3#Category (C)
Ahmedabad Institute of Management, Indian Institute of Management, Bangalore Institute of Management, Indore Institute of Management, Kozhikode IND Institute of Management, Kolkata Indian Institute of Management, Lucknow IND Institute of Management, Ranchi Institute Management, Rohtak Institute Management, Trichy	Nagar, Mohali Indian School of Business, Hyderabad	Rajiv Gandhi Indian Institute of Management, Shillong MadrasIIT Roorkee IIT Guwahati Delhi Kanpur Patna Mumbai Srinagar Kurukshetra

Eligible university

1. University of Oxford	2. United Kingdom
3. Harvard University	4. United States
5. Stanford University	6. United States
7. Cambridge University	8. United Kingdom
9. Massachusetts Institute of Technology (MIT)	10. United States
11. ETH Zurich	12. Switzerland
13. University of Tokyo	14. Japan
15. Australian National University	16. Australia
17. University of Toronto	18. Canada
19. Sorbonne University	20. France

Top 20 University

1. Massachusetts Institute of Technology (MIT)	2. United States
3. Stanford University	4. United States
5. Harvard University	6. United States
7. California Institute of Technology (Caltech)	8. United States
9. University of Oxford	10. United Kingdom
11. University of Cambridge	12. United Kingdom
13. University of Chicago	14. United States
15. Princeton University	16. United States
17. Imperial College London	18. United Kingdom
19. Swiss Federal Institute of Technology (ETH Zurich)	20. Switzerland
21. University of Pennsylvania	22. United States
23. Yale University	24. United States
25. Johns Hopkins University	26. United States
27. Columbia University	28. United States
29. University of California, Berkeley	30. United States
31. University of California, Los Angeles (UCLA)	32. United States
33. University of Tokyo	34. Japan
35. University of Toronto	36. Canada
37. London School of Economics and Political Science (LSE)	38. United Kingdom
39. University of Melbourne	40. Australia

Qualify countries for loan

1. Afghanistan

2. Albania

3. Algeria

4. Andorra

5. Angola

6. Antigua and Barbuda

7. Argentina

8. Armenia

9. Australia

10. Austria

11. Azerbaijan

12. Bahamas

13. Bahrain

14. Bangladesh

15. Barbados

16. Belarus

17. Belgium

18. Belize

19. Benin

20. Bhutan

21. Bolivia

22. Bosnia and Herzegovina

23. Botswana

24. Brazil

25. Brunei

26. Bulgaria

27. Burkina Faso

28. Burundi

29. Cabo Verde

30. Cambodia

31. Cameroon

32. Canada

33. Central African Republic

34. Chad

35. Chile

36. China

37. Colombia

38. Comoros

39. Congo (Democratic Republic)

40. Congo (Republic)

41. Costa Rica

42. Cote d’Ivoire

43. Croatia

44. Cuba

45. Cyprus

46. Czech Republic

47. Denmark

48. Djibouti

49. Dominica

50. Dominican Republic

51. East Timor

52. Ecuador

53. Egypt

54. El Salvador

55. Equatorial Guinea

56. Eritrea

57. Estonia

58. Eswatini

59. Ethiopia

60. Fiji

61. Finland

62. France

63. Gabon

64. Gambia

65. Georgia

66. Germany

67. Ghana

68. Greece

69. Grenada

70. Guatemala

71. Guinea

72. Guinea-Bissau

73. Guyana

74. Haiti

75. Honduras

76. Hungary

77. Iceland

78. India

79. Indonesia

80. Iran

81. Iraq

82. Ireland

83. Israel

84. Italy

85. Jamaica

86. Japan

87. Jordan

88. Kazakhstan

89. Kenya

90. Kiribati

91. Korea, North

92. Korea, South

93. Kosovo

94. Kuwait

95. Kyrgyzstan

96. Laos

97. Latvia

98. Lebanon

99. Lesotho

100. Liberia

101. Libya

102. Liechtenstein

103. Lithuania

104. Luxembourg

105. Madagascar

106. Malawi

107. Malaysia

108. Maldives

109. Mali

110. Malta

111. Marshall Islands

112. Mauritania

113. Mauritius

114. Mexico

115. Micronesia

116. Moldova

117. Monaco

118. Mongolia

119. Montenegro

120. Morocco

121. Mozambique

122. Myanmar (Burma)

123. Namibia

124. Nauru

125. Nepal

126. Netherlands

127. New Zealand

128. Nicaragua

129. Niger

130. Nigeria

131. North Macedonia (formerly Macedonia)

132. Norway

133. Oman

134. Pakistan

135. Palau

136. Panama

137. Papua New Guinea

138. Paraguay

139. Peru

140. Philippines

141. Poland

142. Portugal

143. Qatar

144. Romania

145. Russia

146. Rwanda

147. Saint Kitts and Nevis

148. Saint Lucia

149. Saint Vincent and the Grenadines

150. Samoa

151. San Marino

152. Sao Tome and Principe

153. Saudi Arabia

154. Senegal

155. Serbia

156. Seychelles

157. Sierra Leone

158. Singapore

159. Slovakia

160. Slovenia

161. Solomon Islands

162. Somalia

163. South Africa

164. South Sudan

165. Spain

166. Sri Lanka

167. Sudan

168. Suriname

169. Sweden

170. Switzerland

171. Syria

172. Taiwan

173. Tajikistan

174. Tanzania

175. Thailand

176. Togo

177. Tonga

178. Trinidad and Tobago

179. Tunisia

180. Turkey

181. Turkmenistan

182. Tuvalu

183. Uganda

184. Ukraine

185. United Arab Emirates

186. United Kingdom

187. United States

188. Uruguay

189. Uzbekistan

190. Vanuatu

191. Vatican City

192. Venezuela

193. Vietnam

194. Yemen

195. Zambia

196. Zimbabwe

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