Canara Bank Education Loan for Abroad Studies

The Canara Bank Education Loan for Abroad Studies is a loan product that finances students pursuing study programmes abroad. It offers scheme variants including loans for master's degrees and the Vidya Sagar scheme, with differing loan limits, collateral requirements, moratorium periods and repayment tenures. The loan can cover tuition, living expenses, travel and medical insurance premiums and is available with floating interest rates linked to the bank's RLLR. Concessions and interest-rate variations may apply based on collateral, university ranking, borrower profile and special categories.

Loan financing for tuition fees, living expenses, travel expenses and medical insurance premium; moratorium period equal to course duration plus defined months; repayment tenures up to 15 years (post moratorium).

Schemes include eligibility for master's degree programmes abroad (STEM and management) and Vidya Sagar scheme provisions; accepted co-applicants include parents, guardians and in some schemes parents-in-law, siblings or spouse. Loan margin, collateral and credit profile determine sanction and rates.

Apply through Canara Bank's education loan application process (online application process and step-by-step guide referenced); required documents and processing fees vary by scheme and collateral status.