Canara Vidya Turant aims to facilitate academic success by providing hassle-free education loans to top students at prestigious institutions such as IIMs, IITs, NITs, IISc, ISB.
There is no margin required. Scholarships or assistantships included in the margin are also covered.
Category A: Up to Rs. 50 lakhs for ISB Hyderabad & Mohali. Category B: Up to Rs. 40 lakhs for IIMs, IITs, Symbiosis Groups, BITS, IIFT, IMI, IRMA, ISM,
IMT, KJSIMSR, MDI, SPJINMR, NMIMS, RGIIM, XIM, XLRI, and others. Category C: Up to Rs. 30 lakhs for all other institutions not included in Category A and B.
None; there are no processing charges associated with the loan.
No security required for Group “A,” “B,” and “C” institutions up to specified limits. The loan is secured by an assignment of future income.
Repayment can be made over a period of up to 15 years in equated monthly installments, excluding the moratorium period.
There is no prepayment penalty during the repayment period.
Includes fee, examination/library/laboratory fees, travel expenses, insurance premiums, caution deposits, books, equipment, uniforms, computer purchases, and other course-related expenses.
The CSIS program can cover all Vidya Turant education loans if the borrower meets the qualifying criteria based on income and other standards.
Interested candidates should apply directly through Canara Bank’s designated loan application channels, ensuring they meet all eligibility criteria and documentation requirements.